HP Inc. (HPQ) financials
HP revenue and earnings by year
HP's revenue was $55.3 billion in the fiscal year to October 31, 2025, up 3.2% from the year before. Net income was $2.53 billion, 4.6% of revenue. Since the fiscal year to October 31, 2016, revenue has grown 1.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 55.3 | 53.6 | 53.7 | 62.9 | 63.5 | 56.6 | 58.8 | 58.5 | 52.1 | 48.2 |
| Revenue growth | 3.2% | -0.3% | -14.6% | -0.9% | 12.0% | -3.6% | 0.5% | 12.3% | 7.9% | — |
| Gross profit | 11.4 | 11.8 | 11.5 | 12.3 | 13.4 | 10.4 | 11.2 | 10.7 | 9.6 | 9.0 |
| Gross margin | 20.6% | 22.1% | 21.4% | 19.5% | 21.1% | 18.4% | 19.0% | 18.2% | 18.4% | 18.7% |
| Operating income | 3.2 | 3.8 | 3.5 | 4.6 | 5.4 | 3.4 | 3.9 | 3.8 | 3.4 | 3.5 |
| Operating margin | 5.7% | 7.1% | 6.4% | 7.2% | 8.4% | 6.1% | 6.6% | 6.6% | 6.5% | 7.4% |
| Net income | 2.5 | 2.8 | 3.3 | 3.1 | 6.5 | 2.8 | 3.2 | 5.3 | 2.5 | 2.5 |
| Net margin | 4.6% | 5.2% | 6.1% | 5.0% | 10.3% | 5.0% | 5.4% | 9.1% | 4.9% | 5.2% |
| Diluted EPS | $2.65 | $2.81 | $3.26 | $2.98 | $5.36 | $1.98 | $2.07 | $3.26 | $1.48 | $1.43 |
| Free cash flow | 2.8 | 3.2 | 3.0 | 3.7 | 5.8 | 3.7 | 4.0 | 4.2 | 3.3 | 2.8 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open HPQ in Markets.
How HP makes money
Revenue by segment in the quarter to July 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $14.8B | 94.6% |
| Services | $852M | 5.4% |
See also: HPQ valuation and P/E history · HPQ returns
No forecast, no recommendation. This page describes HP Inc. from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.