Services — Total cost of net revenue
HP Services — Total cost of net revenue decreased by 3.9% to $465.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.1%, from $470.00M to $465.00M. Over 3 years (FY 2022 to FY 2025), Services — Total cost of net revenue shows relatively stable performance with a 2.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests declining service margins or rising delivery costs, whereas a decrease relative to revenue indicates improved operational efficiency or better cost management.
Detailed definition
This metric captures the direct costs incurred to deliver services, including labor, technical support infrastructure, a...
Peer comparison
Comparable to 'Cost of Services' or 'Cost of Revenue - Services' reported by technology hardware companies to determine gross margin performance for the service segment.
hpq_segment_services_total_cost_of_net_revenueHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $441.50M | $441.50M | $441.50M | $441.50M | $422.00M | $436.00M | $435.00M | $433.00M | $426.00M | $453.00M | $449.00M | $461.00M | $470.00M | $474.00M | $482.00M | $484.00M | $465.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -4.4% | +3.3% | -0.2% | -0.5% | -1.6% | +6.3% | -0.9% | +2.7% | +2.0% | +0.9% | +1.7% | +0.4% | -3.9% |
| YoY Change | — | — | — | — | -4.4% | -1.2% | -1.5% | -1.9% | +0.9% | +3.9% | +3.2% | +6.5% | +10.3% | +4.6% | +7.3% | +5.0% | -1.1% |
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Frequently Asked Questions
- What is HP's services — total cost of net revenue?
- HP (HPQ) reported services — total cost of net revenue of $465.00M in Q4 2025.
- How has HP's services — total cost of net revenue changed year-over-year?
- HP's services — total cost of net revenue decreased by 1.1% year-over-year, from $470.00M to $465.00M.
- 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?
- The direct expenses required to deliver and support the services sold to customers.