HP Inc. reported $4.20B of remaining performance obligations at 31 Jul 2026, up 5% from a year earlier and flat from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
Net new backlog added in the latest quarter: $0.
48% of the backlog is due within the next twelve months.
Customer prepayments (contract liabilities) cover 81.0% of the backlog.
Twelve-month book-to-bill: 1.00, i.e. 1.00 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -3 points — revenue is catching up with orders.
By backlog size it ranks 127th among US filers the cockpit tracks.
HP Inc. backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
31 Jul 2026
$4.20B
$59.2B
0.1 yrs
$3.40B
30 Apr 2026
$4.20B
$57.4B
0.1 yrs
$3.40B
31 Jan 2026
$4.40B
$56.2B
0.1 yrs
$3.30B
31 Oct 2025
$4.30B
$55.3B
0.1 yrs
$3.20B
31 Jul 2025
$4.00B
$54.7B
0.1 yrs
$3.10B
30 Apr 2025
$4.00B
$54.3B
0.1 yrs
$3.00B
31 Jan 2025
$3.90B
$53.9B
0.1 yrs
$3.00B
31 Oct 2024
$3.90B
$53.6B
0.1 yrs
$2.90B
31 Jul 2024
$3.90B
$53.3B
0.1 yrs
$2.80B
30 Apr 2024
$3.90B
$53.0B
0.1 yrs
$2.80B
31 Jan 2024
$3.80B
$53.1B
0.1 yrs
$2.80B
31 Oct 2023
$3.70B
$53.7B
0.1 yrs
$2.70B
Questions
What is HP Inc.'s backlog?
HP Inc. reported $4.20B of remaining performance obligations at 31 Jul 2026, up 5% from a year earlier and flat from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.00.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.