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How SLB Limited (SLB) makes money

SLB Limited (SLB) made $9.4B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Service brought in $5.1B (54%); Product brought in $4.4B (46%). Of every dollar of revenue, 11¢ was left as operating profit, 8¢ was left as net earnings.

Drawing the Sankey…

SLB Limited revenue by segment, Q3 2026SLB Limited revenue by segment, Q3 2026Service$5.1BProduct$4.4B
SLB Limited: revenue by line, Q1 2025 to Q3 2026SLB Limited: revenue by line, Q1 2025 to Q3 2026ServiceProductService: $5.1B latest$5.1BProduct: $4.4B latest$4.4BQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Service went from 63% of revenue in Q1 2025 to 54% in Q3 2026, the largest shift in the mix.
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: where each dollar of revenue goesSLB Limited: where each dollar of revenue goesOperating profit11¢Income tax3¢Net earnings8¢Operating cash flow16¢Free cash flow11¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Service$5.1B53.7%-2%-2%
Product$4.4B46.3%+16%+16%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$9.4B100.0%
Operating profit$1.0B10.8%
Income tax$239M2.5%
Net earnings$735M7.8%
Operating cash flow$1.5B16.0%
Free cash flow$1.0B10.8%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$9.4B+6%
Q2 2026$9.0B+5%
Q1 2026$8.7B+3%
Q4 2025$9.7B+5%
Q3 2025$8.9B-2%
Q2 2025$8.5B-6%
Q1 2025$8.5B-2%

From SLB Limited's 10-Q filed Oct 28, 2026 (on EDGAR).

Questions

How does SLB Limited make money?

SLB Limited (SLB) made $9.4B of revenue in the third quarter 2026 (Q3 2026), +6% from a year earlier. Service brought in $5.1B (54%); Product brought in $4.4B (46%). Of every dollar of revenue, 11¢ was left as operating profit, 8¢ was left as net earnings.

What is SLB Limited's biggest business?

Service: $5.1B in the third quarter 2026, 54% of revenue, -2% from a year earlier.

What is SLB Limited's profit margin?

Net earnings were $735M, 7.8% of revenue, in the third quarter 2026; the operating margin was 10.8%.

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