Operating Income
Operating Income
HP Operating Income decreased by 20.9% to $759.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 10.2%, from $845.00M to $759.00M. Over 4 years (FY 2021 to FY 2025), Operating Income shows a downward trend with a -12.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2014
Last reportedQ1 2026
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
Metric ID:
operating_incomeHistorical Data
20 periods
| Q1 '21 | Q2 '21 | Q3 '21 | 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 | $1.36B | $1.38B | $1.30B | $1.31B | $1.26B | $1.26B | $741.00M | $743.00M | $747.00M | $952.00M | $1.01B | $935.00M | $952.00M | $940.00M | $991.00M | $845.00M | $654.00M | $716.00M | $959.00M | $759.00M |
| QoQ Change | — | +1.4% | -6.2% | +0.8% | -3.7% | -0.1% | -41.0% | +0.3% | +0.5% | +27.4% | +6.5% | -7.8% | +1.8% | -1.3% | +5.4% | -14.7% | -22.6% | +9.5% | +33.9% | -20.9% |
| YoY Change | — | — | — | — | -7.7% | -9.1% | -42.8% | -43.1% | -40.6% | -24.2% | +36.8% | +25.8% | +27.4% | -1.3% | -2.3% | -9.6% | -31.3% | -23.8% | -3.2% | -10.2% |
Range$654.00M – $1.38B
CAGR-11.6%
Avg YoY Growth-9.9%
Median YoY Growth-9.3%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Printing | $829.00M | $715.00M | $874.00M | $801.00M | $814.00M | $689.00M | $805.00M | $765.00M |
| Personal Systems | $508.00M | $617.00M | $591.00M | $507.00M | $409.00M | $541.00M | $597.00M | $511.00M |
| Corporate Investments | -$30.00M | -$28.00M | -$37.00M | -$18.00M | -$37.00M | -$32.00M | -$34.00M | -$24.00M |
| Total | $952.00M | $940.00M | $991.00M | $845.00M | $654.00M | $716.00M | $959.00M | $759.00M |
Operating Income at Other Companies
Frequently Asked Questions
- What is HP's operating income?
- HP (HPQ) reported operating income of $759.00M in Q4 2025.
- How has HP's operating income changed year-over-year?
- HP's operating income decreased by 10.2% year-over-year, from $845.00M to $759.00M.
- 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?
- The profit a company makes from its core business operations before interest and taxes.