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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 279.74 Bn | 268.16 Bn | 7.78 Bn | 17.75% |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | 61.90% |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | 78.35% |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | 46.50% |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | 50.22% |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | 68.70% |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | 20.93% |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | 9.95% |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | 49.54% |
| 10 | IonQ | 13.97 Bn | 11.94 Bn | 15.41 Mn | 23.84% |
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% |