SLB
Financial Performance
SLB Revenue & Financials
Revenue
$35.7B (FY2025)
Market Cap
$85B
Net Income
$3.4B
Employees
109,000
What is SLB's revenue?
SLB had $35.7B in revenue for fiscal year 2025, down 1.6% from 2024. Net income was $3.4B.
- Latest revenue
- $35.7B (FY2025)
- Year-over-year
- -1.6%
- Growth rate (CAGR)
- 2.8% over 9 years
- Peak revenue
- $36.3B (FY2024)
- Years of data
- 10
- Employees
- 109,000
Financial Analysis
SLB reported FY2025 revenue of $35.71B, GAAP EPS of $2.35, adjusted EPS of $2.93, adjusted EBITDA of $8.46B, operating cash flow of $6.49B and free cash flow of $4.11B. Q4 2025 revenue was $9.75B, including a full quarter of ChampionX. In 2026, Q1 revenue was $8.72B with $752M of net income attributable to SLB, and Q2 revenue was $8.97B with $786M of net income and $716M of free cash flow. SLB raised its dividend in January 2026, pays $0.295 per share quarterly, and committed to return more than $4B to shareholders in 2026. Q3 2026 results are scheduled for October 23, 2026. SLB (formerly Schlumberger) is the absolute largest offshore drilling and oilfield services company in the world, maintaining a massive market valuation generally exceeding $70 billion.
Revenue Trend Analysis
YoY Change
-1.6%
9-Year CAGR
+2.8%
Peak Year
2024
Trend
Mostly Growing
SLB has 10 full fiscal year figures on this page, compounding at +2.8% annually over 9 years. The most recent year saw a 1.6% decline versus the prior year. Annual revenue peaked in fiscal year 2024 at $36.3B. Of 9 comparable year-over-year steps, 6 showed growth and 3 showed a decline.
Annual revenue history
Click any row to see year details.
SLB balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $6.5B | $1.7B | $54.9B | $27.6B | $26.1B | $4.8B | Form 10-K |
| FY2024ended Dec 31, 2024 | $6.6B | $1.9B | $48.9B | $26.6B | $21.1B | $4.7B | Form 10-K |
| FY2023ended Dec 31, 2023 | $6.6B | $1.9B | $48B | $26.6B | $20.2B | $4.7B | Form 10-K |
| FY2022ended Dec 31, 2022 | $3.7B | $1.6B | $43.1B | $25.1B | $17.7B | $2.1B | Form 10-K |
| FY2021ended Dec 31, 2021 | $4.7B | $1.1B | $41.5B | $26.2B | $15B | $3.5B | Form 10-K |
| FY2020ended Dec 31, 2020 | $2.9B | $1.1B | $42.4B | $29.9B | $12.1B | $1.8B | Form 10-K |
| FY2019ended Dec 31, 2019 | $5.4B | $1.7B | $56.3B | $32.1B | $23.8B | $3.7B | Form 10-K |
| FY2018ended Dec 31, 2018 | $5.7B | $2.2B | $70.5B | $33.9B | $36.2B | $3.6B | Form 10-K |
| FY2017ended Dec 31, 2017 | $5.7B | $2.1B | $72B | $34.7B | $36.8B | $3.6B | Form 10-K |
| FY2016ended Dec 31, 2016 | $6.3B | $2.1B | $78B | $36.4B | $41.1B | $4.2B | Form 10-K |
Keep researching SLB
SLB Revenue and Financial FAQ
What was SLB's total revenue for FY2025?
SLB reported consolidated revenue of $35.71 billion for fiscal year 2025, a slight 2% decline from $36.29 billion in FY2024, reflecting disciplined upstream capital spending by operators offset by growth in international and offshore markets.
What was SLB's net income and adjusted EBITDA in 2025?
SLB generated net income attributable to the company of $3.37 billion ($2.35 GAAP EPS; $2.93 adjusted EPS) and adjusted EBITDA of $8.46 billion in FY2025, maintaining a healthy 23.7% adjusted EBITDA margin.
How much free cash flow did SLB generate in FY2025?
SLB generated $4.11 billion in free cash flow and $6.49 billion in operating cash flow in FY2025, demonstrating premier cash-conversion efficiency across capital-intensive oilfield operations.
What were SLB's financial results in Q2 2026?
In Q2 2026, SLB reported revenue of $8.97 billion (up 5% year-over-year), net income of $786 million, and free cash flow of $716 million, bolstered by strong offshore deepwater activity and initial ChampionX synergies.
How much capital does SLB return to shareholders annually?
SLB committed to returning over $4.0 billion to shareholders in 2026 through a combination of quarterly cash dividends ($0.295 per share, yielding ~2.8% to 3.2%) and aggressive open-market share buybacks.
What is the geographic revenue breakdown of SLB's business?
Approximately 81% of revenue originates from international markets (Middle East & Asia generating ~$13.5B, Europe & Africa generating ~$8.0B, Latin America generating ~$7.5B), while North America contributes roughly 19% (~$6.7B).
What is SLB's total debt load and balance sheet credit rating?
SLB holds an upper-medium investment grade credit rating (A by S&P, A2 by Moody's) with net debt of approximately $10.5 billion to $11.5 billion and a net debt-to-adjusted EBITDA ratio below 1.4x.
How much does SLB spend on capital expenditures (Capex)?
SLB spent approximately $2.4 billion to $2.6 billion in capital expenditures in 2025, maintaining a capital-light footprint by leasing equipment and focusing on digital software and proprietary sensor manufacturing.
What was the revenue impact of acquiring ChampionX?
ChampionX contributed approximately $900 million to $1.0 billion in quarterly revenue upon full consolidation starting in Q4 2025, significantly expanding SLB's higher-margin Production Systems division.
What is SLB's equity market capitalization?
SLB trades on the New York Stock Exchange under ticker SLB with a market capitalization between $70 billion and $85 billion, making it by far the most valuable oilfield services company in the world.
How does digital software contribute to SLB's profit margins?
Digital & Integration is SLB's highest-margin segment, regularly generating operating margins of 30% to 35%, pulling up consolidated corporate profitability.
What are SLB's financial expectations for the Kelvion acquisition?
The $4.1 billion acquisition of Kelvion is projected to be immediately accretive to adjusted EPS and free cash flow in 2027, adding over $1.5 billion in annual non-oil industrial cooling revenue.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "SLB Revenue & Financials." CorpDigest, https://corpdigest.com/company/slb/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>SLB reported $35.7B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/slb/financials" target="_blank" rel="noopener">CorpDigest — SLB financials</a></div>Related Financial Audits
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