HP INC

For the period ended Oct 31, 2024. Filed Dec 13, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Dec 13, 2024

HPQ$28.42+0.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Earnings

HP INC. AND SUBSIDIARIES
Consolidated Statements of Earnings
	For the fiscal years ended October 31
	2024	2023	2022
	In millions, except per share amounts
Net revenue
Products	$50,453	$50,660	$60,041
Services	3,106	3,058	2,869
Total net revenue	53,559	53,718	62,910
Cost of net revenue:
Products	39,952	40,484	48,881
Services	1,789	1,726	1,766
Total cost of net revenue	41,741	42,210	50,647
Gross margin	11,818	11,508	12,263
Research and development	1,640	1,578	1,653
Selling, general and administrative	5,658	5,357	5,264
Restructuring and other charges	301	527	218
Acquisition and divestiture charges	83	240	318
Amortization of intangible assets	318	350	228
Russia exit charges	—	—	23
Total costs and expenses	8,000	8,052	7,704
Earnings from operations	3,818	3,456	4,559
Interest and other, net	(539)	(519)	(235)
Earnings before taxes	3,279	2,937	4,324
(Provision for) benefit from taxes	(504)	326	(1,192)
Net earnings	$2,775	$3,263	$3,132
Net earnings per share:
Basic	$2.83	$3.29	$3.02
Diluted	$2.81	$3.26	$2.98
Weighted-average shares used to compute net earnings per share:
Basic	979	992	1,038
Diluted	989	1,000	1,050

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