Capital Expenditures for HP (HPQ)
According to HP's latest reported financial statements, the company's current capital expenditures (TTM) is $828.00M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
HPQ
Currently viewingCapital ExpendituresSwitch metric
Latest period
$828.00M
YoY change
+51.5%
5Y CAGR
+9.1%
Peak year (2011)
$4.54B
Cumulative capital expenditures
$68.13B
CapEx history chart for HP (HPQ) from 1989 to 2025
CapEx history table for HP (HPQ) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $897.00M | +51.5% | ||
| 2024 | $592.00M | -2.8% | ||
| 2023 | $609.00M | -23.0% | ||
| 2022 | $791.00M | +35.9% | ||
| 2021 | $582.00M | +0.3% | ||
| 2020 | $580.00M | -13.6% | ||
| 2019 | $671.00M | +22.9% | ||
| 2018 | $546.00M | +35.8% | ||
| 2017 | $402.00M | -7.2% | ||
| 2016 | $433.00M | -88.0% | ||
| 2015 | $3.60B | -6.5% | ||
| 2014 | $3.85B | +20.4% | ||
| 2013 | $3.20B | -13.7% | ||
| 2012 | $3.71B | -18.4% | ||
| 2011 | $4.54B | +9.8% | ||
| 2010 | $4.13B | +11.9% | ||
| 2009 | $3.69B | +23.6% | ||
| 2008 | $2.99B | -1.6% | ||
| 2007 | $3.04B | +19.9% | ||
| 2006 | $2.54B | +27.1% | ||
| 2005 | $2.00B | -6.2% | ||
| 2004 | $2.13B | +6.6% | ||
| 2003 | $2.00B | +16.7% | ||
| 2002 | $1.71B | +12.0% | ||
| 2001 | $1.53B | -12.1% | ||
| 2000 | $1.74B | +53.2% | ||
| 1999 | $1.13B | -43.2% | ||
| 1998 | $2.00B | -14.6% | ||
| 1997 | $2.34B | +6.2% | ||
| 1996 | $2.20B | +37.5% | ||
| 1995 | $1.60B | +27.4% | ||
| 1994 | $1.26B | -10.5% | ||
| 1993 | $1.41B | +36.1% | ||
| 1992 | $1.03B | +19.7% | ||
| 1991 | $862.00M | -9.7% | ||
| 1990 | $955.00M | +11.4% | ||
| 1989 | $857.00M | — |
CapEx values are taken from HP's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of HP (HPQ) capital expenditures is $897.00M – surged 51.5% year-over-year.
Over 2020–2025 (5 years), HP capital expenditures expanded at a +9.1% compound annual rate, with the latest reading among the more recent periods of the dataset.
HP capital expenditures peaked at $4.54B in 2011; the latest annual figure is $897.00M in 2025 (80.2% below peak).
The highest annual capital expenditures of $4.54B was reported in 2011. The lowest in the available history was $402.00M in 2017.
Among 8 Technology peers, HP (HPQ) ranks 8th; the peer median for capital expenditures is $9.38B.
HP Capital Expenditures by Year
HP Capital Expenditures 2025: $897.00M
HP capital expenditures in 2025 was $897.00M, surged 51.5% from 2024.
HP Capital Expenditures 2024: $592.00M
HP capital expenditures in 2024 was $592.00M, edged down 2.8% below 2023.
HP Capital Expenditures 2023: $609.00M
HP capital expenditures in 2023 was $609.00M, declined 23.0% below 2022.
HP Capital Expenditures 2022: $791.00M
HP capital expenditures in 2022 was $791.00M, surged 35.9% from 2021.
HP Capital Expenditures 2021: $582.00M
HP capital expenditures in 2021 was $582.00M.
See more financial history for HP (HPQ).
Sector peers — CapEx
Companies in the same sector as HP, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.29T | Technology |
| Microsoft Corporation (MSFT) | $64.55B | Technology |
| Micron Technology, Inc. (MU) | $15.86B | Technology |
| Apple Inc. (AAPL) | $12.71B | Technology |
| NVIDIA Corporation (NVDA) | $6.04B | Technology |
| ASML Holding N.V. (ASML) | $1.51B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $974.00M | Technology |
| Broadcom Inc. (AVGO) | $623.00M | Technology |
Frequently asked questions
What is HP's capital expenditures?
- Latest reported capital expenditures for HP (HPQ) is $828.00M (period ending January 31, 2026).
How has HP capital expenditures changed year-over-year?
- HP (HPQ) capital expenditures changed +51.5% year-over-year on the latest annual filing.
What is the long-term growth rate of HP capital expenditures?
- HP (HPQ) capital expenditures compound annual growth rate is +9.1% over the most recent 5 years available.
When did HP capital expenditures hit its highest annual value?
- HP capital expenditures reached its highest annual value of $4.54B in 2011.
What was HP capital expenditures in 2024?
- HP (HPQ) capital expenditures in 2024 was $592.00M.
What was HP capital expenditures in 2025?
- HP (HPQ) capital expenditures in 2025 was $897.00M.
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