Hewlett Packard Enterprise (HPE) Financials

$34.12 +2.05 (+6.38%)

Closing price 03:59 PM Eastern

Extended Trading

$34.27 +0.15 (+0.45%)

As of 08:00 PM Eastern

Annual Income Statements for Hewlett Packard Enterprise

This table shows Hewlett Packard Enterprise's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Net Income / (Loss) Attributable to Common Shareholders	2,461	3,161	344	1,908	1,049	-322	3,427	868	2,025	2,554	484
Consolidated Net Income / (Loss)	2,461	3,161	344	1,908	1,049	-322	3,427	868	2,025	2,579	484
Net Income / (Loss) Continuing Operations	2,640	3,237	436	2,012	1,049	-322	3,427	868	2,025	2,579	484
Total Pre-Tax Income	1,935	3,860	272	268	1,553	-442	3,587	876	2,230	2,953	-285
Total Operating Income	1,946	3,903	564	1,737	1,274	-329	1,132	782	2,089	2,190	-437
Total Gross Profit	10,064	9,773	8,934	9,509	9,790	8,469	9,376	9,816	10,239	9,878	10,877
Total Revenue	31,077	30,280	28,871	30,852	29,135	26,982	27,784	28,496	29,135	30,127	34,296
Operating Revenue	31,077	30,280	28,871	30,852	29,135	26,982	27,784	28,496	29,135	30,127	34,296
Total Cost of Revenue	21,013	20,507	19,937	21,343	19,345	18,513	18,408	18,680	18,896	20,249	23,419
Operating Cost of Revenue	21,013	20,507	19,937	21,343	19,345	18,513	18,408	18,680	18,896	20,249	23,419
Total Operating Expenses	8,118	5,870	8,370	7,772	8,516	8,798	8,244	9,034	8,150	7,688	10,814
Selling, General & Admin Expense	5,142	5,380	5,012	4,921	4,907	4,624	4,929	4,941	5,160	4,871	5,704
Research & Development Expense	1,676	1,714	1,490	1,667	1,842	1,874	1,979	2,045	2,349	2,246	2,518
Amortization Expense	229	272	321	294	267	379	354	293	288	267	511
Other Operating Expenses / (Income)	790	-2,058	956	701	743	976	930	783	283	93	2.00
Impairment Charge	-	0.00	0.00	88	0.00	865	0.00	905	0.00	0.00	1,621
Restructuring Charge	281	562	591	101	757	80	36	19	70	211	458
Total Other Income / (Expense), net	-11	-43	-292	-1,469	279	-113	2,455	94	141	763	79
Interest & Investment Income	-2.00	-76	-23	38	20	67	180	215	245	880	79
Income Tax Expense	-705	623	-164	-1,744	504	-120	160	8.00	205	374	-342
Basic Earnings per Share	$1.36	$1.84	$0.21	$1.25	$0.78	($0.25)	$2.62	$0.67	$1.56	$1.95	($0.04)
Weighted Average Basic Shares Outstanding	1.80B	1.72B	1.65B	1.53B	1.35B	1.29B	1.31B	1.30B	1.30B	1.31B	1.32B
Diluted Earnings per Share	$1.34	$1.82	$0.21	$1.23	$0.77	($0.25)	$2.58	$0.66	$1.54	$1.93	($0.04)
Weighted Average Diluted Shares Outstanding	1.83B	1.74B	1.67B	1.55B	1.37B	1.29B	1.33B	1.32B	1.32B	1.34B	1.32B
Weighted Average Basic & Diluted Shares Outstanding	1.81B	1.72B	1.64B	1.53B	1.34B	1.29B	1.29B	1.28B	1.30B	1.32B	1.33B
Cash Dividends to Common per Share	$0.00	$0.22	$0.26	$0.49	$0.46	$0.36	$0.48	$0.48	$0.48	$0.52	$0.52

This table shows Hewlett Packard Enterprise's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	464	642	387	314	512	1,341	1,225	-1,079	276	62	423
Consolidated Net Income / (Loss)	464	642	387	314	512	1,366	1,203	-1,050	305	41	452
Net Income / (Loss) Continuing Operations	464	642	387	314	512	1,366	1,203	-1,050	305	41	452
Total Pre-Tax Income	536	549	483	445	608	1,417	733	-1,045	288	-261	433
Total Operating Income	471	507	525	425	547	693	433	-1,109	247	-8.00	470
Total Gross Profit	2,612	2,672	2,576	2,376	2,439	2,734	10,091	2,169	2,672	-4,055	3,340
Total Revenue	7,002	7,351	6,755	7,204	7,710	8,458	15,522	7,627	9,136	2,011	9,301
Operating Revenue	7,002	7,351	6,755	7,204	7,710	8,458	15,522	7,627	9,136	2,011	9,301
Total Cost of Revenue	4,390	4,679	4,179	4,828	5,271	5,724	5,431	5,458	6,464	6,066	5,961
Operating Cost of Revenue	4,390	4,679	4,179	4,828	5,271	5,724	5,431	5,458	6,464	6,066	5,961
Total Operating Expenses	2,141	2,165	2,051	1,951	1,892	2,041	9,268	3,278	2,425	-4,172	2,870
Selling, General & Admin Expense	1,302	1,332	1,216	1,215	1,229	1,211	1,268	1,298	1,496	1,642	1,698
Research & Development Expense	578	578	582	590	547	527	475	540	622	881	744
Amortization Expense	72	72	71	67	60	69	38	37	126	310	311
Other Operating Expenses / (Income)	167	169	139	33	14	154	7,421	-13	0.00	-7,421	0.00
Restructuring Charge	21	18	43	46	42	78	66	55	181	156	117
Total Other Income / (Expense), net	65	42	-42	20	61	724	486	64	41	-512	-37
Interest & Investment Income	73	65	46	42	73	719	203	25	32	-181	17
Other Income / (Expense), net	-8.00	-23	-88	-22	-12	5.00	283	39	9.00	-	-54
Income Tax Expense	72	-93	96	131	96	51	106	5.00	-17	-436	-19
Preferred Stock Dividends Declared	-	-	0.00	0.00	0.00	-	-29	-29	-29	-	-29
Basic Earnings per Share	$0.36	$0.49	$0.30	$0.24	$0.39	$1.02	$0.45	($0.82)	$0.21	$0.12	$0.32
Weighted Average Basic Shares Outstanding	1.30B	1.30B	1.30B	1.31B	1.31B	1.31B	1.32B	1.32B	1.33B	1.32B	1.33B
Diluted Earnings per Share	$0.35	$0.49	$0.29	$0.24	$0.38	$1.02	$0.44	($0.82)	$0.21	$0.13	$0.31
Weighted Average Diluted Shares Outstanding	1.32B	1.32B	1.32B	1.33B	1.33B	1.34B	1.41B	1.32B	1.42B	1.32B	1.36B
Weighted Average Basic & Diluted Shares Outstanding	1.28B	1.30B	1.30B	1.30B	1.30B	1.32B	1.31B	1.31B	1.32B	1.33B	1.33B
Cash Dividends to Common per Share	$0.12	-	$0.13	$0.13	-	-	$0.13	$0.13	-	-	$0.14

This table details how cash moves in and out of Hewlett Packard Enterprise's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Net Change in Cash & Equivalents	7,523	3,145	-3,850	-4,508	-1,008	545	-289	431	-182	10,524	-9,246
Net Cash From Operating Activities	3,661	5,056	1,335	2,964	3,997	2,240	5,871	4,593	4,428	4,341	2,919
Net Cash From Continuing Operating Activities	3,661	5,056	1,335	2,964	3,997	2,240	5,871	4,593	4,428	4,341	2,919
Net Income / (Loss) Continuing Operations	2,461	3,161	344	1,908	1,049	-322	3,427	868	2,025	2,579	57
Consolidated Net Income / (Loss)	2,461	3,161	344	1,908	1,049	-322	3,427	868	2,025	2,579	57
Depreciation Expense	3,947	3,775	3,051	2,576	2,535	2,625	2,597	2,480	2,616	2,564	2,737
Amortization Expense	-	-	-	-	-	-	-	-	0.00	0.00	244
Non-Cash Adjustments To Reconcile Net Income	2,002	-123	2,185	1,090	1,069	2,477	1,384	2,064	886	-50	3,153
Changes in Operating Assets and Liabilities, net	-4,749	-1,757	-4,245	-2,610	-656	-2,540	-1,537	-819	-1,099	-752	-3,272
Net Cash From Investing Activities	-5,413	419	-5,349	-1,880	-3,457	-2,578	-2,796	-2,087	-3,284	-53	-13,190
Net Cash From Continuing Investing Activities	-5,413	419	-5,349	-1,880	-3,457	-2,578	-2,796	-2,087	-3,284	-53	-13,190
Purchase of Property, Plant & Equipment	-3,344	-3,280	-3,137	-2,956	-2,856	-2,383	-2,502	-3,122	-2,828	-2,367	-2,292
Acquisitions	-2,644	-22	-2,222	-207	-1,526	-866	-505	0.00	-761	-147	-12,278
Purchase of Investments	-243	-656	-45	-33	-39	-101	-60	-55	-15	-16	-9.00
Sale of Property, Plant & Equipment	380	450	679	1,094	597	703	354	602	602	370	380
Divestitures	140	3,342	-	13	-	-	-	-	1.00	2,143	210
Sale and/or Maturity of Investments	298	585	38	98	26	48	15	262	8.00	6.00	982
Other Investing Activities, net	0.00	0.00	-662	111	341	21	-98	226	-291	-42	-183
Net Cash From Financing Activities	9,275	-2,330	164	-5,592	-1,548	883	-3,364	-1,796	-1,362	6,283	1,046
Net Cash From Continuing Financing Activities	9,275	-2,330	164	-5,592	-1,548	883	-3,364	-1,796	-1,362	6,283	1,046
Repayment of Debt	-1,116	-904	-3,812	-4,138	-2,256	-5,108	-5,501	-3,892	-4,941	-5,514	-6,855
Repurchase of Common Equity	0.00	-2,662	-2,556	-3,568	-2,249	-355	-213	-512	-421	-150	-202
Payment of Dividends	-32	-373	-428	-579	-608	-625	-643	-627	-619	-676	-796
Issuance of Debt	15,412	1,074	2,277	2,462	3,517	7,007	3,022	3,296	4,725	11,245	9,188
Issuance of Preferred Equity	-	-	-	-	-	-	-	0.00	0.00	1,462	0.00
Other Financing Activities, net	-4,989	494	4,575	115	-	-36	-29	-61	-106	-84	-289
Effect of Exchange Rate Changes	-	-	-	-	-	0.00	0.00	-279	36	-47	-21
Cash Interest Paid	291	585	415	609	593	574	486	453	677	772	1,018
Cash Income Taxes Paid	192	656	836	538	518	297	398	107	307	248	425

This table details how cash moves in and out of Hewlett Packard Enterprise's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
Net Change in Cash & Equivalents	177	1,449	-609	-1,048	981	11,200	-1,253	-2,064	-7,091	1,162	-934
Net Cash From Operating Activities	1,525	2,843	64	1,093	1,154	2,030	-390	-461	1,305	2,465	1,178
Net Cash From Continuing Operating Activities	1,525	2,843	64	1,093	1,154	2,030	-390	-461	1,305	2,465	1,178
Net Income / (Loss) Continuing Operations	464	642	387	314	512	1,366	627	-1,050	305	175	452
Consolidated Net Income / (Loss)	464	642	387	314	512	1,366	627	-1,050	305	175	452
Depreciation Expense	654	655	657	642	625	640	599	574	687	877	872
Amortization Expense	-	-	-	-	-	-	0.00	-	-	-	31
Non-Cash Adjustments To Reconcile Net Income	186	360	206	226	96	-578	97	1,709	410	937	357
Changes in Operating Assets and Liabilities, net	221	1,186	-1,186	-89	-79	602	-1,713	-1,694	-97	232	-534
Net Cash From Investing Activities	-1,016	-98	-740	-367	-473	1,527	-23	-989	-12,602	424	-793
Net Cash From Continuing Investing Activities	-1,016	-98	-740	-367	-473	1,527	-23	-989	-12,602	424	-793
Purchase of Property, Plant & Equipment	-671	-675	-656	-560	-543	-608	-528	-547	-576	-641	-569
Purchase of Investments	-5.00	-5.00	-16	-	-	-	0.00	-1.00	-6.00	-2.00	-4.00
Sale of Property, Plant & Equipment	102	255	96	122	62	90	84	80	90	126	66
Divestitures	-	-	0.00	-	-	-	210	-	-	-	0.00
Sale and/or Maturity of Investments	4.00	1.00	4.00	1.00	-	2,144	1.00	40	54	887	2.00
Other Investing Activities, net	-91	326	-168	70	8.00	48	210	-561	114	54	-288
Net Cash From Financing Activities	-331	-1,194	53	-1,729	304	7,655	-797	-695	4,235	-1,697	-1,352
Net Cash From Continuing Financing Activities	-331	-1,194	53	-1,729	304	7,655	-797	-695	4,235	-1,697	-1,352
Repayment of Debt	-1,032	-1,818	-532	-1,731	-581	-2,662	-485	-595	-583	-5,200	-928
Repurchase of Common Equity	-187	-55	-3.00	-45	-52	-50	-52	-50	-	-100	-158
Payment of Dividends	-154	-154	-177	-169	-169	-169	-196	-200	-200	-192	-219
Issuance of Debt	1,041	839	859	216	1,081	9,089	105	152	5,076	3,855	126
Other Financing Activities, net	1.00	-6.00	-94	-	25	-15	-169	-2.00	-58	-60	-173
Effect of Exchange Rate Changes	-1.00	-102	14	-45	-4.00	-12	-43	81	-29	-30	33

This table presents Hewlett Packard Enterprise's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Total Assets	79,916	79,629	61,406	55,493	51,803	54,015	57,699	57,123	57,153	71,262	75,906
Total Current Assets	29,964	28,917	21,444	17,272	15,143	16,556	18,878	20,506	18,948	33,457	24,994
Cash & Equivalents	9,842	12,987	9,579	4,880	3,753	4,233	3,996	4,163	4,270	14,846	5,773
Note & Lease Receivable	2,918	3,360	3,378	-	3,572	-	3,932	3,522	3,543	3,870	3,826
Accounts Receivable	8,538	3,151	3,073	6,659	2,957	7,180	3,979	4,101	3,481	3,550	5,290
Inventories, net	2,198	1,720	2,315	2,447	2,387	2,674	4,511	5,161	4,607	7,810	6,352
Other Current Assets	6,468	2,694	3,099	3,286	2,474	2,469	2,460	3,559	3,047	3,381	3,753
Plant, Property, & Equipment, net	9,886	6,375	6,269	6,138	6,054	5,625	0.00	5,784	5,989	5,664	6,002
Total Noncurrent Assets	40,066	44,337	33,693	32,083	30,606	31,834	38,821	30,833	32,216	32,141	44,910
Long-Term Investments	0.00	2,648	2,535	2,398	2,254	2,170	2,210	2,160	2,197	929	955
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	10,537	11,377	12,616	13,817
Goodwill	27,261	16,090	17,516	17,537	18,306	18,017	18,306	17,403	17,988	18,086	23,770
Intangible Assets	1,930	675	1,042	789	1,128	1,103	1,022	733	654	510	6,368
Total Liabilities & Shareholders' Equity	79,916	79,629	61,406	55,493	51,803	54,015	57,699	57,123	57,153	71,262	75,906
Total Liabilities	45,998	48,111	37,901	34,219	34,654	37,919	37,682	37,214	35,915	46,382	51,152
Total Current Liabilities	21,993	22,529	18,924	17,198	19,159	18,738	20,687	23,174	21,882	25,973	24,643
Short-Term Debt	691	3,525	3,850	2,005	4,425	3,755	3,552	4,612	4,868	4,742	4,609
Accounts Payable	5,828	4,945	6,072	6,092	5,595	5,383	7,004	8,717	7,136	11,064	7,731
Current Deferred Revenue	5,154	2,996	3,128	3,177	3,234	3,430	3,408	3,451	3,658	3,904	5,358
Current Deferred & Payable Income Tax Liabilities	476	161	429	378	186	148	169	176	155	284	319
Current Employee Benefit Liabilities	2,902	1,253	1,156	1,412	1,522	1,391	1,778	1,401	1,724	1,356	1,871
Other Current Liabilities	6,942	3,973	4,289	4,134	4,197	4,631	4,776	4,817	4,341	4,591	4,755
Total Noncurrent Liabilities	24,005	25,582	18,977	17,021	15,495	19,181	16,995	14,040	14,033	20,409	26,509
Long-Term Debt	15,103	12,168	10,182	10,136	9,395	12,186	9,896	7,853	7,487	13,504	17,756
Other Noncurrent Operating Liabilities	8,902	8,874	8,795	6,885	6,100	6,995	7,099	6,187	6,546	6,905	8,753
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	33,918	31,518	23,505	21,274	17,149	16,096	20,017	19,909	21,238	24,880	24,754
Total Preferred & Common Equity	33,535	31,448	23,466	21,239	17,098	16,049	19,971	19,864	21,182	24,816	24,688
Preferred Stock	0.00	0.00	0.00	0.00	0.00	-	-	-	0.00	0.00	0.00
Total Common Equity	33,535	31,448	23,466	21,239	17,098	16,049	19,971	19,864	21,182	24,816	24,688
Common Stock	0.00	35,265	33,599	30,356	28,457	28,363	28,483	28,312	28,212	29,861	30,247
Retained Earnings	0.00	2,782	-7,238	-5,899	-7,632	-8,375	-5,597	-5,350	-3,946	-2,068	-2,811
Accumulated Other Comprehensive Income / (Loss)	-5,015	-6,599	-2,895	-3,218	-3,727	-3,939	-2,915	-3,098	-3,084	-2,977	-2,748
Noncontrolling Interest	383	70	39	35	51	47	46	-	56	64	66

This table presents Hewlett Packard Enterprise's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	1/31/2026
Total Assets	55,549	56,415	57,153	58,602	59,711	60,852	71,262	70,327	67,854	77,340	75,768
Total Current Assets	17,560	17,655	18,948	20,244	21,427	22,405	33,457	33,012	31,571	26,002	25,203
Cash & Equivalents	2,781	2,919	4,270	3,758	2,676	3,642	14,846	13,431	11,667	4,571	4,841
Note & Lease Receivable	3,716	3,718	3,543	3,629	3,646	3,705	3,870	3,771	3,907	3,777	3,835
Accounts Receivable	3,711	3,448	3,481	3,781	3,840	3,857	3,550	3,450	3,899	5,656	4,931
Inventories, net	4,317	4,541	4,607	6,049	7,326	7,679	7,810	8,577	8,096	7,163	6,913
Other Current Assets	3,035	3,029	3,047	3,027	3,939	3,522	3,381	3,783	4,002	4,835	4,683
Plant, Property, & Equipment, net	6,013	6,089	5,989	5,997	5,817	5,738	5,664	5,412	5,407	6,118	5,911
Total Noncurrent Assets	31,976	32,671	32,216	32,361	32,467	32,709	32,141	31,903	30,876	45,220	44,654
Long-Term Investments	2,281	2,293	2,197	2,249	2,291	2,318	929	940	965	999	924
Noncurrent Note & Lease Receivables	11,287	11,659	11,377	11,542	11,673	11,926	12,616	12,369	12,674	13,817	13,801
Goodwill	17,733	17,994	17,988	17,988	17,988	17,988	18,086	18,086	16,725	23,767	23,828
Intangible Assets	675	725	654	582	515	477	510	508	512	6,637	6,101
Total Liabilities & Shareholders' Equity	55,549	56,415	57,153	58,602	59,711	60,852	71,262	70,327	67,854	77,340	75,768
Total Liabilities	35,128	35,738	35,915	37,134	37,977	38,718	46,382	45,045	43,927	52,873	50,934
Total Current Liabilities	20,251	20,170	21,882	22,635	23,750	23,865	25,973	24,904	24,538	27,347	24,357
Short-Term Debt	5,004	4,486	4,868	4,957	3,767	3,864	4,742	4,605	5,152	6,799	3,906
Accounts Payable	5,501	5,604	7,136	8,125	10,119	10,085	11,064	10,747	9,316	8,662	8,379
Current Deferred Revenue	3,621	3,654	3,658	3,718	3,783	3,803	3,904	3,905	4,172	5,311	5,483
Current Deferred & Payable Income Tax Liabilities	198	215	155	182	181	150	284	314	277	256	375
Current Employee Benefit Liabilities	1,439	1,570	1,724	1,027	1,084	1,166	1,356	898	1,055	1,549	1,375
Other Current Liabilities	4,488	4,641	4,341	4,626	4,816	4,738	4,591	4,435	4,566	4,770	4,839
Total Noncurrent Liabilities	14,877	15,568	14,033	14,499	14,227	14,853	20,409	20,141	19,389	25,526	26,577
Long-Term Debt	8,372	8,866	7,487	7,840	7,490	7,939	13,504	13,272	12,378	16,854	17,705
Other Noncurrent Operating Liabilities	6,505	6,702	6,546	6,659	6,737	6,914	6,905	6,869	7,011	8,672	8,872
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	20,421	20,677	21,238	21,468	21,734	22,134	24,880	25,282	23,927	24,467	24,834
Total Preferred & Common Equity	20,366	20,622	21,182	21,416	21,680	22,077	24,816	25,224	23,867	24,402	24,774
Preferred Stock	-	-	0.00	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	20,366	20,622	21,182	21,416	21,680	22,077	24,816	25,224	23,867	24,402	24,774
Common Stock	28,287	28,204	28,212	28,252	28,321	28,374	29,861	29,793	29,853	30,212	30,139
Retained Earnings	-4,743	-4,433	-3,946	-3,728	-3,583	-3,240	-2,068	-1,642	-2,892	-2,786	-2,593
Accumulated Other Comprehensive Income / (Loss)	-3,178	-3,149	-3,084	-3,108	-3,058	-3,057	-2,977	-2,927	-3,094	-3,024	-2,772
Noncontrolling Interest	55	55	56	52	54	57	-	58	60	65	60

This table displays calculated financial ratios and metrics derived from Hewlett Packard Enterprise's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/31/2015	10/31/2016	10/31/2017	10/31/2018	10/31/2019	10/31/2020	10/31/2021	10/31/2022	10/31/2023	10/31/2024	10/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-43.62%	-2.56%	-4.65%	6.86%	-5.57%	-7.39%	2.97%	2.56%	2.24%	3.40%	13.84%
EBITDA Growth	-7.89%	25.66%	-54.71%	32.40%	-12.77%	-43.25%	170.57%	-47.11%	46.48%	0.78%	-45.14%
EBIT Growth	-13.68%	86.84%	-91.77%	523.49%	-28.26%	-132.26%	877.21%	-80.22%	200.30%	4.43%	-121.08%
NOPAT Growth	54.83%	23.28%	-72.38%	1,342.44%	-93.40%	-126.76%	569.61%	-28.35%	144.81%	0.83%	-115.99%
Net Income Growth	49.33%	28.44%	-89.12%	454.65%	-45.02%	-130.70%	1,164.29%	-74.67%	133.29%	27.36%	-81.23%
EPS Growth	49.33%	28.44%	-88.46%	485.71%	-37.40%	-132.47%	1,132.00%	-74.42%	133.33%	25.32%	-102.07%
Operating Cash Flow Growth	-47.03%	38.10%	-73.60%	122.02%	34.85%	-43.96%	162.10%	-21.77%	-3.59%	-1.96%	-32.76%
Free Cash Flow Firm Growth	97.15%	2,216.40%	-110.48%	665.45%	-83.49%	-144.33%	39.77%	464.84%	-58.55%	101.42%	-904.16%
Invested Capital Growth	10.04%	-43.97%	13.81%	2.81%	-4.50%	2.69%	6.34%	-4.43%	4.13%	0.95%	47.50%
Revenue Q/Q Growth	0.00%	39.82%	29.74%	0.94%	-2.45%	-0.03%	0.53%	1.85%	-1.75%	3.81%	-15.82%
EBITDA Q/Q Growth	0.00%	-4.56%	-19.86%	33.39%	-6.37%	-16.89%	67.53%	-48.84%	24.12%	5.80%	-17.94%
EBIT Q/Q Growth	0.00%	-6.15%	-68.23%	161.32%	-14.93%	-926.92%	256.67%	-81.83%	75.98%	14.91%	-172.83%
NOPAT Q/Q Growth	0.00%	-33.13%	248.23%	2,231.57%	506.29%	-256,519.97%	15.88%	-44.55%	87.26%	7.27%	-229.33%
Net Income Q/Q Growth	0.00%	-25.52%	181.97%	-40.17%	657.98%	-32,300.00%	232.40%	-76.70%	87.67%	39.03%	-73.24%
EPS Q/Q Growth	0.00%	-25.52%	200.00%	-41.71%	650.00%	-1,150.00%	230.77%	-76.60%	87.80%	37.86%	-104.71%
Operating Cash Flow Q/Q Growth	0.00%	95.36%	-52.56%	20.05%	2.72%	-23.42%	60.32%	1.77%	-4.18%	-15.77%	17.51%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	-5,434.69%	58.49%	-43.96%	-23.93%	-479.17%	241.78%	15.61%	-35.43%	6.75%
Invested Capital Q/Q Growth	0.00%	-36.11%	-27.90%	-6.80%	3.14%	2.83%	5.99%	-8.64%	-5.87%	-2.33%	-5.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.38%	32.28%	30.94%	30.82%	33.60%	31.39%	33.75%	34.45%	36.46%	34.43%	31.72%
EBITDA Margin	18.93%	24.42%	11.60%	14.37%	13.28%	8.14%	21.38%	11.02%	15.79%	15.39%	7.42%
Operating Margin	6.26%	12.89%	1.95%	5.63%	4.37%	-1.22%	4.07%	2.74%	7.17%	7.27%	-1.27%
EBIT Margin	6.23%	11.95%	1.03%	6.02%	4.58%	-1.59%	12.03%	2.32%	6.81%	6.88%	-1.27%
Profit (Net Income) Margin	7.92%	10.44%	1.19%	6.18%	3.60%	-1.19%	12.33%	3.05%	6.95%	8.56%	1.41%
Tax Burden Percent	127.18%	81.89%	126.47%	711.94%	67.55%	72.85%	95.54%	99.09%	90.81%	87.33%	-169.82%
Interest Burden Percent	99.90%	106.66%	91.28%	14.42%	116.50%	102.79%	107.33%	132.53%	112.34%	142.45%	65.22%
Effective Tax Rate	-36.43%	16.14%	-60.29%	-650.75%	32.45%	0.00%	4.46%	0.91%	9.19%	12.67%	0.00%
Return on Invested Capital (ROIC)	6.98%	10.52%	3.79%	50.58%	3.37%	-0.91%	4.09%	2.91%	7.13%	7.02%	-0.90%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.76%	17.47%	19.21%	-277.76%	6.34%	-1.97%	32.05%	4.30%	9.26%	22.90%	7.81%
Return on Net Nonoperating Assets (RNNOA)	-0.05%	-0.86%	-2.54%	-42.06%	2.09%	-1.03%	14.89%	1.44%	2.71%	4.17%	2.85%
Return on Equity (ROE)	6.92%	9.66%	1.25%	8.52%	5.46%	-1.94%	18.98%	4.35%	9.84%	11.18%	1.95%
Cash Return on Invested Capital (CROIC)	-2.58%	66.88%	-9.13%	47.81%	7.97%	-3.57%	-2.06%	7.44%	3.09%	6.07%	-39.29%
Operating Return on Assets (OROA)	2.67%	4.54%	0.42%	3.18%	2.48%	-0.81%	5.98%	1.15%	3.47%	3.23%	-0.59%
Return on Assets (ROA)	3.39%	3.96%	0.49%	3.26%	1.96%	-0.61%	6.14%	1.51%	3.54%	4.02%	0.66%
Return on Common Equity (ROCE)	6.85%	9.59%	1.25%	8.51%	5.45%	-1.93%	18.93%	4.34%	9.82%	11.16%	1.95%
Return on Equity Simple (ROE_SIMPLE)	7.34%	10.05%	1.47%	8.98%	6.14%	-2.01%	17.16%	4.37%	9.56%	10.39%	0.00%
Net Operating Profit after Tax (NOPAT)	2,655	3,273	904	13,040	861	-230	1,082	775	1,897	1,913	-306
NOPAT Margin	8.54%	10.81%	3.13%	42.27%	2.95%	-0.85%	3.89%	2.72%	6.51%	6.35%	-0.89%
Net Nonoperating Expense Percent (NNEP)	7.74%	-6.95%	-15.43%	328.34%	-2.97%	1.06%	-27.96%	-1.39%	-2.13%	-15.88%	-8.71%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.39%	5.65%	4.44%	-0.65%
Cost of Revenue to Revenue	67.62%	67.72%	69.06%	69.18%	66.40%	68.61%	66.25%	65.55%	63.54%	65.57%	68.28%
SG&A Expenses to Revenue	16.55%	17.77%	17.36%	15.95%	16.84%	17.14%	17.74%	17.34%	17.71%	16.17%	16.63%
R&D to Revenue	5.39%	5.66%	5.16%	5.40%	6.32%	6.95%	7.12%	7.18%	8.06%	7.46%	7.34%
Operating Expenses to Revenue	26.12%	19.39%	28.99%	25.19%	29.23%	32.61%	29.67%	31.70%	29.29%	27.16%	31.53%
Earnings before Interest and Taxes (EBIT)	1,937	3,619	298	1,858	1,333	-430	3,342	661	1,985	2,073	-437
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5,884	7,394	3,349	4,434	3,868	2,195	5,939	3,141	4,601	4,637	2,544
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.95	0.78	0.87	1.07	0.62	0.88	0.87	0.91	1.02	1.31
Price to Tangible Book Value (P/TBV)	0.00	2.03	3.71	6.37	0.00	0.00	27.41	10.02	7.55	4.07	0.00
Price to Revenue (P/Rev)	0.00	0.99	0.63	0.60	0.63	0.37	0.63	0.61	0.66	0.84	0.94
Price to Earnings (P/E)	0.00	9.44	52.98	9.73	17.42	0.00	5.14	19.95	9.47	9.91	66.57
Dividend Yield	0.00%	1.23%	2.39%	2.97%	3.22%	6.25%	3.56%	3.57%	3.21%	2.67%	2.13%
Earnings Yield	0.00%	10.60%	1.89%	10.28%	5.74%	0.00%	19.45%	5.01%	10.56%	10.09%	1.50%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.34	0.79	0.90	1.05	0.76	0.91	0.90	0.93	1.02	1.19
Enterprise Value to Revenue (EV/Rev)	0.00	0.99	0.70	0.76	0.90	0.72	0.90	0.82	0.86	0.92	1.40
Enterprise Value to EBITDA (EV/EBITDA)	0.00	4.05	6.03	5.29	6.76	8.87	4.19	7.47	5.46	6.01	18.84
Enterprise Value to EBIT (EV/EBIT)	0.00	8.28	67.73	12.63	19.61	0.00	7.45	35.49	12.66	13.43	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	9.15	22.33	1.80	30.37	0.00	23.03	30.27	13.24	14.56	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	5.93	15.12	7.92	6.54	8.69	4.24	5.11	5.67	6.41	16.42
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	1.44	0.00	1.90	12.84	0.00	0.00	11.83	30.57	16.82	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.50	0.60	0.57	0.81	0.99	0.67	0.63	0.58	0.73	0.90
Long-Term Debt to Equity	0.45	0.39	0.43	0.48	0.55	0.76	0.49	0.39	0.35	0.54	0.72
Financial Leverage	0.07	-0.05	-0.13	0.15	0.33	0.52	0.46	0.34	0.29	0.18	0.37
Leverage Ratio	2.04	2.44	2.56	2.61	2.79	3.18	3.09	2.88	2.78	2.78	2.97
Compound Leverage Factor	2.04	2.60	2.34	0.38	3.25	3.27	3.32	3.81	3.12	3.97	1.93
Debt to Total Capital	31.77%	33.24%	37.38%	36.33%	44.63%	49.76%	40.19%	38.50%	36.78%	42.31%	47.46%
Short-Term Debt to Total Capital	1.39%	7.47%	10.26%	6.00%	14.29%	11.72%	10.61%	14.25%	14.49%	11.00%	9.78%
Long-Term Debt to Total Capital	30.38%	25.77%	27.13%	30.33%	30.34%	38.04%	29.57%	24.26%	22.29%	31.31%	37.68%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.77%	0.15%	0.10%	0.10%	0.16%	0.15%	0.14%	0.00%	0.17%	0.15%	0.14%
Common Equity to Total Capital	67.46%	66.61%	62.51%	63.56%	55.21%	50.10%	59.68%	61.36%	63.05%	57.54%	52.40%
Debt to EBITDA	2.68	2.12	4.19	2.74	3.57	7.26	2.26	3.97	2.69	3.93	8.79
Net Debt to EBITDA	1.01	0.01	0.57	1.10	2.02	4.35	1.22	1.96	1.28	0.53	6.15
Long-Term Debt to EBITDA	2.57	1.65	3.04	2.29	2.43	5.55	1.67	2.50	1.63	2.91	6.98
Debt to NOPAT	5.95	4.79	15.52	0.93	16.06	-69.22	12.43	16.09	6.51	9.54	-73.11
Net Debt to NOPAT	2.24	0.02	2.12	0.37	9.08	-41.42	6.70	7.93	3.10	1.29	-51.12
Long-Term Debt to NOPAT	5.69	3.72	11.26	0.78	10.92	-52.91	9.15	10.13	3.95	7.06	-58.05
Altman Z-Score	0.00	1.05	0.66	0.84	0.66	0.36	0.78	0.63	0.79	0.93	0.76
Noncontrolling Interest Sharing Ratio	1.10%	0.69%	0.20%	0.17%	0.22%	0.29%	0.26%	0.23%	0.25%	0.26%	0.26%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.36	1.28	1.13	1.00	0.79	0.88	0.91	0.88	0.87	1.29	1.01
Quick Ratio	0.97	0.87	0.85	0.67	0.54	0.61	0.58	0.51	0.52	0.86	0.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-983	20,804	-2,180	12,326	2,036	-902	-543	1,983	822	1,656	-13,314
Operating Cash Flow to CapEx	123.52%	178.66%	54.31%	159.18%	176.94%	133.33%	273.32%	182.26%	198.92%	217.38%	152.67%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-726.65	7.57	0.00	-11.42	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	445.00	1.82	0.00	28.35	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-374.33	0.68	0.00	7.09	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.38	0.41	0.53	0.54	0.51	0.50	0.50	0.51	0.47	0.47
Accounts Receivable Turnover	3.66	5.18	9.28	6.34	6.06	5.32	4.98	7.05	7.69	8.57	7.76
Inventory Turnover	10.30	10.47	9.88	8.96	8.00	7.32	5.12	3.86	3.79	3.18	3.31
Fixed Asset Turnover	3.38	3.72	4.57	4.97	4.78	4.62	0.00	0.00	4.95	5.17	5.88
Accounts Payable Turnover	3.92	3.81	3.62	3.51	3.31	3.37	2.97	2.38	2.34	2.17	2.49
Days Sales Outstanding (DSO)	99.60	70.45	39.34	57.57	60.23	68.56	73.30	51.75	47.49	42.59	47.04
Days Inventory Outstanding (DIO)	35.45	34.87	36.94	40.72	45.60	49.89	71.23	94.49	96.29	114.72	110.36
Days Payable Outstanding (DPO)	93.08	95.87	100.85	104.01	110.25	108.22	122.81	153.59	156.28	168.14	146.47
Cash Conversion Cycle (CCC)	41.98	9.45	-24.57	-5.73	-4.42	10.23	21.72	-7.35	-12.49	-10.84	10.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	39,870	22,339	25,423	26,137	24,962	25,634	27,259	26,051	27,126	27,383	40,391
Invested Capital Turnover	0.82	0.97	1.21	1.20	1.14	1.07	1.05	1.07	1.10	1.11	1.01
Increase / (Decrease) in Invested Capital	3,638	-17,531	3,084	714	-1,175	672	1,625	-1,208	1,075	257	13,008
Enterprise Value (EV)	0.00	29,958	20,184	23,466	26,136	19,464	24,911	23,458	25,124	27,846	47,924
Market Capitalization	0.00	29,830	18,227	18,568	18,272	9,879	17,623	17,316	19,180	25,311	32,221
Book Value per Share	$18.59	$18.88	$14.49	$14.43	$13.10	$12.48	$15.27	$15.44	$16.51	$19.11	$18.71
Tangible Book Value per Share	$2.41	$8.82	$3.03	$1.98	($1.79)	($2.39)	$0.49	$1.34	$1.98	$4.79	($4.13)
Total Capital	49,712	47,211	37,537	33,415	30,969	32,037	33,465	32,374	33,593	43,126	47,119
Total Debt	15,794	15,693	14,032	12,141	13,820	15,941	13,448	12,465	12,355	18,246	22,365
Total Long-Term Debt	15,103	12,168	10,182	10,136	9,395	12,186	9,896	7,853	7,487	13,504	17,756
Net Debt	5,952	58	1,918	4,863	7,813	9,538	7,242	6,142	5,888	2,471	15,637
Capital Expenditures (CapEx)	2,964	2,830	2,458	1,862	2,259	1,680	2,148	2,520	2,226	1,997	1,912
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,180	-3,074	-3,209	-2,801	-3,344	-2,660	-2,253	-2,219	-2,336	-2,620	-813
Debt-free Net Working Capital (DFNWC)	8,662	9,913	6,370	2,079	409	1,573	1,743	1,944	1,934	12,226	4,960
Net Working Capital (NWC)	7,971	6,388	2,520	74	-4,016	-2,182	-1,809	-2,668	-2,934	7,484	351
Net Nonoperating Expense (NNE)	194	112	560	11,132	-188	92	-2,345	-93	-128	-666	-790
Net Nonoperating Obligations (NNO)	5,952	-9,179	1,918	4,863	7,813	9,538	7,242	6,142	5,888	2,503	15,637
Total Depreciation and Amortization (D&A)	3,947	3,775	3,051	2,576	2,535	2,625	2,597	2,480	2,616	2,564	2,981
Debt-free, Cash-free Net Working Capital to Revenue	-3.80%	-10.15%	-11.12%	-9.08%	-11.48%	-9.86%	-8.11%	-7.79%	-8.02%	-8.70%	-2.37%
Debt-free Net Working Capital to Revenue	27.87%	32.74%	22.06%	6.74%	1.40%	5.83%	6.27%	6.82%	6.64%	40.58%	14.46%
Net Working Capital to Revenue	25.65%	21.10%	8.73%	0.24%	-13.78%	-8.09%	-6.51%	-9.36%	-10.07%	24.84%	1.02%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.02	$1.38	$0.21	$0.00	$0.78	($0.25)	$2.62	$0.67	$1.56	$1.95	($0.04)
Adjusted Weighted Average Basic Shares Outstanding	2.33B	2.22B	1.65B	0.00	1.35B	1.29B	1.31B	1.30B	1.30B	1.31B	1.32B
Adjusted Diluted Earnings per Share	$1.00	$1.36	$0.21	$0.00	$0.77	($0.25)	$2.58	$0.66	$1.54	$1.93	($0.04)
Adjusted Weighted Average Diluted Shares Outstanding	2.45B	2.32B	1.67B	0.00	1.37B	1.29B	1.33B	1.32B	1.32B	1.34B	1.32B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.78	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.33B	2.22B	1.59B	0.00	1.29B	1.29B	1.29B	1.28B	1.30B	1.32B	1.33B
Normalized Net Operating Profit after Tax (NOPAT)	1,559	3,744	809	1,348	1,372	431	1,131	1,738	1,961	2,097	1,149
Normalized NOPAT Margin	5.02%	12.37%	2.80%	4.37%	4.71%	1.60%	4.07%	6.10%	6.73%	6.96%	3.35%
Pre Tax Income Margin	6.23%	12.75%	0.94%	0.87%	5.33%	-1.64%	12.91%	3.07%	7.65%	9.80%	-0.83%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	99.33	1.14	0.00	-5.44	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	301.35	8.01	0.00	-2.92	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	-720.00	0.00	0.00	-26.71	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-517.98	6.87	0.00	-24.18	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.30%	11.80%	124.42%	30.35%	57.96%	-194.10%	18.76%	72.24%	30.57%	26.52%	164.46%
Augmented Payout Ratio	1.30%	96.01%	867.44%	217.35%	272.35%	-304.35%	24.98%	131.22%	51.36%	32.34%	206.20%

This table displays calculated financial ratios and metrics derived from Hewlett Packard Enterprise's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,334,533,171.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,334,533,171.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.32
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	408	593	421	300	461	668	370	-776	262	-5.60	491
Return On Investment Capital (ROIC_SIMPLE)	-	1.76%	1.23%	-	-	1.55%	0.86%	-1.87%	0.54%	-0.01%	1.06%
Earnings before Interest and Taxes (EBIT)	463	484	437	403	535	698	716	-1,070	256	-8.00	416
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,117	1,139	1,094	1,045	1,160	1,338	1,315	-496	943	869	1,319
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	106	-482	397	1,011	1,242	411	-160	-1,577	-14,252	-13,014	-11,401
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	28,817	27,126	28,258	28,024	28,036	27,383	28,788	28,825	42,550	40,391	40,680
Increase / (Decrease) in Invested Capital	302	1,075	24	-711	-781	257	530	801	14,514	13,008	11,892
Book Value per Share	$15.97	$16.51	$16.46	$16.68	$16.99	$19.11	$19.18	$18.17	$18.60	$18.71	$18.56
Tangible Book Value per Share	$1.47	$1.98	$2.19	$2.44	$2.78	$4.79	$5.04	$5.05	($4.57)	($4.13)	($3.86)
Total Capital	34,029	33,593	34,265	32,991	33,937	43,126	43,159	41,457	48,120	47,119	46,445
Total Debt	13,352	12,355	12,797	11,257	11,803	18,246	17,877	17,530	23,653	22,365	21,611
Total Long-Term Debt	8,866	7,487	7,840	7,490	7,939	13,504	13,272	12,378	16,854	17,756	17,705
Net Debt	8,140	5,888	6,790	6,290	5,843	2,471	3,506	4,898	18,083	15,637	15,846
Capital Expenditures (CapEx)	569	420	560	438	481	518	444	467	486	515	503
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-948	-2,336	-1,192	-1,232	-1,238	-2,620	-718	518	883	-813	-89
Debt-free Net Working Capital (DFNWC)	1,971	1,934	2,566	1,444	2,404	12,226	12,713	12,185	5,454	4,960	4,752
Net Working Capital (NWC)	-2,515	-2,934	-2,391	-2,323	-1,460	7,484	8,108	7,033	-1,345	351	846
Net Nonoperating Expense (NNE)	-56	-49	34	-14	-51	-698	-818	274	-43	-47	39
Net Nonoperating Obligations (NNO)	8,140	5,888	6,790	6,290	5,902	2,503	3,506	4,898	18,083	15,637	15,846
Total Depreciation and Amortization (D&A)	654	655	657	642	625	640	599	574	687	877	903
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.36	$0.49	$0.30	$0.24	$0.39	$1.02	$0.45	($0.82)	$0.21	$0.12	$0.32
Adjusted Weighted Average Basic Shares Outstanding	1.30B	1.30B	1.30B	1.31B	1.31B	1.31B	1.32B	1.32B	1.33B	1.32B	1.33B
Adjusted Diluted Earnings per Share	$0.35	$0.49	$0.29	$0.24	$0.38	$1.02	$0.44	($0.82)	$0.21	$0.13	$0.31
Adjusted Weighted Average Diluted Shares Outstanding	1.32B	1.32B	1.32B	1.33B	1.33B	1.34B	1.41B	1.32B	1.42B	1.32B	1.36B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	1.28B	1.30B	1.30B	1.30B	1.30B	1.32B	1.31B	1.31B	1.32B	1.33B	1.33B
Normalized Net Operating Profit after Tax (NOPAT)	427	365	455	332	496	745	427	215	300	104	411
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

Financials Breakdown Chart

Key Financial Trends

Here is a concise, four-year view of Hewlett Packard Enterprise (NYSE:HPE) based on the provided quarterly statements. The data show a mix of improving cash flow in late 2025, notable earnings volatility across quarters, and ongoing investment in R&D and assets. The bullets below are organized to highlight potential positives first, then neutral observations, and finally negative trends.

Operating cash flow improving in late 2025: Net cash from continuing operating activities rose to about $2.46B in Q4 2025, with $1.31B in Q3 2025, signaling stronger cash generation in the most recent quarters after earlier softness.
Visible pockets of quarterly profitability: Net income to common shareholders posted a positive result in Q4 2025 ($62M) and Q1 2025 ($314M), with other quarters also showing positive earnings, suggesting ongoing profitability despite quarterly swings.
Ongoing investments in growth initiatives: Research & development expenses rose through 2025 (e.g., about $475M in Q1 2025 to $881M in Q4 2025), alongside sustained depreciation and amortization, indicating continued investment in product and asset development.
Balance sheet size and composition trend: Total assets rose into the high $70s billions by mid-2025, with total liabilities in the mid-$50 billions and equity in the mid-$20 billions, reflecting a larger, more complex balance sheet as the business evolves.
Earnings per share and share count stability: Diluted earnings per share generally trended in the low hundreds of millions per quarter with a weighted-average shares around 1.32–1.33 billion, indicating a relatively stable share base despite earnings volatility.
Gross margin deterioration in Q4 2025: Total Gross Profit turned negative in Q4 2025 (approx. -$4.06B) and Total Operating Income was near break-even or negative, signaling a quarter of significant margin pressure.
Significant earnings volatility: Quarterly results swing from large negative earnings (e.g., Q2 2025) to positive quarters (e.g., Q3/Q4 2025), underscoring ongoing earnings volatility and execution risk.
Debt-related cash outflows in late 2025: Financing activities show sizable debt repayments and net debt outflows, contributing to cash pressure despite occasional debt issuance, which can affect liquidity management.
Working capital and operating asset/liability volatility: Changes in operating assets and liabilities vary across quarters, suggesting ongoing working capital challenges that can impact short-term cash conversion.
Capex remains a meaningful cash outflow: Purchases of property, plant & equipment and other investing activities indicate ongoing capital expenditure, which impacts near-term cash flow but may support future growth and efficiency gains.

05/14/26 08:05 PM ETAI Generated. May Contain Errors.

Hewlett Packard Enterprise Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hewlett Packard Enterprise's fiscal year ends in October. Their fiscal year 2025 ended on October 31, 2025.

Hewlett Packard Enterprise's net income appears to be on a downward trend, with a most recent value of $484 million in 2025, falling from $2.46 billion in 2015. The previous period was $2.58 billion in 2024. Check out Hewlett Packard Enterprise's forecast to explore projected trends and price targets.

Hewlett Packard Enterprise's total operating income in 2025 was -$437 million, based on the following breakdown:

Total Gross Profit: $10.88 billion
Total Operating Expenses: $10.81 billion

Over the last 10 years, Hewlett Packard Enterprise's total revenue changed from $31.08 billion in 2015 to $34.30 billion in 2025, a change of 10.4%.

Hewlett Packard Enterprise's total liabilities were at $51.15 billion at the end of 2025, a 10.3% increase from 2024, and a 11.2% increase since 2015.

In the past 10 years, Hewlett Packard Enterprise's cash and equivalents has ranged from $3.75 billion in 2019 to $14.85 billion in 2024, and is currently $5.77 billion as of their latest financial filing in 2025.

Over the last 10 years, Hewlett Packard Enterprise's book value per share changed from 18.59 in 2015 to 18.71 in 2025, a change of 0.7%.

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Financial statements for NYSE:HPE last updated on 3/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Hewlett Packard Enterprise (HPE) Financials

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Hewlett Packard Enterprise (HPE) Financials

Annual Income Statements for Hewlett Packard Enterprise

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Quarterly Metrics And Ratios for Hewlett Packard Enterprise

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