HPQ

MKT CAP:$18B

HP Inc.

Market Cap

$18B

Technology·Computer Hardware·🇺🇸 United States·NYSE

Technology·Computer Hardware·🇺🇸·NYSE

Stock Price

$21.09-$1.03 (-4.66%)

Apr 21, 2026

Company Details

HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal S...

CEO

Bruce Dale Broussard

IPO Date

Nov 6, 1957

Website

www.hp.com

Key Metrics TTM

Revenue

$56.2B

+4.4% YoY

Net Income

$2.5B

EPS (Diluted)

$2.64

Free Cash Flow

$2.9B

Revenue / Share

$60.33

Gross Margin

20.1%

Operating Margin

5.7%

Net Margin

4.5%

FCF Margin

5.1%

P/S

0.3x

P/E

7.2x

Earnings Reports

Q1 2026

Feb 24, 2026

$14.4B+6.9%EPS $0.58

FY 2025

Dec 10, 2025

$55.3B+3.2%EPS $2.65

Q4 2025

Dec 10, 2025

$14.6B+4.2%EPS $0.84

Q3 2025

Aug 27, 2025

$13.9B+3.1%EPS $0.80

Q2 2025

May 28, 2025

$13.2B+3.3%EPS $0.42

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$17.0B	$3.4B	$1.4B
Q2 22	$16.5B	$3.3B	$1.3B
Q3 22	$14.6B	$2.9B	$1.3B
Q4 22	$14.8B	$2.7B	$767M
Q1 23	$13.8B	$2.8B	$743M
Q3 23	$13.2B	$2.8B	$952M
Q4 23	$13.8B	$3.0B	$1.0B
Q1 24	$13.2B	$2.9B	$935M
Q2 24	$12.8B	$3.0B	$952M
Q3 24	$13.5B	$2.9B	$940M
Q4 24	$14.1B	$3.0B	$991M
Q1 25	$13.5B	$2.8B	$845M
Q2 25	$13.2B	$2.7B	$654M
Q3 25	$13.9B	$2.9B	$716M
Q4 25	$14.6B	$2.9B	$1.1B
Q1 26	$14.4B	$2.8B	$759M

Valuation

Quarter	P/S	P/E
Q1 22	0.3x	2.8x
Q2 22	0.3x	2.9x
Q3 22	0.3x	2.9x
Q4 22	0.3x	5.7x
Q1 23	0.3x	7.0x
Q3 23	0.3x	7.7x
Q4 23	0.3x	8.2x
Q1 24	0.3x	6.4x
Q2 24	0.3x	6.1x
Q3 24	0.3x	6.4x
Q4 24	0.3x	6.6x
Q1 25	0.3x	6.7x
Q2 25	0.3x	7.2x
Q3 25	0.3x	6.9x
Q4 25	0.3x	7.2x
Q1 26	0.3x	7.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$1.7B	$1.4B
Q2 22	$508M	$330M
Q3 22	$394M	$199M
Q4 22	$1.9B	$1.8B
Q1 23	-$16M	-$208M
Q3 23	$976M	$839M
Q4 23	$2.0B	$1.8B
Q1 24	$121M	-$37M
Q2 24	$581M	$462M
Q3 24	$1.4B	$1.3B
Q4 24	$1.6B	$1.5B
Q1 25	$374M	$72M
Q2 25	$38M	-$145M
Q3 25	$1.7B	$1.4B
Q4 25	$1.6B	$1.4B
Q1 26	$383M	$150M

Capital Expenditures

Quarter	CapEx
Q1 22	$273M
Q2 22	$178M
Q3 22	$195M
Q4 22	$144M
Q1 23	$192M
Q3 23	$137M
Q4 23	$150M
Q1 24	$158M
Q2 24	$119M
Q3 24	$162M
Q4 24	$153M
Q1 25	$302M
Q2 25	$183M
Q3 25	$215M
Q4 25	$197M
Q1 26	$233M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+8.8%	+9.4%
Q2 22	+3.9%	+4.8%
Q3 22	-4.2%	-3.7%
Q4 22	-11.2%	-9.1%
Q1 23	-19.0%	-16.7%
Q3 23	-20.0%	-19.5%
Q4 23	-5.7%	-4.4%
Q1 24	-10.9%	-12.7%
Q2 24	-7.2%	-9.2%
Q3 24	+2.4%	+2.7%
Q4 24	+1.7%	+2.0%
Q1 25	+2.4%	+3.3%
Q2 25	+3.3%	+6.1%
Q3 25	+3.1%	+5.1%
Q4 25	+4.2%	+3.8%
Q1 26	+6.9%	+8.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$133M	0.8%
Q2 22	$70M	0.4%
Q3 22	$70M	0.5%
Q4 22	$70M	0.5%
Q1 23	$167M	1.2%
Q3 23	$91M	0.7%
Q4 23	$85M	0.6%
Q1 24	$177M	1.3%
Q2 24	$94M	0.7%
Q3 24	$96M	0.7%
Q4 24	$85M	0.6%
Q1 25	$192M	1.4%
Q2 25	$140M	1.1%
Q3 25	$100M	0.7%
Q4 25	$90M	0.6%
Q1 26	$182M	1.3%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$418M	$1.5B
Q2 22	$425M	$1.5B
Q3 22	$368M	$1.1B
Q4 22	$382M	$1.2B
Q1 23	$403M	$1.3B
Q3 23	$354M	$1.3B
Q4 23	$411M	$1.3B
Q1 24	$399M	$1.4B
Q2 24	$436M	$1.5B
Q3 24	$413M	$1.4B
Q4 24	$392M	$1.4B
Q1 25	$397M	$1.5B
Q2 25	$401M	$1.5B
Q3 25	$406M	$1.5B
Q4 25	$398M	$1.4B
Q1 26	$392M	$1.5B

Revenue Segments

Quarter	Corporate Investments	Personal Systems Group	Printing	Segment Reconciling Items
Q1 22	$1M	$12.2B	$4.8B	—
Q2 22	—	$11.5B	$5.0B	-$5M
Q3 22	—	$10.1B	$4.6B	—
Q4 22	$1M	$10.3B	$4.5B	—
Q1 23	$1M	$9.2B	$4.6B	—
Q3 23	$1M	$8.9B	$4.3B	—
Q4 23	$2M	$9.4B	$4.4B	—
Q1 24	$2M	$8.8B	$4.4B	-$1M
Q2 24	$5M	$8.4B	$4.4B	$1M
Q3 24	$7M	$9.4B	$4.1B	—
Q4 24	$11M	$9.6B	$4.5B	—
Q1 25	$11M	$9.2B	$4.3B	—
Q2 25	$16M	$9.0B	$4.2B	-$1M
Q3 25	$16M	$9.9B	$4.0B	-$1M
Q4 25	$19M	$10.4B	$4.3B	$1M
Q1 26	—	$10.3B	$4.2B	—

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q1 22	$6.9B	$4.2B	$5.9B
Q2 22	$6.9B	$3.6B	$6.0B
Q3 22	$6.4B	$3.6B	$4.7B
Q4 22	$6.4B	$3.7B	$4.6B
Q1 23	$5.8B	$3.4B	$4.6B
Q3 23	$5.9B	$3.0B	$4.3B
Q4 23	$6.0B	$3.3B	$4.5B
Q1 24	$5.4B	$3.1B	$4.7B
Q2 24	$5.6B	$2.8B	$4.4B
Q3 24	$6.1B	$3.0B	$4.4B
Q4 24	$6.2B	$3.3B	$4.6B
Q1 25	$5.5B	$3.2B	$4.8B
Q2 25	$5.8B	$3.0B	$4.4B
Q3 25	$6.1B	$3.3B	$4.5B
Q4 25	$6.1B	$3.6B	$4.9B
Q1 26	$5.6B	$3.6B	$5.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$4.5B	$0	$4.5B
Q3 22	$5.4B	$0	$5.4B
Q4 22	$3.1B	$0	$3.1B
Q1 23	$1.4B	$0	$1.4B
Q2 23	$1.9B	$0	$1.9B
Q3 23	$1.7B	$0	$1.7B
Q4 23	$3.1B	$0	$3.1B
Q1 24	$2.3B	$0	$2.3B
Q2 24	$2.4B	$0	$2.4B
Q3 24	$2.8B	$0	$2.8B
Q4 24	$3.2B	$0	$3.2B
Q1 25	$2.9B	$0	$2.9B
Q2 25	$2.7B	$0	$2.7B
Q3 25	$2.9B	$0	$2.9B
Q4 25	$3.7B	$0	$3.7B
Q1 26	$3.2B	$0	$3.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	1.09B	-4.2%	-15.4%
Q2 22	1.06B	-2.9%	-14.8%
Q3 22	1.03B	-2.5%	-13.7%
Q4 22	980M	-5.3%	-14.2%
Q1 23	996M	+1.6%	-9.0%
Q3 23	1.00B	+0.6%	-5.6%
Q4 23	1.00B	+0.2%	-3.0%
Q1 24	1.00B	-0.2%	+2.3%
Q2 24	990M	-1.2%	-0.6%
Q3 24	990M	0.0%	-1.2%
Q4 24	989M	-0.1%	-1.5%
Q1 25	957M	-3.2%	-4.5%
Q2 25	956M	-0.1%	-3.4%
Q3 25	954M	-0.2%	-3.6%
Q4 25	948M	-0.6%	-4.1%
Q1 26	932M	-1.7%	-2.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$333.9K	51K
Q2 22	$323.3K	51K
Q3 22	$287.2K	51K
Q4 22	$255.2K	58K
Q1 23	$237.9K	58K
Q3 23	$227.5K	58K
Q4 23	$238.2K	58K
Q1 24	$227.3K	58K
Q2 24	$220.7K	58K
Q3 24	$233.1K	58K
Q4 24	$242.3K	58K
Q1 25	$232.8K	58K
Q2 25	$227.9K	58K
Q3 25	$240.2K	58K
Q4 25	$266.2K	55K
Q1 26	$262.5K	55K

Revenue / Employee