Hp (HPQ) Gross Margin (2009 - 2026)

Hp (HPQ) posted quarterly Gross Margin of 20.93% for Q2 2026, up 21.0% YoY from 17.3% in Q2 2025, and up 6.61% sequentially from 19.64% in Q1 2026.

Hp (HPQ) Gross Margin (2009 - 2026) Analysis & Trends

Hp has disclosed Gross Margin across 18 years of filings, most recently posting 20.93% for 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 climbed to 20.93% in Q2 2026, from 19.64% in the prior quarter.
  • Over the last five years, Gross Margin for HPQ reached as high as 23.62% in Q2 2024 and fell as low as 18.21% in Q4 2022.
  • The 5-year median for Gross Margin is 20.83% (2026), against an average of 20.83%.
  • Annual changes were most pronounced in 2023 — Gross Margin soared 339 bps — and 2025, when it slumped 290 bps.
  • 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.
  • According to Business Quant data, Gross Margin over the past three periods registered 20.93%, 19.64%, and 20.23% for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Sandisk 300.77 Bn 297.03 Bn 4.66 Bn 78.35%
2 Dell Technologies 276.28 Bn 264.70 Bn 7.78 Bn 17.75%
3 Arista Networks 209.63 Bn 197.28 Bn 1.68 Bn 61.90%
4 Western Digital 204.64 Bn 201.41 Bn 1.68 Bn 50.22%
5 Seagate Technology Holdings 202.26 Bn 201.11 Bn 1.45 Bn 46.50%
6 Everpure 25.55 Bn 24.23 Bn 723.33 Mn 68.70%
7 Hp 20.30 Bn 16.60 Bn 3.02 Bn 20.93%
8 Super Micro Computer 16.60 Bn 15.31 Bn 1.02 Bn 9.95%
9 Logitech International 13.89 Bn 12.15 Bn 483.28 Mn 44.52%
10 D-Wave Quantum 8.64 Bn 8.64 Bn 1.82 Mn 63.61%

Historic Data

Download Data
DateValue
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%