Filing Flows › SLB Limited (SLB) › Q2 2026 › vs Q2 2025
SLB Limited (SLB) Q2 2026 vs Q2 2025 (year over year)
SLB Limited's revenue rose $426M (+5%) from $8.5B in Q2 2025 to $9.0B in Q2 2026. The biggest changes: Product +$553M (+17%); Service −$127M (-2%). Operating margin 11.4% against 15.0% (-3.7 pts).
SLB Limited, Q2 2026: revenue $9.0B (+5% year over year), operating margin 11.4%, net earnings $786M, operating cash flow $1.4B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 11.4% | 15.0% | -3.7 pts |
| Net margin | 8.8% | 11.9% | -3.1 pts |
| Free cash flow margin | 10.0% | 9.0% | +1.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Service | $5.2B | $5.3B | −$127M | -2% |
| Product | $3.8B | $3.2B | $553M | +17% |
| Revenue | $9.0B | $8.5B | $426M | +5% |
| Operating profit | $1.0B | $1.3B | −$266M | -21% |
| Costs & expenses | $8.0B | $7.3B | $692M | +10% |
| Pre-tax earnings | $1.0B | $1.3B | −$266M | -21% |
| Research & development | $171M | $180M | −$9.0M | -5% |
| General & admin | $84.0M | $87.0M | −$3.0M | -3% |
| Other operating costs | $7.7B | $7.0B | $704M | +10% |
| Net earnings | $786M | $1.0B | −$228M | -22% |
| Minority interests | $29.0M | $34.0M | −$5.0M | -15% |
| Income tax | $204M | $237M | −$33.0M | -14% |
| Depreciation & amortization | $712M | $633M | $79.0M | +12% |
| Share-based compensation | $78.0M | $77.0M | $1.0M | +1% |
| Working capital & other | $217M | $582M | −$365M | -63% |
| Operating cash flow | $1.4B | $1.1B | $217M | +19% |
| Free cash flow (OCF − capex) | $900M | $771M | $129M | +17% |
| Capital expenditures | $459M | $371M | $88.0M | +24% |
Questions
How much did SLB Limited's revenue grow year over year in Q2 2026?
SLB Limited's revenue rose $426M (+5%) from $8.5B in Q2 2025 to $9.0B in Q2 2026.
What drove SLB Limited's revenue change in Q2 2026?
Product +$553M (+17%); Service −$127M (-2%).