Hp (HPQ) Gross Margin (2009 - 2026)
Hp (HPQ) recorded Gross Margin of 18.79% in fiscal Q3 2026 (quarter ended Jul 31, 2026), down 1.68 percentage points from 20.46% a year earlier and down 2.15 percentage points from the prior quarter.
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Analysis
Hp (HPQ) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Hp's Gross Margin came in at 19.87% as of Jul 31, 2026, down 1.02 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 20.60%, down 1.46 percentage points from FY2024.
- Annual Gross Margin has a five-year change of +2.20 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Gross Margin came in at 22.07% in FY2024 (+0.64 pp), 21.42% in FY2023 (+1.93 pp), 19.49% in FY2022 (-1.63 pp) and 21.13% in FY2021 (+2.73 pp).
- The fiscal Q3 2026 figure is the lowest quarterly Gross Margin since fiscal Q4 2022.
- On a year-over-year basis, Gross Margin rose in 1 of the last eight quarters, with an average year-over-year change of -1.13 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 3.39 percentage points in fiscal Q4 2023, against a drop of 2.90 percentage points in fiscal Q2 2025 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 20.93% (Q2 2026), 19.64% (Q1 2026) and 20.23% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,973.70 Bn | 4,721.19 Bn | 54.77 Bn | 50.06% |
| 2 | Cisco Systems | 421.27 Bn | 357.20 Bn | 11.06 Bn | 64.13% |
| 3 | Dell Technologies | 297.70 Bn | 253.45 Bn | 9.83 Bn | 20.93% |
| 4 | Arista Networks | 229.14 Bn | 182.59 Bn | 1.91 Bn | 62.93% |
| 5 | Sandisk | 200.83 Bn | 189.36 Bn | 7.58 Bn | 84.57% |
| 6 | Sony | 150.33 Bn | 87.59 Bn | 6.53 Bn | 36.70% |
| 7 | Seagate Technology Holdings | 147.86 Bn | 142.86 Bn | 1.90 Bn | 52.30% |
| 8 | Western Digital | 125.50 Bn | 113.63 Bn | 2.03 Bn | 54.12% |
| 9 | Hewlett Packard Enterprise | 74.88 Bn | 52.76 Bn | 4.93 Bn | 40.34% |
| 10 | Hp | 28.66 Bn | 13.93 Bn | 2.95 Bn | 18.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 18.79% |
| 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% |
API Access
Hp Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=HPQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "HPQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=HPQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();