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).
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 FY25 | Amount | Q/Q | Y/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.
Source: HP 10-K on SEC EDGAR.