HP Inc. (HPQ) financial statements: income statement, balance sheet and cash flow
HP Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Oct 31, 2025 · FY), HP Inc. reported revenue of $55.3B (+3.2% year on year) and net income of $2.5B (-8.9% year on year).
Income statement
HP Inc. income statement, fiscal years
Line item
Oct 31, 2025 · FY
Oct 31, 2024 · FY
Oct 31, 2023 · FY
Oct 31, 2022 · FY
Total net revenue
$55.3B
$53.6B
$53.7B
$63.0B
Total cost of net revenue
$43.9B
$41.7B
$42.2B
$50.6B
Gross profit
$11.4B
$11.8B
—
—
Research and development
$1.6B
$1.6B
$1.6B
$1.6B
Selling, general and administrative
$5.8B
$5.7B
$5.4B
$5.3B
Restructuring and other charges
$405.0M
$301.0M
$527.0M
$233.0M
Acquisition and divestiture charges
$45.0M
$83.0M
$240.0M
$318.0M
Amortization of intangible assets
$345.0M
$318.0M
$350.0M
$228.0M
Total operating expenses
$8.2B
$8.0B
$50.3B
$58.3B
Earnings from operations
$3.2B
$3.8B
$3.5B
$4.7B
Interest and other, net
($506.0M)
($539.0M)
($519.0M)
($235.0M)
Earnings before taxes
$2.7B
$3.3B
$2.9B
$4.4B
(Provision for) benefit from taxes
($139.0M)
($504.0M)
$326.0M
($1.2B)
Net earnings
$2.5B
$2.8B
$3.3B
$3.2B
Basic (in dollars per share)
$2.67
$2.83
$3.29
$3.09
Diluted (in dollars per share)
$2.65
$2.81
$3.26
$3.05
Basic (in shares)
946.0M
979.0M
992.0M
1.0B
Diluted (in shares)
953.0M
989.0M
1.0B
1.1B
HP Inc. income statement, quarters
Line item
Jul 31, 2026 · Q3
Apr 30, 2026 · Q2
Jan 31, 2026 · Q1
Jul 31, 2025 · Q3
Total net revenue
$15.7B
$14.4B
$14.4B
$13.9B
Total cost of net revenue
$12.7B
$11.4B
$11.6B
$11.1B
Gross profit
$2.9B
$3.0B
$2.8B
$2.9B
Research and development
$389.0M
$432.0M
$392.0M
$406.0M
Selling, general and administrative
$1.5B
$1.5B
$1.5B
$1.5B
Restructuring and other charges
$48.0M
$365.0M
$126.0M
$110.0M
Acquisition and divestiture charges
$4.0M
$4.0M
($2.0M)
$8.0M
Amortization of intangible assets
$75.0M
$89.0M
$56.0M
$159.0M
Total operating expenses
$2.1B
$2.4B
$2.1B
$2.1B
Earnings from operations
$892.0M
$612.0M
$759.0M
$716.0M
Interest and other, net
($94.0M)
($119.0M)
($88.0M)
($92.0M)
Earnings before taxes
$798.0M
$493.0M
$671.0M
$624.0M
(Provision for) benefit from taxes
($137.0M)
($43.0M)
($126.0M)
$139.0M
Net earnings
$661.0M
$450.0M
$545.0M
$763.0M
Basic (usd per share)
$0.72
$0.49
$0.59
$0.81
Diluted (usd per share)
$0.71
$0.49
$0.58
$0.80
Basic (in shares)
919.0M
922.0M
926.0M
947.0M
Diluted (in shares)
927.0M
925.0M
932.0M
954.0M
Balance sheet
HP Inc. balance sheet, fiscal years
Line item
Oct 31, 2025 · FY
Oct 31, 2024 · FY
Oct 31, 2023 · FY
Oct 31, 2022 · FY
Cash, cash equivalents and restricted cash
$3.7B
$3.3B
$3.2B
—
Accounts receivable, net of allowance for credit losses of $83 as of October 31, 2025 and 2024
$5.7B
$5.1B
$4.2B
$4.5B
Inventory
$8.5B
$7.7B
$6.9B
$7.6B
Other current assets
$4.5B
$4.7B
$3.6B
$4.5B
Total current assets
$22.5B
$20.8B
$18.0B
$19.8B
Property, plant and equipment, net
$3.0B
$2.9B
$2.8B
$2.8B
Goodwill
$8.7B
$8.6B
$8.6B
$8.5B
Other non-current assets
$7.6B
$7.6B
$7.6B
$7.5B
Total assets
$41.8B
$39.9B
$37.0B
$38.6B
Notes payable and short-term borrowings
$845.0M
$1.4B
$230.0M
$218.0M
Accounts payable
$18.1B
$16.9B
$14.0B
$15.3B
Other current liabilities
$10.4B
$10.4B
$10.2B
$10.7B
Total current liabilities
$29.3B
$28.7B
$24.5B
$26.2B
Long-term debt
$8.8B
$8.3B
$9.3B
$10.8B
Other non-current liabilities
$4.0B
$4.3B
$4.3B
$4.6B
Preferred stock, $0.01 par value (300 shares authorized; none issued)
0
0
0
0
Common stock, $0.01par value (9,600 shares authorized; 921 and 939 shares issued and outstanding as of October 31, 2025 and 2024, respectively)
9.0M
9.0M
—
—
Additional paid-in capital
$2.1B
$1.8B
$1.5B
$1.2B
Accumulated deficit
($2.0B)
($2.7B)
($2.4B)
($4.4B)
Accumulated other comprehensive loss
($457.0M)
($434.0M)
($223.0M)
$313.0M
Total stockholders’ deficit
($346.0M)
($1.3B)
($1.1B)
($2.9B)
Total liabilities and stockholders’ deficit
$41.8B
$39.9B
$37.0B
$38.6B
HP Inc. balance sheet, quarters
Line item
Jul 31, 2026
Apr 30, 2026
Jan 31, 2026
Jul 31, 2025
Cash, cash equivalents and restricted cash
$4.2B
$3.7B
$3.2B
$2.9B
Accounts receivable, net of allowance for credit losses of $57 and $83 as of July 31, 2026 and October 31, 2025
$7.2B
$6.1B
$5.3B
$5.1B
Inventory
$10.3B
$9.2B
$8.7B
$8.4B
Other current assets
$5.1B
$5.0B
$5.0B
$4.2B
Total current assets
$26.7B
$24.0B
$22.2B
$20.6B
Property, plant and equipment, net
$3.1B
$3.1B
$3.1B
$3.0B
Goodwill
$8.7B
$8.7B
$8.7B
$8.7B
Other non-current assets
$7.1B
$7.1B
$7.5B
$7.6B
Total assets
$45.7B
$42.9B
$41.5B
$39.9B
Notes payable and short-term borrowings
$1.3B
$810.0M
$861.0M
$820.0M
Accounts payable
$21.4B
$19.2B
$18.2B
$17.0B
Other current liabilities
$11.3B
$10.2B
$10.2B
$10.1B
Total current liabilities
$34.0B
$30.2B
$29.3B
$27.9B
Long-term debt
$7.9B
$8.9B
$8.8B
$8.8B
Other non-current liabilities
$4.0B
$4.0B
$4.2B
$4.1B
Preferred stock, $0.01 par value (300 shares authorized; none issued)
0
0
0
0
Common stock, $0.01 par value (9,600 shares authorized; 903 and 921 shares issued and outstanding as of July 31, 2026 and October 31, 2025)
9.0M
9.0M
9.0M
9.0M
Additional paid-in capital
$2.4B
$2.3B
$2.2B
$2.1B
Accumulated deficit
($2.1B)
($2.0B)
($2.3B)
($2.4B)
Accumulated other comprehensive loss
($348.0M)
($501.0M)
($654.0M)
($641.0M)
Total stockholders’ deficit
($92.0M)
($144.0M)
($766.0M)
($901.0M)
Total liabilities and stockholders’ deficit
$45.7B
$42.9B
$41.5B
$39.9B
Cash flow statement
HP Inc. cash flow statement, fiscal years
Line item
Oct 31, 2025 · FY
Oct 31, 2024 · FY
Oct 31, 2023 · FY
Oct 31, 2022 · FY
Net earnings
$2.5B
$2.8B
$3.3B
$3.2B
Depreciation, amortization and impairment
$916.0M
$830.0M
$850.0M
$780.0M
Stock-based compensation expense
$522.0M
$452.0M
$438.0M
$343.0M
Restructuring and other charges
$405.0M
$301.0M
$527.0M
$233.0M
Deferred taxes on earnings
($6.0M)
($122.0M)
($923.0M)
$574.0M
Other, net
$116.0M
($38.0M)
($10.0M)
$475.0M
Accounts receivable
($524.0M)
($929.0M)
$278.0M
$1.3B
Inventory
($828.0M)
($852.0M)
$668.0M
$233.0M
Accounts payable
$1.1B
$2.8B
($1.2B)
($928.0M)
Net investment in leases related to integrated financing
($131.0M)
($165.0M)
($110.0M)
($155.0M)
Taxes on earnings
($391.0M)
($24.0M)
$198.0M
($83.0M)
Restructuring and other
($326.0M)
($264.0M)
($310.0M)
($245.0M)
Other assets and liabilities
$273.0M
($1.1B)
($58.0M)
($1.2B)
Net cash provided by operating activities
$3.7B
$3.7B
$3.6B
$4.5B
Investment in property, plant, equipment and purchased intangibles, net
($897.0M)
($592.0M)
($609.0M)
($791.0M)
Purchases of available-for-sale securities and other investments
($40.0M)
($4.0M)
($11.0M)
($52.0M)
Maturities and sales of available-for-sale securities and other investments
$74.0M
$8.0M
$21.0M
$9.0M
Collateral posted for derivative instruments
($264.0M)
$0
$0
$14.0M
Payments made in connection with business acquisitions, net of cash acquired
($116.0M)
($58.0M)
($7.0M)
($2.8B)
Proceeds from business divestitures
$66.0M
—
—
—
Net cash used in investing activities
($1.2B)
($646.0M)
($590.0M)
($3.5B)
Payments of short-term borrowings with original maturities less than 90 days, net
$0
$0
—
—
Proceeds from debt, net of issuance costs
$1.4B
$380.0M
$255.0M
$4.2B
Payment of debt and other associated costs
($1.4B)
($213.0M)
($1.7B)
($693.0M)
Stock-based award activities and others
($126.0M)
($74.0M)
($99.0M)
($95.0M)
Repurchase of common stock
($850.0M)
($2.1B)
($100.0M)
($4.3B)
Cash dividends paid
($1.1B)
($1.1B)
($1.0B)
($1.0B)
Collateral returned for derivative instruments
$0
$0
—
—
Settlement of cash flow hedges
$6.0M
$0
($3.0M)
$79.0M
Net cash used in financing activities
($2.1B)
($3.1B)
($2.9B)
($2.1B)
Increase in cash, cash equivalents and restricted cash
$460.0M
$21.0M
$87.0M
($1.2B)
Cash, cash equivalents and restricted cash at beginning of period
$3.3B
$3.2B
$3.1B
$4.3B
Cash, cash equivalents and restricted cash at end of period (1)
$3.7B
—
—
—
Income taxes paid, net of refunds
$535.0M
$649.0M
$398.0M
$749.0M
Interest expense paid
$437.0M
$441.0M
$548.0M
$305.0M
HP Inc. cash flow statement, quarters
Line item
Jul 31, 2026 · YTD
Apr 30, 2026 · YTD
Jan 31, 2026 · Q1
Jul 31, 2025 · YTD
Net earnings
$1.7B
$995.0M
$545.0M
$1.7B
Depreciation, amortization and impairment
$722.0M
$478.0M
$214.0M
$708.0M
Stock-based compensation expense
$389.0M
$294.0M
$182.0M
$432.0M
Restructuring and other charges
$539.0M
$491.0M
$126.0M
$302.0M
Deferred taxes on earnings
($110.0M)
($68.0M)
($39.0M)
($67.0M)
Other, net
$126.0M
$22.0M
$31.0M
$103.0M
Accounts receivable
($1.5B)
($466.0M)
$364.0M
$54.0M
Inventory
($1.9B)
($735.0M)
($260.0M)
($671.0M)
Accounts payable
$3.3B
$1.1B
$208.0M
$94.0M
Net investment in leases from integrated financing
($69.0M)
($49.0M)
($25.0M)
($71.0M)
Taxes on earnings
($184.0M)
($269.0M)
($28.0M)
($360.0M)
Restructuring and other
($256.0M)
($191.0M)
($99.0M)
($238.0M)
Other assets and liabilities
$341.0M
($330.0M)
($836.0M)
$53.0M
Net cash provided by operating activities
$3.0B
$1.3B
$383.0M
$2.1B
Investment in property, plant, equipment and purchased intangibles
($590.0M)
($403.0M)
($233.0M)
($700.0M)
Purchases of available-for-sale securities and other investments
($21.0M)
($19.0M)
($5.0M)
($23.0M)
Maturities and sales of available-for-sale securities and other investments
$32.0M
$25.0M
$19.0M
$69.0M
Collateral returned (posted) for derivative instruments
$98.0M
$98.0M
—
—
Payments made in connection with business acquisitions, net of cash acquired
($10.0M)
($10.0M)
—
($116.0M)
Proceeds from business divestitures, net
$26.0M
$26.0M
$26.0M
—
Net cash used in investing activities
($465.0M)
($283.0M)
($269.0M)
($1.1B)
Proceeds from debt, net of issuance costs
$291.0M
$191.0M
$89.0M
$1.2B
Payment of debt
($770.0M)
($168.0M)
($87.0M)
($1.3B)
Stock-based award activities and others
($94.0M)
($83.0M)
($73.0M)
($113.0M)
Repurchase of common stock
($725.0M)
($425.0M)
($325.0M)
($350.0M)
Cash dividends paid
($825.0M)
($551.0M)
($277.0M)
($818.0M)
Settlement of cash flow hedges
$0
$0
—
$6.0M
Net cash used in financing activities
($2.1B)
($1.0B)
($673.0M)
($1.3B)
Increase (decrease) in cash, cash equivalents and restricted cash
$456.0M
($10.0M)
($559.0M)
($379.0M)
Cash, cash equivalents and restricted cash at beginning of period
$3.7B
$3.7B
$3.7B
$3.3B
Cash, cash equivalents and restricted cash at end of period