Growth Metrics

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

Dell Technologies posted annual Operating Expenses of $14.6 billion for FY2026, down 3.03% year-over-year from $15.0 billion in FY2025.

Dell Technologies (DELL) has 12 years of Operating Expenses data on file, last reported at $14.6 billion in FY2026.

  • 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 FY2026 stood at $14.6 billion, down from $15.0 billion in the prior year.
  • Across five years, Operating Expenses topped out at $17.2 billion in FY2022 and bottomed at $14.6 billion in FY2026.
  • The 5-year median for Operating Expenses is $15.7 billion (2024), against an average of $15.9 billion.
  • The widest annual swing landed in 2022, when Operating Expenses grew 4.72%; it then declined 7.43% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $17.2 billion in 2022, then dropped by 1.84% to $16.9 billion in 2023, then dropped by 7.43% to $15.7 billion in 2024, then retreated by 4.12% to $15.0 billion in 2025, then slipped by 3.03% to $14.6 billion in 2026.
  • The last three Operating Expenses figures came in at $14.6 billion (FY2026), $15.0 billion (FY2025), and $15.7 billion (FY2024), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Yr)
1 Dell Technologies 284.11 Bn 272.59 Bn 6.73 Bn 14.56 Bn
2 Sandisk 250.86 Bn 247.12 Bn 4.66 Bn -
3 Arista Networks 200.57 Bn 188.21 Bn 1.68 Bn -
4 Seagate Technology Holdings 190.92 Bn 189.77 Bn 1.45 Bn -
5 Western Digital 181.67 Bn 178.44 Bn 1.68 Bn -
6 Super Micro Computer 27.56 Bn 26.27 Bn 1.02 Bn -
7 Everpure 26.12 Bn 25.11 Bn 740.09 Mn 2.46 Bn
8 IonQ 25.86 Bn 23.84 Bn 15.41 Mn -
9 Hp 25.04 Bn 21.89 Bn 2.84 Bn -
10 Logitech International 17.89 Bn 16.15 Bn 483.28 Mn 1.32 Bn

Historic Data

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DateValue
Jan 30, 2026 14.56 Bn
Jan 31, 2025 15.01 Bn
Feb 2, 2024 15.66 Bn
Feb 3, 2023 16.92 Bn
Jan 28, 2022 17.23 Bn
Jan 29, 2021 16.46 Bn
Jan 31, 2020 18.27 Bn
Feb 1, 2019 25.24 Bn
Feb 2, 2018 22.95 Bn
Feb 3, 2017 16.04 Bn
Jan 29, 2016 8.90 Bn
Jan 30, 2015 9.21 Bn