Filing Flows › HP (HPQ) › Operating margin
HP (HPQ) operating margin by quarter
HP's operating margin was 5.7% in Q3 FY26 (third quarter fiscal 2026), +1.4 pts from Q2 FY26. Over the last 7 quarters it ranged from 4.2% (Q2 FY26) to 7.1% (Q4 FY24).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 FY26 | 5.7% | +1.4 pts | +0.6 pts |
| Q2 FY26 | 4.2% | -1.0 pts | -0.7 pts |
| Q1 FY26 | 5.3% | -1.3 pts | — |
| Q4 FY25 | 6.6% | +1.4 pts | -0.5 pts |
| Q3 FY25 | 5.1% | +0.2 pts | — |
| Q2 FY25 | 4.9% | -2.1 pts | — |
| Q4 FY24 | 7.1% | — | — |
Q3 FY26 at a glance
HP, Q3 FY26: revenue $15.7B (+12% year over year), operating margin 5.7%, net earnings $661M, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
Questions
What is HP's operating margin?
HP's operating margin was 5.7% in Q3 FY26 (third quarter fiscal 2026), +1.4 pts from Q2 FY26.
How has HP's operating margin changed?
Over the last 7 quarters it ranged from 4.2% (Q2 FY26) to 7.1% (Q4 FY24).