Hewlett Packard Enterprise (HPE) FY2024 results: revenue $30.1 billion, up 3.4% on the year
Hewlett Packard Enterprise Co. (HPE) reported revenue of $30.1 billion for fiscal 2024, the year ended 31 October 2024, up 3.4% on the year before. Net income was $2.6 billion, up 27.4%, and diluted earnings per share $1.93. The figures are the company's own, from the 10-K it filed with the SEC on 19 December 2024.
Revenue
$30.1 billion
+3.4% on the year
FY2017FY2024
Operating margin
7.3%
7.2% a year earlier
FY2017FY2024
Net income
$2.6 billion
+27.4% on the year
FY2017FY2024
Diluted EPS
$1.93
+25.3% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
4,341
4,428
4,593
-2.0%
Capital expenditure
2,367
2,828
3,122
-16.3%
Free cash flow
1,974
1,600
1,471
+23.4%
Free cash flow margin
6.6%
5.5%
5.2%
Cash from investing
-53.0
-3,284
-2,087
Cash from financing
6,283
-1,362
-1,796
Depreciation and amortisation
2,564
2,616
2,480
-2.0%
Share-based compensation
430
428
391
+0.5%
Buybacks
150
421
512
-64.4%
Dividends paid
676
619
621
+9.2%
Dividend per share
$0.52
$0.48
$0.48
+8.3%
Diluted shares, weighted
1,337m
1,316m
1,322m
+1.6%
Shares outstanding at period end
1,297m
1,283m
1,281m
+1.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
24,816
21,182
19,864
+17.2%
Non-controlling interest
64.0
56.0
45.0
+14.3%
Debt
18,246
12,355
12,465
+47.7%
Operating lease liabilities
1,309
966
851
+35.5%
Finance lease liabilities
32.0
38.0
43.0
-15.8%
Other liabilities
26,795
22,556
23,855
+18.8%
Total liabilities and equity
71,262
57,153
57,123
+24.7%
Fixed assets
5,664
5,989
5,784
-5.4%
Goodwill
18,086
17,988
17,403
+0.5%
Intangible assets
510
654
733
-22.0%
Securities held for sale or to maturity
117
119
124
-1.7%
Cash and equivalents
14,846
4,270
4,163
+247.7%
Receivables
3,550
3,481
4,101
+2.0%
Inventory
7,810
4,607
5,161
+69.5%
Other assets
20,679
20,045
19,654
+3.2%
Total assets
71,262
57,153
57,123
+24.7%
10-K for the year ended 31 October 2024, filed 19 December 2024: the filing.