HP INC

Listed Company

HPQCIK 0000047217NYSELarge AcceleratedComputer & Office EquipmentDelawareFY ends Oct 31

Period

FY 2025

Revenue

$55.30B

Net Income

$2.53B

Total Assets

$41.77B

Equity

$-346.00M

Shares Out

914.55M

Op. Cash Flow

$3.70B

Business

HP INC designs, manufactures and sells technology products and related services focused on personal computing, printing and digital solutions. Its main products and services include desktops, notebooks, workstations (including AI-enabled PCs), printers, 3D printing and personalization systems, supplies, software, lifecycle services, security solutions and subscriptions. The company reports three principal business segments: Personal Systems, Printing and Corporate Investments (which includes incubation projects and digital enablement investments). It distributes globally across more than 170 countries through direct sales, retailers, resellers, distributors, system integrators and omnichannel partners.

Summary from filing dated 2025-12-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Total net revenue	55,295	53,559	53,718	62,910	63,460
Total cost of net revenue	43,903	41,741	42,210	50,647	50,053
Gross profit	11,392	11,818	11,508	12,263	—
Research and development	1,602	1,640	1,578	1,653	1,848
Selling, general and administrative	5,821	5,658	5,357	5,264	5,727
Restructuring and other charges	405	301	527	218	251
Acquisition and divestiture charges	45	83	240	318	68
Amortization of intangible assets	345	318	350	228	154
Total operating expenses	8,218	8,000	8,052	7,704	58,101
Earnings from operations	3,174	3,818	3,456	4,559	5,359
Interest and other, net	−506	−539	−519	−235	2,209
Earnings before taxes	2,668	3,279	2,937	4,324	7,568
(Provision for) benefit from taxes	−139	−504	326	−1,192	−1,027
Net earnings	2,529	2,775	3,263	3,132	6,541
Basic (in dollars per share)	2.67	2.83	3.29	3.02	5.41
Diluted (in dollars per share)	2.65	2.81	3.26	2.98	5.36
Basic (in shares)	946	979	992	1,038	1,208
Diluted (in shares)	953	989	1,000	1,050	1,220

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Cash, cash equivalents and restricted cash	3,705	3,253	3,232	3,145	4,299
Accounts receivable, net of allowance for credit losses of $83 as of October 31, 2025 and 2024	5,692	5,117	4,237	4,546	5,511
Inventory	8,512	7,720	6,862	7,614	7,930
Other current assets	4,544	4,670	3,646	4,431	4,430
Total current assets	22,453	20,760	17,977	19,736	22,170
Property, plant and equipment, net	3,049	2,914	2,827	2,774	2,546
Goodwill	8,706	8,627	8,591	8,541	6,803
Other non-current assets	7,561	7,608	7,609	7,443	7,091
Total assets	41,769	39,909	37,004	38,494	38,610
Notes payable and short-term borrowings	845	1,406	230	218	1,106
Accounts payable	18,051	16,903	14,046	15,303	16,075
Other current liabilities	10,362	10,378	10,212	10,668	11,915
Total current liabilities	29,258	28,687	24,488	26,189	29,096
Long-term debt	8,821	8,263	9,254	10,796	6,386
Other non-current liabilities	4,036	4,282	4,331	4,534	4,778
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value (300 shares authorized; none issued)	0	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	9	10	—	—
Additional paid-in capital	2,129	1,778	1,505	1,172	1,060
Accumulated deficit	−2,027	−2,676	−2,361	−4,492	−2,461
Accumulated other comprehensive loss	−457	−434	−223	285	−260
Total stockholders deficit	−346	−1,323	−1,069	−3,025	−1,644
Total liabilities and stockholders deficit	41,769	39,909	37,004	38,494	38,610

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Depreciation, amortization and impairment	916	830	850	780	785
Stock-based compensation expense	522	452	438	343	330
Restructuring and other charges	405	301	527	218	251
Deferred taxes on earnings	−6	−122	−923	577	−582
Other, net	116	−38	−10	475	440
Accounts receivable	−524	−929	278	1,285	−105
Inventory	−828	−852	668	214	−2,180
Accounts payable	1,142	2,840	−1,240	−909	1,257
Net investment in leases related to integrated financing	−131	−165	−110	−155	−111
Taxes on earnings	−391	−24	198	−134	59
Restructuring and other	−326	−264	−310	−245	−205
Other assets and liabilities	273	−1,055	−58	−1,118	−34
Net cash provided by operating activities	3,697	3,749	3,571	4,463	6,409
Investment in property, plant, equipment and purchased intangibles, net	−897	−592	−593	−765	−582
Purchases of available-for-sale securities and other investments	−40	−4	−11	−52	−28
Maturities and sales of available-for-sale securities and other investments	74	8	21	9	304
Collateral posted for derivative instruments	−264	0	0	14	—
Payments made in connection with business acquisitions, net of cash acquired	−116	−58	−7	−2,755	−854
Proceeds from business divestitures	66	0	0	—	—
Net cash used in investing activities	−1,177	−646	−590	−3,549	−1,012
Payments of short-term borrowings with original maturities less than 90 days, net	0	0	−10	−400	—
Proceeds from debt, net of issuance costs	1,385	380	255	4,175	2,121
Payment of debt and other associated costs	−1,387	−213	−1,700	−693	−1,245
Stock-based award activities and others	−126	−74	−99	−95	−51
Repurchase of common stock	−800	−2,100	−100	−4,300	−6,249
Cash dividends paid	−1,088	−1,075	−1,037	−1,037	−938
Collateral returned for derivative instruments	0	0	−200	—	—
Settlement of cash flow hedges	6	—	—	79	0
Settlement of cash flow hedges	—	0	−3	—	—
Net cash used in financing activities	−2,060	−3,082	−2,894	−2,068	−5,962
Increase in cash, cash equivalents and restricted cash	460	21	87	−1,154	−565
Income taxes paid, net of refunds	535	649	398	749	1,548
Interest expense paid	437	441	548	305	261

Filings

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