Halliburton (HAL) Operating Expenses (2009 - 2026)
Halliburton's (HAL) quarterly Operating Expenses came in at $4.7 billion in Q1 2026, down 5.27% year-on-year from $5.0 billion in Q1 2025, and down 3.83% on a QoQ basis from $4.9 billion in Q4 2025.
Halliburton (HAL) Operating Expenses (2009 - 2026) Analysis & Trends
Halliburton (HAL) has 18 years of Operating Expenses data on file, last reported at $4.7 billion in Q1 2026.
- On a quarterly basis, Operating Expenses fell 5.27% year-over-year to $4.7 billion in Q1 2026; TTM through Mar 2026 was $19.7 billion, a 1.92% increase from a year earlier, with the FY2025 full-year figure at $19.9 billion, up 4.19% from the prior year.
- Operating Expenses for Q1 2026 stood at $4.7 billion, down from $4.9 billion in the prior quarter.
- Over the last five years, Operating Expenses for HAL reached as high as $5.2 billion in Q3 2025 and fell as low as $3.8 billion in Q1 2022.
- Historically, Operating Expenses has averaged $4.7 billion across 5 years, with a median of $4.8 billion in 2023.
- Across the five-year window, Operating Expenses soared 43.6% in 2022 and declined 5.27% in 2026, its largest moves.
- Year by year, Operating Expenses stood at $4.6 billion in 2022, then rose by 1.63% to $4.7 billion in 2023, then slipped by 0.06% to $4.7 billion in 2024, then climbed by 4.98% to $4.9 billion in 2025, then declined by 3.83% to $4.7 billion in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $4.7 billion in Q1 2026, $4.9 billion in Q4 2025, and $5.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 78.08 Bn | 74.69 Bn | 5.38 Bn | 261.00 Mn |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn | -466.59 Mn |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn | 2.14 Bn |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn | 4.72 Bn |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn | 9.00 Mn |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn | 998.00 Mn |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn | 45.37 Mn |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn | 69.48 Mn |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn | 238.95 Mn |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 Mn | 267.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 3.27 Bn |