Operating Income for HP (HPQ)
According to HP's latest reported financial statements, the company's current operating income (TTM) is $3.21B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
HPQ
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$3.21B
YoY change
-5.1%
5Y CAGR
+1.0%
Peak year (2010)
$11.48B
Cumulative operating income
$146.07B
Operating Income history chart for HP (HPQ) from 1985 to 2025
Operating Income history table for HP (HPQ) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $3.62B | -5.1% | ||
| 2024 | $3.82B | +10.5% | ||
| 2023 | $3.46B | -24.2% | ||
| 2022 | $4.56B | -14.9% | ||
| 2021 | $5.36B | +55.7% | ||
| 2020 | $3.44B | -11.2% | ||
| 2019 | $3.88B | +1.2% | ||
| 2018 | $3.83B | +13.7% | ||
| 2017 | $3.37B | -5.1% | ||
| 2016 | $3.55B | -9.5% | ||
| 2015 | $3.92B | -7.9% | ||
| 2014 | $4.26B | -40.3% | ||
| 2013 | $7.13B | -164.5% | ||
| 2012 | -$11.06B | -214.3% | ||
| 2011 | $9.68B | -15.7% | ||
| 2010 | $11.48B | +13.2% | ||
| 2009 | $10.14B | -3.2% | ||
| 2008 | $10.47B | +20.1% | ||
| 2007 | $8.72B | +32.9% | ||
| 2006 | $6.56B | +88.9% | ||
| 2005 | $3.47B | -17.8% | ||
| 2004 | $4.23B | +46.0% | ||
| 2003 | $2.90B | -386.2% | ||
| 2002 | -$1.01B | -170.3% | ||
| 2001 | $1.44B | -64.2% | ||
| 2000 | $4.03B | +9.1% | ||
| 1999 | $3.69B | +8.5% | ||
| 1998 | $3.40B | -0.2% | ||
| 1997 | $3.40B | -8.6% | ||
| 1996 | $3.73B | +4.4% | ||
| 1995 | $3.57B | +40.0% | ||
| 1994 | $2.55B | +35.7% | ||
| 1993 | $1.88B | +33.8% | ||
| 1992 | $1.40B | +16.0% | ||
| 1991 | $1.21B | +4.1% | ||
| 1990 | $1.16B | -4.1% | ||
| 1989 | $1.21B | +6.1% | ||
| 1988 | $1.14B | +18.7% | ||
| 1987 | $962.00M | +23.3% | ||
| 1986 | $780.00M | +2.9% | ||
| 1985 | $758.00M | — |
Operating Income values are taken from HP's reported income 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) operating income is $3.62B – declined 5.1% year-over-year.
Through 2020–2025 (5 years), HP operating income delivered a +1.0% annualised rate; with the latest reading among the more recent periods of the dataset.
HP operating income peaked at $11.48B in 2010; the latest annual figure is $3.62B in 2025 (68.4% below peak).
The highest annual operating income of $11.48B was reported in 2010. The lowest in the available history was -$11.06B in 2012.
Among 8 Technology peers, HP (HPQ) ranks 9th; the peer median for operating income is $77.01B.
HP Operating Income by Year
HP Operating Income 2025: $3.62B
HP operating income in 2025 was $3.62B, declined 5.1% below 2024.
HP Operating Income 2024: $3.82B
HP operating income in 2024 was $3.82B, grew 10.5% from 2023.
HP Operating Income 2023: $3.46B
HP operating income in 2023 was $3.46B, declined 24.2% below 2022.
HP Operating Income 2022: $4.56B
HP operating income in 2022 was $4.56B, declined 14.9% below 2021.
HP Operating Income 2021: $5.36B
HP operating income in 2021 was $5.36B.
See more financial history for HP (HPQ).
Sector peers — Operating Income
Companies in the same sector as HP, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.96T | Technology |
| Apple Inc. (AAPL) | $133.05B | Technology |
| NVIDIA Corporation (NVDA) | $130.39B | Technology |
| Microsoft Corporation (MSFT) | $128.53B | Technology |
| Broadcom Inc. (AVGO) | $25.48B | Technology |
| ASML Holding N.V. (ASML) | $11.30B | Technology |
| Micron Technology, Inc. (MU) | $9.87B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $3.69B | Technology |
Frequently asked questions
What is HP's operating income?
- Latest reported operating income for HP (HPQ) is $3.21B (period ending January 31, 2026).
How has HP operating income changed year-over-year?
- HP (HPQ) operating income changed -5.1% year-over-year on the latest annual filing.
What is the long-term growth rate of HP operating income?
- HP (HPQ) operating income compound annual growth rate is +1.0% over the most recent 5 years available.
When did HP operating income hit its highest annual value?
- HP operating income reached its highest annual value of $11.48B in 2010.
What was HP operating income in 2024?
- HP (HPQ) operating income in 2024 was $3.82B.
What was HP operating income in 2025?
- HP (HPQ) operating income in 2025 was $3.62B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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