financial statements

The full income statement, balance sheet, and cash-flow statement for HP Inc. (HPQ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofOct 31 ’25	as ofOct 31 ’24	as ofOct 31 ’23	as ofOct 31 ’22	as ofOct 31 ’21
Revenue	55.3B YoY+3.2%	53.6B YoY-0.3%	53.7B YoY-14.6%	62.9B YoY-0.9%	63.5B YoY+12.0%
	11.4B YoY-3.6%	11.8B YoY+2.7%	11.5B YoY-6.2%	12.3B	—
Cost of revenue	43.9B YoY+5.2%	41.7B YoY-1.1%	42.2B YoY-16.7%	50.6B YoY+1.2%	50.1B YoY+8.3%
Research & development	1.60B YoY-2.3%	1.64B YoY+3.9%	1.58B YoY-4.5%	1.65B YoY-10.6%	1.85B YoY+25.1%
Selling, general & administrative	5.82B YoY+2.9%	5.66B YoY+5.6%	5.36B YoY+1.8%	5.26B YoY-8.1%	5.73B YoY+16.9%
Restructuring	327M YoY+40.3%	233M YoY-47.5%	444M YoY+130.1%	193M YoY-15.7%	229M YoY-37.6%
Amortization of intangibles	345M YoY+8.5%	318M YoY-9.1%	350M YoY+53.5%	228M YoY+48.1%	154M YoY+36.3%
Provision for credit losses	-8.00M YoY-166.7%	-3.00M YoY-250.0%	2.00M YoY+128.6%	-7.00M YoY-240.0%	5.00M YoY-91.9%
Operating income	3.17B YoY-16.9%	3.82B YoY+10.5%	3.46B YoY-24.2%	4.56B YoY-14.9%	5.36B YoY+55.7%
Interest & investment income	89.0M YoY+14.1%	78.0M YoY+16.4%	67.0M YoY+45.7%	46.0M YoY+48.4%	31.0M YoY-22.5%
Other non-operating income	-16.0M YoY-128.1%	57.0M YoY+714.3%	7.00M YoY+136.8%	-19.0M YoY+13.6%	-22.0M YoY-204.8%
Pre-tax income	2.67B YoY-18.6%	3.28B YoY+11.6%	2.94B YoY-32.1%	4.32B YoY-42.9%	7.57B YoY+135.7%
Income tax	139M YoY-72.4%	504M YoY+254.6%	-326M YoY-127.3%	1.19B YoY+16.1%	1.03B YoY+159.3%
	2.53B YoY-8.9%	2.77B YoY-15.0%	3.26B YoY+4.2%	3.13B YoY-52.1%	6.54B YoY+132.4%
Net income to common	2.53B YoY-8.9%	2.77B YoY-15.0%	3.26B YoY+4.2%	3.13B YoY-52.1%	6.54B YoY+132.4%
	$2.65 YoY-5.7%	$2.81 YoY-13.8%	$3.26 YoY+9.4%	$2.98 YoY-44.4%	$5.36 YoY+170.7%
EPS (basic)	$2.67 YoY-5.7%	$2.83 YoY-14.0%	$3.29 YoY+8.9%	$3.02 YoY-44.2%	$5.41 YoY+171.9%
Weighted-avg shares (basic)	946M YoY-3.4%	979M YoY-1.3%	992M YoY-4.4%	1.04B YoY-14.1%	1.21B YoY-14.5%
Weighted-avg shares (diluted)	953M YoY-3.6%	989M YoY-1.1%	1.00B YoY-4.8%	1.05B YoY-13.9%	1.22B YoY-14.1%
Dividends per share	$1.16 YoY+5.5%	$1.10 YoY+4.8%	$1.05 YoY+5.0%	$1.00 YoY+28.2%	$0.78 YoY+11.4%
Balance Sheet	as ofOct 31 ’25	as ofOct 31 ’24	as ofOct 31 ’23	as ofOct 31 ’22	as ofOct 31 ’21
	22.5B YoY+8.2%	20.8B YoY+15.5%	18.0B YoY-8.9%	19.7B YoY-11.0%	22.2B YoY+7.4%
Cash & equivalents	3.69B YoY+14.0%	3.24B YoY+4.2%	3.11B YoY-1.2%	3.15B YoY-26.8%	4.30B YoY-11.6%
Short-term investments	1.08B YoY+0.0%	1.08B YoY+0.0%	1.08B YoY+0.0%	1.08B YoY+0.0%	1.08B YoY+0.0%
Accounts receivable	5.69B YoY+11.2%	5.12B YoY+20.8%	4.24B YoY-6.8%	4.55B YoY-17.9%	5.54B YoY+2.9%
Inventory	8.51B YoY+10.3%	7.72B YoY+12.5%	6.86B YoY-9.9%	7.61B YoY-4.0%	7.93B YoY+33.0%
Prepaid expenses	1.58B YoY+7.9%	1.46B YoY+1.2%	1.45B YoY-30.7%	2.09B YoY+95.9%	1.06B YoY-3.5%
Other current assets	4.54B YoY-2.7%	4.67B YoY+28.1%	3.65B YoY-17.7%	4.43B YoY+0.6%	4.40B YoY-0.8%
	41.8B YoY+4.7%	39.9B YoY+7.9%	37.0B YoY-3.9%	38.5B YoY-0.3%	38.6B YoY+11.3%
Property, plant & equipment	3.05B YoY+4.6%	2.91B YoY+3.1%	2.83B YoY+1.9%	2.77B YoY+9.0%	2.55B YoY-3.1%
Operating lease right-of-use	1.13B YoY-3.1%	1.17B YoY-1.9%	1.19B YoY-3.9%	1.24B YoY+3.7%	1.19B YoY+7.7%
Goodwill	8.71B YoY+0.9%	8.63B YoY+0.4%	8.59B YoY+0.6%	8.54B YoY+25.5%	6.80B YoY+6.6%
Intangible assets	1.01B YoY-23.3%	1.32B YoY-17.2%	1.59B YoY-17.6%	1.93B YoY+146.6%	784M YoY+45.2%
Deferred tax assets	3.32B YoY+0.2%	3.31B YoY+4.9%	3.15B YoY+45.6%	2.17B YoY-25.7%	2.92B YoY+15.9%
Other non-current assets	7.56B YoY-0.6%	7.61B YoY-0.0%	7.61B YoY+2.2%	7.44B YoY+5.0%	7.09B YoY+41.0%
	29.3B YoY+2.0%	28.7B YoY+17.1%	24.5B YoY-6.5%	26.2B YoY-9.9%	29.1B YoY+10.8%
Accounts payable	18.1B YoY+6.8%	16.9B YoY+20.3%	14.0B YoY-8.2%	15.3B YoY-4.8%	16.1B YoY+9.3%
Deferred revenue	1.61B YoY+11.3%	1.45B YoY+1.5%	1.42B YoY+2.2%	1.39B YoY+9.1%	1.28B YoY+5.7%
Short-term & current debt	788M YoY-42.0%	1.36B YoY+658.7%	179M YoY+8.5%	165M YoY-75.4%	672M YoY+6.2%
Current lease liability	401M YoY-9.5%	443M YoY+3.0%	430M YoY+6.2%	405M YoY+15.7%	350M YoY+27.3%
Other current liabilities	10.4B YoY-0.2%	10.4B YoY+1.6%	10.2B YoY-4.3%	10.7B YoY-10.2%	11.9B YoY+9.6%
Long-term debt	8.82B YoY+6.8%	8.26B YoY-10.7%	9.25B YoY-14.3%	10.8B YoY+69.1%	6.39B YoY+15.2%
Deferred revenue (non-current)	1.63B YoY+9.8%	1.49B YoY+12.3%	1.32B YoY+13.1%	1.17B YoY+6.6%	1.10B YoY+2.5%
Non-current lease liability	815M YoY+3.6%	787M YoY-4.6%	825M YoY-5.7%	875M YoY-6.5%	936M YoY+3.5%
Deferred tax liabilities	16.0M YoY-48.4%	31.0M YoY-29.5%	44.0M YoY-63.6%	121M YoY+112.3%	57.0M YoY+128.0%
Other non-current liabilities	4.04B YoY-5.7%	4.28B YoY-1.1%	4.33B YoY-4.5%	4.53B YoY-5.6%	4.80B YoY-6.7%
	-346M YoY+73.8%	-1.32B YoY-23.8%	-1.07B YoY+64.7%	-3.02B YoY-84.0%	-1.64B YoY+27.7%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	9.00M YoY+0.0%	9.00M YoY-10.0%	10.0M YoY-58.3%	24.0M YoY+0.0%	24.0M YoY+0.0%
Additional paid-in capital	2.13B YoY+19.7%	1.78B YoY+18.1%	1.50B YoY+28.4%	1.17B YoY+10.6%	1.06B YoY+10.1%
Retained earnings	-2.03B YoY+24.3%	-2.68B YoY-13.3%	-2.36B YoY+47.4%	-4.49B YoY-81.9%	-2.47B YoY-26.0%
Accumulated other comprehensive income	-457M YoY-5.3%	-434M YoY-94.6%	-223M YoY-178.2%	285M YoY+216.3%	-245M YoY+80.3%
Non-controlling interest	0.00	0.00	0.00	0.00	0.00
Total equity incl. non-controlling	-2.32B YoY+0.0%	-2.32B YoY+0.0%	-2.32B YoY+0.0%	-2.32B YoY-40.5%	-1.65B YoY+25.9%
Total liabilities & equity	41.8B YoY+4.7%	39.9B YoY+7.9%	37.0B YoY-3.9%	38.5B YoY-0.3%	38.6B YoY+11.3%
Common shares issued	921M YoY-1.9%	939M YoY-5.1%	989M YoY+0.9%	980M YoY-10.3%	1.09B YoY-16.3%
Common shares outstanding	921M YoY-1.9%	939M YoY-5.1%	989M YoY+0.9%	980M YoY-10.3%	1.09B YoY-16.3%
Shares outstanding (cover)	935M YoY-3.0%	964M YoY-2.5%	988M YoY-1.8%	1.01B YoY-12.7%	1.15B YoY-16.1%
Cash Flow	as ofOct 31 ’25	as ofOct 31 ’24	as ofOct 31 ’23	as ofOct 31 ’22	as ofOct 31 ’21
	3.70B YoY-1.4%	3.75B YoY+5.0%	3.57B YoY-20.0%	4.46B YoY-30.4%	6.41B YoY+48.5%
Depreciation & amortization	916M YoY+10.4%	830M YoY-2.4%	850M YoY+9.0%	780M YoY-0.6%	785M YoY-0.5%
Share-based compensation	522M YoY+15.5%	452M YoY+3.2%	438M YoY+27.7%	343M YoY+3.9%	330M YoY+18.7%
Deferred income taxes	-6.00M YoY+95.1%	-122M YoY+86.8%	-923M YoY-260.0%	577M YoY+199.1%	-582M YoY-1453.5%
Change in receivables	524M YoY-43.6%	929M YoY+434.2%	-278M YoY+78.4%	-1.28B YoY-1323.8%	105M YoY+118.3%
Change in inventory	828M YoY-2.8%	852M YoY+227.5%	-668M YoY-212.1%	-214M YoY-109.8%	2.18B YoY+489.2%
	-1.18B YoY-82.2%	-646M YoY-9.5%	-590M YoY+83.4%	-3.55B YoY-250.7%	-1.01B YoY+0.4%
Capital expenditure	897M YoY+51.5%	592M YoY-0.2%	593M YoY-22.5%	765M YoY+31.4%	582M YoY+0.3%
Acquisitions	116M YoY+100.0%	58.0M YoY+728.6%	7.00M YoY-99.7%	2.75B YoY+222.6%	854M
Sales/maturities of investments	74.0M YoY+825.0%	8.00M YoY-61.9%	21.0M YoY+133.3%	9.00M YoY-97.0%	304M YoY-27.1%
	-2.06B YoY+33.2%	-3.08B YoY-6.5%	-2.89B YoY-39.9%	-2.07B YoY+65.3%	-5.96B YoY-100.5%
Common stock repurchased	850M YoY-59.5%	2.10B YoY+2000.0%	100M YoY-97.7%	4.30B YoY-31.2%	6.25B YoY+101.1%
Dividends paid	1.09B YoY+1.2%	1.07B YoY+3.7%	1.04B YoY+0.0%	1.04B YoY+10.6%	938M YoY-5.9%
Net change in cash	460M YoY+2090.5%	21.0M YoY-75.9%	87.0M YoY+107.5%	-1.15B YoY-104.2%	-565M YoY-272.8%
Interest paid	437M YoY-0.9%	441M YoY-19.5%	548M YoY+79.7%	305M YoY+16.9%	261M YoY+15.0%
Income taxes paid	535M YoY-17.6%	649M YoY+63.1%	398M YoY-46.9%	749M YoY-51.6%	1.55B YoY+233.6%
Valuation Ratios	as ofOct 31 ’25	as ofOct 31 ’24	as ofOct 31 ’23	as ofOct 31 ’22	as ofOct 31 ’21
Market cap	25.9B YoY-24.4%	34.2B YoY+31.6%	26.0B YoY-6.3%	27.8B YoY-20.5%	35.0B YoY+41.7%
P/E	10.2× YoY-17.1%	12.3× YoY+54.7%	8.0× YoY-10.1%	8.9× YoY+2.6%	8.6× YoY-10.1%
P/S	0.5× YoY-26.8%	0.6× YoY+31.9%	0.5× YoY+9.7%	0.4× YoY-21.6%	0.6× YoY+29.6%
P/FCF	9.2× YoY-14.8%	10.8× YoY+24.1%	8.7× YoY+16.3%	7.5× YoY+5.5%	7.1× YoY-31.6%
Earnings yield	9.8% YoY+20.6%	8.1% YoY-35.4%	12.5% YoY+11.2%	11.3% YoY-2.5%	11.6% YoY+11.3%
FCF yield	10.8% YoY+17.4%	9.2% YoY-19.4%	11.4% YoY-14.0%	13.3% YoY-5.2%	14.0% YoY+46.2%
Dividend yield	4.2% YoY+35.4%	3.1% YoY-22.3%	4.0% YoY+10.1%	3.6% YoY+40.8%	2.6% YoY-34.0%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: HPQ's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HPQ filings on SEC EDGAR → Not investment advice.

HPQ▼ financial statements

About this data

financial statements