Hewlett Packard Enterprise (HPE) Operating Expenses (2015 - 2026)

Hewlett Packard Enterprise (HPE) reported Operating Expenses of $8.8 billion for Q1 2026, up 19.0% on a YoY basis from $7.4 billion in Q1 2025, and down 8.84% sequentially from $9.7 billion in Q4 2025.

Hewlett Packard Enterprise (HPE) Operating Expenses (2015 - 2026) Analysis & Trends

Hewlett Packard Enterprise (HPE) has 12 years of Operating Expenses data on file, last reported at $8.8 billion in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 19.0% year-over-year to $8.8 billion; the trailing twelve-month figure through Jan 2026 stood at $36.1 billion (up 24.08% YoY), and the FY2025 full-year result was $34.7 billion, up 24.33% from the prior year.
  • Operating Expenses declined to $8.8 billion in Q1 2026, 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.
  • A 5-year average of $7.4 billion and a median of $7.2 billion in 2024 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses fell 16.64% in 2023 and rose 28.87% in 2025, its largest moves.
  • Tracing HPE's Operating Expenses over 5 years: stood at $8.2 billion in 2022, then declined by 16.64% to $6.8 billion in 2023, then grew by 13.46% to $7.8 billion in 2024, then grew by 24.75% to $9.7 billion in 2025, then slipped by 8.84% to $8.8 billion in 2026.
  • Business Quant data shows HPE's Operating Expenses at $8.8 billion in Q1 2026, $9.7 billion in Q4 2025, and $8.9 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Cisco Systems 444.27 Bn 427.63 Bn 10.08 Bn 6.12 Bn
2 Motorola Solutions 68.42 Bn 67.56 Bn 1.36 Bn 691.00 Mn
3 Hewlett Packard Enterprise 63.57 Bn 58.72 Bn 9.10 Bn 8.83 Bn
4 Lumentum Holdings 59.61 Bn 56.43 Bn 357.00 Mn 182.50 Mn
5 Ciena 57.62 Bn 56.33 Bn 625.52 Mn 436.11 Mn
6 Nokia 52.70 Bn 45.22 Bn 9.86 Bn -992.30 Mn
7 Ubiquiti 32.00 Bn 31.63 Bn 370.71 Mn 79.89 Mn
8 AST SpaceMobile 17.20 Bn 17.78 Bn 3.67 Mn 164.15 Mn
9 Zebra Technologies 12.59 Bn 12.48 Bn 742.00 Mn 527.00 Mn
10 Viasat 10.14 Bn 8.46 Bn 615.36 Mn 295.67 Mn

Historic Data

Download Data
DateValue
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