Hewlett Packard Enterprise Company (HPE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.53	$0.79	+49.1%	—	$10.7B	—
Q1 26	$0.59	$0.65	+10.2%	—	$9.3B	—
Q4 25	$0.58	$0.62	+6.9%	—	$9.7B	—
Q3 25	$0.42	$0.44	+4.8%	—	$9.1B	—
Q2 25	$0.33	$0.38	+15.2%	—	$7.6B	—
Q1 25	$0.5	$0.49	-2.0%	—	$7.9B	—
Q4 24	$0.56	$0.58	+3.6%	—	$8.5B	—
Q3 24	$0.47	$0.5	+6.4%	—	$7.7B	—
Q2 24	$0.39	$0.42	+7.7%	—	$7.2B	—
Q1 24	$0.45	$0.48	+6.7%	—	$6.8B	—
Q4 23	$0.5	$0.52	+4.0%	—	$7.4B	—
Q3 23	$0.47	$0.49	+4.3%	—	$7B	—
Q2 23	$0.48	$0.52	+8.3%	—	$7B	—
Q1 23	$0.54	$0.63	+16.7%	—	$7.8B	—
Q4 22	$0.56	$0.57	+1.8%	—	$7.9B	—
Q3 22	$0.48	$0.48	0.0%	—	$7B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$0.04	—	—	$34.3B	—
FY24	—	$1.95	—	—	$30.1B	—
FY23	—	$1.56	—	—	$29.1B	—
FY22	—	$0.67	—	—	$28.5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$30.3B	$28.9B	$30.9B	$29.1B	$27B	$27.8B	$28.5B	$29.1B	$30.1B	$34.3B
YoY change	-2.56%	-4.65%	+6.86%	-5.57%	-7.39%	+2.97%	+2.56%	+2.24%	+3.4%	+13.8%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	30.3B	28.9B	30.9B	29.1B	27B	27.8B	28.5B	29.1B	30.1B	34.3B
Cost of revenue	20.5B	20.2B	21.6B	19.6B	18.5B	18.4B	19B	18.9B	20.2B	23.9B
Gross profit	9.8B	8.7B	9.2B	9.5B	8.5B	9.4B	9.5B	10.2B	9.9B	10.4B
Gross margin	32.3%	30%	29.9%	32.6%	31.4%	33.7%	33.4%	35.1%	32.8%	30.3%
Research & development	1.7B	1.5B	1.7B	1.8B	1.9B	2B	2B	2.3B	2.2B	2.5B
Selling, general & administrative	5.4B	5B	4.9B	4.9B	4.6B	4.9B	4.9B	5.2B	4.9B	5.7B
Operating expenses	7.1B	6.5B	6.6B	6.7B	6.5B	6.9B	7B	7.5B	7.1B	8.2B
Operating income	2.4B	1.8B	2.3B	2.5B	1.6B	2.1B	2.2B	2.4B	2.5B	1.6B
Operating margin	7.95%	6.39%	7.61%	8.5%	5.9%	7.61%	7.82%	8.38%	8.28%	4.79%
Non-operating income, net	1.7B	-1.2B	-1.8B	-747M	-1.8B	1.7B	-1.2B	-108M	576M	-1.8B
Pretax income	3.9B	272M	268M	1.6B	-442M	3.6B	876M	2.2B	3B	-285M
Income tax	623M	-164M	-1.7B	504M	-120M	160M	8M	205M	374M	-342M
Net income	3.2B	344M	1.9B	1B	-322M	3.4B	868M	2B	2.6B	57M
Net margin	10.4%	1.19%	6.18%	3.6%	-1.19%	12.3%	3.05%	6.95%	8.56%	0.17%
EBITDA	4.7B	6.2B	5.5B	6.2B	6.1B	3.3B	4.9B	5.3B	4.6B	6.2B
EPS	1.84	0.21	1.25	0.78	-0.25	2.62	0.67	1.56	1.95	-0.04
Diluted EPS	1.82	0.21	1.23	0.77	-0.25	2.58	0.66	1.54	1.93	-0.04

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	7.4B	6.8B	7.2B	7.7B	8.5B	7.9B	7.6B	9.1B	9.7B	9.3B	10.7B	12.2B
Cost of revenue	4.8B	4.3B	4.8B	5.3B	5.9B	5.6B	5.5B	6.5B	6.4B	6B	6.8B	7.3B
Gross profit	2.6B	2.5B	2.4B	2.4B	2.6B	2.3B	2.2B	2.7B	3.2B	3.3B	3.9B	4.9B
Gross margin	34.8%	36.4%	33%	31.6%	30.8%	29.2%	28.4%	29.2%	33.5%	35.9%	36.5%	40.1%
Research & development	578M	582M	590M	547M	527M	475M	540M	622M	881M	744M	922M	1.2B
Selling, general & administrative	1.3B	1.2B	1.2B	1.2B	1.2B	1.3B	1.3B	1.5B	1.6B	1.7B	1.8B	2B
Operating expenses	1.9B	1.8B	1.8B	1.8B	1.7B	1.7B	1.8B	2.1B	2.5B	2.4B	2.8B	3.1B
Operating income	577M	588M	504M	603M	799M	514M	294M	428M	408M	587M	825M	1.5B
Operating margin	7.85%	8.7%	7%	7.82%	9.45%	6.54%	3.85%	4.68%	4.22%	6.31%	7.73%	12%
Non-operating income, net	-1M	-17M	-37M	17M	613M	180M	-1.4B	-148M	-408M	-100M	-53M	373M
Pretax income	549M	483M	445M	608M	1.4B	733M	-1B	288M	-261M	433M	699M	1.8B
Income tax	-93M	96M	131M	96M	51M	106M	5M	-17M	-436M	-19M	75M	222M
Net income	642M	387M	314M	512M	1.4B	627M	-1.1B	305M	175M	452M	624M	1.5B
Net margin	8.73%	5.73%	4.36%	6.64%	16.2%	7.98%	-13.8%	3.34%	1.81%	4.86%	5.84%	12.6%
EBITDA	1.3B	1.3B	1.2B	1.3B	812M	950M	2.3B	1.3B	1.7B	1.6B	1.8B	2B
EPS	0.5	0.3	0.24	0.39	1.02	0.45	-0.82	0.21	0.11	0.32	0.45	1.13
Diluted EPS	0.49	0.29	0.24	0.38	0.99	0.44	-0.82	0.21	0.11	0.31	0.44	1.06

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	22.4B	22.9B	23.3B	—	11.2B	19.2B	18.6B	20B	25.5B	32.3B	83.1B
Enterprise value	25.1B	27.4B	30.6B	—	24B	29.8B	27.9B	29.2B	30.5B	50.6B	97.7B
Shares outstanding	1.7B	1.6B	1.5B	1.4B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B	1.3B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	7.09	66.6	12.2	—	—	5.6	21.4	9.87	9.89	567.2	32.1
P/S	0.74	0.79	0.76	—	0.41	0.69	0.65	0.69	0.85	0.94	1.97
P/B	0.71	0.97	1.1	—	0.69	0.96	0.93	0.94	1.03	1.31	3.12
EV/EBITDA	5.36	4.43	5.52	—	3.91	8.9	5.67	5.51	6.59	8.15	14.2
EV/Sales	0.83	0.95	0.99	—	0.89	1.07	0.98	1	1.01	1.48	2.33
Earnings yield	14.1%	1.5%	8.18%	—	—	17.9%	4.67%	10.1%	10.1%	0.18%	3.12%
FCF yield	7.93%	-7.86%	0.03%	—	-1.28%	17.6%	7.91%	8.01%	7.74%	1.94%	5.7%
PEG	—	—	—	—	—	—	—	—	—	—	0.07

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	32.3%	30%	29.9%	32.6%	31.4%	33.7%	33.4%	35.1%	32.8%	30.3%	40.1%
Operating margin	7.95%	6.39%	7.61%	8.5%	5.9%	7.61%	7.82%	8.38%	8.28%	4.79%	12.6%
Net margin	10.4%	1.19%	6.18%	3.6%	-1.19%	12.3%	3.05%	6.95%	8.56%	0.17%	6.67%
ROE	10%	1.46%	8.97%	6.12%	-2%	17.1%	4.36%	9.53%	10.4%	0.23%	10.9%
ROA	3.97%	0.56%	3.44%	2.02%	-0.6%	5.94%	1.52%	3.54%	3.62%	0.08%	2.64%
ROIC	5.9%	6.6%	8.23%	6.15%	5.51%	6.6%	7.55%	7.27%	7.3%	3.82%	8.09%
Return on tangible assets	6.86%	1.42%	10.1%	8.11%	-2.04%	18%	4.16%	10.2%	7.57%	0.36%	11.3%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.28	1.13	1	0.79	0.88	0.91	0.88	0.87	1.29	1.01	1.11
Quick ratio	1.21	1.01	0.86	0.67	0.74	0.69	0.66	0.66	0.99	0.76	0.72
Debt / equity	0.5	0.6	0.57	0.81	1.06	0.73	0.68	0.64	0.8	0.97	0.76
Debt / assets	0.2	0.23	0.22	0.27	0.32	0.25	0.24	0.24	0.28	0.32	0.24
Net debt / EBITDA	0.58	0.72	1.31	1.62	2.08	3.17	1.89	1.74	1.07	2.95	2
Interest coverage	—	—	—	14	7.4	10	8.24	22.4	21.3	—	—
Effective tax rate	16.1%	0%	0%	32.5%	0%	4.46%	0.91%	9.19%	12.7%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	17.7	17.5	20.2	21.5	20.9	21.2	21.9	22.4	23	25.9	31.4
EPS (basic)	1.84	0.21	1.25	0.78	-0.25	2.62	0.67	1.56	1.95	-0.04	-0.04
EPS (diluted)	1.82	0.21	1.23	0.77	-0.25	2.58	0.66	1.54	1.93	-0.04	1.94
Book value per share	18.4	14.3	13.9	12.7	12.4	15.3	15.3	16.3	19	18.7	20
FCF per share	1.04	-1.09	0.01	0.84	-0.11	2.57	1.13	1.23	1.51	0.47	2.87
Cash per share	7.57	5.82	3.19	2.77	3.27	3.05	3.19	3.29	11.3	4.36	4.68
Capex per share	1.65	1.49	1.22	1.67	1.3	1.64	1.93	1.71	1.53	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	9.35%	8.51%	6.04%	7.75%	6.23%	7.73%	8.84%	7.64%	6.63%	—	—
Capex / operating cash flow	42.9%	114.3%	24.1%	44.8%	107.1%	34.1%	69.5%	48.9%	40.1%	—	—
Payout ratio	11.8%	124.4%	29.9%	58%	-191.9%	18.2%	71.5%	30.6%	26.2%	1.4K%	28.7%
Dividend yield	1.67%	1.87%	2.44%	—	5.53%	3.26%	3.34%	3.1%	2.65%	2.46%	0.91%

Yield

0.91%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.143

ex-dividend Sep 17, 2026

Payout ratio

29%

of earnings

Dividend growth

3 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 17, 2026	$0.143
Jun 16, 2026	$0.143
Mar 24, 2026	$0.143
Dec 19, 2025	$0.143
Sep 18, 2025	$0.13
Jun 18, 2025	$0.13

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$7.4B	$6.8B	$7.2B	$7.7B	$8.5B	$7.9B	$7.6B	$9.1B	$9.7B	$9.3B	$10.7B	$12.2B
YoY change	-6.61%	-13.5%	+3.31%	+10.1%	+15.1%	+16.3%	+5.87%	+18.5%	+14.4%	+18.4%	+40%	+33.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	13B	9.6B	4.9B	3.8B	4.2B	4B	4.2B	4.3B	14.8B	5.8B
Receivables	3B	2.9B	3.1B	2.8B	3.2B	3.8B	3.9B	3.3B	3.2B	4.9B
Inventory	1.7B	2.3B	2.4B	2.4B	2.7B	4.5B	5.2B	4.6B	7.8B	6.4B
Total current assets	28.9B	21.4B	17.3B	15.1B	16.6B	18.9B	20.5B	18.9B	33.5B	25B
Property, plant & equipment	2.9B	3.9B	4B	3.9B	4.7B	4.7B	5.1B	5.4B	5.4B	5.5B
Goodwill & intangibles	33.5B	37.1B	36.7B	38.9B	38.2B	38.7B	36.3B	37.3B	37.2B	60.3B
Total assets	79.6B	61.4B	55.5B	51.8B	54B	57.7B	57.1B	57.2B	71.3B	75.9B
Accounts payable	4.9B	6.1B	6.1B	5.6B	5.4B	7B	8.7B	7.1B	11.1B	7.7B
Short-term debt	3.5B	3.9B	2B	4.4B	3.9B	3.7B	4.8B	5.1B	5B	4.9B
Total current liabilities	22.5B	18.9B	17.2B	19.2B	18.7B	20.7B	23.2B	21.9B	26B	24.6B
Long-term debt	12.2B	10.2B	10.1B	9.4B	13.1B	10.8B	8.7B	8.5B	14.8B	19.2B
Total liabilities	48.1B	37.9B	34.2B	34.7B	37.9B	37.7B	37.2B	35.9B	46.4B	51.2B
Shareholders' equity	31.5B	23.5B	21.3B	17.1B	16.1B	20B	19.9B	21.2B	24.9B	24.8B
Total debt	15.7B	14B	12.1B	13.8B	17B	14.6B	13.5B	13.5B	19.8B	24.1B
Net debt	2.7B	4.5B	7.3B	10.1B	12.8B	10.6B	9.3B	9.2B	5B	18.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	4.3B	3.8B	2.7B	3.6B	14.8B	13.4B	11.7B	4.6B	5.8B	4.8B	5.3B	6.2B
Receivables	3.3B	3.5B	3.6B	3.6B	3.2B	3.2B	3.6B	5.3B	4.9B	4.6B	5.9B	5.8B
Inventory	4.6B	6B	7.3B	7.7B	7.8B	8.6B	8.1B	7.2B	6.4B	6.9B	9B	11.8B
Total current assets	18.9B	20.2B	21.4B	22.4B	33.5B	33B	31.6B	26B	25B	25.2B	29.4B	33.9B
Property, plant & equipment	5.4B	4.5B	4.3B	4.1B	5.4B	3.7B	3.7B	4B	5.5B	3.9B	3.7B	3.8B
Goodwill & intangibles	37.3B	37.1B	37B	36.9B	37.2B	37.2B	34.5B	60.8B	60.3B	59.9B	59.3B	58.9B
Total assets	57.2B	58.6B	59.7B	60.9B	71.3B	70.3B	67.9B	77.3B	75.9B	75.8B	79.5B	83.6B
Accounts payable	7.1B	8.1B	10.1B	10.1B	11.1B	10.7B	9.3B	8.7B	7.7B	8.4B	11.3B	13.7B
Short-term debt	5.1B	5B	3.8B	3.9B	5B	4.6B	5.2B	6.8B	4.9B	3.9B	3B	2.9B
Total current liabilities	21.9B	22.6B	23.8B	23.9B	26B	24.9B	24.5B	27.3B	24.6B	24.4B	27B	30.4B
Long-term debt	8.5B	7.8B	7.5B	7.9B	14.8B	13.3B	12.4B	16.9B	19.2B	17.7B	18.2B	17.3B
Total liabilities	35.9B	37.1B	38B	38.7B	46.4B	45B	43.9B	52.9B	51.2B	50.9B	54.2B	57B
Shareholders' equity	21.2B	21.5B	21.7B	22.1B	24.9B	25.3B	23.9B	24.5B	24.8B	24.8B	25.4B	26.6B
Total debt	13.5B	12.8B	11.3B	11.8B	19.8B	17.9B	17.5B	23.7B	24.1B	21.6B	21.2B	20.2B
Net debt	9.2B	9B	8.6B	8.2B	5B	4.4B	5.9B	19.1B	18.3B	16.8B	16B	14B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	3.2B	344M	1.9B	1B	-322M	3.4B	868M	2B	2.6B	57M
Depreciation & amortization	3.8B	3.1B	2.6B	2.5B	2.6B	2.6B	2.5B	2.6B	2.6B	2.7B
Stock-based compensation	558M	428M	286M	268M	274M	382M	391M	428M	430M	643M
Change in working capital	-983M	-2.1B	324M	-311M	-1.6B	-770M	-386M	-723M	-714M	-2.4B
Operating cash flow	6.6B	2.1B	7.7B	5B	1.6B	6.3B	3.6B	4.6B	5B	2.9B
Capital expenditure	-2.8B	-2.5B	-1.9B	-2.3B	-1.7B	-2.1B	-2.5B	-2.2B	-2B	—
Investing cash flow	419M	-5.3B	-1.9B	-3.5B	-2.6B	-2.8B	-2.1B	-3.3B	-53M	-11.3B
Dividends paid	-373M	-428M	-570M	-608M	-618M	-625M	-621M	-619M	-676M	-796M
Share repurchases	-2.7B	-2.6B	-3.6B	-2.2B	-355M	-213M	-512M	-421M	-150M	-202M
Financing cash flow	-2.4B	56M	-5.7B	-1.6B	919M	-3.3B	-1.7B	-1.3B	6.4B	1.3B
Net change in cash	4.6B	-3.1B	127M	-8M	-90M	160M	-202M	12M	11.3B	-7B
Free cash flow	1.8B	-1.8B	8M	1.1B	-143M	3.4B	1.5B	1.6B	2B	627M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	642M	387M	314M	512M	1.4B	627M	-1.1B	305M	175M	452M	624M	1.5B
Depreciation & amortization	655M	657M	642M	625M	640M	599M	574M	687M	877M	872M	877M	864M
Stock-based compensation	71M	141M	120M	80M	89M	154M	116M	177M	196M	216M	218M	165M
Change in working capital	1.4B	-1.2B	-96M	-85M	620M	-1.7B	-1.5B	49M	830M	-469M	-596M	-588M
Operating cash flow	2.8B	89M	1.1B	1.2B	2.6B	-306M	-1.9B	1.3B	2.5B	1.2B	1.4B	1.6B
Capital expenditure	-420M	-560M	-438M	-481M	-518M	-444M	-467M	—	—	—	—	—
Investing cash flow	-98M	-740M	-367M	-473M	1.5B	-23M	-989M	-12.1B	939M	-290M	253M	1.5B
Dividends paid	-154M	-169M	-169M	-169M	-169M	-196M	-200M	-200M	-200M	-219M	-218M	-218M
Share repurchases	-55M	-3M	-45M	-52M	-50M	-52M	-50M	0	-100M	-158M	-154M	-135M
Financing cash flow	-1.2B	147M	-1.7B	279M	6.2B	-628M	-693M	4.3B	-1.6B	-1.2B	-729M	-1.3B
Net change in cash	1.5B	-504M	-1B	988M	10.4B	-957M	-3.6B	-6.5B	1.8B	-291M	934M	1.8B
Free cash flow	2.2B	-592M	533M	611M	1.4B	-918M	-1B	729M	1.8B	609M	827M	896M

Date	Ratio
Sep 1, 2017	1289:1000
Apr 3, 2017	13348:10000

Hewlett Packard Enterprise Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history