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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |