HP Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of HP Inc (HPQ). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Personal Systems | $39.00B 68.9% | $43.33B 68.3% · +11.1% | $44.01B 70.0% · +1.6% | $35.68B 66.4% · -18.9% | $36.20B 67.6% · +1.4% | $38.53B 69.7% · +6.5% |
| Printing | $17.64B 31.1% | $20.13B 31.7% · +14.1% | $18.90B 30.0% · -6.1% | $18.03B 33.6% · -4.6% | $17.34B 32.4% · -3.8% | $16.70B 30.2% · -3.7% |
| Corporate Investments | $2.0M 0.0% | $3.0M 0.0% · +50.0% | $2.0M 0.0% · -33.3% | $7.0M 0.0% · +250.0% | $25.0M 0.0% · +257.1% | $62.0M 0.1% · +148.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Personal Systems | $2.31B 5.9% | $3.15B 7.3% | $2.76B 6.3% | $2.13B 6.0% | $2.25B 6.2% | $2.05B 5.3% |
| Printing | $2.50B 14.1% | $3.65B 18.1% | $3.62B 19.1% | $3.40B 18.9% | $3.29B 19.0% | $3.12B 18.7% |
| Corporate Investments | -$69.0M -3,450.0% | -$96.0M -3,200.0% | -$230.0M -11,500.0% | -$142.0M -2,028.6% | -$132.0M -528.0% | -$130.0M -209.7% |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by product line
| Segment | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Products | $60.04B 95.4% | $50.66B 94.3% · -15.6% | $50.45B 94.2% · -0.4% | $52.00B 94.0% · +3.1% |
| Services | $2.87B 4.6% | $3.06B 5.7% · +6.6% | $3.11B 5.8% · +1.6% | $3.29B 6.0% · +6.0% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.