HP Inc. (HPQ) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 14.41B | 14.44B | 14.64B | 13.93B | 13.22B | 13.5B | 14.05B | 13.52B | 12.8B | 13.19B | 13.82B | 13.2B | 12.91B | 13.8B | 14.8B | 14.65B | 16.49B | 17.03B | 16.68B | 15.29B |
| Revenue Growth % | 8.99% | 6.92% | 4.16% | 3.06% | 3.28% | 2.42% | 1.72% | 2.45% | -0.83% | -4.44% | -6.65% | -9.91% | -21.73% | -18.97% | -11.24% | -4.19% | 3.86% | 8.83% | 9.29% | 6.96% |
| Cost of Goods Sold | 11.39B | 11.6B | 11.68B | 11.08B | 10.48B | 10.66B | 11.05B | 10.61B | 9.78B | 10.3B | 10.83B | 10.37B | 9.99B | 11.01B | 12.08B | 11.76B | 13.16B | 13.64B | 13.41B | 11.9B |
| COGS % of Revenue | 79.07% | 80.36% | 79.77% | 79.54% | 79.28% | 78.97% | 78.65% | 78.5% | 76.38% | 78.1% | 78.4% | 78.61% | 77.42% | 79.8% | 81.64% | 80.31% | 79.79% | 80.12% | 80.42% | 77.84% |
| Gross Profit | 3.02B | 2.83B | 2.9B | 2.85B | 2.74B | 2.84B | 3B | 2.91B | 3.02B | 2.89B | 2.98B | 2.82B | 2.91B | 2.79B | 2.72B | 2.88B | 3.33B | 3.38B | 3.27B | 3.39B |
| Gross Margin % | 20.93% | 19.64% | 19.84% | 20.46% | 20.72% | 21.03% | 21.35% | 21.5% | 23.62% | 21.9% | 21.6% | 21.39% | 22.58% | 20.2% | 18.36% | 19.69% | 20.21% | 19.88% | 19.58% | 22.16% |
| Gross Profit Growth % | 10.11% | -0.18% | -3.23% | -1.89% | -9.39% | -1.66% | 0.54% | 2.98% | 3.74% | 3.62% | 9.86% | -2.15% | -12.57% | -17.67% | -16.78% | -14.88% | -3.11% | 1.84% | 21.87% | 41.58% |
| Operating Expenses | 2.4B | 2.08B | 1.83B | 2.13B | 2.08B | 2B | 2.01B | 1.97B | 2.07B | 1.95B | 1.97B | 1.87B | 2.17B | 2.04B | 1.95B | 1.63B | 2.06B | 2.03B | 2.03B | 2.01B |
| OpEx % of Revenue | 16.69% | 14.38% | 12.49% | 15.32% | 15.77% | 14.77% | 14.3% | 14.54% | 16.18% | 14.81% | 14.27% | 14.17% | 16.79% | 14.81% | 13.17% | 11.11% | 12.46% | 11.9% | 12.16% | 13.13% |
| Selling, General & Admin | 1.51B | 1.5B | 1.43B | 1.45B | 1.48B | 1.46B | 1.41B | 1.4B | 1.46B | 1.38B | 1.33B | 1.3B | 1.4B | 1.33B | 1.19B | 1.14B | 1.46B | 1.47B | 1.47B | 1.41B |
| SG&A % of Revenue | 10.51% | 10.42% | 9.77% | 10.42% | 11.2% | 10.8% | 10.02% | 10.39% | 11.42% | 10.49% | 9.6% | 9.87% | 10.82% | 9.65% | 8.03% | 7.8% | 8.88% | 8.62% | 8.84% | 9.21% |
| Research & Development | 432M | 392M | 398M | 406M | 401M | 397M | 392M | 413M | 436M | 399M | 411M | 354M | 410M | 403M | 382M | 368M | 425M | 418M | 445M | 477M |
| R&D % of Revenue | 3% | 2.72% | 2.72% | 2.91% | 3.03% | 2.94% | 2.79% | 3.06% | 3.41% | 3.03% | 2.97% | 2.68% | 3.18% | 2.92% | 2.58% | 2.51% | 2.58% | 2.45% | 2.67% | 3.12% |
| Other Operating Expenses | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 612M | 759M | 1.08B | 716M | 654M | 845M | 991M | 940M | 952M | 935M | 1.01B | 952M | 747M | 743M | 767M | 1.26B | 1.28B | 1.36B | 1.24B | 1.38B |
| Operating Margin % | 4.25% | 5.26% | 7.35% | 5.14% | 4.95% | 6.26% | 7.05% | 6.95% | 7.44% | 7.09% | 7.34% | 7.21% | 5.79% | 5.38% | 5.18% | 8.57% | 7.75% | 7.98% | 7.42% | 9.03% |
| Operating Income Growth % | -6.42% | -10.18% | 8.58% | -23.83% | -31.3% | -9.63% | -2.27% | -1.26% | 27.44% | 25.84% | 32.2% | -24.2% | -41.55% | -45.33% | -38.05% | -9.05% | -6.17% | 2.88% | 24.8% | 77.28% |
| EBITDA | 731M | 973M | 1.28B | 1.02B | 859M | 1.04B | 1.2B | 1.15B | 1.16B | 1.14B | 1.23B | 1.17B | 959M | 952M | 976M | 1.44B | 1.47B | 1.56B | 1.44B | 1.58B |
| EBITDA Margin % | 5.07% | 6.74% | 8.77% | 7.34% | 6.5% | 7.72% | 8.53% | 8.49% | 9.07% | 8.65% | 8.87% | 8.86% | 7.43% | 6.9% | 6.59% | 9.81% | 8.92% | 9.14% | 8.62% | 10.31% |
| EBITDA Growth % | -14.9% | -6.62% | 7.09% | -10.98% | -26.01% | -8.6% | -2.2% | -1.8% | 21.06% | 19.75% | 25.61% | -18.65% | -34.81% | -38.82% | -32.13% | -8.88% | -4.97% | 2.1% | 21.04% | 61.58% |
| D&A (Non-Cash Add-back) | 119M | 214M | 208M | 306M | 205M | 197M | 208M | 208M | 209M | 205M | 212M | 217M | 212M | 209M | 209M | 181M | 193M | 197M | 200M | 196M |
| EBIT | 591M | 759M | 959M | 767M | 652M | 845M | 1.01B | 976M | 959M | 949M | 1.01B | 1.11B | 770M | 737M | 803M | 1.28B | 1.31B | 1.39B | 3.61B | 1.39B |
| Net Interest Income | -119M | -88M | -125M | -143M | -146M | -141M | -147M | -149M | -162M | -156M | -156M | -171M | -183M | -175M | -130M | -96M | -74M | -61M | -61M | -68M |
| Interest Income | -21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 98M | 88M | 125M | 143M | 146M | 141M | 147M | 149M | 162M | 156M | 156M | 171M | 183M | 175M | 130M | 96M | 74M | 61M | 61M | 68M |
| Other Income/Expense | -119M | -88M | -242M | -92M | -148M | -141M | -129M | -113M | -155M | -142M | -162M | -16M | -160M | -181M | -94M | -70M | -39M | -32M | 2.31B | -55M |
| Pretax Income | 493M | 671M | 834M | 624M | 506M | 704M | 862M | 827M | 797M | 793M | 852M | 936M | 587M | 562M | 673M | 1.19B | 1.24B | 1.33B | 3.55B | 1.33B |
| Pretax Margin % | 3.42% | 4.65% | 5.7% | 4.48% | 3.83% | 5.21% | 6.13% | 6.12% | 6.23% | 6.01% | 6.17% | 7.09% | 4.55% | 4.07% | 4.55% | 8.1% | 7.51% | 7.79% | 21.31% | 8.67% |
| Income Tax | 43M | 126M | 39M | -139M | 100M | 139M | -44M | 187M | 190M | 171M | -122M | 170M | -467M | 93M | 675M | 64M | 239M | 241M | 454M | 218M |
| Effective Tax Rate % | 8.72% | 18.78% | 4.68% | -22.28% | 19.76% | 19.74% | -5.1% | 22.61% | 23.84% | 21.56% | -14.32% | 18.16% | -79.56% | 16.55% | 100.3% | 5.4% | 19.29% | 18.16% | 12.78% | 16.44% |
| Net Income | 450M | 545M | 795M | 763M | 406M | 565M | 906M | 640M | 607M | 622M | 974M | 766M | 1.05B | 469M | -2M | 1.12B | 1B | 1.09B | 3.1B | 1.11B |
| Net Margin % | 3.12% | 3.77% | 5.43% | 5.48% | 3.07% | 4.18% | 6.45% | 4.73% | 4.74% | 4.72% | 7.05% | 5.8% | 8.17% | 3.4% | -0.01% | 7.64% | 6.06% | 6.38% | 18.58% | 7.25% |
| Net Income Growth % | 10.84% | -3.54% | -12.25% | 19.22% | -33.11% | -9.16% | -6.98% | -16.45% | -42.41% | 32.62% | 48800% | -31.55% | 5.4% | -56.81% | -100.06% | 0.99% | -18.57% | 1.69% | 363.92% | 50.95% |
| Net Income (Continuing) | 450M | 545M | 795M | 763M | 406M | 565M | 906M | 640M | 607M | 622M | 974M | 766M | 1.05B | 469M | -2M | 1.12B | 1B | 1.09B | 3.1B | 1.11B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.49 | 0.58 | 0.84 | 0.80 | 0.42 | 0.59 | 0.92 | 0.65 | 0.61 | 0.62 | 0.97 | 0.76 | 1.07 | 0.47 | -0.00 | 1.08 | 0.94 | 0.99 | 2.71 | 0.92 |
| EPS Growth % | 16.67% | -1.69% | -8.7% | 23.08% | -31.15% | -4.84% | -5.15% | -14.47% | -42.99% | 31.91% | - | -29.63% | 13.83% | -52.53% | -100.07% | 17.39% | -4.08% | 19.28% | 453.06% | 76.92% |
| EPS (Basic) | 0.49 | 0.59 | 0.85 | 0.81 | 0.43 | 0.60 | 0.93 | 0.65 | 0.62 | 0.63 | 0.98 | 0.77 | 1.08 | 0.47 | -0.00 | 1.09 | 0.95 | 1.00 | 2.75 | 0.94 |
| Diluted Shares Outstanding | 925M | 932M | 948M | 954M | 956M | 957M | 989M | 990M | 990M | 1B | 1B | 1B | 998M | 996M | 979.87M | 1.03B | 1.06B | 1.09B | 1.14B | 1.2B |
| Basic Shares Outstanding | 922M | 926M | 938M | 947M | 950M | 948M | 979M | 979M | 984M | 995M | 994M | 993M | 991M | 989M | 979.87M | 1.02B | 1.05B | 1.08B | 1.13B | 1.19B |
| Dividend Payout Ratio | 60.89% | 50.83% | 33.96% | 35.65% | 67.24% | 48.32% | 29.03% | 41.88% | 44.32% | 44.21% | 26.69% | 33.81% | 24.57% | 55.22% | - | 22.79% | 26.2% | 24.95% | 7.07% | 20.76% |