HP Inc. Q1 FY26: where the revenue came from and where it went
The whole income statement of HP Inc. for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Nov 1, 2025 – Jan 31, 2026
- Reported
- Feb 25, 2026
Revenue$14.44B
+7% year over year
Gross profit$2.84B
20% margin
Operating profit$0.76B
5% margin
Net profit$0.55B
4% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 14.44 | 100% | +7% |
| Personal systems | 10.25 | 71% | +11% |
| Printing | 4.19 | 29% | −2% |
| Cost of revenue | −11.60 | 80% | |
| Gross profit | 2.84 | 20% margin | −1pp |
| R&D | −0.39 | 3% | +0pp |
| SG&A | −1.50 | 10% | +0pp |
| Other | −0.18 | 1% | +0pp |
| Operating profit | 0.76 | 5% margin | −1pp |
| Interest & other costs | −0.09 | ||
| Tax | −0.13 | ||
| Net profit | 0.55 | 4% margin | +0pp |
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