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
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
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SLB N.V., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-30), 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 growth exhibited a consistent upward trajectory from the first quarter of 2021 through the end of 2025. Total revenue increased from 5,223 million US dollars in March 2021 to a peak of 9,744 million US dollars in December 2025. This growth was supported by expansions in both services and product sales, although product sales demonstrated a more aggressive growth rate over the period, rising from 1,741 million US dollars in March 2021 to 4,389 million US dollars by December 2025.
- Gross Profitability and Cost of Revenue
- Gross margins expanded steadily from 719 million US dollars in March 2021 to a peak of 1,961 million US dollars in December 2024. However, a notable contraction occurred in 2025 and 2026, with the gross margin falling to 1,331 million US dollars by March 2026. This decline coincides with a sharp increase in the cost of sales, which reached a peak of 3,807 million US dollars in December 2025, indicating a compression in product sales margins toward the end of the analyzed period.
- Operating Income and Expense Trends
- Operating income rose from 503 million US dollars in March 2021 to a high of 1,547 million US dollars in September 2024. Subsequently, operating income entered a period of volatility and gradual decline, ending at 1,071 million US dollars in June 2026. While research, engineering, and general administrative expenses remained relatively stable, the introduction of significant non-recurring costs impacted the bottom line. Specifically, restructuring and other charges emerged in 2024, peaking at 223 million US dollars in December 2024, and merger and integration costs became a recurring expense from 2023 through 2026.
- Net Income and Bottom-Line Performance
- Net income attributable to the parent company grew from 299 million US dollars in March 2021 to 1,186 million US dollars in September 2024. Profitability softened in the subsequent periods, with net income fluctuating between 739 million and 824 million US dollars in 2025 and 2026. This downward pressure was exacerbated by a substantial impairment charge of 331 million US dollars recorded in December 2025 and fluctuating tax expenses.
- Financial Leverage and Other Income
- Interest expenses remained remarkably stable, fluctuating within a narrow range between 113 million and 147 million US dollars. Other income showed significant volatility, including a spike to 311 million US dollars in June 2022 and 252 million US dollars in June 2025, which provided intermittent support to the income before taxes.