Sunday 1 November 2026 Export HPE’s income statement to Excel — free account

Hewlett Packard Enterprise Company

Hewlett Packard Enterprise Company’s revenue for fiscal 2025 (year ended October 2025) was $34.3 billion, up 13.8% from fiscal 2024.

Revenue: +33.7%
EPS: +438.1%
Free cash flow: +20.6%
Total debt: +2.90%

Quarter to July 2026, against a year earlier

55.09 3.78 −6.42%

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Market cap: $78.2B
P/E: 27.4×
Fwd P/E: 19.7×
Dividend yield: 1.03%
F-score: 2/9
Altman Z: 0.77
Beneish M: −2.33
Dividend safety: 36/100

Overview Business Profile Earnings & Analysis Segments Filings

Hewlett Packard Enterprise Company (HPE) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2024: revenue by segment, and margins
Server Segment	15,830	52.54%
Hybrid Cloud	5,273	17.50%
Networking	4,501	14.94%
Financial Services	3,509	11.65%
Corporate Investments and Other	1,014	3.37%
Gross margin		32.79%
Operating margin		7.27%
Pre-tax margin		9.80%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Products	21,956 64.02%	18,587 61.70%	18,100 62.12%	17,794 62.44%	17,011 61.23%	16,264 60.28%	18,170 62.36%	19,504 63.22%	17,597 60.95%
Services	11,573 33.74%	10,872 36.09%	10,488 36.00%	10,219 35.86%	10,279 37.00%	10,249 37.98%	10,507 36.06%	10,901 35.33%	10,878 37.68%
Other, not broken out	767 2.24%	668 2.22%	547 1.88%	483 1.69%	494 1.78%	469 1.74%	458 1.57%	447 1.45%	396 1.37%
Revenue	34,296	30,127	29,135	28,496	27,784	26,982	29,135	30,852	28,871

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Products	‡	‡	‡	‡	‡	‡	‡	‡	‡
Services	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
Server Segment	17,639 51.43%	15,830 52.54%	13,831 47.47%	15,137 53.12%	—	—	—	—	—	—	—	—	—
Networking	6,837 19.94%	4,501 14.94%	5,362 18.40%	3,849 13.51%	3,302 11.88%	2,872 10.64%	2,913 10.00%	3,013 9.77%	2,680 9.28%	2,674 8.83%	—	—	—
Hybrid Cloud	5,544 16.17%	5,273 17.50%	5,491 18.85%	5,173 18.15%	—	—	—	—	—	—	—	—	—
Financial Services	3,507 10.23%	3,509 11.65%	3,466 11.90%	3,326 11.67%	3,401 12.24%	3,352 12.42%	3,581 12.29%	3,671 11.90%	3,574 12.38%	3,190 10.54%	3,216 10.35%	3,498 6.35%	3,557 6.20%
Corporate Investments and Other	769 2.24%	1,014 3.37%	985 3.38%	1,011 3.55%	—	—	—	—	—	—	—	—	—
Compute	—	—	—	—	12,409 44.66%	12,274 45.49%	13,730 47.13%	15,142 49.08%	—	—	—	—	—
Storage	—	—	—	—	4,553 16.39%	4,589 17.01%	5,183 17.79%	5,054 16.38%	—	—	—	—	—
High Performance Computing and Artificial Intelligence	—	—	—	—	3,184 11.46%	3,102 11.50%	2,983 10.24%	—	—	—	—	—	—
Corporate Investments	—	—	—	—	1,356 4.88%	1,298 4.81%	1,288 4.42%	543 1.76%	554 1.92%	594 1.96%	684 2.20%	4 0.01%	8 0.01%
High Performance Compute and Mission Critical Systems	—	—	—	—	—	—	—	2,987 9.68%	—	—	—	—	—
Advisory and Professional Services	—	—	—	—	—	—	—	1,111 3.60%	—	—	—	—	—
Hybrid IT	—	—	—	—	—	—	—	—	22,939 79.45%	25,102 82.90%	—	—	—
Enterprise Group	—	—	—	—	—	—	—	—	—	—	28,511 91.74%	27,727 50.30%	27,989 48.79%
Enterprise Services	—	—	—	—	—	—	—	—	—	—	—	22,398 40.63%	24,080 41.97%
Software Services	—	—	—	—	—	—	—	—	—	—	—	3,933 7.13%	4,035 7.03%
Eliminations	—	—	—	—	(421) (1.52%)	(505) (1.87%)	(543) (1.86%)	(669) (2.17%)	(876) (3.03%)	(1,280) (4.23%)	(1,334) (4.29%)	(2,437) (4.42%)	(2,298) (4.01%)
Revenue	34,296	30,127	29,135	28,496	27,784	26,982	29,135	30,852	28,871	30,280	31,077	55,123	57,371

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
Networking	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Server Segment	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Financial Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Hybrid Cloud	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate Investments and Other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Compute	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Storage	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
High Performance Computing and Artificial Intelligence	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate Investments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
High Performance Compute and Mission Critical Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Advisory and Professional Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Hybrid IT	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Enterprise Group	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Software Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Enterprise Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
United States	13,402 39.08%	10,890 36.15%	10,369 35.59%	9,425 33.07%	8,850 31.85%	9,162 33.96%	9,582 32.89%	10,192 33.04%	10,022 34.71%	10,333 34.12%	9,589 30.86%	20,833 37.79%	22,533 39.28%
Europe, Middle East and Africa	11,510 33.56%	10,189 33.82%	10,151 34.84%	10,292 36.12%	10,329 37.18%	9,745 36.12%	10,828 37.16%	11,295 36.61%	10,024 34.72%	—	—	—	—
Asia Pacific and Japan	6,938 20.23%	6,703 22.25%	6,407 21.99%	6,815 23.92%	6,780 24.40%	6,375 23.63%	6,803 23.35%	7,230 23.43%	6,758 23.41%	—	—	—	—
Americas excluding United States	2,446 7.13%	2,345 7.78%	2,208 7.58%	1,964 6.89%	1,825 6.57%	1,700 6.30%	1,922 6.60%	2,135 6.92%	2,067 7.16%	—	—	—	—
Non-US	—	—	—	—	—	—	—	—	—	19,947 65.88%	21,488 69.14%	—	—
Other Countries	—	—	—	—	—	—	—	—	—	—	—	28,629 51.94%	29,098 50.72%
United Kingdom	—	—	—	—	—	—	—	—	—	—	—	5,661 10.27%	5,740 10.01%
Total Americas	15,848	13,235	12,577	11,389	10,675	10,862	11,504	12,327	12,089	—	—	—	—
Revenue	34,296	30,127	29,135	28,496	27,784	26,982	29,135	30,852	28,871	30,280	31,077	55,123	57,371

Gross profit by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013
Conflict Between Russian and Ukraine and Related Trade Sanctions	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Annualized revenue run-rate	Q4 FY2025	$3.2B	$1.9B	+68.42%
Net portfolio assets	Q4 FY2025	$13.2B	$13.6B	−2.94%
Remaining performance obligations	Q3 FY2026	$10.9B	$10.1B	+7.92%
Return on equity	Q4 FY2025	20.8%	17.0%	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019
Annualized revenue run-rate	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net portfolio assets	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.