What is HP's contract liabilities?

HP (HPQ) reported contract liabilities of $1.67B in Q1 2026.

How has HP's contract liabilities changed year-over-year?

HP's contract liabilities increased by 8.0% year-over-year, from $1.54B to $1.67B.

What is the long-term trend for HP's contract liabilities?

Over 5 years (2020 to 2025), HP's contract liabilities has grown at a 8.8% compound annual growth rate (CAGR), from $1.07B to $1.63B.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

HP HPQ Contract Liabilities

Contract Liabilities at other companies

Zebra TechnologiesZBRA

$398M+28.8%

3D SystemsDDD

$2.91M-3.3%

Dell TechnologiesDELL

$14.26B+14.9%

Xerox Holdings CorporationXRX

$271M+78.3%

Logitech InternationalLOGI

——

Best BuyBBY

——

Other financials

Income statement

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Revenue$14.4B+9.0%

Gross profit$3.0B+10.1%

Operating income$612.0M-6.4%

Net income$450.0M+10.8%

EPS (diluted)$0.49+16.7%

Balance sheet

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Cash & equivalents$3.7B+35.6%

Total debt$11.7B-11.8%

Total equity-$144.0M+88.7%

Total assets$42.9B+10.7%

Cash flow

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Operating cash flow$926.0M+2,337%

CapEx$170.0M-7.1%

Free cash flow$756.0M+621%

Valuation

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Market cap$22.41B-7.1%

Enterprise value$30.42B-12.3%

P/E8.8×-0.8×

P/S0.4×-0.1×

Profitability

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Gross margin20.3%-0.8pp

Operating margin5.3%-1.0pp

Net margin4.4%-0.2pp

FCF margin6.6%+1.7pp

Returns & leverage

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Return on equity-359.6%—

Debt / equity0.4×—

Current ratio0.8×+0.1×

Where this comes from

Reported directly by HP in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: HP’s 10-Q, filed May 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is HP's contract liabilities?: HP (HPQ) reported contract liabilities of $1.67B in Q1 2026.
How has HP's contract liabilities changed year-over-year?: HP's contract liabilities increased by 8.0% year-over-year, from $1.54B to $1.67B.
What is the long-term trend for HP's contract liabilities?: Over 5 years (2020 to 2025), HP's contract liabilities has grown at a 8.8% compound annual growth rate (CAGR), from $1.07B to $1.63B.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.