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How Halliburton (HAL) makes money

Halliburton (HAL) made $5.7B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Services brought in $4.1B (72%); Product sales brought in $1.6B (28%). Of every dollar of revenue, 11¢ was left as operating profit, 7¢ was left as net earnings.

Drawing the Sankey…

Halliburton revenue by segment, Q3 2026Halliburton revenue by segment, Q3 2026Services$4.1BProduct sales$1.6B
Halliburton: revenue by line, Q1 2025 to Q3 2026Halliburton: revenue by line, Q1 2025 to Q3 2026ServicesProduct salesServices: $4.1B latest$4.1BProduct sales: $1.6B latest$1.6BQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2025 and Q3 2026.
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: where each dollar of revenue goesHalliburton: where each dollar of revenue goesOperating profit11¢Income tax2¢Net earnings7¢Operating cash flow6¢Free cash flow2¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Services$4.1B71.8%-0.4%+2%
Product sales$1.6B28.2%+0.4%+2%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$5.7B100.0%
Operating profit$624M10.9%
Income tax$94.0M1.6%
Net earnings$419M7.3%
Operating cash flow$368M6.5%
Free cash flow$102M1.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$5.7B+2%
Q2 2026$5.7B+4%
Q1 2026$5.4B-0.3%
Q4 2025$5.7B+0.8%
Q3 2025$5.6B-2%
Q2 2025$5.5B-6%
Q1 2025$5.4B-7%

From Halliburton's 10-Q filed Oct 23, 2026 (on EDGAR).

Questions

How does Halliburton make money?

Halliburton (HAL) made $5.7B of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Services brought in $4.1B (72%); Product sales brought in $1.6B (28%). Of every dollar of revenue, 11¢ was left as operating profit, 7¢ was left as net earnings.

What is Halliburton's biggest business?

Services: $4.1B in the third quarter 2026, 72% of revenue, +2% from a year earlier.

What is Halliburton's profit margin?

Net earnings were $419M, 7.3% of revenue, in the third quarter 2026; the operating margin was 10.9%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.