HP (HPQ) reported SG&A of $1.51B in Q1 2026.

How has HP's SG&A changed year-over-year?

HP's SG&A increased by 2.3% year-over-year, from $1.48B to $1.51B.

What is the long-term trend for HP's SG&A?

Over 4 years (2021 to 2025), HP's SG&A has grown at a 0.4% compound annual growth rate (CAGR), from $5.73B to $5.82B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

HP HPQ SG&A

SG&A at other companies

Eastman Kodak CompanyKODK

$48M+6.7%

AppleAAPL

$7.48B+11.1%

3D SystemsDDD

$31.35M-37.0%

One Stop Systems, Inc.OSS

$2.44M+28.1%

Dell TechnologiesDELL

$3.14B+6.0%

Corsair Gaming, Inc.CRSR

$84.99M-2.3%

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$22.07B-7.3%

Enterprise value$30.07B-12.4%

P/E8.6×-0.8×

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:SellingGeneralAndAdministrativeExpense.

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 SG&A?: HP (HPQ) reported SG&A of $1.51B in Q1 2026.
How has HP's SG&A changed year-over-year?: HP's SG&A increased by 2.3% year-over-year, from $1.48B to $1.51B.
What is the long-term trend for HP's SG&A?: Over 4 years (2021 to 2025), HP's SG&A has grown at a 0.4% compound annual growth rate (CAGR), from $5.73B to $5.82B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.