Hp (HPQ) Research & Development (2009 - 2026)
Hp (HPQ) reported Research & Development of $389 million for fiscal Q3 2026 (quarter ended Jul 31, 2026), down 4.2% from $406 million a year earlier and down 10.0% from the prior quarter.
Powered by 
Analysis
Hp (HPQ) Research & Development (2009 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Hp's Research & Development came in at $1.61 billion, up 0.9% year-over-year; for FY2025 (ended Oct 31, 2025), it was $1.6 billion, down 2.3% from FY2024.
- Research & Development has a five-year compound annual growth rate of 1.6% (FY2020 to FY2025).
- By fiscal year, Research & Development came in at $1.64 billion in FY2024 (+3.9%), $1.58 billion in FY2023 (-4.5%), $1.65 billion in FY2022 (-10.6%) and $1.85 billion in FY2021 (+25.1%).
- The fiscal Q3 2026 figure ranks as the lowest quarterly Research & Development since fiscal Q3 2023.
- Year over year, Research & Development gained in two of the last eight quarters, with an average decline of 1.4%.
- The high point for year-over-year Research & Development in five years was fiscal Q3 2024 (growth of 16.7%); the low point was fiscal Q3 2022 (a decline of 22.9%).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at $432 million (Q2 2026), $392 million (Q1 2026) and $398 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Apple | 5,028.22 Bn | 4,775.71 Bn | 54.77 Bn | 11.73 Bn |
| 2 | Cisco Systems | 420.88 Bn | 356.80 Bn | 11.06 Bn | 2.43 Bn |
| 3 | Dell Technologies | 293.18 Bn | 248.94 Bn | 9.83 Bn | 1.11 Bn |
| 4 | Arista Networks | 230.46 Bn | 183.91 Bn | 1.91 Bn | 348.20 Mn |
| 5 | Sandisk | 201.65 Bn | 190.18 Bn | 7.58 Bn | 348.00 Mn |
| 6 | Sony | 148.11 Bn | 85.38 Bn | 6.53 Bn | - |
| 7 | Seagate Technology Holdings | 144.57 Bn | 139.56 Bn | 1.90 Bn | 188.00 Mn |
| 8 | Western Digital | 121.56 Bn | 109.69 Bn | 2.03 Bn | 284.00 Mn |
| 9 | Hewlett Packard Enterprise | 74.47 Bn | 52.35 Bn | 4.93 Bn | 1.16 Bn |
| 10 | Hp | 27.78 Bn | 13.05 Bn | 2.95 Bn | 389.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 389.00 Mn |
| Apr 30, 2026 | 432.00 Mn |
| Jan 31, 2026 | 392.00 Mn |
| Oct 31, 2025 | 398.00 Mn |
| Jul 31, 2025 | 406.00 Mn |
| Apr 30, 2025 | 401.00 Mn |
| Jan 31, 2025 | 397.00 Mn |
| Oct 31, 2024 | 392.00 Mn |
| Jul 31, 2024 | 413.00 Mn |
| Apr 30, 2024 | 436.00 Mn |
| Jan 31, 2024 | 399.00 Mn |
| Oct 31, 2023 | 411.00 Mn |
| Jul 31, 2023 | 354.00 Mn |
| Apr 30, 2023 | 410.00 Mn |
| Jan 31, 2023 | 403.00 Mn |
| Oct 31, 2022 | 382.00 Mn |
| Jul 31, 2022 | 368.00 Mn |
| Apr 30, 2022 | 425.00 Mn |
| Jan 31, 2022 | 478.00 Mn |
| Oct 31, 2021 | 386.00 Mn |
API Access
Hp Research & Development 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=research-and-development&ticker=HPQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=HPQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();