Hudson Pacific Properties, Inc. (HPP) Revenue History
Annual and quarterly revenue from 2007 to present
HPP Revenue Over Time (2007–2025)
HPP Revenue Growth History
14 of 18 years with positive growth- FY2007 revenue growth
- N/A
- FY2008 revenue growth
- +411.1%
- FY2009 revenue growth
- +25.1%
- FY2010 revenue growth
- +36.2%
- FY2011 revenue growth
- +134.5%
- FY2012 revenue growth
- +16.9%
- FY2013 revenue growth
- +23.7%
- FY2014 revenue growth
- +23.3%
- FY2015 revenue growth
- +105.5%
- FY2016 revenue growth
- +22.8%
- FY2017 revenue growth
- +13.8%
- FY2018 revenue growth
- +0.0%
- FY2019 revenue growth
- +12.2%
- FY2020 revenue growth
- -1.4%
- FY2021 revenue growth
- +11.3%
- FY2022 revenue growth
- +14.4%
- FY2023 revenue growth
- -7.2%
- FY2024 revenue growth
- -11.6%
- FY2025 revenue growth
- -1.3%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $181.9M | -8.4% |
| Q4 2025 | $256.0M | +22.1% |
| Q3 2025 | $186.6M | -6.9% |
| Q2 2025 | $190.0M | -12.8% |
| Q1 2025 | $198.5M | -7.3% |
| Q4 2024 | $209.7M | -5.4% |
| Q3 2024 | $200.4M | -13.4% |
| Q2 2024 | $218.0M | -10.8% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
HPP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
HPP Revenue Analysis (2007–2025)
Current Revenue & Growth
As of June 20, 2026, Hudson Pacific Properties, Inc. (HPP) generated trailing twelve-month (TTM) revenue of $814.5 million, reflecting moderate decline in growth of -8.4% year-over-year. The most recent quarter (Q1 2026) recorded $181.9 million in revenue, down 29.0% sequentially.
Historical Growth Trajectory
HPP's 5-year compound annual growth rate (CAGR) stands at +0.6%, indicating moderate growth over time. The 3-year CAGR of -6.8% is below the 5-year average, signalling a growth deceleration in recent years. Hudson Pacific Properties, Inc.'s highest annual revenue of $1.03 billion was recorded in 2022.
Revenue by Segment
HPP's revenue is primarily driven by Office Segment (84%), and Studio Segment (16%). With over half of revenue concentrated in Office Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Real Estate sector peers — including DEI (+1.8% YoY), KRC (-2.0% YoY), and PDM (-25.7% YoY) — HPP has underperformed the peer group in revenue growth. Compare HPP vs DEI →
HPP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HPPCurrent | $814M | -8.4% | +0.6% | -5.7% | |
 DEI | $1.0B | +1.8% | +2.5% | 19.0% | |
 KRC | $1.1B | -2.0% | +4.4% | 28.4% | |
 PDM | $565M | -25.7% | +1.1% | 14.1% | |
 HIW | $806M | +0.4% | +1.8% | 26.0% | |
 BXP | $3.5B | +2.2% | +4.7% | 55.7% |
HPP Historical Revenue Data (2007–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $831.1M | -1.3% | $-350,159,000 | -42.1% | $-47,555,000 | -5.7% |
| 2024 | $842.1M | -11.6% | $388.0M | 46.1% | $-45,873,000 | -5.4% |
| 2023 | $952.3M | -7.2% | $501.8M | 52.7% | $29.0M | 3.0% |
| 2022 | $1.03B | +14.4% | $612.4M | 59.7% | $159.7M | 15.6% |
| 2021 | $896.8M | +11.3% | $561.0M | 62.6% | $146.0M | 16.3% |
| 2020 | $805.7M | -1.4% | $505.5M | 62.7% | $427.6M | 53.1% |
| 2019 | $817.4M | +12.2% | $515.2M | 63.0% | $443.3M | 54.2% |
| 2018 | $728.4M | +0.0% | $460.2M | 63.2% | $148.7M | 20.4% |
| 2017 | $728.1M | +13.8% | $474.0M | 65.1% | $136.6M | 18.8% |
| 2016 | $639.6M | +22.8% | $410.5M | 64.2% | $89.4M | 14.0% |
| 2015 | $520.9M | +105.5% | $331.0M | 63.5% | $47.4M | 9.1% |
| 2014 | $253.4M | +23.3% | $149.1M | 58.9% | $48.7M | 19.2% |
| 2013 | $205.6M | +23.7% | $116.5M | 56.7% | $28.0M | 13.6% |
| 2012 | $166.2M | +16.9% | $90.2M | 54.3% | $14.7M | 8.9% |
| 2011 | $142.2M | +134.5% | $75.0M | 52.7% | $17.3M | 12.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
19+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
HPP — Frequently Asked Questions
Quick answers to the most common questions about buying HPP stock.
Is HPP's revenue growth accelerating or slowing?
HPP revenue is declining -8.4% year-over-year. TTM revenue fell to $814M, contrasting with the 5-year CAGR of +0.6%. The reversal reflects either macro headwinds or company-specific challenges.
What is HPP's revenue history from 2007 to 2026?
Hudson Pacific Properties, Inc. (HPP) revenue history spans 2007 to 2026. TTM revenue as of 2026 is $814M, growing at -8.4% YoY. The 5-year CAGR is +0.6%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HPP's long-term revenue growth rate (CAGR)?
Hudson Pacific Properties, Inc.'s 5-year revenue CAGR of +0.6% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -8.4% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HPP.
Why does HPP's quarterly revenue fluctuate?
HPP quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Hudson Pacific Properties, Inc.'s revenue data from 2007 to 2026 shows full historical quarterly detail on this page.
How is HPP's revenue distributed by segment?
HPP reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does HPP's revenue compare to industry peers?
Hudson Pacific Properties, Inc. (HPP) with TTM revenue of $814M and -8.4% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.