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% YoY from $728.0 million in Q2 2025, and down 1.23% on a QoQ basis from $732.0 million in Q1 2026.
Baker Hughes (BKR) Operating Expenses (2016 - 2026) Analysis & Trends
Baker Hughes (BKR) has 11 years of Operating Expenses data on file, last reported at $723.0 million in Q2 2026.
- Quarterly Operating Expenses fell 0.69% year-over-year to $723.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $3.0 billion (down 78.83% YoY) and the FY2025 annual result came in at $3.2 billion, down 87.06% from the prior year.
- Operating Expenses slipped to $723.0 million in Q2 2026, from $732.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $6.7 billion in Q4 2024 to a low of $723.0 million in Q1 2025.
- A 5-year average of $4.0 billion and a median of $5.2 billion in 2022 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses increased 17.97% — and 2025, when it tumbled 88.46%.
- Tracing BKR's Operating Expenses over 5 years: stood at $5.2 billion in 2022, then advanced by 17.97% to $6.2 billion in 2023, then climbed by 8.33% to $6.7 billion in 2024, then sank by 88.31% to $783.0 million in 2025, then retreated by 7.66% to $723.0 million in 2026.
- The last three Operating Expenses figures came in at $723.0 million (Q2 2026), $732.0 million (Q1 2026), and $783.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 39.97 Mn |
| 10 | Oceaneering International | 5.22 Bn | 4.59 Bn | 156.98 Mn | 68.75 Mn |
Historic Data
Download 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 |