What is Dell Technologies's change in AP?

Dell Technologies (DELL) reported change in AP of $11.66B in Q1 2026.

How has Dell Technologies's change in AP changed year-over-year?

Dell Technologies's change in AP increased by 158.5% year-over-year, from $4.51B to $11.66B.

What is the long-term trend for Dell Technologies's change in AP?

Over 2 years (2022 to 2024), Dell Technologies's change in AP has grown at a -70.6% compound annual growth rate (CAGR), from $5.74B to -$498M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Dell Technologies DELL Change in AP

Change in AP at other companies

HPHPQ

$929M+171%

International Business MachinesIBM

$156M+4,900%

NetAppNTAP

$129M—

AmazonAMZN

-$8.74B+3.4%

Logitech InternationalLOGI

$6.55M-77.0%

Commvault SystemsCVLT

$399K—

Other financials

Income statement

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Revenue$43.8B+87.5%

Gross profit$7.8B+57.6%

Operating income$3.7B+214%

Net income$3.4B+256%

EPS (diluted)$5.24+282%

Balance sheet

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Cash & equivalents$11.6B+50.4%

Total debt$31.9B+7.9%

Total equity-$1.4B+53.6%

Total assets$114.91B+32.3%

Cash flow

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Operating cash flow$4.1B+46.0%

CapEx$963.0M+69.5%

Free cash flow$3.1B+39.9%

Valuation

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Market cap$278.78B+198%

Enterprise value$299.11B+156%

P/E33.2×+12.6×

P/S2.1×+1.1×

Profitability

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Gross margin19.1%-3.0pp

Operating margin7.9%+1.3pp

Net margin6.3%+1.6pp

FCF margin7%+3.1pp

Returns & leverage

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Return on equity138%—

Debt / equity5.6×—

Current ratio0.9×+0.1×

Where this comes from

Reported directly by Dell Technologies in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Dell Technologies’s 10-Q, filed June 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Dell Technologies's change in AP?: Dell Technologies (DELL) reported change in AP of $11.66B in Q1 2026.
How has Dell Technologies's change in AP changed year-over-year?: Dell Technologies's change in AP increased by 158.5% year-over-year, from $4.51B to $11.66B.
What is the long-term trend for Dell Technologies's change in AP?: Over 2 years (2022 to 2024), Dell Technologies's change in AP has grown at a -70.6% compound annual growth rate (CAGR), from $5.74B to -$498M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.