NYSE$SLB

SLB Ltd · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

SLB reported Q4 2025 revenue of $9.75B with net income of $824M and GAAP diluted EPS of $0.55.

Fourth-quarter revenue of $9.75 billion increased 5% year over year while net income attributable to SLB was $824 million. GAAP diluted EPS was $0.55 and adjusted EPS was $0.78. Adjusted EBITDA was $2.33 billion and free cash flow was $2.29 billion. The board increased the quarterly dividend 3.5% to $0.295 per share and committed to return more than $4 billion to shareholders in 2026.

  • Q4 revenue $9.75B (+5% YoY); adjusted EBITDA $2.33B.
  • Net income attributable to SLB $824M; GAAP EPS $0.55; adjusted EPS $0.78.
  • Free cash flow $2.29B; dividend raised to $0.295.
  • Full-year revenue $35.71B; 2026 shareholder returns targeted above $4B.

Headline financials

Total Revenue

$9.75B

Previous: $9.28B+5.0%
EPS (adj)

$0.78

Previous: $0.92-15.2%
Adjusted EBITDA

$2.33B

Previous: $2.38B-2.1%
Adjusted EBITDA Margin

23.9%

Previous: 25.7%-7.0%
Pretax Segment Op Margin

18.5%

Previous: 20.7%-10.6%
Cash Flow from Ops

$3.01B

No prior period
Net Income

$824M

Previous: $1.1B-24.7%
Operating Income

$1.81B

Previous: $1.39B+30.3%

Revenue & EPS history

Schlumberger · Revenue · Quarterly

$9.75B

Q4 2025+5%vs Q4 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Schlumberger · $8.46B total across 4 segments · Q3 2023

  • Well Construction
    $3.43B+11.2%
  • Production Systems
    $2.37B+10.1%
  • Reservoir Performance
    $1.68B+15.4%
  • Digital
    $982M+9.1%

Forward guidance

The release discusses SLB's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • SLB cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and shareholder returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.
  • Commodity and activity levels drive earnings volatility.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.7%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.8%

Avg return

30 days after

51%

37 / 73 earnings

Positive

+14.1%

Q3 2022

Best reaction

-8.6%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.3%+1.8%
Q4 2025-0.9%-0.9%+3.1%
Q3 2025-0.9%+6.0%+12.2%
Q2 2025-1.0%-0.6%+6.0%
Q1 2025-1.2%-4.8%-3.6%
Q4 2024+6.4%+1.3%+1.6%
Q3 2024-3.5%-4.2%-1.8%
Q2 2024+1.5%-1.4%-8.1%
Q1 2024-2.8%-3.6%-4.6%
Q4 2023+4.4%+6.4%+0.0%
Q3 2023-1.9%-5.6%-11.9%
Q2 2023-0.4%+0.7%+1.3%
Q1 2023-3.4%-8.1%-12.9%
Q4 2022-2.6%-2.0%-7.0%
Q3 2022+14.1%+14.2%+17.0%
Q2 2022+7.6%+8.0%+10.4%
Q1 2022-4.8%-1.7%+1.2%
Q4 2021-1.2%+7.4%+8.5%
Q3 2021+0.2%-5.1%-12.4%
Q2 2021+5.3%+4.8%-5.4%
Q1 2021+4.4%+8.4%+26.5%
Q4 2020-1.9%-9.8%+8.0%
Q3 2020-8.6%-8.6%+9.6%
Q2 2020+2.0%+0.7%-3.7%
Q1 2020+8.3%+9.2%+13.5%
Q4 2019-4.7%-5.4%-11.2%
Q3 2019+5.3%+10.8%+10.9%
Q2 2019+1.8%+4.0%-15.6%
Q1 2019-3.3%-3.2%-17.7%
Q4 2018+6.3%+4.7%+8.7%
Q3 2018-2.8%-9.3%-17.5%
Q2 2018-1.8%-1.7%-6.1%
Q1 2018-1.9%-1.7%+5.7%
Q4 2017+4.5%+2.4%-13.2%
Q3 2017-4.0%-1.6%-3.9%
Q2 2017-0.9%-0.0%-5.5%
Q1 2017-3.1%-3.1%-6.2%
Q4 2016-3.4%-1.9%-7.5%
Q3 2016-3.6%-3.9%-4.1%
Q2 2016+1.3%+0.0%+3.4%
Q1 2016-1.4%
Q4 2015+6.8%
Q3 2015-0.7%
Q2 2015+0.1%
Q1 2015+0.9%
Q4 2014+3.8%
Q3 2014+5.3%
Q2 2014-3.0%
Q1 2014+0.9%
Q4 2013+2.8%
Q3 2013+2.2%
Q2 2013+6.8%
Q1 2013+0.3%
Q4 2012+6.3%
Q3 2012-2.2%
Q2 2012+1.3%
Q1 2012+0.6%
Q4 2011+2.8%
Q3 2011+11.4%
Q2 2011-2.7%
Q1 2011+0.1%
Q4 2007+0.4%
Q4 2010+0.4%
Q3 2010+0.6%
Q2 2010-0.1%
Q1 2009+4.0%
Q1 2010+2.4%
Q4 2009-0.6%
Q3 2008-0.2%
Q3 2009-0.2%
Q2 2009-2.1%
Q2 2008-2.1%
Q4 2008-2.1%

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