Filing Flows › HP (HPQ) › Q4 FY24
HP (HPQ) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 13, 2024
HP (HPQ) reported revenue of $14.1B for the fourth quarter fiscal 2024 (Q4 FY24), +2% from a year earlier and +4% from the quarter before. Operating margin was 7.1%, net earnings $906M (6.4% of revenue).
HP, Q4 FY24: revenue $14.1B (+2% year over year), operating margin 7.1%, net earnings $906M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.1B | +4% | +2% |
| Gross profit | $3.0B | +3% | +0.5% |
| Operating profit | $991M | +5% | -2% |
| Net earnings | $906M | +42% | -7% |
| Operating cash flow | $1.6B | +14% | -18% |
| Free cash flow | $1.5B | +16% | -20% |
What changed
Revenue was $14.1B in Q4 FY24, up 2% year over year and up 4% from the previous quarter. Products was the largest line at 94% of revenue.
Gross margin was 21.4%, down 0.3 points from a year earlier. Operating profit was $1.0B, a 7.1% margin (down 0.3 points year over year). Operating profit fell $0.02B even though revenue rose $0.24B versus a year earlier, so costs grew faster than sales. Operating expenses grew 2% against revenue growth of 2%. Net earnings were $0.91B, down 7% year over year. The effective tax rate was -5.1%.
Operating cash flow was $1.6B (down 18% year over year), 179% of net earnings. Non-cash charges added back $0.21B of depreciation and amortization and $0.09B of share-based compensation. Working capital and other items added $0.42B. Capital expenditures of $0.15B left free cash flow of $1.5B.
Questions
What was HP's revenue in the fourth quarter fiscal 2024?
HP (HPQ) reported revenue of $14.1B for the fourth quarter fiscal 2024 (Q4 FY24), +2% from a year earlier and +4% from the quarter before.
Was HP profitable in the fourth quarter fiscal 2024?
Operating profit was $991M (7.1% of revenue) and net earnings $906M.
Source: HP 10-K on SEC EDGAR.