Hewlett Packard Enterprise (HPE) Cost of Revenue (2015 - 2026)
Hewlett Packard Enterprise (HPE) posted Cost of Revenue of $7.29 billion for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 13.7% from $6.41 billion a year earlier and up 8.1% from the prior quarter.
Hewlett Packard Enterprise (HPE) Cost of Revenue (2015 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Cost of Revenue at Hewlett Packard Enterprise was $26.46 billion, up 9.8% year-over-year; for FY2025 (ended Oct 31, 2025), it came in at $23.87 billion, up 14.8% from FY2024.
- Annual Cost of Revenue has increased for six consecutive fiscal years, with a five-year compound annual growth rate of 36.7% (FY2020 to FY2025).
- In prior fiscal years, Hewlett Packard Enterprise's Cost of Revenue was $20.79 billion in FY2024 (+7.5%), $19.34 billion in FY2023 (+3.5%), $18.68 billion in FY2022 (+2.7%) and $18.2 billion in FY2021 (+263.8%).
- The fiscal Q3 2026 figure stands as the highest quarterly Cost of Revenue in data going back to fiscal Q1 2015.
- On a year-over-year basis, Cost of Revenue has increased in each of the last three quarters, with growth averaging 17.0% over the last eight quarters.
- The strongest year-over-year quarter for Cost of Revenue in the past five years was fiscal Q2 2023, with growth of 54.2%; the weakest was fiscal Q2 2022, with a decline of 35.0%.
- According to Business Quant data, Cost of Revenue for the three prior fiscal quarters was $6.74 billion (Q2 2026), $5.9 billion (Q1 2026) and $6.54 billion (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,874.86 Bn | 4,622.35 Bn | 54.77 Bn | 54.65 Bn |
| 2 | Cisco Systems | 442.74 Bn | 378.67 Bn | 11.06 Bn | 6.19 Bn |
| 3 | Dell Technologies | 360.03 Bn | 315.78 Bn | 9.83 Bn | 37.14 Bn |
| 4 | Arista Networks | 261.51 Bn | 214.96 Bn | 1.91 Bn | 1.13 Bn |
| 5 | Sandisk | 251.12 Bn | 239.64 Bn | 7.58 Bn | 1.38 Bn |
| 6 | Seagate Technology Holdings | 192.54 Bn | 187.54 Bn | 1.90 Bn | 1.73 Bn |
| 7 | Western Digital | 149.92 Bn | 138.05 Bn | 2.03 Bn | 1.72 Bn |
| 8 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 11.27 Bn |
| 9 | Lumentum Holdings | 96.17 Bn | 87.98 Bn | 477.30 Mn | 509.80 Mn |
| 10 | Hewlett Packard Enterprise | 92.09 Bn | 69.97 Bn | 4.93 Bn | 7.29 Bn |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 7.29 Bn |
| Apr 30, 2026 | 6.74 Bn |
| Jan 31, 2026 | 5.90 Bn |
| Oct 31, 2025 | 6.54 Bn |
| Jul 31, 2025 | 6.41 Bn |
| Apr 30, 2025 | 5.39 Bn |
| Jan 31, 2025 | 5.54 Bn |
| Oct 31, 2024 | 6.76 Bn |
| Jul 31, 2024 | 5.15 Bn |
| Apr 30, 2024 | 4.71 Bn |
| Jan 31, 2024 | 4.18 Bn |
| Oct 31, 2023 | 5.51 Bn |
| Jul 31, 2023 | 4.39 Bn |
| Apr 30, 2023 | 4.37 Bn |
| Jan 31, 2023 | 5.07 Bn |
| Oct 31, 2022 | 5.22 Bn |
| Jul 31, 2022 | 4.50 Bn |
| Apr 30, 2022 | 2.83 Bn |
| Jan 31, 2022 | 4.57 Bn |
| Oct 31, 2021 | 4.89 Bn |
Hewlett Packard Enterprise Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HPE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "HPE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HPE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();