Filing Flows › SLB Limited (SLB) › Q4 2025
SLB Limited (SLB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Jan 23, 2026
SLB Limited (SLB) reported revenue of $9.7B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +9% from the quarter before. Operating margin was 9.7%, net earnings $824M (8.5% of revenue).
SLB Limited, Q4 2025: revenue $9.7B (+5% year over year), operating margin 9.7%, net earnings $824M, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.7B | +9% | +5% |
| Operating profit | $943M | -6% | -32% |
| Net earnings | $824M | +12% | -25% |
| Operating cash flow | $3.0B | +79% | +26% |
| Free cash flow | $2.5B | +96% | +40% |
What changed
Revenue was $9.7B in Q4 2025, up 5% year over year and up 9% from the previous quarter. Service was the largest line at 55% of revenue.
Operating profit was $0.94B, a 9.7% margin (down 5.3 points year over year). Operating profit fell $0.44B even though revenue rose $0.46B versus a year earlier, so costs grew faster than sales. Total costs grew 11% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $0.82B, down 25% year over year ($0.80B including minority interests, which bore $0.02B of losses). The effective tax rate was 15.2%.
Operating cash flow was $3.0B (up 26% year over year), 376% of net income including minority interests. Non-cash charges added back $0.73B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items added $1.4B. Capital expenditures of $0.52B left free cash flow of $2.5B.
Questions
What was SLB Limited's revenue in the fourth quarter 2025?
SLB Limited (SLB) reported revenue of $9.7B for the fourth quarter 2025 (Q4 2025), +5% from a year earlier and +9% from the quarter before.
Was SLB Limited profitable in the fourth quarter 2025?
Operating profit was $943M (9.7% of revenue) and net earnings $824M.
Source: SLB Limited 10-K on SEC EDGAR.