HP said net revenue for the three months ended January 31, 2025 increased 2.4% (3.3% on a constant currency basis) compared with the prior-year period. The company cited the increase in products net revenue from Commercial PS and disciplined pricing as well as the increase in services net revenue as factors.

10-QQuarterly reportFiled Feb 28, 2025Period of report Jan 31, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

HP said net revenue for the three months ended January 31, 2025 increased 2.4% (3.3% on a constant currency basis) compared with the prior-year period. The company cited the increase in products net revenue from Commercial PS and disciplined pricing as well as the increase in services net revenue as factors.
HP said Personal Systems net revenue increased 4.7% and Commercial PS grew 9.9%. The company said Printing net revenue decreased 2.4% and Commercial Printing declined 6.8%.
HP said gross margin for the three months ended January 31, 2025 decreased by 0.9 percentage points. The company cited higher commodity costs and unfavorable currency impacts as factors for the decline in products gross margin, and said services gross margin decreased due to unfavorable mix shifts.
HP said it returned $0.4 billion to shareholders during the three months ended January 31, 2025 in the form of cash dividends of $0.3 billion and share repurchases of $0.1 billion. As of January 31, 2025, HP had approximately $9.2 billion remaining under share repurchase authorizations approved by its Board of Directors.

Key figures

Quarter ended January 31, 2025

Revenue: $13.5B
Operating income: $845M
Net income: $565M
EPS: $0.59
Gross profit: $2.8B
Operating cash flow: $374M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly net revenue increased 2.4%

HP said net revenue for the three months ended January 31, 2025 increased 2.4% (3.3% on a constant currency basis) compared with the prior-year period. The company cited the increase in products net revenue from Commercial PS and disciplined pricing as well as the increase in services net revenue as factors.

Source · Based on the MD&A text of the filing

Personal Systems and Printing net revenue move in opposite directions

HP said Personal Systems net revenue increased 4.7% and Commercial PS grew 9.9%. The company said Printing net revenue decreased 2.4% and Commercial Printing declined 6.8%.

Source · Based on the MD&A text of the filing

Gross margin declined 0.9 percentage points

HP said gross margin for the three months ended January 31, 2025 decreased by 0.9 percentage points. The company cited higher commodity costs and unfavorable currency impacts as factors for the decline in products gross margin, and said services gross margin decreased due to unfavorable mix shifts.

Source · Based on the MD&A text of the filing

Shareholder returns and remaining share repurchase authorization

HP said it returned $0.4 billion to shareholders during the three months ended January 31, 2025 in the form of cash dividends of $0.3 billion and share repurchases of $0.1 billion. As of January 31, 2025, HP had approximately $9.2 billion remaining under share repurchase authorizations approved by its Board of Directors.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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