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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Schlumberger Ltd. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Schlumberger Ltd., consolidated income statement (quarterly data)
US$ in millions
Based on: 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), 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).
- Revenue and Sales Trends
- The overall revenue exhibits a consistent upward trend starting from US$7,455 million in March 2020 to a peak around US$9,284 million in March 2025, despite some fluctuations within quarters. Service revenues show significant growth over the period but experience a notable dip around March to June 2020, partially recovering thereafter. Product sales also increase but at a slower and more variable pace, with slight declines noted in some quarters such as those ending in March 2022 and June 2025.
- Cost and Margin Analysis
- Both cost of services and cost of product sales increase steadily in absolute terms parallel to revenue growth, although costs of services remain the larger component. Gross margin improves overall from US$831 million at the start to peaks near US$1,961 million by the end of the period, signifying better profitability or improved operational efficiency. This improvement is consistent despite rising costs, indicating strong margin management.
- Operating Income and Expenses
- Operating income transitions from a significant loss in early 2020 of roughly US$7,992 million to positive values in subsequent quarters, peaking above US$1,450 million towards 2024. This turnaround coincides with the elimination of large impairments which severely affected early 2020 results. Research & engineering and general & administrative expenses remain relatively stable in relation to revenue, with minor fluctuations. Restructuring and merger-related expenses appear sporadically from late 2023 onwards, contributing occasional cost spikes.
- Taxes and Net Income
- Tax expenses fluctuate but generally increase in line with profitability improvements, reaching nearly US$300 million periods near the end. Net income attributable to the company follows a recovery pattern, moving from heavy losses early in 2020 to consistent profitability above US$1,000 million quarterly in later years, though with some variability and occasional declines in recent quarters.
- Interest and Other Income/Expense
- Interest expense remains relatively stable throughout the analysis period, consistently around US$120-140 million per quarter. Interest and other income show variability with spikes in mid-year 2022 and again in 2025, positively contributing to income before taxes.
- Overall Financial Health and Trends
- The company demonstrates substantial recovery and growth from a challenging start in early 2020, marked by large impairments and losses, to stable positive earnings and expanding revenue streams. Cost control is evident in maintaining gross margins and operating income gains despite rising absolute expenses corresponding to revenue growth. A slight tightening or plateauing in margins and net income is observed toward the end of the period, possibly related to increased restructuring and integration costs. The data imply improved operational efficiency and effective recovery strategies over the analyzed quarters.