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HP HPQ Personal Systems — Operating Expenses

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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$20.06B-13.6%
Enterprise value$28.07B-16.9%
P/E7.9×-1.4×
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:CostsAndExpenses.

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 personal systems — operating expenses?
HP (HPQ) reported personal systems — operating expenses of $1.01B in Q1 2026.
How has HP's personal systems — operating expenses changed year-over-year?
HP's personal systems — operating expenses increased by 16.8% year-over-year, from $864M to $1.01B.
What does personal systems — operating expenses mean?
Encompasses the indirect costs of operating the Personal Systems segment, including research and development, sales, marketing, and administrative overhead. This metric highlights the company's investment in innovation and the cost of maintaining its market presence.