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

Hewlett Packard Enterprise's (HPE) quarterly Operating Expenses came in at $8.8 billion in Q1 2026, up 19.0% year-on-year from $7.4 billion in Q1 2025, and down 8.84% quarter-over-quarter from $9.7 billion in Q4 2025.

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 $8.8 billion for Q1 2026.

  • Operating Expenses for Q1 2026 came in at $8.8 billion, up 19.0% year-over-year; the trailing twelve-month figure through Jan 2026 was $36.1 billion (up 24.08% YoY), and the FY2025 annual result was $34.7 billion, up 24.33% from the prior year.
  • Operating Expenses came in at $8.8 billion for Q1 2026 at Hewlett Packard Enterprise, down 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.
  • The 5-year median for Operating Expenses is $7.2 billion (2024), against an average of $7.4 billion.
  • Across the five-year window, Operating Expenses fell 16.64% in 2023 and rose 28.87% in 2025, its largest moves.
  • Hewlett Packard Enterprise's 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 dropped by 8.84% to $8.8 billion in 2026.
  • The last three Operating Expenses figures came in at $8.8 billion (Q1 2026), $9.7 billion (Q4 2025), and $8.9 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Cisco Systems 480.96 Bn 464.32 Bn 10.08 Bn 6.12 Bn
2 Ciena 69.17 Bn 67.87 Bn 625.52 Mn 436.11 Mn
3 Motorola Solutions 68.03 Bn 67.17 Bn 1.36 Bn 691.00 Mn
4 Hewlett Packard Enterprise 65.63 Bn 60.79 Bn 8.25 Bn 8.83 Bn
5 Lumentum Holdings 61.32 Bn 58.15 Bn 357.00 Mn 182.50 Mn
6 Ubiquiti 34.34 Bn 33.97 Bn 370.71 Mn 79.89 Mn
7 AST SpaceMobile 27.21 Bn 27.79 Bn -69.36 Mn 164.15 Mn
8 Applied Optoelectronics 13.45 Bn 13.01 Bn 43.92 Mn 56.91 Mn
9 Zebra Technologies 11.38 Bn 11.26 Bn 742.00 Mn 527.00 Mn
10 Viavi Solutions 10.76 Bn 10.75 Bn 234.10 Mn 209.30 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