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Halliburton (HAL) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 23, 2026 · Halliburton (HAL) Q3 2026 earnings results →

Q3 2026 Revenue up 2% year over year to $5.7B · 7¢ of every $1 of revenue kept as net profit · operating margin 10.9%

Halliburton made $5.7B in Q3 2026 (+2% Y/Y): Services $4.1B, Product sales $1.6B. Operating margin 10.9%, net earnings $419M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 23, 2026.

Revenue$5.7B
Year over year+2%
Operating margin10.9%
Net earnings$419M
Operating cash flow$368M

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Halliburton Q3 2026 revenue breakdown: Sankey diagram of revenue (Services, Product sales), costs, profit and cash flow
Halliburton Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $5.7B in Q3 2026, up 2% year over year and roughly flat from the previous quarter. Services was the largest line at 72% of revenue. Services added $0.07B year over year (up 2%), 64% of the total change.

Operating profit was $0.62B, a 10.9% margin (up 4.6 points year over year). Of the extra revenue versus Q3 2025, 260% reached operating profit, above the 6% margin then. Total costs fell 3% while revenue rose 2%. The fastest-growing cost line was General & admin (+16%). Net earnings were $0.42B, up 2217% year over year. The effective tax rate was 18.3%.

Operating cash flow was $0.37B (down 25% year over year), 88% of net earnings. Non-cash charges added back $0.30B of depreciation and amortization. Working capital and other items used $0.35B. Capital expenditures of $0.27B left free cash flow of $0.10B.

Quarterly history

Halliburton revenue by quarterHalliburton revenue by quarter$5.4BQ1 2025$5.5BQ2 2025$5.6BQ3 2025$5.7BQ4 2025$5.4BQ1 2026$5.7BQ2 2026$5.7BQ3 2026
Halliburton net earnings by quarterHalliburton net earnings by quarter$203MQ1 2025$472MQ2 2025$18.0MQ3 2025$589MQ4 2025$464MQ1 2026$534MQ2 2026$419MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 23, 2026$5.7B+2%10.9%$419M$368M
Q2 202610-QJul 24, 2026$5.7B+4%13.6%$534M$824M
Q1 202610-QApr 24, 2026$5.4B-0.3%12.6%$464M$273M
Q4 202510-KFeb 6, 2026$5.7B+0.8%13.2%$589M$1.2B
Q3 202510-QOct 24, 2025$5.6B-2%6.4%$18.0M$488M
Q2 202510-QJul 25, 2025$5.5B-6%13.2%$472M$896M
Q1 202510-QApr 25, 2025$5.4B-7%8.0%$203M$377M

Charts

Halliburton: revenue growth, year over year and quarter over quarterHalliburton: revenue growth, year over year and quarter over quarterY/YQ/Q-7%Q1 2025-6%+2%Q2 2025-2%+2%Q3 2025+1%+1%Q4 20250%-5%Q1 2026+4%+6%Q2 2026+2%0%Q3 2026
Latest (Q3 2026): Y/Y +2%, Q/Q 0%.
Halliburton: where the cash came from (+) and went (−), TTM to Q3 2026Halliburton: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$2.6BCapital spending−$1.0BBuybacks−$808MDividends−$569MOther financing−$430MAsset & business sales$222MCash drawn (+) / kept (−)$183MAcquisitions−$117MOther investing−$44.0MExchange rates−$37.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Halliburton: profit against cash, quarter by quarterHalliburton: profit against cash, quarter by quarterNet incomeOperating cash flow$614M$1.5BQ4 2024$203M$377MQ1 2025$480M$896MQ2 2025$20.0M$488MQ3 2025$589M$1.2BQ4 2025$464M$273MQ1 2026$538M$824MQ2 2026$419M$368MQ3 2026
Latest (Q3 2026): Net income $419M, Operating cash flow $368M.
Halliburton: diluted shares by fiscal yearHalliburton: diluted shares by fiscal year881MFY2020892MFY2021908MFY2022902MFY2023883MFY2024853MFY2025
-3.2% since FY2020: buybacks shrank the count.
Halliburton: long-term debt falling due (FY2025)Halliburton: long-term debt falling due (FY2025)$90.0M2027$1.0B2030
Cash $2.2B, short-term investments —, long-term debt $7.2B at 2025-12-31.
Halliburton in its industry: growth against margin (19 companies, SIC 1389)Halliburton in its industry: growth against margin (19 companies, SIC 1389)revenue growth, year over year →↑ operating marginmedian +11%median 7%SLBLBRTOIINESRACDCRESXPROWTTRPUMPHOSWBIKLXERNGRNINECLBNGSNCS Multistage Holdings, Inc.TUSKHAL (+2%, 11%)
Oil & Gas Field Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Halliburton

industry. Its predecessor was established in 1919 and incorporated under the laws of the State of Delaware in 1924. Inspired by the past and leading into the future, what started with a single product from a single location is now a global enterprise. Our

In its own words, from its 10-K, filed Feb 6, 2026.

Halliburton against its Oil & Gas Field Services, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +7%. Operating margin: 10.9% against the peers' median 8.7%.

CompanyQuarterRevenueY/YOp. margin
HAL HalliburtonQ3 2026$5.7B+2%10.9%
SLB SLB LimitedQ3 2026$9.4B+6%10.8%
LBRT Liberty EnergyQ3 2026$1.2B+26%1.6%
OII Oceaneering InternationalQ3 2026$785M+6%11.7%
NESR National Energy Services ReunitedQ2 2026$521M+59%12.5%
ACDC ProFrac HoldingQ3 2026$511M+27%-6.7%
RES RPCQ3 2026$468M+5%-11.5%
XPRO ExproQ3 2026$440M+7%1.1%
WTTR Select Water SolutionsQ2 2026$396M+9%8.7%

Source: Halliburton 10-Q on SEC EDGAR · CIK 45012 · Oil & Gas Field Services, NEC

Guidance and outlook

Halliburton: what its forward-looking statements are about (10-Q filed 2026-10-23)Halliburton: what its forward-looking statements are about (10-Q filed 2026-10-23)Other16Capital spending3Demand3Buybacks & dividends1Costs1People1Financing1
26 statements; tone -0.08 (−1 all cautious, +1 all confident); 1 hedged.
Halliburton: outlook statements against the filing beforeHalliburton: outlook statements against the filing beforeNew10Updated2Dropped7Confident3Cautious5

13F: who owns HAL and who is buying

Largest holders of HAL (13F)Largest holders of HAL (13F)Vanguard Group$2.9BBlackRock$2.8BState Street$1.9BVanguard Capital Management LLC$1.8BVanguard Portfolio Management LLC$1.4BGeode Capital Management, LLC$760MMorgan Stanley$566MAQR Capital Management LLC$403MQube Research & Technologies$378MGoldman Sachs Group$361M
Funds' net buying of HAL by quarter (13F)Funds' net buying of HAL by quarter (13F)−$330M2024-09$65.0M2024-12−$397M2025-03$462M2025-06$339M2025-09−$523M2025-12−$371M2026-03$209M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on HAL

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版：Halliburton（HAL）财报

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