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
Download Data| Date | Value |
|---|---|
| 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 |