Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-02-26	Reiterated	Goldman Sachs	Sell	$21 → $19
May-28-26	Reiterated	Wells Fargo	Underweight	$30 → $20
May-28-26	Reiterated	Barclays	Underweight	$18 → $19
May-28-26	Reiterated	Morgan Stanley	Underweight	$17 → $19
May-21-26	Reiterated	Morgan Stanley	Underweight	$18 → $17
Feb-19-26	Reiterated	Evercore ISI		$25 → $22
Feb-19-26	Reiterated	UBS	Neutral	$24 → $20
Feb-03-26	Downgrade	B of A Securities	Neutral → Underperform
Jan-20-26	Reiterated	Morgan Stanley	Underweight	$20 → $18
Jan-16-26	Downgrade	Barclays	Equal Weight → Underweight	$28 → $18

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 10/31/2025	FY 2024 10/31/2024	FY 2023 10/31/2023
Total Revenue	57,417	55,295	53,559	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	45,753	44,248	41,741
Gross Profit	11,606	11,047	11,818
Selling, General and Administrative Excl. Other	5,900	5,821	5,658
Research and Development	1,628	1,602	1,640
Other Operating Expense	915	0	702
Operating Income	3,163	3,624	3,818
Interest Expense	454	506	607
Unusual Expense	—	—	—
Non-Operating Income (Expense)	89	450	-68
Net Income Before Taxes	2,622	2,668	3,279
Income Taxes	69	139	504
Consolidated Net Income	2,553	2,529	2,775
Net Income From Continuing Operations	2,553	2,529	2,775
Net Income	2,553	2,529	2,775
EPS (Recurring)	2.74	2.67	2.83
EPS (Basic, Before Extraordinaries)	2.74	2.67	2.83
EPS (Diluted)	2.71	2.65	2.81
EBITDA	3,921	4,090	4,716
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	8.67	10.44	—
Price To Sales Ratio	0.38	0.47	—
Gross Margin	20.21	19.98	22.07
Operating Margin	5.51	6.55	7.13
Net Margin	4.45	4.57	5.18
Shares Outstanding	922	946	979
Market Capitalization	21,667	26,176	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
McQuarrie David P.	Chief Commercial Officer	Jun 12 '26	Sale	24.68	10,524	259,732	92,200	Jun 16 12:00 AM
Bergh Charles V	Director	Apr 01 '26	Option Exercise	0.00	19,762	0	94,515	Apr 03 12:00 AM
Bergh Charles V	Director	Mar 25 '26	Option Exercise	11.45	97,088	1,111,658	84,634	Mar 27 12:00 AM
Citrino Mary Anne	Director	Mar 11 '26	Option Exercise	11.45	145,632	1,667,486	78,423	Mar 13 12:00 AM
Citrino Mary Anne	Director	Mar 11 '26	Sale	18.47	45,172	834,327	33,251	Mar 13 12:00 AM
Patel Ketan M	President, Personal Systems	Feb 03 '26	Option Exercise	0.00	2,238	0	35,691	Feb 05 12:00 AM
Patel Ketan M	President, Personal Systems	Dec 26 '25	Sale	23.19	33,321	772,714	34,572	Dec 30 12:00 AM
Olson Anneliese	Pres Imaging Prtng & Solutions	Dec 09 '25	Sale	24.83	16,726	415,307	169	Dec 10 12:00 AM
Patel Ketan M	President, Personal Systems	Dec 07 '25	Option Exercise	0.00	83,180	0	88,507	Dec 09 12:00 AM
PARKHILL KAREN L	Chief Financial Officer	Dec 07 '25	Option Exercise	0.00	57,140	0	114,806	Dec 09 12:00 AM
Olson Anneliese	Pres Imaging Prtng & Solutions	Dec 07 '25	Option Exercise	0.00	62,170	0	37,458	Dec 09 12:00 AM
McQuarrie David P.	Chief Commercial Officer	Dec 07 '25	Option Exercise	0.00	115,628	0	130,467	Dec 09 12:00 AM
LORES ENRIQUE	President and CEO	Dec 07 '25	Option Exercise	0.00	378,400	0	273,047	Dec 09 12:00 AM
Jacobs Julie M	Chief Legal Officer and GC	Dec 07 '25	Option Exercise	0.00	103,966	0	297,475	Dec 09 12:00 AM
LORES ENRIQUE	President and CEO	Dec 05 '25	Sale	26.00	41,922	1,090,182	141,456	Dec 09 12:00 AM


Market Cap	21.20B	Forward P/E	7.77	EPS next Y	3.03	Insider Trans	0.02%	Shs Float	-	Perf Month	12.06%


Enterprise Value	27.16B	PEG	1.68	EPS next Q	0.66	Inst Own	-	Short Float	-	Perf Quarter	27.16%


Income	2.53B	P/S	0.37	EPS this Y	11.59%	Inst Trans	-	Short Ratio	-	Perf Half Y	-5.36%


Sales	57.41B	P/B	-	EPS next Y	0.04%	ROA	5.95%	Short Interest	-	Perf YTD	5.48%


Book/sh	-0.16	P/C	4.65	EPS next 5Y	7.37%	ROE	-473.44%	52W High	29.65 -20.74%	Perf Year	-3.25%


Cash/sh	4.05	P/FCF	5.61	EPS past 3/5Y	-	ROIC	22.75%	52W Low	17.56 33.83%	Perf 3Y	-


Dividend Est.	1.20 (5.11%)	EV/EBITDA	6.93	Sales past 3/5Y	-4.21% -0.48%	Gross Margin	20.21%	Volatility	2.69% 3.92%	Perf 5Y	-


Dividend TTM	1.19 (5.06%)	EV/Sales	0.47	EPS Y/Y TTM	19.22%	Oper. Margin	5.51%	ATR (14)	1.25	Perf 10Y	-


Dividend Ex-Date	Sep 09, 2026	Quick Ratio	0.49	Sales Y/Y TTM	7.20%	Profit Margin	4.45%	RSI (14)	47.25	Recom	3.44


Dividend Gr. 3/5Y	4.88% 10.09%	Current Ratio	0.79	EPS Q/Q	21.13%	SMA20	-6.78%	Beta	0.92	Target Price	19.83


Payout	42.81%	Debt/Eq	-67.13	Sales Q/Q	8.99%	SMA50	5.31%	Rel Volume	1.56	Prev Close	23.18


Employees	58,000	LT Debt/Eq	-27.85	Earnings	Aug 26	SMA200	2.40%	Avg Volume	19.97M	Price	23.50


IPO Date	Nov 06, 1957	Option/Short	Yes / Yes	EPS/Sales Surpr.	20.96% 2.99%	Net Debt/EBITDA	1.52	Volume	31,069,794	Change	1.38%

HPQ