Halliburton (HAL) Q2 FY2026 earnings: revenue $5.7 billion, up 3.7% on the year

Halliburton Co. (HAL) reported revenue of $5.7 billion for Q2 FY2026, the quarter ended 30 June 2026, up 3.7% on the same quarter a year earlier. Net income was $534 million, up 13.1% on the year, and diluted earnings per share $0.64. The figures are the company's own, from the 10-Q it filed with the SEC on 24 July 2026.

Revenue

$5.7 billion

+3.7% on the year · +5.8% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

13.6%

13.2% a year earlier

Q3 FY2024Q2 FY2026

Net income

$534 million

+13.1% on the year · +15.8% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$0.64

+16.4% on the year · +16.4% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue and net income rose sequentially: Revenue was $5.7 billion, up from $5.4 billion in the first quarter. Net income attributable to the company was $534 million, or $0.64 per diluted share, against $461 million, or $0.55, in the first quarter.
Impairment credit lifted reported results: A $95 million pre-tax credit under impairments and other credits is included in reported results. Excluding it, adjusted net income was $461 million, or $0.55 per diluted share, the same as the first quarter.
Operating margin reached 14 percent: Operating income was $778 million, a 14 percent operating margin. Adjusted operating income was $683 million, a 12 percent adjusted margin. First-quarter operating income was $679 million.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	5,714	5,402	5,510	+5.8%	+3.7%
Cost of revenue	4,910	4,619	4,691	+6.3%	+4.7%
Gross profit	804	783	819	+2.7%	-1.8%
Gross margin	14.1%	14.5%	14.9%
Operating income	778	679	727	+14.6%	+7.0%
Operating margin	13.6%	12.6%	13.2%
Interest expense	83.0	82.0	92.0	+1.2%	-9.8%
Pre-tax income	664	569	611	+16.7%	+8.7%
Income tax	126	105	131	+20.0%	-3.8%
Effective tax rate	19.0%	18.5%	21.4%
Net income	534	461	472	+15.8%	+13.1%
Net margin	9.3%	8.5%	8.6%
Diluted EPS	$0.64	$0.55	$0.55	+16.4%	+16.4%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	824	273	896	+201.8%	-8.0%
Capital expenditure	235	192	354	+22.4%	-33.6%
Free cash flow	589	81.0	542	+627.2%	+8.7%
Free cash flow margin	10.3%	1.5%	9.8%
Cash from investing	-383	-243	-256
Cash from financing	-382	-237	-405
Depreciation and amortisation	296	295	284	+0.3%	+4.2%
Buybacks	208	100	257	+108.0%	-19.1%
Dividends paid	143	142	145	+0.7%	-1.4%
Dividend per share	$0.17	$0.17	$0.17	0.0%	0.0%
Diluted shares, weighted	838m	839m	857m	-0.1%	-2.2%
Shares outstanding at period end	833m	835m	853m	-0.3%	-2.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	11,010	10,780	10,505	+2.1%	+4.8%
Non-controlling interest	42.0	45.0	42.0	-6.7%	0.0%
Debt	7,161	7,160	7,544	+0.0%	-5.1%
Operating lease liabilities	751	678	756	+10.8%	-0.7%
Other liabilities	6,864	6,479	6,530	+5.9%	+5.1%
Total liabilities and equity	25,828	25,142	25,377	+2.7%	+1.8%
Fixed assets	5,173	5,182	5,246	-0.2%	-1.4%
Goodwill	3,020	2,992	2,964	+0.9%	+1.9%
Cash and equivalents	2,048	2,003	2,038	+2.2%	+0.5%
Receivables	5,325	5,197	4,970	+2.5%	+7.1%
Inventory	3,056	3,019	3,071	+1.2%	-0.5%
Other assets	7,206	6,749	7,088	+6.8%	+1.7%
Total assets	25,828	25,142	25,377	+2.7%	+1.8%

Questions

What was Halliburton's revenue in Q2 FY2026?

Halliburton (HAL) reported revenue of $5.7 billion for Q2 FY2026, the quarter ended 30 June 2026, up 3.7% on the same quarter a year earlier.

How much did Halliburton earn in Q2 FY2026?

Net income for Q2 FY2026 was $534 million, up 13.1% on the year, and diluted earnings per share $0.64.

When did Halliburton report Q2 FY2026 results?

Halliburton filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 24 July 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023 †	Q2 FY2023 †	Q3 FY2023 †	Q4 FY2023 * †	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	4,277	4,284	5,074	5,357	5,582	5,677	5,798	5,804	5,739	5,804	5,833	5,697	5,610	5,417	5,510	5,600	5,657	5,402	5,714	5,703
Cost of revenue	3,668	3,699	4,289	4,452	4,544	4,646	4,720	4,686	4,606	4,722	4,710	4,627	4,584	4,538	4,691	4,744	4,727	4,619	4,910	4,863
Gross profit	609	585	785	905	1,038	1,031	1,078	1,118	1,133	1,082	1,123	1,070	1,026	879	819	856	930	783	804	840
Gross margin	14%	14%	15%	17%	19%	18%	19%	19%	20%	19%	19%	19%	18%	16%	15%	15%	16%	14%	14%	15%
Operating income	550	511	374	846	976	977	1,011	1,037	1,058	987	1,032	871	932	431	727	356	746	679	778	624
Operating margin	13%	12%	7%	16%	17%	17%	17%	18%	18%	17%	18%	15%	17%	8%	13%	6%	13%	13%	14%	11%
Interest expense	108	107	101	93.0	74.0	101	102	94.0	98.0	92.0	92.0	85.0	84.0	86.0	92.0	88.0	86.0	82.0	83.0	84.0
Pre-tax income	418	332	231	705	842	829	783	916	835	787	920	734	793	306	611	219	635	569	664	513
Tax rate	-98%	20%	49%	22%	21%	21%	21%	21%	20%	23%	22%	21%	23%	34%	21%	91%	7%	18%	19%	18%
Net income	824	263	109	544	656	651	610	716	661	606	709	571	615	204	472	18.0	589	461	534	417
Net margin	19%	6%	2%	10%	12%	11%	11%	12%	12%	10%	12%	10%	11%	4%	9%	0%	10%	9%	9%	7%
Diluted EPS	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	$0.74	$0.68	$0.80	$0.65	$0.70	$0.24	$0.55	$0.02	$0.70	$0.55	$0.64	$0.50
Operating cash flow	682	-50.0	376	753	1,163	122	1,052	874	1,410	487	1,081	841	1,456	377	896	488	1,165	273	824	368
Capital expenditure	316	189	221	251	350	268	303	409	399	330	347	339	426	302	354	261	337	192	235	266
Free cash flow	366	-239	155	502	813	-146	749	465	1,011	157	734	502	1,030	75.0	542	227	828	81.0	589	102
Buybacks	0.0	0.0	0.0	46.0	204	100	248	198	254	250	250	196	309	250	257	250	250	100	208	250
Dividends paid	40.0	108	109	110	108	145	144	144	143	151	151	150	148	147	145	144	143	142	143	141
Shares outstanding	896m	902m	907m	908m	902m	902m	899m	895m	889m	885m	883m	879m	868m	860m	853m	842m	835m	835m	833m	827m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 24 July 2026: the filing.