Baker Hughes reported revenue of $6.74B and net income of $0.68B for the quarter ended Jun 2026, down 2.4% year over year. This income statement covers 40 quarters of results from Sep 2016 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Sep2016 | Dec2016 | Mar2017 | Jun2017 | Sep2017 | Dec2017 | Mar2018 | Jun2018 | Sep2018 | Dec2018 | Mar2019 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||||||||||||||||||||||||
| Revenue | 5.09B | 5.49B | 4.83B | 5.05B | 5.37B | 5.91B | 5.72B | 6.32B | 6.64B | 6.83B | 6.42B | 7.14B | 6.91B | 7.36B | 6.43B | 6.91B | 7.01B | 7.39B | 6.59B | 6.74B | ||||||||||||||||||||
| Cost of RevenueCost of Rev | 2.56B | 2.69B | 2.37B | 2.50B | 2.64B | 8.63B | 2.98B | 3.25B | 3.47B | 9.80B | 4.96B | 5.47B | 5.18B | 5.58B | 4.93B | 5.28B | 5.30B | 5.61B | 5.07B | 5.16B | ||||||||||||||||||||
| Gross Profit | 2.53B | 2.80B | 2.47B | 2.55B | 2.73B | -2.72B | 2.73B | 3.06B | 3.17B | -2.96B | 1.46B | 1.67B | 1.73B | 1.79B | 1.50B | 1.63B | 1.71B | 1.77B | 1.51B | 1.58B | ||||||||||||||||||||
| Operating items | ||||||||||||||||||||||||||||||||||||||||
| Research & DevelopmentR&D | 0.16B | 0.16B | 0.16B | 0.16B | 0.15B | 0.16B | 0.15B | 0.15B | 0.13B | 0.14B | ||||||||||||||||||||||||||||||
| Selling, General & AdministrativeSG&A | 0.61B | 0.63B | 0.62B | 0.62B | 0.62B | 0.65B | 0.66B | 0.69B | 0.63B | 0.63B | 0.62B | 0.64B | 0.61B | 0.58B | 0.58B | 0.57B | 0.61B | 0.64B | 0.56B | 0.57B | ||||||||||||||||||||
| Restructuring CostsRestructuring | 0.01B | 0.05B | 0.07B | 0.37B | 0.23B | 0.03B | 0.06B | 0.10B | 0.00B | 0.15B | 0.01B | 0.01B | 0.24B | 0.04B | 0.01B | |||||||||||||||||||||||||
| Other Operating ExpensesOther Opex | 4.09B | 4.23B | 3.87B | 4.08B | 4.25B | 4.57B | 4.57B | 5.00B | 5.30B | 5.40B | 4.98B | 5.49B | 5.21B | 5.71B | ||||||||||||||||||||||||||
| Operating ExpensesOpex | 4.71B | 4.91B | 4.56B | 5.07B | 5.10B | 5.24B | 5.28B | 5.80B | 5.93B | 6.18B | 5.76B | 6.31B | 5.98B | 6.70B | 0.72B | 0.73B | 0.75B | 0.78B | 0.73B | 0.72B | ||||||||||||||||||||
| Operating IncomeOp. Inc | 0.38B | 0.57B | 0.28B | -0.03B | 0.27B | 0.66B | 0.44B | 0.51B | 0.71B | 0.65B | 0.65B | 0.83B | 0.93B | 0.67B | 0.77B | 0.90B | 0.95B | 0.99B | 0.78B | 0.86B | ||||||||||||||||||||
| EBIT | 0.38B | 0.57B | 0.28B | -0.03B | 0.27B | 0.66B | 0.44B | 0.51B | 0.71B | 0.65B | 0.65B | 0.83B | 0.93B | 0.67B | 0.77B | 0.90B | 0.95B | 0.99B | 0.78B | 0.86B | ||||||||||||||||||||
| Non-operating items | ||||||||||||||||||||||||||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -0.10B | 0.21B | -0.03B | -0.57B | -0.06B | -0.25B | 0.39B | 0.16B | 0.09B | -0.09B | -0.02B | 0.03B | 0.13B | 0.16B | -0.14B | 0.13B | -0.07B | -0.17B | 0.59B | 0.10B | ||||||||||||||||||||
| Net income details | ||||||||||||||||||||||||||||||||||||||||
| EBT | 0.21B | 0.69B | 0.19B | -0.66B | 0.14B | 0.34B | 0.76B | 0.61B | 0.76B | 0.52B | 0.64B | 0.82B | 1.01B | 0.79B | 0.56B | 0.97B | 0.82B | 0.53B | 1.27B | 0.89B | ||||||||||||||||||||
| Tax ProvisionsTaxes | 0.19B | 0.35B | 0.11B | 0.18B | 0.15B | 0.16B | 0.18B | 0.20B | 0.23B | 0.07B | 0.18B | 0.24B | 0.23B | -0.40B | 0.15B | 0.26B | 0.20B | -0.36B | 0.34B | 0.21B | ||||||||||||||||||||
| Profit After TaxPAT | 0.02B | 0.34B | 0.08B | -0.84B | -0.02B | 0.18B | 0.58B | 0.41B | 0.52B | 0.45B | 0.46B | 0.58B | 0.77B | 1.19B | 0.41B | 0.71B | 0.62B | 0.89B | 0.94B | 0.68B | ||||||||||||||||||||
| Equity Income | ||||||||||||||||||||||||||||||||||||||||
| Income from Non-Controlling InterestsInc. Minority | 0.01B | 0.04B | 0.01B | 0.00B | 0.01B | 0.01B | 0.01B | 0.00B | 0.01B | 0.01B | 0.01B | 0.00B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.00B | ||||||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 0.02B | 0.34B | 0.08B | -0.84B | -0.01B | 0.19B | 0.58B | 0.41B | 0.52B | 0.45B | 0.46B | 0.58B | 0.77B | 1.19B | 0.41B | 0.71B | 0.62B | 0.89B | 0.94B | 0.68B | ||||||||||||||||||||
| Consolidated Net IncomeConsol Net Inc. | 0.02B | 0.34B | 0.08B | -0.84B | -0.01B | 0.19B | 0.58B | 0.41B | 0.52B | 0.45B | 0.46B | 0.58B | 0.77B | 1.19B | 0.41B | 0.71B | 0.62B | 0.89B | 0.94B | 0.68B | ||||||||||||||||||||
| Income towards Parent CompanyParent Net Inc | 0.02B | 0.34B | 0.08B | -0.84B | -0.01B | 0.19B | 0.58B | 0.41B | 0.52B | 0.45B | 0.46B | 0.58B | 0.77B | 1.19B | 0.41B | 0.71B | 0.62B | 0.89B | 0.94B | 0.68B | ||||||||||||||||||||
| Net Income towards Common StockholdersNet Income | 0.02B | 0.34B | 0.08B | -0.84B | -0.01B | 0.19B | 0.58B | 0.41B | 0.52B | 0.45B | 0.46B | 0.58B | 0.77B | 1.19B | 0.41B | 0.71B | 0.62B | 0.89B | 0.94B | 0.68B | ||||||||||||||||||||
| Additional items | ||||||||||||||||||||||||||||||||||||||||
| EPS (Basic) | 0.02 | 0.16 | 0.04 | -0.41 | 0.00 | 0.09 | 0.29 | 0.20 | 0.26 | 0.22 | 0.46 | 0.58 | 0.78 | 1.20 | 0.41 | 0.72 | 0.63 | 0.90 | 0.95 | 0.69 | ||||||||||||||||||||
| EPS (Diluted) | 0.02 | 0.41 | 0.08 | -0.84 | -0.01 | 0.19 | 0.57 | 0.41 | 0.52 | 0.44 | 0.46 | 0.58 | 0.77 | 1.19 | 0.41 | 0.72 | 0.62 | 0.89 | 0.94 | 0.68 | ||||||||||||||||||||
| Shares Outstanding | 0.85B | 2.08B | 2.05B | 2.04B | 2.03B | 2.03B | 2.02B | 2.02B | 2.02B | 2.02B | 1.00B | 1.00B | 0.99B | 0.99B | 0.99B | 0.99B | 0.99B | 0.99B | 0.99B | 0.99B | ||||||||||||||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 0.86B | 0.82B | 0.95B | 1.00B | 1.01B | 0.99B | 1.02B | 1.01B | 1.02B | 1.01B | 1.00B | 1.00B | 1.00B | 1.00B | 1.00B | 0.99B | 0.99B | 0.99B | 1.00B | 1.00B | ||||||||||||||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 1.04B | 2.08B | 2.05B | 2.04B | 2.03B | 2.03B | 2.02B | 2.02B | 2.02B | 2.02B | 1.00B | 0.99B | 0.99B | 0.99B | 0.99B | 0.99B | 0.99B | 0.99B | 0.99B | 0.99B | ||||||||||||||||||||
| EBITDA | 0.38B | 0.57B | 0.28B | -0.03B | 0.27B | 0.66B | 0.44B | 0.51B | 0.71B | 0.65B | 0.65B | 0.83B | 0.93B | 0.67B | 0.77B | 0.90B | 0.95B | 0.99B | 0.78B | 0.86B | ||||||||||||||||||||
| Tax Rate | 92.34% | 51.16% | 57.22% | -27.79% | 106.25% | 45.51% | 23.55% | 32.57% | 30.96% | 13.60% | 27.77% | 29.49% | 23.29% | -50.38% | 27.09% | 26.47% | 24.85% | -67.99% | 26.37% | 23.54% |