Filing Flows › Halliburton (HAL) › Q3 2025
Halliburton (HAL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 24, 2025
Halliburton (HAL) reported revenue of $5.6B for the third quarter 2025 (Q3 2025), -2% from a year earlier and +2% from the quarter before. Operating margin was 6.4%, net earnings $18.0M (0.3% of revenue).
Halliburton, Q3 2025: revenue $5.6B (-2% year over year), operating margin 6.4%, net earnings $18.0M, operating cash flow $488M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6B | +2% | -2% |
| Operating profit | $356M | -51% | -59% |
| Net earnings | $18.0M | -96% | -97% |
| Operating cash flow | $488M | -46% | -42% |
| Free cash flow | $227M | -58% | -55% |
What changed
Revenue was $5.6B in Q3 2025, down 2% year over year and up 2% from the previous quarter. Services was the largest line at 72% of revenue. Services lost $0.07B year over year (down 2%), 69% of the total change.
Operating profit was $0.36B, a 6.4% margin (down 8.9 points year over year). Total costs grew 9% against a revenue fall of 2%. Net earnings were $0.02B, down 97% year over year. The effective tax rate was 90.9%.
Operating cash flow was $0.49B (down 42% year over year), 2440% of net income including minority interests. Non-cash charges added back $0.28B of depreciation and amortization. Working capital and other items added $0.18B. Capital expenditures of $0.26B left free cash flow of $0.23B.
Questions
What was Halliburton's revenue in the third quarter 2025?
Halliburton (HAL) reported revenue of $5.6B for the third quarter 2025 (Q3 2025), -2% from a year earlier and +2% from the quarter before.
Was Halliburton profitable in the third quarter 2025?
Operating profit was $356M (6.4% of revenue) and net earnings $18.0M.
Source: Halliburton 10-Q on SEC EDGAR.