United States was Helmerich & Payne’s largest region in fiscal 2025, bringing in $2.48B of $3.75B (66%).
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $1.92B | $2.66B | $2.56B | $2.48B | |||||||||||||
| Us | — | — | — | — | |||||||||||||
| Saudi Arabia | — | — | — | $261.75M | |||||||||||||
| Norway | — | — | — | $220.26M | |||||||||||||
| Oman | — | — | — | $179.57M | |||||||||||||
| Azerbaijan | — | — | — | $129.01M | |||||||||||||
| Argentina | $91.39M | $137.42M | $142.45M | $155.73M | |||||||||||||
| Ar | — | — | — | — | |||||||||||||
| Other Foreign | $2.85M | $16.26M | $28.10M | $163.02M | |||||||||||||
| Germany | — | — | — | $57.56M | |||||||||||||
| Colombia | — | $46.72M | $9.25M | $36.06M | |||||||||||||
| Columbia | $22.00M | — | — | — | |||||||||||||
| Co | — | — | — | — | |||||||||||||
| Ecuador | — | — | — | — | |||||||||||||
| Ec | — | — | — | — | |||||||||||||
| Kuwait | — | — | — | $30.65M | |||||||||||||
| Bahrain | $16.99M | $15.40M | $17.99M | $30.82M | |||||||||||||
| United Arab Emirates | $5.70M | — | — | — | |||||||||||||
| Total | $2.06B | $2.87B | $2.76B | $3.75B |
Helmerich & Payne brought in $3.75B from its 11 regions in fiscal 2025, the year ended September 30, 2025. Helmerich & Payne regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $2.76B. United States was the largest at $2.48B (66.2%), ahead of Saudi Arabia at $261.75M (7.0%) and Norway at $220.26M (5.9%). The other eight regions brought in $782.41M combined.
Compared with fiscal 2024, Other Foreign grew fastest, up 480.2% to $163.02M, while United States fell the most, down 3.0% to $2.48B.
Helmerich & Payne began breaking out Saudi Arabia in fiscal 2025, Norway in fiscal 2025, Oman in fiscal 2025 and Azerbaijan in fiscal 2025. Helmerich & Payne stopped reporting Columbia ($22.00M in fiscal 2022) and United Arab Emirates ($5.70M in fiscal 2022) as separate regions.
North America Solutions was Helmerich & Payne’s largest segment in fiscal 2024, bringing in $2.45B of $2.76B (89%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Usland | — | — | — | — | ||||||||||||
| North America Solutions | $1.03B | $1.79B | $2.52B | $2.45B | ||||||||||||
| U.S. Land | — | — | — | — | ||||||||||||
| International Land | — | — | — | — | ||||||||||||
| International Solutions | $57.92M | $136.07M | $212.57M | $193.98M | ||||||||||||
| Offshore | — | — | — | — | ||||||||||||
| Offshore Solutions | — | — | $130.24M | $106.21M | ||||||||||||
| Offshore Gulf Of Mexico | $126.40M | $125.47M | — | — | ||||||||||||
| Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment | — | — | $77.30M | $71.63M | ||||||||||||
| Other | $43.30M | $66.29M | — | — | ||||||||||||
| All Other Segments | — | — | — | — | ||||||||||||
| Hp Technologies | — | — | — | — | ||||||||||||
| Eliminations | — | — | — | — | ||||||||||||
| Intersegment | -$35.42M | -$57.05M | — | — | ||||||||||||
| Inter-Segment | — | — | — | — | ||||||||||||
| Intersegment Elimination | — | — | — | — | ||||||||||||
| Eliminations & Reconciling Items | — | — | -$67.43M | -$61.15M | ||||||||||||
| Total | $1.22B | $2.06B | $2.87B | $2.76B |
Helmerich & Payne brought in $2.76B from its five segments in fiscal 2024, the year ended September 30, 2024. That was down 4.0% from $2.87B in fiscal 2023. North America Solutions was the largest at $2.45B (88.7%), ahead of International Solutions at $193.98M (7.0%) and Offshore Solutions at $106.21M (3.9%). The remaining segment, Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment, brought in $71.63M.
Compared with fiscal 2023, every segment above 2% of revenue shrank. North America Solutions held up best, down 2.9% to $2.45B, and Offshore Solutions fell the most, down 18.5% to $106.21M.
Helmerich & Payne began breaking out Offshore Solutions in fiscal 2023, Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment in fiscal 2023 and Eliminations & Reconciling Items in fiscal 2023. Helmerich & Payne stopped reporting Offshore Gulf Of Mexico ($125.47M in fiscal 2022) and Other ($66.29M in fiscal 2022) as separate segments. The total is net of Eliminations & Reconciling Items, which took $61.15M off revenue in fiscal 2024.
Issuer Subsidiary was Helmerich & Payne’s largest revenue line in fiscal 2018, bringing in $2.21B of $2.49B (89%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|
| Issuer Subsidiary | $2.74B | $1.37B | $1.58B | $2.21B |
| Non-Guarantor Subsidiaries | $425.91M | $250.79M | $229.02M | $276.66M |
| Total | $3.16B | $1.62B | $1.80B | $2.49B |
Helmerich & Payne brought in $2.49B from its two revenue lines in fiscal 2018, the year ended September 30, 2018. That was up 37.8% from $1.80B in fiscal 2017. Issuer Subsidiary was the largest at $2.21B (88.9%), ahead of Non-Guarantor Subsidiaries at $276.66M (11.1%).
Compared with fiscal 2017, Issuer Subsidiary grew 40.3% to $2.21B and Non-Guarantor Subsidiaries grew 20.8% to $276.66M. From fiscal 2015 to 2018, combined revenue from these revenue lines fell from $3.16B to $2.49B, a compound annual decline of 7.7%. Issuer Subsidiary's share of the total rose from 86.5% to 88.9%.
Helmerich & Payne (HP) reports its revenue by geography, by segment and by consolidated entities. In fiscal 2025, United States was its largest region, bringing in $2.48B (66.2% of the total), followed by Saudi Arabia at $261.75M (7.0%).
United States was Helmerich & Payne's largest region in fiscal 2025, bringing in $2.48B, or 66.2% of the $3.75B total across its 11 regions.
North America Solutions was Helmerich & Payne's largest segment in fiscal 2024, bringing in $2.45B, or 88.7% of the $2.76B total across its five segments.
Issuer Subsidiary was Helmerich & Payne's largest revenue line in fiscal 2018, bringing in $2.21B, or 88.9% of the $2.49B total across its two revenue lines.
Issuer Subsidiary grew faster than Non-Guarantor Subsidiaries in fiscal 2018, up 40.3% from $1.58B to $2.21B. Non-Guarantor Subsidiaries grew 20.8% to $276.66M.
Every figure comes from Helmerich & Payne's annual financial filings, as reported. Each line keeps the name Helmerich & Payne gives it, and years follow its fiscal calendar.
Helmerich & Payne's revenue by geography goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.