TTM
5.5%
YoY change
−0.57pp
Trough year (2012)
-9.2%
Peak year (1987)
11.9%
Latest annual
6.6%
Operating Margin history chart for HP (HPQ) from 1985 to 2025
Latest: 6.6%
Operating Margin change chart for HP (HPQ) from 1985 to 2025
Latest: −0.57pp
Operating Margin history table for HP (HPQ) from 1985 to 2025
| 2025 | 6.6% | -0.57pp | ||
| 2024 | 7.1% | +0.69pp | ||
| 2023 | 6.4% | -0.81pp | ||
| 2022 | 7.2% | -1.20pp | ||
| 2021 | 8.4% | +2.37pp | ||
| 2020 | 6.1% | -0.52pp | ||
| 2019 | 6.6% | +0.05pp | ||
| 2018 | 6.6% | +0.08pp | ||
| 2017 | 6.5% | -0.89pp | ||
| 2016 | 7.4% | -0.26pp | ||
| 2015 | 7.6% | +0.10pp | ||
| 2014 | 7.5% | +1.16pp | ||
| 2013 | 6.4% | +15.54pp | ||
| 2012 | -9.2% | -16.79pp | ||
| 2011 | 7.6% | -1.50pp | ||
| 2010 | 9.1% | +0.26pp | ||
| 2009 | 8.8% | +0.00pp | ||
| 2008 | 8.8% | +0.49pp | ||
| 2007 | 8.4% | +1.20pp | ||
| 2006 | 7.2% | +3.15pp | ||
| 2005 | 4.0% | -1.28pp | ||
| 2004 | 5.3% | +1.33pp | ||
| 2003 | 4.0% | +5.75pp | ||
| 2002 | -1.8% | -4.97pp | ||
| 2001 | 3.2% | -5.05pp | ||
| 2000 | 8.2% | -0.47pp | ||
| 1999 | 8.7% | +0.08pp | ||
| 1998 | 8.6% | -0.98pp | ||
| 1997 | 9.6% | -0.10pp | ||
| 1996 | 9.7% | -1.62pp | ||
| 1995 | 11.3% | +1.12pp | ||
| 1994 | 10.2% | +0.95pp | ||
| 1993 | 9.2% | +0.69pp | ||
| 1992 | 8.6% | +0.21pp | ||
| 1991 | 8.3% | -0.43pp | ||
| 1990 | 8.8% | -1.40pp | ||
| 1989 | 10.2% | -1.43pp | ||
| 1988 | 11.6% | -0.27pp | ||
| 1987 | 11.9% | +0.91pp | ||
| 1986 | 11.0% | -0.67pp | ||
| 1985 | 11.7% | — |
- 20256.6%-0.57pp
- 20247.1%+0.69pp
- 20236.4%-0.81pp
- 20227.2%-1.20pp
- 20218.4%+2.37pp
- 20206.1%-0.52pp
- 20196.6%+0.05pp
- 20186.6%+0.08pp
- 20176.5%-0.89pp
- 20167.4%-0.26pp
- 20157.6%+0.10pp
- 20147.5%+1.16pp
- 20136.4%+15.54pp
- 2012-9.2%-16.79pp
- 20117.6%-1.50pp
- 20109.1%+0.26pp
- 20098.8%+0.00pp
- 20088.8%+0.49pp
- 20078.4%+1.20pp
- 20067.2%+3.15pp
- 20054.0%-1.28pp
- 20045.3%+1.33pp
- 20034.0%+5.75pp
- 2002-1.8%-4.97pp
- 20013.2%-5.05pp
- 20008.2%-0.47pp
- 19998.7%+0.08pp
- 19988.6%-0.98pp
- 19979.6%-0.10pp
- 19969.7%-1.62pp
- 199511.3%+1.12pp
- 199410.2%+0.95pp
- 19939.2%+0.69pp
- 19928.6%+0.21pp
- 19918.3%-0.43pp
- 19908.8%-1.40pp
- 198910.2%-1.43pp
- 198811.6%-0.27pp
- 198711.9%+0.91pp
- 198611.0%-0.67pp
- 198511.7%—
Operating 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 Operating Margin at HP (HPQ)
According to HP's latest reported financial statements, the company's latest reported operating margin is 5.5%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of HP (HPQ) operating margin is 6.55% – contracted 0.6 percentage points year-over-year.
Across the available history, operating margin reached its high of 11.89% in 1987 and its low of -9.19% in 2012.
HP Operating Margin by Year
HP Operating Margin 2025: 6.6%
2025's operating margin for HP came in at 6.55%, contracted 0.6 percentage points from 2024.
HP Operating Margin 2024: 7.1%
HP posted operating margin of 7.13% in 2024, expanded 0.7 percentage points from 2023.
HP Operating Margin 2023: 6.4%
In 2023, HP reported operating margin of 6.43%, contracted 0.8 percentage points from 2022.
HP Operating Margin 2022: 7.2%
HP operating margin in 2022 was 7.25%, contracted 1.2 percentage points from 2021.
HP Operating Margin 2021: 8.4%
HP operating margin in 2021 was 8.44%.
See more financial history for HP (HPQ).
Sector peers by Operating Margin
Technology peers of HP (HPQ), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
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