HP Inc. (HPQ)

HP Inc. Income Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021
Revenue	55,295	53,559	53,718	62,910	63,460
Revenue Growth (YoY)	3.24%	-0.30%	-14.61%	-0.87%	12.04%
Cost of Revenue	43,903	41,741	42,210	50,647	50,053
Gross Profit	11,392	11,818	11,508	12,263	13,407
Selling, General & Admin	5,795	5,646	5,242	4,869	5,728
Research & Development	1,602	1,640	1,578	1,653	1,848
Amortization of Goodwill & Intangibles	345	318	350	228	154
Operating Expenses	7,742	7,604	7,170	6,750	7,730
Operating Income	3,650	4,214	4,338	5,513	5,677
Interest Expense	-430	-452	-548	-359	-254
Interest & Investment Income	89	78	67	46	31
Currency Exchange Gain (Loss)	-11	44	-65	41	-65
Other Non Operating Income (Expenses)	-232	-218	-56	-358	210
EBT Excluding Unusual Items	3,066	3,666	3,736	4,883	5,599
Merger & Restructuring Charges	-372	-316	-823	-534	-297
Legal Settlements	52	-	-	-	2,304
Other Unusual Items	-78	-71	24	-25	-38
Pretax Income	2,668	3,279	2,937	4,324	7,568
Income Tax Expense	139	504	-326	1,192	1,027
Earnings From Continuing Operations	2,529	2,775	3,263	3,132	6,541
Net Income	2,529	2,775	3,263	3,132	6,541
Net Income to Common	2,529	2,775	3,263	3,132	6,541
Net Income Growth	-8.87%	-14.96%	4.18%	-52.12%	129.99%
Shares Outstanding (Basic)	946	979	992	1,038	1,208
Shares Outstanding (Diluted)	953	989	1,000	1,050	1,220
Shares Change (YoY)	-3.64%	-1.10%	-4.76%	-13.93%	-14.09%
EPS (Basic)	2.67	2.83	3.29	3.02	5.41
EPS (Diluted)	2.65	2.81	3.26	2.98	5.36
EPS Growth	-5.69%	-13.80%	9.40%	-44.40%	168.00%
Free Cash Flow	2,800	3,157	2,978	3,698	5,827
Free Cash Flow Per Share	2.94	3.19	2.98	3.52	4.78
Dividend Per Share	1.158	1.100	1.050	1.000	0.780
Dividend Growth	5.24%	4.76%	5.00%	28.21%	11.43%
Gross Margin	20.60%	22.07%	21.42%	19.49%	21.13%
Operating Margin	6.60%	7.87%	8.08%	8.76%	8.95%
Profit Margin	4.57%	5.18%	6.07%	4.98%	10.31%
Free Cash Flow Margin	5.06%	5.89%	5.54%	5.88%	9.18%
EBITDA	4,474	5,044	5,188	6,293	6,462
EBITDA Margin	8.09%	9.42%	9.66%	10.00%	10.18%
D&A For EBITDA	824	830	850	780	785
EBIT	3,650	4,214	4,338	5,513	5,677
EBIT Margin	6.60%	7.87%	8.08%	8.76%	8.95%
Effective Tax Rate	5.21%	15.37%	-	27.57%	13.57%
Revenue as Reported	55,295	53,559	53,718	62,910	-
Advertising Expenses	718	628	611	696	829

Updated Nov 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q