Dell Technologies (DELL) Operating Expenses (2015 - 2026)

Dell Technologies has reported Operating Expenses for 12 years, with the latest figure at $3.6 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 3.38% year-over-year to $3.6 billion; the trailing twelve-month figure through Jan 2026 stood at $14.6 billion (down 3.03% YoY), and the FY2026 full-year result was $14.6 billion, down 3.03% from the prior year.
• Operating Expenses for Q1 2026 stood at $3.6 billion, up from $3.5 billion in the prior quarter.
• The five-year high for Operating Expenses was $4.6 billion in Q1 2023, with the low at $3.5 billion in Q4 2025.
• Historically, Operating Expenses has averaged $3.9 billion across 5 years, with a median of $3.9 billion in 2024.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 316.94% — and 2024, when it decreased 16.25%.
• Dell Technologies' Operating Expenses stood at $3.9 billion in 2022, then slipped by 7.17% to $3.7 billion in 2023, then slipped by 0.63% to $3.6 billion in 2024, then decreased by 4.53% to $3.5 billion in 2025, then climbed by 4.72% to $3.6 billion in 2026.
• The last three Operating Expenses figures came in at $3.6 billion (Q1 2026), $3.5 billion (Q4 2025), and $3.7 billion (Q3 2025), per Business Quant data.