Hewlett Packard Enterprise (HPE-PC) Operating Expenses (2015 - 2026)
Hewlett Packard Enterprise's (HPE-PC) quarterly Operating Expenses came in at $8.8 billion in Q1 2026, up 19.0% year-on-year from $7.4 billion in Q1 2025, and down 8.84% quarter-over-quarter from $9.7 billion in Q4 2025.
Hewlett Packard Enterprise (HPE-PC) Operating Expenses (2015 - 2026) Analysis & Trends
Hewlett Packard Enterprise has disclosed Operating Expenses across 12 years of filings, most recently posting $8.8 billion for Q1 2026.
- Operating Expenses for Q1 2026 came in at $8.8 billion, up 19.0% year-over-year; the trailing twelve-month figure through Jan 2026 was $36.1 billion (up 24.08% YoY), and the FY2025 annual result was $34.7 billion, up 24.33% from the prior year.
- Operating Expenses came in at $8.8 billion for Q1 2026 at Hewlett Packard Enterprise, down from $9.7 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $9.7 billion in Q4 2025 to a low of $6.2 billion in Q1 2024.
- The 5-year median for Operating Expenses is $7.2 billion (2024), against an average of $7.4 billion.
- Across the five-year window, Operating Expenses fell 16.64% in 2023 and rose 28.87% in 2025, its largest moves.
- Hewlett Packard Enterprise's Operating Expenses stood at $8.2 billion in 2022, then fell by 16.64% to $6.8 billion in 2023, then increased by 13.46% to $7.8 billion in 2024, then increased by 24.75% to $9.7 billion in 2025, then dropped by 8.84% to $8.8 billion in 2026.
- The last three Operating Expenses figures came in at $8.8 billion (Q1 2026), $9.7 billion (Q4 2025), and $8.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 478.10 Bn | 461.46 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Lumentum Holdings | 68.25 Bn | 65.08 Bn | 357.00 Mn | 182.50 Mn |
| 3 | Motorola Solutions | 68.23 Bn | 67.36 Bn | 1.36 Bn | 691.00 Mn |
| 4 | Ciena | 65.47 Bn | 64.17 Bn | 625.52 Mn | 436.11 Mn |
| 5 | Hewlett Packard Enterprise | 65.15 Bn | 60.30 Bn | 8.25 Bn | 8.83 Bn |
| 6 | Ubiquiti | 35.10 Bn | 34.73 Bn | 370.71 Mn | 79.89 Mn |
| 7 | AST SpaceMobile | 25.62 Bn | 26.20 Bn | -69.36 Mn | 164.15 Mn |
| 8 | Applied Optoelectronics | 14.53 Bn | 14.09 Bn | 43.92 Mn | 56.91 Mn |
| 9 | Viavi Solutions | 12.21 Bn | 12.20 Bn | 234.10 Mn | 209.30 Mn |
| 10 | Hewlett Packard Enterprise | - | - | 8.25 Bn | 8.83 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 8.83 Bn |
| Oct 31, 2025 | 9.69 Bn |
| Jul 31, 2025 | 8.89 Bn |
| Apr 30, 2025 | 8.74 Bn |
| Jan 31, 2025 | 7.42 Bn |
| Oct 31, 2024 | 7.77 Bn |
| Jul 31, 2024 | 7.16 Bn |
| Apr 30, 2024 | 6.78 Bn |
| Jan 31, 2024 | 6.23 Bn |
| Oct 31, 2023 | 6.84 Bn |
| Jul 31, 2023 | 6.53 Bn |
| Apr 30, 2023 | 6.45 Bn |
| Jan 31, 2023 | 7.22 Bn |
| Oct 31, 2022 | 8.21 Bn |
| Jul 31, 2022 | 6.49 Bn |
| Apr 30, 2022 | 6.51 Bn |
| Jan 31, 2022 | 6.51 Bn |
| Oct 31, 2021 | 7.00 Bn |
| Jul 31, 2021 | 6.62 Bn |
| Apr 30, 2021 | 6.42 Bn |