HP (Hewlett Packard Inc) Net Revenue

HP’s net revenue and net earnings declined in 2022 compared to the prior year. In 2022, HP generated $62,983 million in net revenue compared to $63,487 million in 2021. While its net revenue declined by almost 1 percent only, the net earnings of the company were half of the previous year.

Net Revenue of HP (Hewlett Packard Inc 2001-2022)

YearHP Inc Net Revenue (Millions)
2022$62,983
2021$63,487
2020$56,639
2019$58,756
2018$ 58,472
2017$52,056
2016$48,238
2015$51,463
2014$56,651
2013$55,273
2012$59,454

2021: HP experienced a 12.1% growth in its net revenues in 2021 compared to 2020 driven mainly by growth in Notebooks, Supplies, Consumer and Commercial Printing. Its 2021 net revenues remained $63.5 billion compared to $56.64 billion in 2020. HP’s gross margin improved by 2.7 percentage points in 2021 compared to 2020.

The net revenue of Hewlett Packard Inc fell 3.6% in 2020 compared to the previous fiscal. Its net revenue in 2020 was $56.64 billion compared to $58.8 billion in 2019.

YearHP Inc and slubsidiaries (Revenues in millions)
2015$103,355
2014$111,454
2013$112,298
2012$120,357
2011$127,245
2010$1,26,033
2009$1,14,552
2008$1,18,364
2007$1,04,286
2006$91,658
2005$86,696
2004$79,905
2003$73,061
2002$56,588
2001$45,226

Hewlett Packard’s Net revenue rose to $58.5 Billions in 2018 from $52.1 Billions in 2017.

HP is  a leading provider of PC and other access devices, imaging and printing products, and related technologies, solutions and services. The brand has a large customer base globally. It sells to individual customers, SMEs, large enterprises, government customers as well as health and education sectors. Founded in 1939 by William R Hewlett and David Packard, HP was incorporated in 1947. In 2015, HP was divided into HP and HPE or Hewlett Packard Enterprises. After the separation Hewlett Packard company changed its name to HP Inc. The brand has achieved some serious growth since it separated from HPE. Having overtaken Lenovo, HP has become the biggest PC maker of the world. In 2016, the brand acquired the printing business by Samsung which has also helped it gain momentum. However, given the decline experienced by the PC and printing businesses in the recent years, HP has acquired some impressive strength. 

The data included in the tables presents the data on HP Inc., as the company came to be renamed after the separation and for HP and its subsidiaries both.  HP’s net revenue in 2017 was 52 Billion dollars around 3.8 Billion dollars higher than the previous year.