Hp (HPQ) Gross Margin (2009 - 2026)
Hp (HPQ) posted quarterly Gross Margin of 20.93% for Q2 2026, up 21.0% year-over-year from 17.3% in Q2 2025, and up 6.61% quarter-over-quarter from 19.64% in Q1 2026.
Hp (HPQ) Gross Margin (2009 - 2026) Analysis & Trends
Hp (HPQ) has reported Gross Margin for 18 consecutive years, with 20.93% the latest figure, recorded in Q2 2026.
- In Q2 2026, Gross Margin rose 21.0% year-over-year to 20.93%; the TTM figure through Apr 2026 stood at 20.31% (down 84.0% YoY), while the FY2025 annual figure was 20.6%, down 146.0% from the prior year.
- Gross Margin improved to 20.93% in Q2 2026 per HPQ's latest filing, from 19.64% in the prior quarter.
- Across five years, Gross Margin topped out at 23.62% in Q2 2024 and bottomed at 18.21% in Q4 2022.
- Historically, Gross Margin has averaged 20.83% across 5 years, with a median of 20.83% in 2026.
- Annual changes were most pronounced in 2023 — Gross Margin soared 339 bps — and 2025, when it plunged 290 bps.
- Hp's Gross Margin stood at 18.21% in 2022, then climbed by 19 bps to 21.6% in 2023, then decreased by 1 bps to 21.35% in 2024, then retreated by 5 bps to 20.23% in 2025, then advanced by 3 bps to 20.93% in 2026.
- Business Quant data shows HPQ's Gross Margin at 20.93% in Q2 2026, 19.64% in Q1 2026, and 20.23% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 280.00 Bn | 268.42 Bn | 7.78 Bn | 17.75% |
| 2 | Arista Networks | 236.48 Bn | 223.14 Bn | 1.91 Bn | 62.93% |
| 3 | Sandisk | 219.05 Bn | 214.29 Bn | 7.58 Bn | 84.57% |
| 4 | Seagate Technology Holdings | 173.77 Bn | 172.06 Bn | 1.90 Bn | 52.30% |
| 5 | Western Digital | 148.61 Bn | 145.37 Bn | 1.68 Bn | 50.22% |
| 6 | Everpure | 33.29 Bn | 31.79 Bn | 723.33 Mn | 68.70% |
| 7 | Hp | 26.26 Bn | 22.56 Bn | 3.02 Bn | 20.93% |
| 8 | Super Micro Computer | 21.11 Bn | 19.82 Bn | 1.02 Bn | 9.95% |
| 9 | Logitech International | 13.96 Bn | 12.21 Bn | 607.94 Mn | 49.54% |
| 10 | IonQ | 11.29 Bn | 9.18 Bn | 19.94 Mn | 24.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 20.93% |
| Jan 31, 2026 | 19.64% |
| Oct 31, 2025 | 20.23% |
| Jul 31, 2025 | 20.46% |
| Apr 30, 2025 | 20.72% |
| Jan 31, 2025 | 21.03% |
| Oct 31, 2024 | 21.35% |
| Jul 31, 2024 | 21.50% |
| Apr 30, 2024 | 23.62% |
| Jan 31, 2024 | 21.90% |
| Oct 31, 2023 | 21.60% |
| Jul 31, 2023 | 21.39% |
| Apr 30, 2023 | 22.58% |
| Jan 31, 2023 | 20.20% |
| Oct 31, 2022 | 18.21% |
| Jul 31, 2022 | 19.69% |
| Apr 30, 2022 | 20.01% |
| Jan 31, 2022 | 19.93% |
| Oct 31, 2021 | 19.55% |
| Jul 31, 2021 | 22.16% |