Filing Flows › Hewlett Packard Enterprise (HPE) › Q3 FY25
Hewlett Packard Enterprise (HPE) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Sep 4, 2025
Hewlett Packard Enterprise (HPE) reported revenue of $9.1B for the third quarter fiscal 2025 (Q3 FY25), +18% from a year earlier and +20% from the quarter before. Operating margin was 2.7%, net earnings $305M (3.3% of revenue).
Hewlett Packard Enterprise, Q3 FY25: revenue $9.1B (+18% year over year), operating margin 2.7%, net earnings $305M, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.1B | +20% | +18% |
| Operating profit | $247M | — | -55% |
| Net earnings | $305M | — | -40% |
| Operating cash flow | $1.3B | — | +13% |
| Free cash flow | $729M | — | +19% |
What changed
Revenue was $9.1B in Q3 FY25, up 18% year over year and up 20% from the previous quarter. Server was the largest line at 54% of revenue. Server added $0.71B year over year (up 17%), 50% of the total change. Corporate Investments and Other declined 27%.
Operating profit was $0.25B, a 2.7% margin (down 4.4 points year over year). Operating profit fell $0.30B even though revenue rose $1.4B versus a year earlier, so costs grew faster than sales. Total costs grew 24% against revenue growth of 18%. The fastest-growing cost line was Other operating costs (+26%). Net earnings were $0.30B, down 40% year over year. The effective tax rate was -5.9%.
Operating cash flow was $1.3B (up 13% year over year), 428% of net earnings. Non-cash charges added back $0.69B of depreciation and amortization and $0.18B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.58B left free cash flow of $0.73B.
Questions
What was Hewlett Packard Enterprise's revenue in the third quarter fiscal 2025?
Hewlett Packard Enterprise (HPE) reported revenue of $9.1B for the third quarter fiscal 2025 (Q3 FY25), +18% from a year earlier and +20% from the quarter before.
Was Hewlett Packard Enterprise profitable in the third quarter fiscal 2025?
Operating profit was $247M (2.7% of revenue) and net earnings $305M.