Company file · HPE

Hewlett Packard Enterprise

Americas was Hewlett Packard Enterprise's fastest-growing region in FY2025, up 19.7%

Revenue rose 13.8% to $34.3B in FY2025, from $30.1B in FY2024. Net income fell 97.8% to $57M. Americas was the largest region, at 46% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Dec 18, 2025) · Latest quarter: 10-Q for the quarter ended Jul 31, 2026 (filed Sep 3, 2026) · Data pulled Oct 29, 2026

Key facts

Hewlett Packard Enterprise (NYSE: HPE) closed fiscal 2025 on Oct 31, 2025 with revenue of $34.3B, up 13.8% from a year before; net income came to $57M, down 97.8%. Its newest quarterly report covers the three months to Jul 31, 2026: revenue of $12.2B, up 33.7% on the same stretch of the prior year, and net income of $1.5B. Broken down by region, Americas led with 46% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Dec 18, 2025) and 10-Q for the quarter ended Jul 31, 2026 (filed Sep 3, 2026).

Revenue$34.3BFY2025 · +13.8% vs FY2024

Net income$57MFY2025 · −97.8% vs FY2024

Operating cash flow$2.9BFY2025 · −32.8% vs FY2024

Cash & equivalents$6.2Bat Jul 31, 2026 · +7.7% vs FY2025 end

Total debt$20.2Bat Jul 31, 2026 · −9.5% vs FY2025 end

Diluted shares1.32BFY2025 avg · −1.0% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Dec 18, 2025

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q3, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed Mar 10, 2026 · 10-Q filed Jun 2, 2026 · 10-Q filed Sep 3, 2026

How it makes money

By region, FY2025

LineAmountSharevs FY2024
Americas$15.8B46%+19.7%
EMEA$11.5B34%+13.0%
Asia Pacific and Japan$6.9B20%+3.5%

Source: 10-K FY2025, XBRL breakdown

By region in FY2025: Americas (46%), EMEA (34%) and Asia Pacific and Japan (20%), as shares of total revenue. Total revenue was $34.3B.

By region: three-year mixShare of the total each fiscal year

FY2023

43%35%22%

FY2024

44%34%22%

FY2025

46%34%20%

AmericasEMEAAsia Pacific and Japan

Source: 10-K FY2025

By segment, FY2025

Server$17.6B51%+11.4%

Networking$6.8B20%+51.9%

Hybrid Cloud$5.5B16%+5.1%

Financial Services$3.5B10%−0.1%

Share is of FY2025 revenue; the items listed don't cover all of it. The last column is the change from FY2024.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q3 FY2026 (May to Jul 2026) compared with Q3 FY2025 (May to Jul 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q3 FY2026Q3 FY2025

Company

Revenue

$12.2B Q3 FY2026

$9.1B Q3 FY2025

33.7% increase

Net income

$1.5B Q3 FY2026

$305M Q3 FY2025

404.9% increase

Source: Hewlett Packard Enterprise 10-Q for the quarter ended Jul 31, 2026, filed Sep 3, 2026

By region

Americas

$5.3B Q3 FY2026

$4.7B Q3 FY2025

12.7% increase

EMEA

$4.2B Q3 FY2026

$2.7B Q3 FY2025

53.4% increase

Asia Pacific and Japan

$2.7B Q3 FY2026

$1.7B Q3 FY2025

61.1% increase

Source: Hewlett Packard Enterprise 10-Q for the quarter ended Jul 31, 2026, filed Sep 3, 2026

Cash & equivalents $6.2B at Jul 31, 2026, vs $5.8B at FY2025 end.
Total debt $20.2B at Jul 31, 2026, vs $22.4B at FY2025 end.
Operating cash flow, first 9 months of fiscal 2026: $4.2B vs $454M a year earlier.

The bull case and the bear case

The bull case

Revenue rose 13.8% in FY2025 to $34.3B, from $30.1B a year earlier. 10-K, FY2025
Revenue in the quarter ended Jul 31, 2026 was $12.2B, up 33.7% on a year earlier. 10-Q, quarter ended Jul 31, 2026
Net income in the quarter ended Jul 31, 2026 was $1.5B, up 404.9% on a year earlier. 10-Q, quarter ended Jul 31, 2026
Americas revenue grew 19.7% in FY2025 to $15.8B. 10-K, FY2025

The bear case

Net income fell 97.8% in FY2025 to $57M, from $2.6B. 10-K, FY2025
Operating cash flow fell 32.8% in FY2025 to $2.9B. 10-K, FY2025
Total debt rose 22.6% in FY2025 to $22.4B. 10-K, FY2025
Financial Services revenue fell 0.1% in FY2025 to $3.5B. 10-K, FY2025

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Hewlett Packard Enterprise is in the technology hardware, storage & peripherals industry, part of the information technology sector. The SEC files it under Computer & Office Equipment.

Hewlett Packard Enterprise reports 4 segments: Server, Networking, Hybrid Cloud and Financial Services.

Its fiscal year ends in October; the latest, FY2025, ended Oct 31, 2025.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the technology hardware, storage & peripherals industry. They are not a summary of Hewlett Packard Enterprise’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

CompetitionTechnology markets move fast, and rivals large and small can change prices or products.
Customer demandSpending by customers on technology rises and falls with their budgets and the economy.
Security and privacyCyberattacks, outages and data-privacy rules can raise costs or harm customer trust.
Supply and tradeReliance on suppliers and exposure to tariffs or export rules can limit what it can sell or build.
Intellectual propertyPatent claims and licensing disputes can lead to costs or limits on products.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$29.1B	$30.1B	$34.3B
Net income	$2.0B	$2.6B	$57M
Operating cash flow	$4.4B	$4.3B	$2.9B
Cash & equivalents (year end)	$4.3B	$14.8B	$5.8B
Total debt (year end)	$12.4B	$18.2B	$22.4B
Diluted shares	1.32B	1.34B	1.32B

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Debt due within one year plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator

About these numbers

The segment chart covers only part of revenue: the company reports other lines that aren't part of this breakdown.

Recent filings

Form	Filed	Period
10-Q	Sep 3, 2026	Jul 31, 2026
10-Q	Jun 2, 2026	Apr 30, 2026
10-Q	Mar 10, 2026	Jan 31, 2026
DEF 14A	Feb 11, 2026	Oct 31, 2025
10-K	Dec 18, 2025	Oct 31, 2025

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Hewlett Packard Enterprise

How does Hewlett Packard Enterprise make money?

Fiscal 2025 revenue: $34.3B. By region in FY2025: Americas (46%), EMEA (34%) and Asia Pacific and Japan (20%), as shares of total revenue. Total revenue was $34.3B. Source: 10-K for fiscal 2025, filed Dec 18, 2025.

What was Hewlett Packard Enterprise's revenue in fiscal 2025?

$34.3B, up 13.8% from fiscal 2024 ($30.1B). The year ended Oct 31, 2025; for fiscal 2023 the figure was $29.1B. Source: 10-K for fiscal 2025, filed Dec 18, 2025.

Is Hewlett Packard Enterprise profitable?

Net income was $57M in fiscal 2025 (down 97.8%; fiscal 2024 was $2.6B). That counts as a GAAP profit. The latest quarter, ended Jul 31, 2026: net income was $1.5B. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Dec 18, 2025.

What did Hewlett Packard Enterprise report in its latest quarterly filing?

For the three months to Jul 31, 2026: revenue $12.2B (up 33.7% from $9.1B) and net income $1.5B (up 404.9% from $305M). Source: 10-Q for the quarter ended Jul 31, 2026, filed Sep 3, 2026.

How much cash and debt does Hewlett Packard Enterprise have?

As of Jul 31, 2026: $6.2B of cash and cash equivalents, $20.2B of total debt. Total debt here is debt due within one year plus long-term debt, at carrying value. Source: 10-Q filed Sep 3, 2026.

What are the main risks Hewlett Packard Enterprise faces?

Hewlett Packard Enterprise's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Dec 18, 2025. Risks that are common among companies in the technology hardware, storage & peripherals industry include Competition; customer demand; security and privacy; supply and trade; intellectual property. The first: Technology markets move fast, and rivals large and small can change prices or products. Source: 10-K, Item 1A Risk Factors.

Where do these Hewlett Packard Enterprise numbers come from?

The 10-K filed Dec 18, 2025 (fiscal 2025) and the 10-Q filed Sep 3, 2026 (quarter ended Jul 31, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.

Disclosures

Editor holdings in HPE: The editor holds no position in Hewlett Packard Enterprise (HPE). As of Oct 25, 2026.
Trading rule: The editor does not buy or sell HPE from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Oct 29, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold HPE, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Hewlett Packard EnterpriseHPE	FY2025	$34.3B	+13.8%	$57M
AppleAAPL	FY2025	$416.2B	+6.4%	$112.0B
Dell	FY2026	$113.5B	+18.8%	$5.9B
SandiskSNDK	FY2026	$20.2B	+175.3%	$11.4B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.