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.
Paying user area
Try for free
Schlumberger Ltd. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Schlumberger Ltd. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Schlumberger Ltd., consolidated income statement (quarterly data)
US$ in millions
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
The financial data reveals clear patterns in revenues, costs, margins, and income over the given periods. An analysis of key components presents the following observations:
- Revenue Trends
- Service revenues showed variability with a decline in early 2020 from $5426M (Mar 31, 2020) to $3721M (Jun 30, 2020) followed by a gradual recovery and growth to $5878M by Dec 31, 2024, before a slight dip to $5366M in the last period (Mar 31, 2025). Product sales mirrored a similar pattern with an initial fall and a steady rise from $2029M to a peak of $3406M (Dec 31, 2024) before dropping to $3124M at the end. Overall revenue combined these two components, showing impact from early 2020 challenges with a low of $5258M in Sep 2020, then a consistent recovery and increase to a high of $9284M in Dec 2024, followed by a decrease to $8490M in the final period.
- Cost Analysis
- Costs of services and sales generally rose over time in absolute terms. The cost of services, after bottoming near $3031M (Mar 31, 2021), increased steadily to over $4400M-$4500M from mid-2023 onwards, signaling rising cost pressure. Similarly, the cost of sales climbed from around $1389M in Dec 2020 to nearly $2800M by late 2024, before declining slightly in 2025. Aggregate cost of revenue closely tracked these trends, indicating overall cost escalation alongside revenue growth but with some recent easing in the final quarter.
- Profitability and Margins
- Gross margins experienced a notable recovery and improvement post-2020 lows, rising from $431M in Jun 2020 to peaks exceeding $1900M by late 2024, reflecting effective revenue growth outpacing cost increases. However, a reduction to $1606M at the end points to some margin pressure in the latest quarter. Operating income transitioned from a significant loss in early 2020 (-$7992M in Mar 2020) to consistent profits after Sep 2020, reaching over $1500M at peak periods around 2024, albeit with some fluctuations downward toward the end.
- Expenses Other than Cost of Revenue
- Research & engineering and general & administrative expenses remained relatively stable with modest increases in line with business scale. Restructuring and merger & integration costs appeared only from 2023 onwards, imposing additional charges that fluctuated and peaked in the negative impact toward the end of 2024. These costs likely contributed to variations in operating results during those periods.
- Net Income and Taxation
- Net income followed the trajectory of operating income, moving from deep losses in 2020 towards sustained profitability starting late 2020. The net income attributable to the company exhibited steady growth, peaking in 2024 near $1200M “before tapering off to $797M in the last quarter observed. Tax expenses fluctuated, generally increasing alongside profits but with some variability, somewhat dampening net income growth in later periods.
- Other Financial Items
- Interest expense remained fairly constant, with values typically around $120M-$140M each quarter. Interest and other income showed sporadic spikes, such as $311M in Jun 2022, indicating non-recurring gains that temporarily boosted income before tax. The large impairments and other losses recognized in early 2020 had a significant negative impact initially but ceased thereafter, likely reflecting a resolution of extraordinary items affecting that period.
In summary, the data illustrate a recovery from a challenging start in 2020 marked by losses, followed by a rebound in revenues and operating profitability through 2021-2024. The costs generally increased but margins improved as revenues outpaced expense growth. Non-recurring charges such as restructuring and integration costs surfaced later and impacted operating results. Net income mirrored operating improvements but showed some softness at the end of the period. Overall, the financial trends suggest a company stabilizing and growing after early disruptions, managing costs reasonably well, but facing some margin and income volatility in the most recent quarters.