HP HPQ · USD
Information Technology · Technology Hardware, Storage & Peripherals · US listing · 🇺🇸 United States
S&P 500
28.25
-0.74%
Close of 9 Nov 2026, in USD
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At a glance
Figures in USD, from our data supplier.
Revenue
$55.30bn
FY2016FY2025
Net income
$2.53bn
FY2016FY2025
Free cash flow
$2.80bn
FY2016FY2025
Shareholders' equity
−$346.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $55.30bn | $53.56bn | $53.72bn | $62.91bn | $63.46bn | $56.64bn | $58.76bn | $58.47bn | $52.06bn | $48.24bn |
| Gross profit | $11.05bn | $11.82bn | $11.51bn | $12.26bn | $13.41bn | $10.42bn | $11.17bn | $10.67bn | $9.58bn | $9.00bn |
| Research and development | $1.60bn | $1.64bn | $1.58bn | $1.65bn | $1.85bn | $1.48bn | $1.50bn | $1.40bn | $1.19bn | $1.21bn |
| Operating income | $3.62bn | $3.82bn | $3.46bn | $4.56bn | $5.36bn | $3.44bn | $3.88bn | $3.83bn | $3.37bn | $3.55bn |
| Net income | $2.53bn | $2.77bn | $3.26bn | $3.13bn | $6.54bn | $2.81bn | $3.15bn | $5.33bn | $2.53bn | $2.50bn |
| Diluted earnings per share | 2.67 | 2.81 | 3.25 | 3.20 | 5.73 | 2.08 | 2.12 | 3.33 | 1.50 | 1.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $41.77bn | $39.91bn | $37.00bn | $38.49bn | $38.60bn | $34.68bn | $33.47bn | $34.62bn | $32.91bn | $29.01bn |
| Cash and short-term investments | $3.69bn | $3.24bn | $3.11bn | $3.15bn | $4.30bn | $5.14bn | $4.54bn | $5.88bn | $8.15bn | $6.29bn |
| Total liabilities | $42.12bn | $41.23bn | $38.07bn | $41.52bn | $40.25bn | $36.91bn | $34.66bn | $35.26bn | $36.32bn | $32.90bn |
| Debt | $9.67bn | $9.67bn | $9.48bn | $11.01bn | $7.49bn | $6.22bn | $5.14bn | $5.99bn | $7.82bn | $6.81bn |
| Shareholders' equity | −$346.0m | −$1.32bn | −$1.07bn | −$3.02bn | −$1.64bn | −$2.23bn | −$1.19bn | −$639.0m | −$3.41bn | −$3.89bn |
| Shares outstanding | 948m | 989m | 1,004m | 980m | 1,142m | 1,356m | 1,486m | 1,598m | 1,687m | 1,729m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $3.70bn | $3.75bn | $3.57bn | $4.46bn | $6.41bn | $4.32bn | $4.65bn | $4.53bn | $3.68bn | $3.23bn |
| Capital spending | −$897.0m | −$592.0m | −$609.0m | −$791.0m | −$582.0m | −$580.0m | −$671.0m | −$546.0m | −$402.0m | −$433.0m |
| Free cash flow | $2.80bn | $3.16bn | $2.96bn | $3.67bn | $5.83bn | $3.74bn | $3.98bn | $3.98bn | $3.27bn | $2.80bn |
| Dividends paid | −$1.09bn | −$1.07bn | −$1.04bn | −$1.04bn | −$938.0m | −$997.0m | −$970.0m | −$899.0m | −$894.0m | −$858.0m |
Latest quarters
By quarter end
| Jul 2026 | Apr 2026 | Jan 2026 | Oct 2025 | Jul 2025 | Apr 2025 | Jan 2025 | Oct 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.68bn | $14.41bn | $14.44bn | $14.64bn | $13.93bn | $13.22bn | $13.50bn | $14.05bn |
| Gross profit | $2.94bn | $3.02bn | $2.83bn | $2.90bn | $2.85bn | $2.74bn | $2.84bn | $3.00bn |
| Operating income | $892.0m | $612.0m | $759.0m | $959.0m | $716.0m | $654.0m | $845.0m | $991.0m |
| Net income | $661.0m | $450.0m | $545.0m | $795.0m | $763.0m | $406.0m | $565.0m | $906.0m |
| Diluted earnings per share | 0.71 | 0.49 | 0.59 | 0.84 | 0.80 | 0.43 | 0.60 | 0.92 |
| Cash from operations | $1.74bn | $926.0m | $383.0m | $1.62bn | $1.66bn | $38.0m | $374.0m | $1.62bn |
| Capital spending | −$187.0m | −$170.0m | −$233.0m | −$197.0m | −$215.0m | −$183.0m | −$302.0m | −$153.0m |
| Free cash flow | $1.55bn | $756.0m | $150.0m | $1.43bn | $1.45bn | −$145.0m | $72.0m | $1.47bn |
| Total assets | $45.70bn | $42.94bn | $41.53bn | $41.77bn | $39.85bn | $38.80bn | $38.93bn | $39.91bn |
| Cash and short-term investments | $4.17bn | $3.70bn | $3.15bn | $3.69bn | $2.87bn | $2.70bn | $2.88bn | $3.24bn |
| Debt | $9.57bn | $10.08bn | $10.12bn | $10.07bn | $10.01bn | $11.15bn | $10.12bn | $10.11bn |
| Shareholders' equity | −$92.0m | −$144.0m | −$766.0m | −$346.0m | −$901.0m | −$1.28bn | −$1.07bn | −$1.32bn |
Financial ratios
Data as of 28 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 20.0% | 22.1% | 21.4% | 19.5% | 21.1% | 18.4% |
| Operating margin | 6.6% | 7.1% | 6.4% | 7.2% | 8.4% | 6.1% |
| Net margin | 4.6% | 5.2% | 6.1% | 5.0% | 10.3% | 5.0% |
| Return on equity | -730.9% | -209.8% | -305.2% | -103.5% | -397.9% | -126.3% |
| Return on assets | 6.1% | 7.0% | 8.8% | 8.1% | 16.9% | 8.1% |
| Free cash flow yield | 15.5% | 14.0% | 13.3% | 17.1% | 19.6% | 11.5% |
| Revenue growth | 3.2% | -0.3% | -14.6% | -0.9% | 12.0% | -3.6% |
| Earnings growth | -8.9% | -15.0% | 4.2% | -52.1% | 132.4% | -10.7% |
| Current ratio | 0.77x | 0.72x | 0.73x | 0.75x | 0.76x | 0.79x |
| Debt to equity | -29.10x | -7.64x | -9.27x | -3.77x | -4.77x | -2.91x |
| Equity ratio | -0.8% | -3.3% | -2.9% | -7.9% | -4.3% | -6.4% |
| Interest coverage | 7.16x | 6.29x | 5.05x | 12.70x | 21.10x | 14.40x |
| R&D as a share of sales | 2.9% | 3.1% | 2.9% | 2.6% | 2.9% | 2.6% |
| Buybacks as a share of market value | 4.1% | 1.5% | -2.5% | 14.2% | 15.8% | 8.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.2% | -0.5% | 0.7% |
| Operating income | -7.4% | 1.0% | -0.8% |
| Net income | -6.9% | -2.1% | -5.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.0% | 20.7% | 20.4% | 19.7% |
| Operating margin | 6.8% | 6.9% | 7.0% | 7.0% |
| Net margin | 4.9% | 5.2% | 6.1% | 6.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.3 | 11.6 | 9.3 | 8.4 | 6.6 | 11.8 | 9.7 | 6.1 | 14.0 | 10.3 |
| Price to sales | 0.4 | 0.6 | 0.6 | 0.4 | 0.7 | 0.6 | 0.5 | 0.6 | 0.7 | 0.5 |
Market value over time
30 Sept 2016 to 25 Sept 2026, in USD
$26.79bn$29.02bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | -28% | 7% | 14% | -26% | 51% | 17% | 2% | -6% | 42% | 30% |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 9 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.20 | 1.158 | 1.102 | 1.05 | 1.00 | 0.775 | 0.705 | 0.641 |
- 2-for-1 split · 30 Oct 2000
- 2-for-1 split · 16 Jul 1996
- 2-for-1 split · 17 Apr 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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