What is HP's operating income?

HP (HPQ) reported operating income of $612M in Q1 2026.

How has HP's operating income changed year-over-year?

HP's operating income decreased by 6.4% year-over-year, from $654M to $612M.

What is the long-term trend for HP's operating income?

Over 4 years (2021 to 2025), HP's operating income has grown at a -12.3% compound annual growth rate (CAGR), from $5.36B to $3.17B.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

HP HPQ Operating Income

Operating Income at other companies

Eastman Kodak CompanyKODK

-$1M+92.3%

AppleAAPL

$35.89B+21.3%

Zebra TechnologiesZBRA

$215M+10.3%

3D SystemsDDD

-$6.64M+81.9%

Logitech InternationalLOGI

$135.8M+28.2%

One Stop Systems, Inc.OSS

-$671.19K+71.5%

Segments

By segment

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Printing$767M-4.6%

Personal Systems$530M+29.6%

Corporate Investments-$29M-7.4%

Other financials

Income statement

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Revenue$14.4B+9.0%

Gross profit$3.0B+10.1%

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:OperatingIncomeLoss.

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 operating income?: HP (HPQ) reported operating income of $612M in Q1 2026.
How has HP's operating income changed year-over-year?: HP's operating income decreased by 6.4% year-over-year, from $654M to $612M.
What is the long-term trend for HP's operating income?: Over 4 years (2021 to 2025), HP's operating income has grown at a -12.3% compound annual growth rate (CAGR), from $5.36B to $3.17B.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.