Filing Flows › HP (HPQ) › How it makes money
How HP (HPQ) makes money
HP (HPQ) made $15.7B of revenue in the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier. Products brought in $14.8B (95%); Services brought in $852M (5%). Of every dollar of revenue, 19¢ was left as gross profit, 6¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Products | $14.8B | 94.6% | +9% | +13% |
| Services | $852M | 5.4% | +0.8% | +4% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $15.7B | 100.0% |
| Cost of revenue | $12.7B | 81.2% |
| Gross profit | $2.9B | 18.8% |
| Operating expenses | $2.1B | 13.1% |
| Operating profit | $892M | 5.7% |
| Income tax | $137M | 0.9% |
| Net earnings | $661M | 4.2% |
| Operating cash flow | $1.7B | 11.1% |
| Free cash flow | $1.5B | 9.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $15.7B | +12% |
| Q2 FY26 | $14.4B | +9% |
| Q1 FY26 | $14.4B | +7% |
| Q4 FY25 | $14.6B | +4% |
| Q3 FY25 | $13.9B | +3% |
| Q2 FY25 | $13.2B | +3% |
| Q4 FY24 | $14.1B | +2% |
From HP's 10-Q filed Aug 27, 2026 (on EDGAR).
Questions
How does HP make money?
HP (HPQ) made $15.7B of revenue in the third quarter fiscal 2026 (Q3 FY26), +13% from a year earlier. Products brought in $14.8B (95%); Services brought in $852M (5%). Of every dollar of revenue, 19¢ was left as gross profit, 6¢ was left as operating profit, 4¢ was left as net earnings.
What is HP's biggest business?
Products: $14.8B in the third quarter fiscal 2026, 95% of revenue, +13% from a year earlier.
What is HP's profit margin?
Net earnings were $661M, 4.2% of revenue, in the third quarter fiscal 2026; the operating margin was 5.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.