Filing Flows › Halliburton (HAL) › Q2 2026 › vs Q2 2025
Halliburton (HAL) Q2 2026 vs Q2 2025 (year over year)
Halliburton's revenue rose $204M (+4%) from $5.5B in Q2 2025 to $5.7B in Q2 2026. The biggest changes: Services +$171M (+4%); Product sales +$33.0M (+2%). Operating margin 13.6% against 13.2% (+0.4 pts).
Halliburton, Q2 2026: revenue $5.7B (+4% year over year), operating margin 13.6%, net earnings $534M, operating cash flow $824M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 13.6% | 13.2% | +0.4 pts |
| Net margin | 9.3% | 8.6% | +0.8 pts |
| Free cash flow margin | 10.3% | 9.8% | +0.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Services | $4.1B | $3.9B | $171M | +4% |
| Product sales | $1.6B | $1.6B | $33.0M | +2% |
| Revenue | $5.7B | $5.5B | $204M | +4% |
| Operating profit | $778M | $727M | $51.0M | +7% |
| Costs & expenses | $4.9B | $4.8B | $153M | +3% |
| Pre-tax earnings | $664M | $611M | $53.0M | +9% |
| Other expense, net | $114M | $116M | −$2.0M | -2% |
| General & admin | $75.0M | $60.0M | $15.0M | +25% |
| Other operating costs | $4.9B | $4.7B | $138M | +3% |
| Net earnings | $534M | $472M | $62.0M | +13% |
| Minority interests | $4.0M | $8.0M | −$4.0M | -50% |
| Income tax | $126M | $131M | −$5.0M | -4% |
| Depreciation & amortization | $296M | $284M | $12.0M | +4% |
| Working capital & other | $6.0M | −$140M | $146M | — |
| Operating cash flow | $824M | $896M | −$72.0M | -8% |
| Free cash flow (OCF − capex) | $589M | $542M | $47.0M | +9% |
| Capital expenditures | $235M | $354M | −$119M | -34% |
Questions
How much did Halliburton's revenue grow year over year in Q2 2026?
Halliburton's revenue rose $204M (+4%) from $5.5B in Q2 2025 to $5.7B in Q2 2026.
What drove Halliburton's revenue change in Q2 2026?
Services +$171M (+4%); Product sales +$33.0M (+2%).