Filing Flows

Filing Flows › HP (HPQ) › Q4 FY25

HP (HPQ) Q4 FY25 earnings results (fourth quarter fiscal 2025)

10-K filed Dec 10, 2025

HP (HPQ) reported revenue of $14.6B for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and +5% from the quarter before. Operating margin was 6.6%, net earnings $795M (5.4% of revenue).

Revenue$14.6B
Year over year+4%
Quarter over quarter+5%
Operating margin6.6%
Net earnings$795M

HP, Q4 FY25: revenue $14.6B (+4% year over year), operating margin 6.6%, net earnings $795M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.

Q4 FY25AmountQ/QY/Y
Revenue$14.6B+5%+4%
Gross profit$3.0B+4%-1%
Operating profit$959M+34%-3%
Net earnings$795M+4%-12%
Operating cash flow$1.6B-2%+0.1%
Free cash flow$1.4B-1%-3%

What changed

Revenue was $14.6B in Q4 FY25, up 4% year over year and up 5% from the previous quarter. Products was the largest line at 94% of revenue.

Gross margin was 20.2%, down 1.1 points from Q4 FY24. Operating profit was $1.0B, a 6.6% margin (down 0.5 points year over year). Operating profit fell $0.03B even though revenue rose $0.58B versus Q4 FY24, so costs grew faster than sales. Operating expenses fell 0% while revenue rose 4%. Net earnings were $0.80B, down 12% year over year. The effective tax rate was 4.7%.

Operating cash flow was $1.6B (roughly flat year over year), 204% 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 $0.53B. Capital expenditures of $0.20B left free cash flow of $1.4B.

Questions

What was HP's revenue in the fourth quarter fiscal 2025?

HP (HPQ) reported revenue of $14.6B for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and +5% from the quarter before.

Was HP profitable in the fourth quarter fiscal 2025?

Operating profit was $959M (6.6% of revenue) and net earnings $795M.

Open the interactive Sankey →

Source: HP 10-K on SEC EDGAR.