Halliburton Company (HAL) Income Statement
HAL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHAL revenue and net income
Where HAL's revenue goes
2025Each bar shows an amount and its share of revenue. HAL kept 5.8% of revenue as net income.
HAL profit margins
HAL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.3% | +3.0% | +9.0% | −0.6% |
| Gross profit | −19.0% | +2.4% | +27.4% | +3.3% |
| Operating income | −40.9% | −5.8% | — | — |
| Net income | −48.7% | −6.5% | — | — |
| EPS (diluted) | −19.1% | +3.9% | +30.1% | +4.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HAL quarterly EPS vs estimates
Halliburton beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: October 20, 2026 (estimate $0.58).
HAL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.18B | $22.94B | $23.02B | $20.30B | $15.29B | $14.45B | $22.41B | $24.00B | $20.62B | $15.89B |
| Cost of revenue | $18.70B | $18.64B | $18.60B | $17.05B | $13.28B | $13.40B | $20.12B | $21.01B | $18.34B | $15.02B |
| Gross profit | $3.48B | $4.30B | $23.02B | $3.24B | $2.02B | $1.04B | $2.29B | $2.99B | $2.28B | $870.0M |
| Research & development | $411.0M | $426.0M | $408.0M | $345.0M | $321.0M | $309.0M | $404.0M | $390.0M | $360.0M | $329.0M |
| Sales, general & admin | $239.0M | $239.0M | $228.0M | $240.0M | $204.0M | $182.0M | $227.0M | $254.0M | $256.0M | $226.0M |
| Total operating expenses | $1.22B | $479.0M | −$18.93B | $536.0M | $216.0M | $3.48B | $2.73B | $519.0M | $903.0M | $7.64B |
| Operating income | $2.26B | $3.82B | $4.08B | $2.71B | $1.80B | −$2.44B | −$448.0M | $2.47B | $1.37B | −$6.77B |
| Interest income | $352.0M | $97.0M | $81.0M | $375.0M | $469.0M | $505.0M | $569.0M | $554.0M | $593.0M | $59.0M |
| Interest expense | $352.0M | $353.0M | $395.0M | $492.0M | $529.0M | $543.0M | $592.0M | $598.0M | $705.0M | $698.0M |
| Income before taxes | $1.77B | $3.23B | $3.36B | $2.11B | $1.25B | −$3.22B | −$1.12B | $1.81B | $682.0M | −$7.62B |
| Income taxes | $479.0M | $718.0M | −$701.0M | $515.0M | −$216.0M | −$278.0M | $7.0M | $157.0M | $1.13B | −$1.86B |
| Net income | $1.28B | $2.50B | $2.64B | $1.57B | $1.46B | −$2.94B | −$1.13B | $1.66B | −$463.0M | −$5.76B |
| EBITDA | $4.12B | $5.00B | $4.08B | $3.94B | $2.65B | $1.64B | $3.11B | $4.34B | $3.58B | $2.15B |
| EPS (diluted) | $2.42 | $2.99 | $3.14 | $2.16 | $1.09 | $0.65 | $1.24 | $1.90 | $1.22 | −$0.02 |
| Gross margin | 15.7% | 18.7% | 100.0% | 16.0% | 13.2% | 7.2% | 10.2% | 12.4% | 11.0% | 5.5% |
| Operating margin | 10.2% | 16.7% | 17.7% | 13.3% | 11.8% | −16.9% | −2.0% | 10.3% | 6.7% | −42.6% |
| Net margin | 5.8% | 10.9% | 11.5% | 7.7% | 9.5% | −20.4% | −5.0% | 6.9% | −2.2% | −36.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.71B | $5.40B | $5.66B | $5.60B | $5.51B | $5.42B | $5.61B | $5.70B | $5.83B | $5.80B | $5.74B | $5.80B |
| Cost of revenue | $4.91B | $4.61B | $4.73B | $4.74B | $4.69B | $4.54B | $4.58B | $4.63B | $4.71B | $4.72B | $4.61B | $4.69B |
| Gross profit | $804.0M | $790.0M | $930.0M | $856.0M | $819.0M | $879.0M | $1.03B | $1.07B | $1.12B | $1.08B | $1.13B | $1.12B |
| Research & development | — | — | $411.0M | — | — | — | $426.0M | — | — | — | $408.0M | — |
| Sales, general & admin | $75.0M | $69.0M | $59.0M | $58.0M | $60.0M | $62.0M | $61.0M | $55.0M | $62.0M | $61.0M | $60.0M | $58.0M |
| Total operating expenses | $26.0M | $111.0M | $184.0M | $500.0M | $92.0M | $448.0M | $94.0M | $199.0M | $91.0M | $95.0M | $75.0M | $81.0M |
| Operating income | $778.0M | $679.0M | $746.0M | $356.0M | $727.0M | $431.0M | $932.0M | $871.0M | $1.03B | $987.0M | $1.06B | $1.04B |
| Interest income | $21.0M | $22.0M | $86.0M | $23.0M | $92.0M | $25.0M | $25.0M | $28.0M | $22.0M | $22.0M | $12.0M | $197.0M |
| Interest expense | $83.0M | $104.0M | $20.0M | $111.0M | $110.0M | $111.0M | $109.0M | $113.0M | $114.0M | $114.0M | $314.0M | $118.0M |
| Income before taxes | $664.0M | $569.0M | $635.0M | $219.0M | $611.0M | $306.0M | $793.0M | $734.0M | $920.0M | $787.0M | $835.0M | $916.0M |
| Income taxes | $126.0M | $105.0M | $46.0M | $199.0M | $131.0M | $103.0M | $179.0M | $154.0M | $207.0M | $178.0M | $168.0M | $192.0M |
| Net income | $534.0M | $461.0M | $589.0M | $18.0M | $472.0M | $204.0M | $615.0M | $571.0M | $709.0M | $606.0M | $661.0M | $716.0M |
| EBITDA | $1.04B | $968.0M | $1.13B | $1.00B | $1.00B | $972.0M | $1.18B | $1.25B | $1.30B | $1.16B | $1.41B | $1.29B |
| EPS (diluted) | $0.55 | $0.55 | $0.69 | $0.58 | $0.55 | $0.60 | $0.70 | $0.73 | $0.80 | $0.76 | $0.86 | $0.79 |
| Gross margin | 14.1% | 14.6% | 16.4% | 15.3% | 14.9% | 16.2% | 18.3% | 18.8% | 19.3% | 18.6% | 19.7% | 19.3% |
| Operating margin | 13.6% | 12.6% | 13.2% | 6.4% | 13.2% | 8.0% | 16.6% | 15.3% | 17.7% | 17.0% | 18.4% | 17.9% |
| Net margin | 9.3% | 8.5% | 10.4% | 0.3% | 8.6% | 3.8% | 11.0% | 10.0% | 12.2% | 10.4% | 11.5% | 12.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HAL's financial statements (latest annual report filed February 6, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HAL financial results
In fiscal year 2025 (ended December 31, 2025), Halliburton reported revenue of $22.2 billion, down 3.3% from the year before. It had net income of $1.3 billion (down 48.7%), a net profit margin of 5.8%. Diluted earnings per share came to $2.42. Over five years revenue grew at an average rate of 9.0% a year.
See the HAL stock overview for the latest quote and news, or the HAL chart for price history and technical indicators.
HAL income statement FAQ
What is Halliburton's annual revenue?
Halliburton reported total revenue of $22.2 billion for fiscal year 2025, which ended on December 31, 2025. That was down 3.3% from $22.9 billion the previous year.
Is Halliburton profitable?
Yes. Halliburton reported net income of $1.3 billion in fiscal 2025, a net profit margin of 5.8%; its operating margin was 10.2%.
What is Halliburton's gross margin?
Halliburton's gross margin was 15.7% in fiscal 2025: for every $100 of revenue, Halliburton kept $16 after the direct cost of its products and services.
How much does Halliburton spend on research and development?
Halliburton spent $411.0 million on research and development in fiscal 2025, 1.9% of revenue.
How fast is Halliburton growing?
Revenue grew 9.0% a year on average over the last five fiscal years, from $14.4 billion to $22.2 billion.
What are Halliburton's earnings per share?
Halliburton earned $2.42 per diluted share in fiscal 2025, compared with $2.99 a year earlier.
When will Halliburton report its next earnings?
Halliburton is expected to report results for the quarter ending September 30, 2026 on October 20, 2026 before the market opens.
When does Halliburton's fiscal year end?
Halliburton's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 6, 2026.