Dell Technologies Inc. (DELL) closed fiscal year 2026 with a gross margin of 20.0 % and a net margin of 5.2 %.
Dell Technologies Inc. (DELL) closed fiscal year 2026 with a gross margin of 20.0 % and a net margin of 5.2 %. The same year shows an EBITDA margin of 9.8 % and an EBIT margin of 7.2 %. The free cash flow margin was 7.5 %. Against the previous year the gross margin moved −2.2 pp and the net margin +0.4 pp. Across the period the gross margin ranges between 16.4 % in 2015 and 27.6 % in 2019. The series covers 12 fiscal years, from 2015 to 2026. Margins are expressed as a percentage of net revenue and are derived from the same figures as the income statement, taken from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin (%) | 16.43 % | 16.47 % | 21.02 % | 25.98 % | 27.65 % | 24.33 % | 23.24 % | 21.63 % | 22.18 % | 23.83 % | 22.24 % | 20.00 % |
| EBITDA margin (%) | 4.91 % | 4.63 % | 2.74 % | 7.87 % | 8.34 % | 10.03 % | 10.47 % | 9.10 % | 8.73 % | 9.85 % | 9.79 % | 9.85 % |
| EBIT margin (%) | -0.58 % | -1.01 % | -5.28 % | -3.06 % | -0.21 % | 2.79 % | 4.25 % | 4.60 % | 5.64 % | 6.12 % | 6.53 % | 7.18 % |
| Net margin (%) | -2.26 % | -2.17 % | -2.71 % | -3.60 % | -2.55 % | 5.44 % | 3.75 % | 5.50 % | 2.39 % | 3.83 % | 4.81 % | 5.23 % |
| FCF margin (%) | 3.83 % | 3.30 % | 2.61 % | 7.12 % | 6.06 % | 7.92 % | 10.76 % | 7.42 % | 0.55 % | 6.69 % | 1.96 % | 7.53 % |
