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| Date | Value |
|---|---|
| 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 |