Income StatementBalance SheetCash FlowSegments
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Dell Technologies Cash Flow Statement

Operating, investing, and financing cash movements

Dell Technologies generated $11.2B in operating cash flow over the trailing twelve months. After $2.6B in capital expenditures, free cash flow was $8.6B. Free cash flow increased 3.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$11.2BNet Cash From Investing (TTM)-$2.1BNet Cash From Financing (TTM)-$1.5BCapital Expenditures (TTM)$2.6BDepreciation And Amortization Cf (TTM)$3.0BNet Change In Cash (TTM)-$4.0B
Latest FilingQ1 2026
Report Date2026-03-16
Market Cap$154.62B
P/E Ratio26.05
ROE-300.4%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$639.0M$735.0M$568.0M$675.0M$669.0M$721.0M
Net cash from investing activities-$524.0M-$678.0M-$88.0M-$655.0M-$617.0M-$695.0M
Other investing activities-$13.0M-$54.0M-$13.0M-$20.0M-$27.0M-$20.0M
Proceeds from maturities/sales of investments$121.0M$45.0M$31.0M$28.0M$71.0M$116.0M
Proceeds from sale of businesses$0.0$0.0$533.0M$0.0$0.0$0.0
Purchases of investments$19.0M$42.0M$97.0M$28.0M$46.0M$26.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net cash from discontinued operations——$4.0B$438.0M$1.4B$2.0B
Effect of exchange rate changes on cash$19.0M-$101.0M$89.0M$15.0M$30.0M$87.0M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts payable-$712.0M—$4.5B$2.1B-$3.7B$9.7B
Change in accounts receivable-$172.0M—-$691.0M$5.3B-$3.3B$5.8B
Change in deferred revenue-$1.4B$0.0-$230.0M-$160.0M-$1.1B—
Change in inventories$805.0M$193.0M$734.0M-$119.0M-$206.0M$3.6B
Other working capital changes-$1.9B-$200.0M$3.3B-$3.9B-$991.0M-$363.0M
Change in Finance Receivables-$233.0M$532.0M-$23.0M$592.0M$1.1B$1.0B
Deferred income taxes-$78.0M—-$256.0M$129.0M$112.0M-$45.0M
Depreciation and amortization$765.0M$774.0M$738.0M$762.0M$756.0M$773.0M
Net cash from operating activities$1.6B$585.0M$2.8B$2.5B$1.2B$4.7B
Net income$1.1B$1.5B$965.0M$1.2B$1.5B$2.3B
Stock-based compensation$198.0M$186.0M$190.0M$179.0M$165.0M$189.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$3.7B$645.0M$6.3B$962.0M$6.5B$1.2B
Repayments of debt$3.2B$976.0M$2.3B$1.1B$4.0B$1.1B
Dividends paid$312.0M$311.0M$396.0M$366.0M$351.0M$346.0M
Net cash from financing activities-$315.0M-$1.4B$1.2B-$1.5B$857.0M-$2.1B
Other financing activities-$29.0M$0.0-$33.0M-$3.0M-$52.0M$0.0
Proceeds from issuance of common stock$250.0K$250.0K$1.3M$1.3M$1.3M$1.3M
Repurchases of common stock$429.0M$734.0M$2.0B$940.0M$1.2B$1.8B
Taxes paid for net share settlement$25.0M$17.0M$352.0M$5.0M$22.0M$11.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$914.0M$0.0$2.2B$1.9B$503.0M$4.0B

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income taxes paid$138.8M$138.8M$315.3M$315.3M$315.3M$315.3M
Interest paid$326.0M$326.0M$338.5M$338.5M$338.5M$338.5M