HPQ HP margins

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  3. NYSE: HPQ
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Relative Growth: Rel. Growth: 44
Relative Strength: Rel. Strength: 89
Relative Valuation: Rel. Valuation: 82
Relative Profitability: Rel. Profitability: 35
Gross margin
19.9%
Operating margin
5.4%
EBITDA margin
7%
Net margin
4.1%

Current HP reports a gross margin of 19.9%, an operating margin of 5.4%, an EBITDA margin of 7%, and a net margin of 4.1%. Gross margin headed the decline across the available margins, falling by 1 percentage points.

HPQ margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, HP's margins averaged 21.22% gross, 6.33% operating, 7.93% EBITDA, and 5.05% net. Each of the four current margins is below its three-year average.

HPQ margin expansion

Year-over-year margin changes in percentage points

HP's gross margin contracted by 1 percentage point, operating margin by 0.5 percentage points, EBITDA margin by 0.5 percentage points, and net margin by 0.7 percentage points, led by gross margin with a decline of 1 percentage point.

Gross margin expansion
-1pp
Operating margin expansion
-0.5pp
EBITDA margin expansion
-0.5pp
Net margin expansion
-0.7pp

HPQ Gross margin

The average gross margin for HP was 21.22% over the last 3 years. Currently, HP's current gross margin is 19.9%, which is 1.3 percentage points below its three-year average. The gross margin for HP moved between 19.9% in Jul 2026 and 22.1% in Oct 2024.

HPQ Operating margin

The average operating margin for HP was 6.33% over the last 3 years. As of the latest period, the current operating margin for HP is 5.4%, 0.9 percentage points below its three-year average. The operating margin for HP moved between 5.3% in Apr 2026 and 7.3% in Apr 2024.

HPQ EBITDA margin

Across the last 3 years, HP's EBITDA margin came to 7.93%. The current EBITDA margin stands at 7%, 0.9 percentage points below its three-year average. EBITDA margin was highest at 8.9% in Apr 2024 and lowest at 7% in Apr 2026.

HPQ Net margin

In the last 3 years, HP had an average net margin of 5.05%. HP currently reports a net margin of 4.1%, 1 percentage points below its three-year average. Looking back over the last 3 years, HP's net margin reached 6.4% at its highest point in Jan 2024 and 4.1% at its lowest in Jul 2026.

HPQ margin group comparison

Margins compared with peer-group, industry and sector averages

HP's gross margin of 19.9% is lower than the Technology sector, the industry and its peers average. In comparison with the Technology sector average of 52%, HP's gross margin is 62% lower.

HPQ margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is HP's gross margin?

For the period ending Jul 31, 2026, HPQ recorded a gross margin of 19.9%.

What is HP's operating margin?

As of Jul 31, 2026, HPQ has an operating margin of 5.4%.

What is HP's EBITDA margin?

For the period ending Jul 31, 2026, HPQ recorded an EBITDA margin of 7%.

What is HP's net margin?

The current net margin for HPQ is 4.1% as of Jul 31, 2026.

What are the average margins of HPQ?

The three-year average margins for HPQ were 21.2% gross, 6.3% operating, 7.9% EBITDA, and 5.1% net.

What are the highest historical margins of HPQ?

Looking back across 5 years, HPQ reached 22.1% gross in Oct 2024, 8.4% operating in Oct 2021, 9.7% EBITDA in Oct 2021, and 10.3% net in Oct 2021.

What are the lowest historical margins of HPQ?

HP's lowest recorded margins during the past 5 years were 19.5% gross in Oct 2022, 5.3% operating in Apr 2026, 7% EBITDA in Apr 2026, and 4.1% net in Jul 2023.