Dell Technologies Cash Flow Statement
NYSE: DELLTechnologyComputer ManufacturingUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Dell Technologies free cash flow
In fiscal 2026, Dell Technologies generated $11.19 billion of operating cash flow and spent $2.63 billion on capital expenditures. That left free cash flow of $8.55 billion, a free-cash-flow margin of 7.5% of revenue. Free cash flow was up 357.6% from the prior year's $1.87 billion.
Dell Technologies returned $7.47 billion to shareholders: $1.46 billion in dividends and $6.01 billion in share repurchases, equal to 87% of free cash flow. Free cash flow covered dividend payments 5.9 times.
Summary generated from market data by MetaCap's automated system. Methodology
Dell Technologies cash flow statement (annual)
| Fiscal year (USD) | FY 20262026-01-30 | FY 20252025-01-31 | FY 20242024-02-02 | FY 20232023-02-03 | FY 20222022-01-28 | FY 20212021-01-29 | FY 20202020-01-31 | FY 20192019-02-01 | FY 20182018-02-02 | FY 20172017-02-03 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 5.94B | 4.58B | 3.37B | 2.42B | 5.71B | 3.50B | 5.53B | -2.18B | -2.93B | -1.16B |
| Net Income growth (YoY) | +29.72% | +35.71% | +39.22% | -57.56% | +62.82% | -36.61% | — | — | — | — |
| Depreciation & Amortization | 3.03B | 3.12B | 3.30B | 3.16B | 4.55B | 5.39B | 6.14B | 7.75B | 8.63B | 4.94B |
| Stock-Based Compensation | 723.00M | 785.00M | 878.00M | 931.00M | 1.62B | 1.61B | 1.26B | 918.00M | 835.00M | 398.00M |
| Change in Working Capital | 1.62B | -5.60B | 2.43B | -4.35B | 3.63B | 2.12B | 2.96B | 3.48B | 3.80B | 2.60B |
| Operating Cash Flow | 11.19B | 4.52B | 8.68B | 3.56B | 10.31B | 11.41B | 9.29B | 6.99B | 6.84B | 2.37B |
| Capital Expenditures | -2.63B | -2.65B | -2.76B | -3.00B | -2.80B | -2.08B | -2.58B | -1.50B | -1.21B | -699.00M |
| Investing Cash Flow | -2.06B | -2.21B | -2.78B | -3.02B | 1.31B | -460.00M | -4.69B | 3.39B | -2.88B | -31.24B |
| Dividends Paid | -1.46B | -1.27B | -1.07B | -964.00M | 0 | 0 | 0 | -2.13B | 0 | 0 |
| Share Repurchases | -6.01B | -2.59B | -2.08B | -2.88B | -1.50B | -241.00M | -8.00M | -14.07B | -724.00M | -611.00M |
| Debt Issued | 15.00B | 9.26B | 7.78B | 12.48B | 20.43B | 16.39B | 20.48B | 13.04B | 14.41B | 46.86B |
| Debt Repaid | -8.52B | -10.57B | -11.25B | -9.82B | -26.72B | -20.92B | -22.12B | -11.45B | -12.26B | -16.96B |
| Financing Cash Flow | -1.46B | -5.82B | -7.09B | -1.63B | -16.61B | -5.95B | -4.60B | -14.33B | 403.00M | 31.79B |
| Net Change in Cash | — | — | -1.39B | -1.19B | -5.10B | 5.03B | -89.00M | -4.14B | 4.55B | 2.94B |
| Free Cash Flow | 8.55B | 1.87B | 5.92B | 562.00M | 7.51B | 9.32B | 6.71B | 5.49B | 5.63B | 1.67B |
This table shows 10 annual periods of Dell Technologies's cash flow statement, from FY 2026 back to FY 2017, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow DELL's reporting calendar. What is a cash flow statement?