Baker Hughes (BKR) Operating Expenses (2016 - 2026)
Baker Hughes (BKR) reported Operating Expenses of $723 million for Q2 2026, down 0.7% from $728 million a year earlier and down 1.2% from the prior quarter.
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Analysis
Baker Hughes (BKR) Operating Expenses (2016 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Baker Hughes' Operating Expenses came in at $2.99 billion, down 78.8% year-over-year; for FY2025, it came in at $3.2 billion, down 87.1% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of -38.6% (FY2020 to FY2025).
- By year, Operating Expenses came in at $24.75 billion in FY2024 (+6.7%), $23.19 billion in FY2023 (+16.1%), $19.97 billion in FY2022 (+4.1%) and $19.19 billion in FY2021 (-47.7%).
- Five-year quarterly Operating Expenses spans a low of $723 million in Q1 2025 and a high of $6.7 billion in Q4 2024.
- Year over year, Operating Expenses gained in three of the last eight quarters, with an average decline of 42.7%.
- The high point for year-over-year Operating Expenses in five years was Q4 2023 (growth of 18.0%); the low point was Q2 2025 (a decline of 88.5%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $732 million (Q1 2026), $783 million (Q4 2025) and $753 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 76.39 Bn | 73.50 Bn | 1.40 Bn | 324.00 Mn |
| 2 | Baker Hughes | 56.70 Bn | 19.98 Bn | 1.58 Bn | 723.00 Mn |
| 3 | TechnipFMC | 27.74 Bn | 23.88 Bn | 684.70 Mn | 2.28 Bn |
| 4 | Halliburton | 27.03 Bn | 18.79 Bn | 804.00 Mn | 4.94 Bn |
| 5 | Nov | 6.97 Bn | 1.76 Bn | 521.00 Mn | 1.04 Bn |
| 6 | Noble | 6.81 Bn | 4.74 Bn | 239.27 Mn | 689.21 Mn |
| 7 | Weatherford International | 5.95 Bn | 1.88 Bn | 333.00 Mn | 998.00 Mn |
| 8 | Transocean | 5.90 Bn | 3.61 Bn | 358.00 Mn | 812.00 Mn |
| 9 | Valaris | 5.52 Bn | 3.13 Bn | 123.70 Mn | 498.70 Mn |
| 10 | Kodiak Gas Services | 5.32 Bn | 5.09 Bn | 246.76 Mn | 266.88 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 |
API Access
Baker Hughes Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=BKR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "BKR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=BKR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();