Hewlett Packard Enterprise (HPE) Operating Expenses (2015 - 2026)
Hewlett Packard Enterprise's (HPE) quarterly Operating Expenses came in at $10.8 billion in Q3 2026, up 21.72% year-over-year from $8.9 billion in Q3 2025, and up 8.95% quarter-over-quarter from $9.9 billion in Q2 2026.
Analysis
Hewlett Packard Enterprise (HPE) Operating Expenses (2015 - 2026) Analysis & Trends
Hewlett Packard Enterprise has disclosed Operating Expenses across 12 years of filings, most recently posting $10.8 billion for Q3 2026.
- In Q3 2026, Operating Expenses rose 21.72% year-over-year to $10.8 billion; the TTM figure through Jul 2026 stood at $39.3 billion (up 19.68% YoY), while the FY2025 annual figure was $34.7 billion, up 24.33% from the prior year.
- Operating Expenses came in at $10.8 billion for Q3 2026 at Hewlett Packard Enterprise, up from $9.9 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $10.8 billion in Q3 2026 to a low of $6.2 billion in Q1 2024.
- Average Operating Expenses over 5 years is $7.7 billion, with a median of $7.2 billion recorded in 2023.
- Year-over-year, Operating Expenses retreated 16.64% in 2023 and gained 28.87% in 2025.
- Over 5 years, 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 climbed by 11.7% to $10.8 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $10.8 billion in Q3 2026, $9.9 billion in Q2 2026, and $8.8 billion in Q1 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 340.03 Bn | 328.45 Bn | 7.78 Bn | 4.13 Bn |
| 2 | Sandisk | 254.04 Bn | 249.28 Bn | 7.58 Bn | 545.00 Mn |
| 3 | Arista Networks | 244.37 Bn | 231.03 Bn | 1.91 Bn | 532.30 Mn |
| 4 | Seagate Technology Holdings | 192.61 Bn | 190.91 Bn | 1.90 Bn | 2.07 Bn |
| 5 | Western Digital | 168.75 Bn | 167.17 Bn | 2.03 Bn | 465.00 Mn |
| 6 | Hewlett Packard Enterprise | 69.08 Bn | 62.86 Bn | 4.93 Bn | 10.82 Bn |
| 7 | NetApp | 36.45 Bn | 32.88 Bn | 1.42 Bn | 935.00 Mn |
| 8 | Everpure | 33.13 Bn | 32.12 Bn | 811.39 Mn | 748.23 Mn |
| 9 | Super Micro Computer | 26.01 Bn | 18.48 Bn | 1.94 Bn | 454.57 Mn |
| 10 | Penguin Solutions | 2.65 Bn | 2.41 Bn | 133.21 Mn | 82.35 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 10.82 Bn |
| Apr 30, 2026 | 9.93 Bn |
| 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 |