Hp (HPQ) Gross Margin (2009 - 2026)
Hp (HPQ) reported 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 18 years of Gross Margin data on file, last reported at 20.93% in Q2 2026.
- Gross Margin for Q2 2026 came in at 20.93%, up 21.0% year-over-year; the trailing twelve-month figure through Apr 2026 was 20.31% (down 84.0% YoY), and the FY2025 annual result was 20.6%, down 146.0% from the prior year.
- Gross Margin grew to 20.93% in Q2 2026 per HPQ's latest filing, from 19.64% in the prior quarter.
- Over five years, Gross Margin peaked at 23.62% in Q2 2024 and troughed at 18.21% in Q4 2022.
- A 5-year average of 20.83% and a median of 20.83% in 2026 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2025: Gross Margin soared 339 bps in 2023, then plunged 290 bps in 2025.
- A 5-year view of Gross Margin shows it stood at 18.21% in 2022, then advanced by 19 bps to 21.6% in 2023, then retreated by 1 bps to 21.35% in 2024, then fell by 5 bps to 20.23% in 2025, then gained 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 | 266.21 Bn | 254.69 Bn | 6.73 Bn | 20.16% |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 78.35% |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 61.90% |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 46.50% |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 50.22% |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 9.95% |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 69.89% |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 20.93% |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 23.84% |
| 10 | Logitech International | 16.58 Bn | 14.83 Bn | 483.28 Mn | 44.52% |
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% |