Sunday 1 November 2026 Export HPQ’s income statement to Excel — free account

HP Inc.

HP Inc.’s revenue for fiscal 2025 (year ended October 2025) was $55.3 billion, up 3.24% from fiscal 2024.

Revenue: +12.5%
EPS: −11.1%
Free cash flow: +7.05%
Total debt: −10.4%

Quarter to July 2026, against a year earlier

28.78 3.05 −9.58%

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Market cap: $28.7B
P/E: 10.9×
Fwd P/E: 11.2×
Dividend yield: 4.17%
F-score: 5/9
Altman Z: 1.68
Beneish M: −2.49
Dividend safety: 81/100

Overview Business Profile Earnings & Analysis Segments Filings

HP Inc. (HPQ) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by segment, and margins
Personal Systems	38,532	69.68%
Printing	16,702	30.21%
Corporate Investments	62	0.11%
Gross margin		20.60%
Operating margin		5.74%
Pre-tax margin		4.83%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022
Products	52,002 94.04%	50,453 94.20%	50,660 94.31%	60,041 95.44%
Services	3,293 5.96%	3,106 5.80%	3,058 5.69%	2,869 4.56%
Revenue	55,295	53,559	53,718	62,910

Gross profit by product or service $m, and margin

	FY2025	FY2024	FY2023	FY2022
Products	‡	‡	‡	‡
Services	‡	‡	‡	‡
Gross profit	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2015	FY2014	FY2010
Personal Systems	38,532 69.68%	36,195 67.58%	35,684 66.43%	44,011 69.96%	43,332 68.28%	38,996 68.85%	38,694 65.86%	37,661 64.41%	33,321 64.01%	—	—	—
Printing	16,702 30.21%	17,338 32.37%	18,029 33.56%	18,902 30.05%	20,128 31.72%	17,641 31.15%	20,066 34.15%	20,805 35.58%	18,728 35.98%	21,232 41.26%	23,211 40.97%	—
Corporate Investments	62 0.11%	25 0.05%	7 0.01%	2 0.00%	3 0.00%	2 0.00%	2 0.00%	5 0.01%	8 0.02%	20 0.04%	296 0.52%	214 0.17%
Personal Systems Group	—	—	—	—	—	—	—	—	—	31,520 61.25%	34,387 60.70%	40,003 31.74%
Services	—	—	—	—	—	—	—	—	—	—	—	35,169 27.90%
Imaging and Printing Group	—	—	—	—	—	—	—	—	—	—	—	25,941 20.58%
Enterprise Storage Servers and Networking	—	—	—	—	—	—	—	—	—	—	—	19,068 15.13%
Financial Services	—	—	—	—	—	—	—	—	—	—	—	3,037 2.41%
Software Services	—	—	—	—	—	—	—	—	—	—	—	2,602 2.06%
Eliminations	—	—	—	—	—	—	—	—	—	(1,309) (2.54%)	(1,243) (2.19%)	—
Segment Reconciling Items	—	—	—	—	—	—	—	—	—	—	—	126,033
Reportable Segment [Member] (Deprecated 2013-01-31)	—	—	—	—	—	—	—	—	—	—	—	126,033
Revenue	55,295	53,559	53,718	62,910	63,460	56,638	58,756	58,472	52,056	51,463	56,651	126,033

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2015	FY2014	FY2010
Printing	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Personal Systems	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate Investments	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Personal Systems Group	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Imaging and Printing Group	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Enterprise Storage Servers and Networking	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Software Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Financial Services	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008
Other countries	36,083 65.26%	34,769 64.92%	34,889 64.95%	41,284 65.62%	41,040 64.67%	36,412 64.29%	38,151 64.93%	37,870 64.77%	32,735 62.88%	30,196 62.60%	33,717 65.52%	38,422 67.82%	—	—	—	—	—	—
United States	19,212 34.74%	18,790 35.08%	18,829 35.05%	21,626 34.38%	22,420 35.33%	20,226 35.71%	20,605 35.07%	20,602 35.23%	19,321 37.12%	18,042 37.40%	17,746 34.48%	18,229 32.18%	40,284 35.87%	42,140 35.01%	44,111 34.67%	44,542 35.34%	41,314 36.07%	36,932 31.20%
Non U S	—	—	—	—	—	—	—	—	—	—	—	—	72,014 64.13%	78,217 64.99%	83,134 65.33%	81,491 64.66%	73,238 63.93%	81,432 68.80%
Also reported: a second breakdown of the same revenue
Americas	23,545 42.58%	23,251 43.41%	23,095 42.99%	26,544 42.19%	27,491 43.32%	24,413 43.10%	25,244 42.96%	25,644 43.86%	23,891 45.89%	—	—	—	—	—	—	—	—	—
Europe, Middle East and Africa	18,596 33.63%	18,044 33.69%	17,819 33.17%	21,300 33.86%	22,216 35.01%	19,624 34.65%	20,275 34.51%	20,470 35.01%	17,507 33.63%	—	—	—	—	—	—	—	—	—
Asia-Pacific and Japan	13,154 23.79%	12,264 22.90%	12,804 23.84%	15,066 23.95%	13,753 21.67%	12,601 22.25%	13,237 22.53%	12,358 21.13%	10,658 20.47%	—	—	—	—	—	—	—	—	—
Revenue	55,295	53,559	53,718	62,910	63,460	56,638	58,756	58,472	52,056	48,238	51,463	56,651	112,298	120,357	127,245	126,033	114,552	118,364

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Accounts payable days	Q3 FY2026	151.00	138.00	+9.42%
Accounts receivable days	Q3 FY2026	41.00	33.00	+24.24%
Commercial PS units	Q1 FY2026	11.0%	6.00%	—
Consumer PS units	Q1 FY2026	14.0%	—	—
Inventory days	Q3 FY2026	73.00	68.00	+7.35%
Remaining performance obligations	Q3 FY2026	$4.2B	$4.0B	+5.00%
Total units	Q1 FY2026	12.0%	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023	Q2 FY2023	Q1 FY2023	Q4 FY2022	Q3 FY2022	Q2 FY2022	Q1 FY2022	Q4 FY2021	Q3 FY2021	Q2 FY2021	Q1 FY2021	Q4 FY2020	Q3 FY2020	Q2 FY2020	Q1 FY2020	Q4 FY2019	Q3 FY2019	Q2 FY2019	Q1 FY2019
Accounts payable days	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Accounts receivable days	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Commercial PS units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Consumer PS units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Inventory days	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Remaining performance obligations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Total units	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.