Total Operating Expenses
Dell Technologies Total Operating Expenses increased by 4.7% to $3.64B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 11.1%, from $4.09B to $3.64B. Over 4 years (FY 2022 to FY 2026), Total Operating Expenses shows a downward trend with a -5.3% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase faster than revenue growth suggests declining operating margins, while slower growth indicates effective cost control.
Detailed definition
Total operating expenses represent the sum of all costs incurred to operate the business, excluding the cost of goods so...
Peer comparison
Used to calculate operating margin; peers in the healthcare sector monitor this closely to manage profitability against R&D requirements.
total_operating_expensesHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.28B | $4.46B | $4.49B | $4.88B | $4.23B | $4.17B | $3.95B | $5.08B | $3.95B | $4.22B | $3.66B | $4.16B | $3.89B | $3.97B | $3.64B | $4.09B | $3.77B | $3.67B | $3.47B | $3.64B |
| QoQ Change | — | +4.2% | +0.7% | +8.8% | -13.3% | -1.5% | -5.4% | +28.8% | -22.3% | +6.9% | -13.3% | +13.7% | -6.7% | +2.1% | -8.3% | +12.5% | -7.8% | -2.6% | -5.4% | +4.7% |
| YoY Change | — | — | — | — | -1.0% | -6.5% | -12.1% | +4.1% | -6.7% | +1.3% | -7.2% | -18.1% | -1.6% | -6.0% | -0.6% | -1.7% | -2.9% | -7.4% | -4.5% | -11.1% |
Total Operating Expenses at Other Companies
Frequently Asked Questions
- What is Dell Technologies's total operating expenses?
- Dell Technologies (DELL) reported total operating expenses of $3.64B in Q4 2025.
- How has Dell Technologies's total operating expenses changed year-over-year?
- Dell Technologies's total operating expenses decreased by 11.1% year-over-year, from $4.09B to $3.64B.
- What is the long-term trend for Dell Technologies's total operating expenses?
- Over 4 years (2022 to 2026), Dell Technologies's total operating expenses has grown at a -5.3% compound annual growth rate (CAGR), from $18.11B to $14.56B.
- What does total operating expenses mean?
- The total cost of running the business, including all non-production expenses.