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)
| Year | HP 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.
| Year | HP 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. Â HP’s net revenue in 2017 was 52 Billion dollars around 3.8 Billion dollars higher than the previous year.Â
Abhijeet Pratap is a passionate blogger with seven years of experience in the field. Specializing in business management and digital marketing, he has developed a keen understanding of the intricacies of these domains. Through his insightful articles, Abhijeet shares his knowledge, helping readers navigate the complexities of modern business landscapes and digital strategies.