TTM
20.2%
YoY change
−2.09pp
Trough year (2018)
18.2%
Peak year (1987)
57.4%
Latest annual
20.0%
Gross Margin history chart for HP (HPQ) from 1985 to 2025
Latest: 20.0%
Gross Margin change chart for HP (HPQ) from 1985 to 2025
Latest: −2.09pp
Gross Margin history table for HP (HPQ) from 1985 to 2025
| 2025 | 20.0% | -2.09pp | ||
| 2024 | 22.1% | +0.64pp | ||
| 2023 | 21.4% | +1.93pp | ||
| 2022 | 19.5% | -1.63pp | ||
| 2021 | 21.1% | +2.73pp | ||
| 2020 | 18.4% | -0.61pp | ||
| 2019 | 19.0% | +0.76pp | ||
| 2018 | 18.2% | -0.15pp | ||
| 2017 | 18.4% | -0.25pp | ||
| 2016 | 18.7% | -0.66pp | ||
| 2015 | 19.3% | -0.49pp | ||
| 2014 | 19.8% | -3.27pp | ||
| 2013 | 23.1% | -0.16pp | ||
| 2012 | 23.2% | -0.20pp | ||
| 2011 | 23.4% | -0.51pp | ||
| 2010 | 23.9% | +0.35pp | ||
| 2009 | 23.6% | -0.62pp | ||
| 2008 | 24.2% | -0.65pp | ||
| 2007 | 24.9% | +0.61pp | ||
| 2006 | 24.3% | +0.89pp | ||
| 2005 | 23.4% | -0.53pp | ||
| 2004 | 23.9% | -2.39pp | ||
| 2003 | 26.3% | -0.24pp | ||
| 2002 | 26.5% | +0.06pp | ||
| 2001 | 26.5% | -2.30pp | ||
| 2000 | 28.8% | -1.09pp | ||
| 1999 | 29.9% | +0.36pp | ||
| 1998 | 29.5% | -1.35pp | ||
| 1997 | 30.9% | -2.78pp | ||
| 1996 | 33.6% | -2.87pp | ||
| 1995 | 36.5% | -1.52pp | ||
| 1994 | 38.0% | -2.31pp | ||
| 1993 | 40.3% | -3.86pp | ||
| 1992 | 44.2% | -5.90pp | ||
| 1991 | 50.1% | -1.34pp | ||
| 1990 | 51.4% | -1.26pp | ||
| 1989 | 52.7% | -2.97pp | ||
| 1988 | 55.7% | -1.78pp | ||
| 1987 | 57.4% | +0.13pp | ||
| 1986 | 57.3% | +1.38pp | ||
| 1985 | 55.9% | — |
- 202520.0%-2.09pp
- 202422.1%+0.64pp
- 202321.4%+1.93pp
- 202219.5%-1.63pp
- 202121.1%+2.73pp
- 202018.4%-0.61pp
- 201919.0%+0.76pp
- 201818.2%-0.15pp
- 201718.4%-0.25pp
- 201618.7%-0.66pp
- 201519.3%-0.49pp
- 201419.8%-3.27pp
- 201323.1%-0.16pp
- 201223.2%-0.20pp
- 201123.4%-0.51pp
- 201023.9%+0.35pp
- 200923.6%-0.62pp
- 200824.2%-0.65pp
- 200724.9%+0.61pp
- 200624.3%+0.89pp
- 200523.4%-0.53pp
- 200423.9%-2.39pp
- 200326.3%-0.24pp
- 200226.5%+0.06pp
- 200126.5%-2.30pp
- 200028.8%-1.09pp
- 199929.9%+0.36pp
- 199829.5%-1.35pp
- 199730.9%-2.78pp
- 199633.6%-2.87pp
- 199536.5%-1.52pp
- 199438.0%-2.31pp
- 199340.3%-3.86pp
- 199244.2%-5.90pp
- 199150.1%-1.34pp
- 199051.4%-1.26pp
- 198952.7%-2.97pp
- 198855.7%-1.78pp
- 198757.4%+0.13pp
- 198657.3%+1.38pp
- 198555.9%—
Gross Margin values are taken from HP's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at HP (HPQ)
According to HP's latest reported financial statements, the company's latest reported gross margin is 20.2%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, HP (HPQ) gross margin totalled 19.98% – contracted 2.1 percentage points year-over-year.
The record annual gross margin stands at 57.44%, reached in 1987; the historical low of 18.25% was recorded in 2018.
HP Gross Margin by Year
HP Gross Margin 2025: 20.0%
HP gross margin in 2025 was 19.98%, contracted 2.1 percentage points from 2024.
HP Gross Margin 2024: 22.1%
2024's gross margin for HP came in at 22.07%, expanded 0.6 percentage points from 2023.
HP Gross Margin 2023: 21.4%
HP posted gross margin of 21.42% in 2023, expanded 1.9 percentage points from 2022.
HP Gross Margin 2022: 19.5%
In 2022, HP reported gross margin of 19.49%, contracted 1.6 percentage points from 2021.
HP Gross Margin 2021: 21.1%
HP gross margin in 2021 was 21.13%.
See more financial history for HP (HPQ).
Sector peers by Gross Margin
Technology peers of HP (HPQ), ranked by their latest gross margin
| 74.1% | |
| 68.3% | |
| 67.0% | |
| 61.8% | |
| 58.4% | |
| 52.6% | |
| 50.3% | |
| 47.9% |
- 74.1%
- 68.3%
- 67.0%
- 61.8%
- 52.6%
- 50.3%
- 47.9%
Frequently asked questions
HP (HPQ) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation