HP (HPQ) 10-K Summaries & Annual Filing History
Review HP Inc. (HPQ) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Oct 31, 2025 · FY2025 10-K
HP Inc. reported a modest revenue increase for the fiscal year, reversing a multi-year decline, while operating cash flow remained solid. The company continues to rely on internally generated cash to fund operations, share repurchases, and dividends, and it maintains access to multiple funding sources.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$55.3B
Revenue reported for the fiscal year.
Operating income
$3.2B
Income from operations reported for the year.
Net income
$2.5B
Net income reported for the year.
Operating cash flow
$3.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Oct 31, 2022 | $62.9B | -0.9% |
| Oct 31, 2023 | $53.7B | -14.6% |
| Oct 31, 2024 | $53.6B | -0.3% |
| Oct 31, 2025 | $55.3B | +3.2% |
Business overview
HP Inc. provides personal computing and printing products and services. The company's business overview is described in Item 1 of the filing, and its risk factors are detailed in Item 1A.
Financial performance
Revenue for the year was reported at the supplied figure, showing a slight increase compared to the prior year after two consecutive years of decline. Operating income and net income were also reported, and operating cash flow was provided.
Material risks
The filing identifies a range of risk factors in Item 1A, including business, market, and economic conditions that could constrain access to capital markets or increase borrowing costs. Liquidity is subject to these and other risks described in the risk factors section.
Liquidity and capital
The company uses cash generated from operations as its primary liquidity source and believes current cash, cash flow, and available credit facilities are sufficient for foreseeable needs, including share repurchases and dividends. Additional borrowings may be used for acquisitions if suitable opportunities arise.
What to watch
Monitor whether the company's revenue growth can be sustained after the modest uptick in the most recent fiscal year.