HP Inc. (HPQ) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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HPQ Revenue Growth
Revenue Breakdown (FY 2025)
HPQ's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
HPQ Revenue Analysis (2014–2025)
As of May 8, 2026, HP Inc. (HPQ) generated trailing twelve-month (TTM) revenue of $56.23 billion, reflecting solid growth of +6.9% year-over-year. The most recent quarter (Q1 2026) recorded $14.44 billion in revenue, down 1.4% sequentially.
Looking at the longer-term picture, HPQ's 5-year compound annual growth rate (CAGR) stands at -0.5%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $63.46 billion in 2021.
Revenue diversification analysis shows HPQ's business is primarily driven by Personal Systems Group (70%), Printing (30%), and Corporate Investments (0%). With over half of revenue concentrated in Personal Systems Group, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including DELL (+19.0% YoY), AAPL (+12.8% YoY), and MSFT (+17.9% YoY), HPQ has underperformed the peer group in terms of revenue growth. Compare HPQ vs DELL →
HPQ Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HPQCurrent | $56.2B | +6.9% | -0.5% | 6.6% | |
 DELL | $113.5B | +19.0% | +5.5% | 7.2% | |
 AAPL | $416.2B | +12.8% | +8.7% | 32.0% | |
 MSFT | $281.7B | +17.9% | +14.5% | 45.6% | |
 XRX | $7.0B | +20.0% | +0.0% | -0.8% | |
 INTC | $52.9B | +1.4% | -7.5% | -0.0% |
HPQ Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $55.30B | +3.2% | $11.05B | 20.0% | $3.62B | 6.6% |
| 2024 | $53.56B | -0.3% | $11.82B | 22.1% | $3.82B | 7.1% |
| 2023 | $53.72B | -14.6% | $11.51B | 21.4% | $3.46B | 6.4% |
| 2022 | $62.91B | -0.9% | $12.26B | 19.5% | $4.56B | 7.2% |
| 2021 | $63.46B | +12.0% | $13.41B | 21.1% | $5.36B | 8.4% |
| 2020 | $56.64B | -3.6% | $10.42B | 18.4% | $3.44B | 6.1% |
| 2019 | $58.76B | +0.5% | $11.17B | 19.0% | $3.88B | 6.6% |
| 2018 | $58.47B | +12.3% | $10.67B | 18.2% | $3.83B | 6.6% |
| 2017 | $52.06B | +7.9% | $9.58B | 18.4% | $3.37B | 6.5% |
| 2016 | $48.24B | -6.3% | $9.00B | 18.7% | $3.55B | 7.4% |
Full HPQ Stock Analysis
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Start ComparisonHPQ — Frequently Asked Questions
Quick answers to the most common questions about buying HPQ stock.
Is HPQ's revenue growth accelerating or slowing?
HPQ maintains +6.9% revenue growth, in line with its 5-year CAGR of -0.5%. TTM revenue stands at $56.2B. Growth rate remains consistent with historical average.
What is HPQ's long-term revenue growth rate?
HP Inc.'s 5-year revenue CAGR of -0.5% reflects the sustained expansion pattern. Current YoY growth of +6.9% is near this long-term average.
How is HPQ's revenue distributed by segment?
HPQ reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.