| (a) | Effective at the beginning of its first quarter of fiscal 2024, HP realigned its business unit financial reporting more closely with its customer market segmentation. The realignment resulted in the transfer of LaserJet printers net revenues from Consumer Printing to Commercial Printing. HP reflected this change to its business unit information in prior reporting periods on an as-if basis which resulted in the reclassification of net revenues from Consumer Printing to Commercial Printing. The reporting change had no impact to previously reported segment net revenue, consolidated net revenue, earnings from operations, net earnings or net earnings per share. | |
| (b) | "NM" represents not meaningful. | |
| HP INC. AND SUBSIDIARIES
SEGMENT OPERATING MARGIN SUMMARY (Unaudited) | |||||||||
| Three months ended | Change (pts) | ||||||||
| October 31, 2024 | July 31, 2024 | October 31, 2023 | Q/Q | Y/Y | |||||
| Segment operating margin: | |||||||||
| Personal Systems | 5.7% | 6.4% | 6.7% | (0.7)pts | (1.0)pts | ||||
| Printing | 19.6% | 17.3% | 18.9% | 2.3pts | 0.7pts | ||||
| Corporate Investments(a) | NM | NM | NM | NM | NM | ||||
| Total segment | 9.9% | 9.5% | 10.3% | 0.4pts | (0.4)pts | ||||
| Twelve months ended | Change (pts) | ||||
| October 31, 2024 | October 31, 2023 | Y/Y | |||
| Segment operating margin: | |||||
| Personal Systems | 6.1% | 6.0% | 0.1pts | ||
| Printing | 19.0% | 18.9% | 0.1pts | ||
| Corporate Investments (a) | NM | NM | NM | ||
| Total segment | 10.0% | 10.0% | —pts | ||
