Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Statement of Comprehensive Income
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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SLB N.V., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Revenue exhibited a sustained growth trajectory from March 2021 through December 2025, increasing from 5,223 million US$ to a peak of 9,744 million US$. This growth was driven by expansions in both services and product sales, although a contraction occurred in the first quarter of 2026, with revenue declining to 8,721 million US$.
- Revenue Mix and Composition
- A notable shift in the revenue composition is observed. Services revenue grew steadily from 3,482 million US$ in March 2021 to a peak of 5,823 million US$ in December 2023, before experiencing a gradual decline to 4,919 million US$ by March 2026. Conversely, product sales demonstrated more aggressive growth, rising from 1,741 million US$ in March 2021 to a peak of 4,389 million US$ in December 2025. This indicates an increasing reliance on product sales as a proportion of total revenue over the analyzed period.
- Gross Profitability and Margin Trends
- Gross margin expanded significantly from 719 million US$ in March 2021 to a peak of 1,961 million US$ in December 2024. While the cost of revenue rose in absolute terms, the rate of gross margin growth outpaced cost increases for several years. However, a downward trend emerged in 2025 and early 2026, with the gross margin falling to 1,331 million US$ by March 2026, coinciding with a spike in the cost of sales during the latter half of 2025.
- Operating Expenses and Non-Recurring Charges
- Research and engineering expenses remained relatively stable, fluctuating between 134 million US$ and 192 million US$. General and administrative costs also remained consistent. A significant change in the expense profile occurred starting in late 2023 and 2024 with the introduction of merger and integration costs and restructuring charges. Restructuring expenses became a recurring headwind from June 2024 through December 2025, with a peak charge of 223 million US$ in December 2024. Additionally, a substantial impairment charge of 331 million US$ was recorded in December 2025, impacting the final quarters of the period.
- Operating and Net Income Performance
- Operating income followed a general upward trend from 503 million US$ in March 2021, peaking at 1,547 million US$ in September 2024. The subsequent decline to 1,029 million US$ in March 2026 is attributable to the combined effect of narrowing gross margins and the onset of restructuring and integration costs. Net income attributable to SLB mirrored this pattern, growing from 299 million US$ in March 2021 to a peak of 1,186 million US$ in September 2024, before moderating to 752 million US$ by March 2026.
- Financial Costs and Taxation
- Interest expenses remained remarkably stable, generally ranging between 113 million US$ and 147 million US$. Interest and other income showed volatility, with a notable peak of 311 million US$ in June 2022 and 252 million US$ in June 2025. Tax expenses scaled proportionally with income before taxes, generally reflecting a consistent effective tax rate across the period.