HP HPQ Services — Total cost of net revenue

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Questions, answered.

What is HP's services — total cost of net revenue?

HP (HPQ) reported services — total cost of net revenue of $474M in Q1 2026.

How has HP's services — total cost of net revenue changed year-over-year?

HP's services — total cost of net revenue decreased by 0.0% year-over-year, from $474M to $474M.

What is the long-term trend for HP's services — total cost of net revenue?

Over 3 years (2022 to 2025), HP's services — total cost of net revenue has grown at a 2.6% compound annual growth rate (CAGR), from $1.77B to $1.91B.

What does services — total cost of net revenue mean?

This metric captures the direct costs incurred to deliver services, including labor, technical support infrastructure, and third-party service provider fees. It is a key indicator of the operational efficiency and cost structure associated with maintaining the company's service-based business model. Monitoring this helps evaluate the scalability of the service segment relative to its revenue generation.