DXC Technology (DXC) financial statements
DXC Technology reported revenue of $12.6B in fiscal 2026, up 5.8% a year over 9 years.
Net income was $18M and the operating margin 7.7%, against 8.1% in 2017.
Free cash flow was $1.0B, and the company returned $249M in net buybacks.
The diluted share count rose 27% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from DXC Technology's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.6B | $21.7B | $20.8B | $19.6B | $17.7B | $16.3B | $14.4B | $13.7B | $12.9B | $12.6B |
| Cost of revenue | $5.5B | $16.3B | $14.9B | $14.9B | $14.1B | $12.7B | $11.2B | $10.6B | $9.8B | $9.6B |
| Gross profit | $2.1B | $5.4B | $5.8B | $4.7B | $3.6B | $3.6B | $3.2B | $3.1B | $3.1B | $3.0B |
| Selling, general and admin | $1.3B | $1.9B | $2.0B | $2.0B | $2.1B | $1.4B | $1.4B | $1.2B | $1.3B | $1.4B |
| Operating income | $618M | $3.0B | $3.3B | $2.1B | $1.1B | $1.4B | $1.1B | $1.0B | $1.0B | $970M |
| Interest expense | $117M | $320M | $334M | $383M | $361M | $204M | $200M | $298M | $265M | $216M |
| Pre-tax income | -$174M | $1.3B | $1.5B | -$5.2B | $654M | $1.1B | -$885M | $109M | $630M | $318M |
| Income tax | -$74M | -$242M | $288M | $130M | $800M | $405M | -$319M | $23M | $234M | $290M |
| Net income | -$123M | $1.8B | $1.3B | -$5.4B | -$149M | $718M | -$568M | $91M | $389M | $18M |
| EPS (diluted) | -$0.88 | $6.04 | $4.47 | -$20.76 | -$0.59 | $2.81 | -$2.48 | $0.46 | $2.10 | $0.10 |
| Diluted shares | 140M | 290M | 281M | 259M | 254M | 255M | 229M | 199M | 185M | 179M |
| Gross margin | 27.1% | 24.9% | 28.0% | 23.9% | 20.5% | 22.0% | 22.1% | 22.6% | 24.1% | 24.0% |
| Operating margin | 8.1% | 13.8% | 15.8% | 10.5% | 6.2% | 8.5% | 7.9% | 7.4% | 7.9% | 7.7% |
| Net margin | -1.6% | 8.1% | 6.1% | -27.4% | -0.8% | 4.4% | -3.9% | 0.7% | 3.0% | 0.1% |
Balance sheet
Fiscal years, from DXC Technology's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.3B | $2.6B | $2.9B | $3.7B | $3.0B | $2.7B | $1.9B | $1.2B | $1.8B | $1.7B |
| Receivables | $1.6B | $5.5B | $5.2B | $4.4B | $4.2B | $3.9B | $3.4B | $3.3B | $3.0B | $3.0B |
| Total current assets | $3.2B | $9.6B | $9.1B | $9.0B | $8.2B | $7.4B | $6.1B | $5.1B | $5.4B | $5.4B |
| Property, plant and equipment | $903M | $3.4B | $3.2B | $3.5B | $2.9B | $2.4B | $2.0B | $1.7B | $1.3B | $1.1B |
| Goodwill | $1.9B | $7.6B | $7.6B | $2.0B | $641M | $617M | $539M | $532M | $526M | $527M |
| Total assets | $8.7B | $33.9B | $29.6B | $26.0B | $22.0B | $20.1B | $15.8B | $13.9B | $13.2B | $12.9B |
| Total current liabilities | $3.0B | $9.9B | $9.5B | $7.9B | $8.2B | $6.9B | $5.2B | $4.4B | $4.4B | $3.9B |
| Long-term debt | $2.2B | $6.1B | $5.5B | $8.7B | $4.3B | $4.1B | $3.9B | $3.8B | $3.0B | $3.0B |
| Total liabilities | $6.5B | $20.1B | $17.8B | $20.9B | $16.7B | $14.8B | $12.0B | $10.8B | $9.7B | $9.7B |
| Shareholders' equity | $1.9B | $13.5B | $11.4B | $4.8B | $5.0B | $5.1B | $3.5B | $2.8B | $3.2B | $2.9B |
| Net debt | $1.7B | $5.4B | $4.5B | $6.3B | $2.5B | $2.3B | $2.5B | $2.9B | $1.2B | $1.3B |
Cash flow
Fiscal years, from DXC Technology's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $619M | $2.6B | $1.8B | $2.4B | $124M | $1.5B | $1.4B | $1.4B | $1.4B | $1.2B |
| Capital spending | $246M | $224M | $297M | $350M | $261M | $254M | $267M | $182M | $248M | $212M |
| Free cash flow | $373M | $2.3B | $1.5B | $2.0B | -$137M | $1.2B | $1.1B | $1.2B | $1.1B | $1.0B |
| Stock-based compensation | $75M | $93M | $74M | $68M | $56M | $101M | $108M | $109M | $79M | $86M |
| Dividends paid | $78M | $174M | $210M | $214M | $53M | $0 | $0 | — | — | — |
| Share buybacks (net) | — | — | — | — | — | -$628M | -$669M | -$898M | -$14M | -$249M |
| Net borrowing | -$168M | -$1.5B | -$2.6B | -$1.0B | -$3.6B | -$2.9B | -$63M | $0 | $0 | -$1.1B |
| Free cash flow margin | 4.9% | 10.8% | 7.2% | 10.2% | -0.8% | 7.7% | 8.0% | 8.6% | 8.9% | 8.2% |
| Dividends per share | $0.56 | $0.60 | $0.75 | $0.83 | $0.21 | — | — | — | — | — |
Questions
What was DXC Technology's revenue in 2026?
$12.6B in fiscal 2026, from its 10-K filing.
How much free cash flow does DXC Technology generate?
$1.0B in fiscal 2026 (operating cash flow minus capital spending).
From DXC Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.