Dell Technologies' net income/loss 1996-2020

In Dell Technologies' 2020 financial year, the company's net income reached about 4.62 billion U.S. dollars. Dell withstood a consistent net loss for the previous last six financial years, during a developmental period of adapting its business model to market trends of digitalization and software as a service (SaaS).

A company in transition

During a period of transition from 2013 until 2018, the company was reorganized when company founder and CEO Michael Dell bought out and privatized Dell, which allowed him to invest more ardently in research and development without having to cater to outside investors’ interests. During this time, Dell bought software virtualization company VMware in order to position itself as a company offering robust cloud computing solutions. After buying out EMC Corp. for 67 billion U.S. dollars, Dell Technologies went public again.

Expectations for future

At the end of 2018, Dell reported that it paid down 14.6 billion U.S. dollars of its debt since the EMC deal has closed. It is still to be seen how quickly Dell can pay off the remaining 50 billion U.S. dollars of debt from its purchase of EMC, though going public seems to indicate that Dell has a solid financial base to build off of.

Dell Technologies' net income/loss from 1996 to 2020 (in million U.S. dollars)*

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Release date

March 2020



Survey time period

Fiscal years 1996 to 2020

Special properties

GAAP figures

Supplementary notes

* The fiscal year ends either at the end of January or start of February of the respective financial year (Fiscal year 2019 ended February 2, 2018 for example).
** Net loss attributable to Dell Technologies Inc.

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