Baker Hughes (BKR) Operating Expenses (2016 - 2026)
Baker Hughes' (BKR) quarterly Operating Expenses came in at $723.0 million in Q2 2026, down 0.69% on a YoY basis from $728.0 million in Q2 2025, and down 1.23% quarter-over-quarter from $732.0 million in Q1 2026.
Analysis
Baker Hughes (BKR) Operating Expenses (2016 - 2026) Analysis & Trends
Baker Hughes (BKR) has reported Operating Expenses for 11 consecutive years, with $723.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 0.69% year-over-year to $723.0 million; the trailing twelve-month figure through Jun 2026 stood at $3.0 billion (down 78.83% YoY), and the FY2025 full-year result was $3.2 billion, down 87.06% from the prior year.
- Operating Expenses fell to $723.0 million in Q2 2026 per BKR's latest filing, from $732.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $6.7 billion in Q4 2024 and bottomed at $723.0 million in Q1 2025.
- Historically, Operating Expenses has averaged $4.0 billion across 5 years, with a median of $5.2 billion in 2022.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses rose 17.97% in 2023, then plunged 88.46% in 2025.
- Over 5 years, Operating Expenses stood at $5.2 billion in 2022, then grew by 17.97% to $6.2 billion in 2023, then increased by 8.33% to $6.7 billion in 2024, then tumbled by 88.31% to $783.0 million in 2025, then slipped by 7.66% to $723.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $723.0 million, $732.0 million, and $783.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 85.35 Bn | 82.46 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 63.03 Bn | 47.48 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Halliburton | 30.89 Bn | 28.89 Bn | 2.10 Bn | 4.94 Bn |
| 4 | Weatherford International | 6.88 Bn | 5.75 Bn | 662.00 Mn | 998.00 Mn |
| 5 | Kodiak Gas Services | 6.31 Bn | 6.18 Bn | 246.76 Mn | 266.88 Mn |
| 6 | Tidewater | 4.69 Bn | 4.07 Bn | 161.54 Mn | 279.76 Mn |
| 7 | USA Compression Partners | 3.95 Bn | 3.94 Bn | 217.36 Mn | 241.76 Mn |
| 8 | National Energy Services Reunited | 3.50 Bn | 3.32 Bn | 81.29 Mn | 12.02 Mn |
| 9 | Liberty Energy | 3.36 Bn | 2.80 Bn | 208.34 Mn | 1.18 Bn |
| 10 | Select Water Solutions | 2.55 Bn | 2.61 Bn | 76.84 Mn | 42.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 723.00 Mn |
| Mar 31, 2026 | 732.00 Mn |
| Dec 31, 2025 | 783.00 Mn |
| Sep 30, 2025 | 753.00 Mn |
| Jun 30, 2025 | 728.00 Mn |
| Mar 31, 2025 | 723.00 Mn |
| Dec 31, 2024 | 6.70 Bn |
| Sep 30, 2024 | 5.98 Bn |
| Jun 30, 2024 | 6.31 Bn |
| Mar 31, 2024 | 5.77 Bn |
| Dec 31, 2023 | 6.18 Bn |
| Sep 30, 2023 | 5.93 Bn |
| Jun 30, 2023 | 5.80 Bn |
| Mar 31, 2023 | 5.28 Bn |
| Dec 31, 2022 | 5.24 Bn |
| Sep 30, 2022 | 5.10 Bn |
| Jun 30, 2022 | 5.07 Bn |
| Mar 31, 2022 | 4.56 Bn |
| Dec 31, 2021 | 4.91 Bn |
| Sep 30, 2021 | 4.72 Bn |