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SLB Limited (SLB) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 28, 2026 · SLB Limited (SLB) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $9.4B · 8¢ of every $1 of revenue kept as net profit · operating margin 10.8%

SLB Limited made $9.4B in Q3 2026 (+6% Y/Y): Service $5.1B, Product $4.4B. Operating margin 10.8%, net earnings $735M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 28, 2026.

Revenue$9.4B
Year over year+6%
Operating margin10.8%
Net earnings$735M
Operating cash flow$1.5B

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SLB Limited Q3 2026 revenue breakdown: Sankey diagram of revenue (Service, Product), costs, profit and cash flow
SLB Limited 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 $9.4B in Q3 2026, up 6% year over year and up 5% from the previous quarter. Service was the largest line at 54% of revenue. Product added $0.60B year over year (up 16%), 115% of the total change. Service declined 2%.

Operating profit was $1.0B, a 10.8% margin (down 0.4 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 11% margin then. Total costs grew 6% against revenue growth of 6%. The fastest-growing cost line was General & admin (+17%). Net earnings were $0.73B, down 1% year over year. The effective tax rate was 23.5%.

Operating cash flow was $1.5B (down 10% year over year), 194% of net income including minority interests. Non-cash charges added back $0.70B of depreciation and amortization and $0.07B of share-based compensation. Capital expenditures of $0.48B left free cash flow of $1.0B.

Quarterly history

SLB Limited revenue by quarterSLB Limited revenue by quarter$8.5BQ1 2025$8.5BQ2 2025$8.9BQ3 2025$9.7BQ4 2025$8.7BQ1 2026$9.0BQ2 2026$9.4BQ3 2026
SLB Limited net earnings by quarterSLB Limited net earnings by quarter$797MQ1 2025$1.0BQ2 2025$739MQ3 2025$824MQ4 2025$752MQ1 2026$786MQ2 2026$735MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 28, 2026$9.4B+6%10.8%$735M$1.5B
Q2 202610-QJul 29, 2026$9.0B+5%11.4%$786M$1.4B
Q1 202610-QApr 29, 2026$8.7B+3%11.0%$752M$487M
Q4 202510-KJan 23, 2026$9.7B+5%9.7%$824M$3.0B
Q3 202510-QOct 22, 2025$8.9B-2%11.2%$739M$1.7B
Q2 202510-QJul 24, 2025$8.5B-6%15.0%$1.0B$1.1B
Q1 202510-QApr 25, 2025$8.5B-2%12.5%$797M$660M

Charts

SLB Limited: revenue growth, year over year and quarter over quarterSLB Limited: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q1 2025-6%+1%Q2 2025-2%+4%Q3 2025+5%+9%Q4 2025+3%-11%Q1 2026+5%+3%Q2 2026+6%+5%Q3 2026
Latest (Q3 2026): Y/Y +6%, Q/Q +5%.
SLB Limited: where the cash came from (+) and went (−), TTM to Q3 2026SLB Limited: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$6.4BCapital spending−$1.8BBuybacks−$1.8BDividends−$1.7BOther investing−$1.6BOther financing$1.3BNet borrowing (+) / repaid (−)−$1.2BCash drawn (+) / kept (−)$393MShares issued$119MTaxes on employees’ shares−$71.0MExchange rates−$9.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
SLB Limited: profit against cash, quarter by quarterSLB Limited: profit against cash, quarter by quarterNet incomeOperating cash flow$1.1B$2.4BQ4 2024$829M$660MQ1 2025$1.0B$1.1BQ2 2025$774M$1.7BQ3 2025$800M$3.0BQ4 2025$761M$487MQ1 2026$815M$1.4BQ2 2026$780M$1.5BQ3 2026
Latest (Q3 2026): Net income $780M, Operating cash flow $1.5B.
SLB Limited: diluted shares by fiscal yearSLB Limited: diluted shares by fiscal year1.39BFY20201.43BFY20211.44BFY20221.44BFY20231.44BFY20241.44BFY2025
+3.4% since FY2020: more shares outstanding (issuance, stock pay).
SLB Limited: long-term debt falling due (FY2025)SLB Limited: long-term debt falling due (FY2025)$1.6B2027$2.0B2028$1.3B2029$1.2B2030
Cash $3.0B, short-term investments $1.2B, long-term debt — at 2025-12-31.
SLB Limited in its industry: growth against margin (19 companies, SIC 1389)SLB Limited in its industry: growth against margin (19 companies, SIC 1389)revenue growth, year over year →↑ operating marginmedian +11%median 7%HALLBRTOIINESRACDCRESXPROWTTRPUMPHOSWBIKLXERNGRNINECLBNGSNCS Multistage Holdings, Inc.TUSKSLB (+6%, 11%)
Oil & Gas Field Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

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About SLB Limited

SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global presence in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.

In its own words, from its 8-K, filed Jul 24, 2026.

SLB Limited against its Oil & Gas Field Services, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +7%. Operating margin: 10.8% against the peers' median 8.7%.

CompanyQuarterRevenueY/YOp. margin
SLB SLB LimitedQ3 2026$9.4B+6%10.8%
HAL HalliburtonQ3 2026$5.7B+2%10.9%
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: SLB Limited 10-Q on SEC EDGAR · CIK 87347 · Oil & Gas Field Services, NEC

13F: who owns SLB and who is buying

Largest holders of SLB (13F)Largest holders of SLB (13F)Vanguard Group$7.2BBlackRock$5.4BVanguard Capital Management LLC$4.5BState Street$4.3BVanguard Portfolio Management LLC$3.5BPrice T Rowe Associates$2.9BFirst Eagle Investment Management…$2.7BCharles Schwab Investment Managem…$2.2BCapital World Investors$2.2BMorgan Stanley$1.8B
Funds' net buying of SLB by quarter (13F)Funds' net buying of SLB by quarter (13F)$615M2024-09−$424M2024-12−$82.1M2025-03−$698M2025-06$3.0B2025-09$991M2025-12$3.3B2026-03$1.1B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on SLB

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：斯伦贝谢（SLB）财报

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