Hewlett Packard Enterprise (HPE) Operating Expenses (2015 - 2026)
Hewlett Packard Enterprise (HPE) posted Operating Expenses of $8.8 billion for Q1 2026, down 8.84% sequentially from $9.7 billion in Q4 2025, and up 19.0% YoY from $7.4 billion in Q1 2025.
Hewlett Packard Enterprise (HPE) Operating Expenses (2015 - 2026) Analysis & Trends
Hewlett Packard Enterprise has reported Operating Expenses for 12 years, with the latest figure at $8.8 billion in Q1 2026.
- Quarterly Operating Expenses rose 19.0% year-over-year to $8.8 billion in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $36.1 billion (up 24.08% YoY) and the FY2025 annual result came in at $34.7 billion, up 24.33% from the prior year.
- Operating Expenses declined to $8.8 billion in Q1 2026 per HPE's latest filing, from $9.7 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $9.7 billion in Q4 2025 and troughed at $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.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses decreased 16.64% in 2023, then advanced 28.87% in 2025.
- Over 5 years, Operating Expenses stood at $8.2 billion in 2022, then decreased by 16.64% to $6.8 billion in 2023, then gained by 13.46% to $7.8 billion in 2024, then gained by 24.75% to $9.7 billion in 2025, then fell by 8.84% to $8.8 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $8.8 billion, $9.7 billion, and $8.9 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 440.02 Bn | 423.38 Bn | 10.08 Bn | 6.12 Bn |
| 2 | Hewlett Packard Enterprise | 77.69 Bn | 72.40 Bn | 3.94 Bn | 9.93 Bn |
| 3 | Motorola Solutions | 77.25 Bn | 76.56 Bn | 1.68 Bn | 756.00 Mn |
| 4 | Lumentum Holdings | 66.40 Bn | 63.23 Bn | 357.00 Mn | 182.50 Mn |
| 5 | Nokia | 61.84 Bn | 54.37 Bn | 10.09 Bn | -1.02 Bn |
| 6 | Ciena | 60.71 Bn | 59.51 Bn | 691.55 Mn | 453.68 Mn |
| 7 | Ubiquiti | 34.65 Bn | 34.28 Bn | 370.71 Mn | 79.89 Mn |
| 8 | Ericsson Lm Telephone | 34.62 Bn | 28.92 Bn | 2.58 Bn | -1.95 Bn |
| 9 | AST SpaceMobile | 27.62 Bn | 28.12 Bn | 9.12 Mn | 329.10 Mn |
| 10 | Zebra Technologies | 17.79 Bn | 17.63 Bn | 825.00 Mn | 504.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 31, 2021 | 6.62 Bn |