Halliburton HAL
NYSE HAL
$37.14 +0.34 (+0.92%)
As of: Sep 9, 2026 · 3:59 PM EDT

Halliburton (HAL) Operating Expenses (2009 - 2026)

Halliburton's (HAL) quarterly Operating Expenses came in at $4.9 billion in Q2 2026, up 3.2% year-over-year from $4.8 billion in Q2 2025, and up 4.51% quarter-over-quarter from $4.7 billion in Q1 2026.

Analysis

Halliburton (HAL) Operating Expenses (2009 - 2026) Analysis & Trends

Halliburton (HAL) has reported Operating Expenses for 18 consecutive years, with $4.9 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Expenses rose 3.2% year-over-year to $4.9 billion in Q2 2026; TTM through Jun 2026 was $19.8 billion, a 2.81% increase from a year earlier, with the FY2025 full-year figure at $19.9 billion, up 4.19% from the prior year.
  • Operating Expenses was $4.9 billion for Q2 2026 at Halliburton, up from $4.7 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $5.2 billion in Q3 2025 and troughed at $3.8 billion in Q1 2022.
  • A 5-year average of $4.7 billion and a median of $4.8 billion in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses jumped 43.6% in 2022 and fell 5.27% in 2026, its largest moves.
  • Over 5 years, Operating Expenses stood at $4.6 billion in 2022, then advanced by 1.63% to $4.7 billion in 2023, then declined by 0.06% to $4.7 billion in 2024, then increased by 4.98% to $4.9 billion in 2025, then increased by 0.51% to $4.9 billion in 2026.
  • The last three Operating Expenses figures came in at $4.9 billion (Q2 2026), $4.7 billion (Q1 2026), and $4.9 billion (Q4 2025), per Business Quant data.
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

Historic Data

Download Data
DateValue
Jun 30, 2026 4.94 Bn
Mar 31, 2026 4.72 Bn
Dec 31, 2025 4.91 Bn
Sep 30, 2025 5.24 Bn
Jun 30, 2025 4.78 Bn
Mar 31, 2025 4.99 Bn
Dec 31, 2024 4.68 Bn
Sep 30, 2024 4.83 Bn
Jun 30, 2024 4.80 Bn
Mar 31, 2024 4.82 Bn
Dec 31, 2023 4.68 Bn
Sep 30, 2023 4.77 Bn
Jun 30, 2023 4.79 Bn
Mar 31, 2023 4.70 Bn
Dec 31, 2022 4.61 Bn
Sep 30, 2022 4.51 Bn
Jun 30, 2022 4.70 Bn
Mar 31, 2022 3.77 Bn
Dec 31, 2021 3.73 Bn
Sep 30, 2021 3.41 Bn