HP Inc.
HPQ Technology Computer Hardware
HP Inc.’s revenue for fiscal 2025 (year ended October 2025) was $55.3 billion, up 3.24% from fiscal 2024. In the quarter to July 2026, revenue grew 12.5%, EPS fell 11.1%, free cash flow grew 7.05% and total debt fell 10.4%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for twenty-five consecutive years.
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HP Inc. (HPQ) Operating margin
HP Inc.'s operating margin over the twelve months to 31 July 2026 was 5.45%, down 0.3 percentage points from fiscal 2025 (5.74%). Over the past ten years it has ranged from 5.74% (fiscal 2025) to 8.44% (fiscal 2021) — the current reading is the lowest in ten years. That is above the Computer Hardware industry median of −0.80% and above the Technology sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 5.74% | (1.39) |
| FY2024 | 7.13% | 0.70 |
| FY2023 | 6.43% | (0.82) |
| FY2022 | 7.25% | (1.19) |
| FY2021 | 8.44% | 2.36 |
| FY2020 | 6.08% | (0.52) |
| FY2019 | 6.60% | 0.05 |
| FY2018 | 6.55% | 0.08 |
| FY2017 | 6.47% | (0.89) |
| FY2016 | 7.36% | (0.26) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jul 2026 | 5.69% | 1.44 |
| Apr 2026 | 4.25% | (1.01) |
| Jan 2026 | 5.26% | (1.29) |
| Oct 2025 | 6.55% | 1.41 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| WDC Western Digital Corporation compare | 34.5% |
| STX Seagate Technology Holdings PLC compare | 33.6% |
| LOGI Logitech International S.A. compare | 17.7% |
| SMCI Super Micro Computer, Inc. compare | 7.09% |
| HPQ HP Inc. | 5.45% |
| P Everpure, Inc. compare | 5.26% |
| IONQ IonQ, Inc. compare | −408.2% |
| RGTI Rigetti Computing, Inc. compare | −727.6% |
| QBTS D-Wave Quantum Inc. compare | −1,372.9% |
| Computer Hardware industry median | −0.80% |
| Technology sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on HPQ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement