Hp (HPQ) Operating Margin (2009 - 2026)
Hp's Operating Margin came in at 5.69% for fiscal Q3 2026 (quarter ended Jul 31, 2026), up 0.55 percentage points from 5.14% a year earlier and up 1.44 percentage points from the prior quarter.
Hp (HPQ) Operating Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Hp reported Operating Margin of 5.45%, down 0.41 percentage points year-over-year; for FY2025 (ended Oct 31, 2025), it came in at 5.74%, down 1.39 percentage points from FY2024.
- Operating Margin carries a five-year change of -0.34 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Operating Margin was 7.13% in FY2024 (+0.69 pp), 6.43% in FY2023 (-0.81 pp), 7.25% in FY2022 (-1.20 pp) and 8.44% in FY2021 (+2.37 pp).
- The five-year range for quarterly Operating Margin is 4.25% (fiscal Q2 2026) to 8.57% (fiscal Q3 2022).
- Year-over-year, Operating Margin increased in 1 of the last eight quarters, with an average year-over-year change of -0.88 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in fiscal Q4 2023 (a gain of 2.32 percentage points), and the weakest in fiscal Q4 2022 (a drop of 2.76 percentage points).
- Business Quant data shows HPQ's Operating Margin at 4.25% (Q2 2026), 5.26% (Q1 2026) and 6.55% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 4,981.47 Bn | 4,728.96 Bn | 54.77 Bn | 32.62% |
| 2 | Cisco Systems | 421.43 Bn | 357.36 Bn | 11.06 Bn | 24.72% |
| 3 | Dell Technologies | 299.01 Bn | 254.77 Bn | 9.83 Bn | 11.46% |
| 4 | Arista Networks | 228.78 Bn | 182.23 Bn | 1.91 Bn | 45.39% |
| 5 | Sandisk | 201.67 Bn | 190.19 Bn | 7.58 Bn | 78.49% |
| 6 | Sony | 150.21 Bn | 87.47 Bn | 6.53 Bn | 16.79% |
| 7 | Seagate Technology Holdings | 148.05 Bn | 143.04 Bn | 1.90 Bn | 42.96% |
| 8 | Western Digital | 125.79 Bn | 113.92 Bn | 2.03 Bn | 41.71% |
| 9 | Hewlett Packard Enterprise | 75.52 Bn | 53.40 Bn | 4.93 Bn | 11.41% |
| 10 | Hp | 28.64 Bn | 13.91 Bn | 2.95 Bn | 5.69% |
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 5.69% |
| Apr 30, 2026 | 4.25% |
| Jan 31, 2026 | 5.26% |
| Oct 31, 2025 | 6.55% |
| Jul 31, 2025 | 5.14% |
| Apr 30, 2025 | 4.95% |
| Jan 31, 2025 | 6.26% |
| Oct 31, 2024 | 7.05% |
| Jul 31, 2024 | 6.95% |
| Apr 30, 2024 | 7.44% |
| Jan 31, 2024 | 7.09% |
| Oct 31, 2023 | 7.34% |
| Jul 31, 2023 | 7.21% |
| Apr 30, 2023 | 5.79% |
| Jan 31, 2023 | 5.38% |
| Oct 31, 2022 | 5.02% |
| Jul 31, 2022 | 8.57% |
| Apr 30, 2022 | 7.63% |
| Jan 31, 2022 | 7.67% |
| Oct 31, 2021 | 7.78% |
Hp Operating 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=operating-margin&ticker=HPQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=HPQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();