Hewlett Packard Enterprise Company (HPE) Income Statement
HPE FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsHPE revenue and net income
Where HPE's revenue goes
FY2025Each bar shows an amount and its share of revenue. HPE kept 0.2% of revenue as net income.
HPE profit margins
HPE growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.1% | +6.9% | +4.9% | −4.0% |
| Gross profit | +3.3% | +3.8% | +4.1% | −3.3% |
| Operating income | −32.5% | −3.7% | +1.1% | −6.5% |
| Net income | −97.8% | −59.7% | — | −31.4% |
| EPS (diluted) | −2.5% | −1.5% | +7.4% | +14.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HPE quarterly EPS vs estimates
Hewlett Packard Enterprise beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: December 3, 2026 (estimate $1.16).
HPE income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.30B | $30.07B | $29.11B | $28.11B | $27.86B | $26.94B | $28.90B | $30.88B | $28.94B | $30.33B |
| Cost of revenue | $24.43B | $20.52B | $19.18B | $19.28B | $18.76B | $18.89B | $19.91B | $21.91B | $20.50B | $20.78B |
| Gross profit | $9.87B | $9.55B | $9.92B | $8.82B | $9.10B | $8.05B | $8.99B | $8.96B | $8.44B | $9.55B |
| Research & development | $2.52B | $2.25B | $2.35B | $2.04B | $1.98B | $1.87B | $1.84B | $1.66B | $1.49B | $2.30B |
| Sales, general & admin | $5.70B | $4.87B | $5.16B | $4.94B | $4.93B | $4.62B | $4.91B | $4.92B | $5.01B | $5.38B |
| Total operating expenses | $8.22B | $7.12B | $7.51B | $6.99B | $6.91B | $6.50B | $6.75B | $6.59B | $6.43B | $7.09B |
| Operating income | $1.64B | $2.44B | $2.41B | $1.84B | $2.19B | $1.55B | $2.24B | $2.37B | $2.01B | $2.46B |
| Interest income | $96.0M | $30.0M | $89.0M | $27.0M | $31.0M | $148.0M | $157.0M | $236.0M | $350.0M | $360.0M |
| Interest expense | $175.0M | $117.0M | $104.0M | $1.04B | $138.0M | $256.0M | $315.0M | $290.0M | $497.0M | $298.0M |
| Income before taxes | −$285.0M | $2.95B | $2.23B | $876.0M | $3.59B | −$442.0M | $1.55B | $268.0M | $272.0M | $4.08B |
| Income taxes | −$342.0M | $374.0M | $205.0M | $8.0M | $160.0M | −$120.0M | $504.0M | −$1.74B | −$164.0M | $623.0M |
| Net income | $57.0M | $2.58B | $2.02B | $868.0M | $3.43B | −$322.0M | $1.05B | $1.91B | $344.0M | $3.16B |
| EBITDA | $2.63B | $5.56B | $4.85B | $4.40B | $6.32B | $2.44B | $4.40B | $3.13B | $3.82B | $7.93B |
| EPS (diluted) | $1.93 | $1.98 | $2.16 | $2.02 | $1.97 | $1.35 | $1.78 | $1.57 | $1.40 | $1.93 |
| Gross margin | 28.8% | 31.8% | 34.1% | 31.4% | 32.7% | 29.9% | 31.1% | 29.0% | 29.2% | 31.5% |
| Operating margin | 4.8% | 8.1% | 8.3% | 6.5% | 7.9% | 5.8% | 7.8% | 7.7% | 7.0% | 8.1% |
| Net margin | 0.2% | 8.6% | 7.0% | 3.1% | 12.3% | −1.2% | 3.6% | 6.2% | 1.2% | 10.4% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.21B | $10.68B | $9.30B | $9.70B | $9.20B | $7.59B | $7.81B | $8.48B | $7.67B | $7.18B | $6.73B | $7.33B |
| Cost of revenue | $7.31B | $6.78B | $5.96B | $6.75B | $6.59B | $5.50B | $5.60B | $5.92B | $5.33B | $4.89B | $4.37B | $4.86B |
| Gross profit | $4.90B | $3.90B | $3.34B | $2.95B | $2.61B | $2.09B | $2.21B | $2.56B | $2.34B | $2.29B | $2.36B | $2.47B |
| Research & development | $1.16B | $922.0M | $744.0M | $881.0M | $622.0M | $540.0M | $475.0M | $527.0M | $547.0M | $590.0M | $582.0M | $578.0M |
| Sales, general & admin | $1.96B | $1.83B | $1.70B | $1.64B | $1.50B | $1.30B | $1.27B | $1.21B | $1.23B | $1.22B | $1.22B | $1.33B |
| Total operating expenses | $3.51B | $3.15B | $2.44B | $2.52B | $2.12B | $1.84B | $1.74B | $1.74B | $1.78B | $1.80B | $1.80B | $1.91B |
| Operating income | $1.39B | $747.0M | $898.0M | $425.0M | $494.0M | $255.0M | $470.0M | $823.0M | $566.0M | $482.0M | $564.0M | $560.0M |
| Interest income | — | — | $37.0M | $256.0M | $8.0M | $64.0M | $58.0M | $9.0M | — | — | — | — |
| Interest expense | — | $73.0M | $54.0M | $9.0M | $2.0M | — | $182.0M | $22.0M | $12.0M | $172.0M | $88.0M | $324.0M |
| Income before taxes | $1.76B | $699.0M | $433.0M | −$261.0M | $288.0M | −$1.04B | $733.0M | $1.42B | $608.0M | $445.0M | $483.0M | $549.0M |
| Income taxes | $222.0M | $75.0M | $19.0M | −$436.0M | −$17.0M | $5.0M | $106.0M | $51.0M | $96.0M | $131.0M | $96.0M | −$93.0M |
| Net income | $1.54B | $624.0M | $452.0M | $175.0M | $305.0M | −$1.05B | $627.0M | $1.37B | $512.0M | $314.0M | $387.0M | $642.0M |
| EBITDA | $2.63B | $1.65B | $1.37B | $607.0M | $977.0M | −$471.0M | $1.51B | $2.08B | $1.23B | $1.26B | $1.14B | $1.53B |
| EPS (diluted) | $1.02 | $0.79 | $0.65 | $0.62 | $0.44 | $0.38 | $0.49 | $0.58 | $0.50 | $0.42 | $0.48 | $0.52 |
| Gross margin | 40.1% | 36.5% | 35.9% | 30.4% | 28.4% | 27.6% | 28.3% | 30.2% | 30.5% | 31.8% | 35.1% | 33.7% |
| Operating margin | 11.4% | 7.0% | 9.7% | 4.4% | 5.4% | 3.4% | 6.0% | 9.7% | 7.4% | 6.7% | 8.4% | 7.6% |
| Net margin | 12.6% | 5.8% | 4.9% | 1.8% | 3.3% | −13.8% | 8.0% | 16.1% | 6.7% | 4.4% | 5.7% | 8.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HPE's financial statements (latest annual report filed December 18, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HPE financial results
In fiscal year 2025 (ended October 31, 2025), Hewlett Packard Enterprise reported revenue of $34.3 billion, up 14.1% from the year before. It had net income of $57.0 million (down 97.8%), a net profit margin of 0.2%. Diluted earnings per share came to $1.93. Over five years revenue grew at an average rate of 4.9% a year.
See the HPE stock overview for the latest quote and news, or the HPE chart for price history and technical indicators.
HPE income statement FAQ
What is Hewlett Packard Enterprise's annual revenue?
Hewlett Packard Enterprise reported total revenue of $34.3 billion for fiscal year 2025, which ended on October 31, 2025. That was up 14.1% from $30.1 billion the previous year.
Is Hewlett Packard Enterprise profitable?
Yes. Hewlett Packard Enterprise reported net income of $57.0 million in fiscal 2025, a net profit margin of 0.2%; its operating margin was 4.8%.
What is Hewlett Packard Enterprise's gross margin?
Hewlett Packard Enterprise's gross margin was 28.8% in fiscal 2025: for every $100 of revenue, Hewlett Packard Enterprise kept $29 after the direct cost of its products and services.
How much does Hewlett Packard Enterprise spend on research and development?
Hewlett Packard Enterprise spent $2.5 billion on research and development in fiscal 2025, 7.3% of revenue.
How fast is Hewlett Packard Enterprise growing?
Revenue grew 4.9% a year on average over the last five fiscal years, from $26.9 billion to $34.3 billion.
What are Hewlett Packard Enterprise's earnings per share?
Hewlett Packard Enterprise earned $1.93 per diluted share in fiscal 2025, compared with $1.98 a year earlier.
When will Hewlett Packard Enterprise report its next earnings?
Hewlett Packard Enterprise is expected to report results for the quarter ending October 31, 2026 on December 3, 2026 after the market closes.
When does Hewlett Packard Enterprise's fiscal year end?
Hewlett Packard Enterprise's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on December 18, 2025.