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DELL
Dell Technologies Inc.Stock · TechnologyS&P 500 0.1%
$437.31−$2.03 (-0.46%)as of market close, Jul 24, 2026
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How Dell makes money

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How does Dell make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Dell Technologies Inc. · FY2026 · year ended 2026-01-30
Revenue$113.5BGross profit$22.7B · 20%Cost of revenue$90.8B · 80%Operating income$8.1B · 7%Operating expenses$14.6B · 13%R&D$3.1B · 3%SG&A$11.4B · 10%Pre-tax income$7.3B · 6%Other expense$886M · 1%Net income$5.9B · 5%Income tax$1.3B · 1%Product$90.4B · 80%Service$23.1B · 20%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.