Hewlett Packard Enterprise (HPE) Gross Margin (2015 - 2026)
Hewlett Packard Enterprise's Gross Margin came in at 40.34% for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 10.48 percentage points from 29.86% a year earlier and up 3.47 percentage points from the prior quarter.
Hewlett Packard Enterprise (HPE) Gross Margin (2015 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Hewlett Packard Enterprise reported Gross Margin of 36.80%, up 9.64 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 30.39%, down 0.61 percentage points from FY2024.
- Gross Margin has declined in each of the last six fiscal years, with a five-year change of -51.07 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Gross Margin was 31.01% in FY2024 (-2.61 pp), 33.62% in FY2023 (-0.83 pp), 34.45% in FY2022 (-0.06 pp) and 34.51% in FY2021 (-46.95 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Gross Margin since fiscal Q2 2022.
- Year-over-year, Gross Margin has increased for four consecutive quarters, with an average year-over-year change of +1.89 percentage points over the last eight quarters.
- The fastest year-over-year change in Gross Margin over five years came in fiscal Q2 2022 (a gain of 22.84 percentage points), and the weakest in fiscal Q2 2023 (a drop of 20.47 percentage points).
- Business Quant data shows HPE's Gross Margin at 36.87% (Q2 2026), 36.60% (Q1 2026) and 32.46% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,023.53 Bn | 4,771.02 Bn | 54.77 Bn | 50.06% |
| 2 | Cisco Systems | 434.59 Bn | 370.52 Bn | 11.06 Bn | 64.13% |
| 3 | Dell Technologies | 303.32 Bn | 259.08 Bn | 9.83 Bn | 20.93% |
| 4 | Arista Networks | 233.08 Bn | 186.53 Bn | 1.91 Bn | 62.93% |
| 5 | Sandisk | 204.99 Bn | 193.51 Bn | 7.58 Bn | 84.57% |
| 6 | Seagate Technology Holdings | 151.41 Bn | 146.40 Bn | 1.90 Bn | 52.30% |
| 7 | Sony | 147.67 Bn | 84.93 Bn | 6.53 Bn | 36.70% |
| 8 | Western Digital | 122.89 Bn | 111.02 Bn | 2.03 Bn | 54.12% |
| 9 | Hewlett Packard Enterprise | 78.34 Bn | 56.22 Bn | 4.93 Bn | 40.34% |
| 10 | Lumentum Holdings | 64.86 Bn | 56.67 Bn | 477.30 Mn | 47.43% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 40.34% |
| Apr 30, 2026 | 36.87% |
| Jan 31, 2026 | 36.60% |
| Oct 31, 2025 | 32.46% |
| Jul 31, 2025 | 29.86% |
| Apr 30, 2025 | 29.38% |
| Jan 31, 2025 | 29.45% |
| Oct 31, 2024 | 20.12% |
| Jul 31, 2024 | 33.26% |
| Apr 30, 2024 | 34.69% |
| Jan 31, 2024 | 38.13% |
| Oct 31, 2023 | 25.10% |
| Jul 31, 2023 | 37.30% |
| Apr 30, 2023 | 37.32% |
| Jan 31, 2023 | 35.04% |
| Oct 31, 2022 | 33.73% |
| Jul 31, 2022 | 35.25% |
| Apr 30, 2022 | 57.78% |
| Jan 31, 2022 | 34.33% |
| Jul 31, 2021 | 35.28% |
Hewlett Packard Enterprise Gross Margin 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=gross-margin&ticker=HPE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=HPE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();