ExxonMobil Holdings (XOM) Q2 FY2026 earnings: revenue $116.0 billion, up 42.3% on the year

ExxonMobil Holdings Corp. (XOM) reported revenue of $116.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 42.3% on the same quarter a year earlier. Net income was $14.5 billion, up 105.1% on the year, and diluted earnings per share $3.48. The figures are the company's own, from the 10-Q it filed with the SEC on 3 August 2026.

Revenue

$116.0 billion

+42.3% on the year · +36.3% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

16.7%

13.1% a year earlier

Q3 FY2024Q2 FY2026

Net income

$14.5 billion

+105.1% on the year · +247.2% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$3.48

+112.2% on the year · +248.0% on the quarter

Q3 FY2024Q2 FY2026

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

What management said

Guidance figures: 1 kept.

Second-quarter earnings rose to $14.5 billion: Earnings were $14.5 billion, or $3.48 per diluted share, against $4.2 billion, or $1.00, in the first quarter. Adjusted earnings were $14.7 billion, or $3.52 per share.
Operating cash flow and free cash flow: Operating cash flow was $23.6 billion and free cash flow $17.2 billion, against $8.7 billion and $2.7 billion in the first quarter.
Upstream output at a multi-decade high: Upstream production was the highest in more than two decades when Middle East volumes are excluded. Total production was 4,514 koebd in the second quarter, against 4,594 in the first.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	116,017	85,138	81,506	+36.3%	+42.3%
Selling, general and administrative	2,483	2,684	2,528	-7.5%	-1.8%
Operating income	19,424	6,967	10,705	+178.8%	+81.4%
Operating margin	16.7%	8.2%	13.1%
Interest expense	227	295	145	-23.1%	+56.6%
Pre-tax income	19,424	6,967	10,705	+178.8%	+81.4%
Income tax	4,543	2,495	3,351	+82.1%	+35.6%
Effective tax rate	23.4%	35.8%	31.3%
Net income	14,525	4,183	7,082	+247.2%	+105.1%
Net margin	12.5%	4.9%	8.7%
Diluted EPS	$3.48	$1.00	$1.64	+248.0%	+112.2%

$ 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	23,555	8,705	11,550	+170.6%	+103.9%
Capital expenditure	6,527	6,470	6,283	+0.9%	+3.9%
Free cash flow	17,028	2,235	5,267	+661.9%	+223.3%
Free cash flow margin	14.7%	2.6%	6.5%
Cash from investing	-6,319	-6,006	-6,180
Cash from financing	-14,965	-4,900	-8,685
Depreciation and amortisation	8,689	6,771	6,101	+28.3%	+42.4%
Buybacks	5,139	4,868	4,964	+5.6%	+3.5%
Dividends paid	4,299	4,334	4,288	-0.8%	+0.3%
Dividend per share	$1.03	$1.03	$0.99	0.0%	+4.0%
Diluted shares, weighted	4,174m	4,202m	4,331m	-0.7%	-3.6%
Shares outstanding at period end	4,112m	4,145m	4,263m	-0.8%	-3.5%

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	259,380	254,381	262,593	+2.0%	-1.2%
Non-controlling interest	6,731	6,615	7,369	+1.8%	-8.7%
Debt	42,368	47,661	38,989	-11.1%	+8.7%
Other liabilities	156,003	155,753	138,646	+0.2%	+12.5%
Total liabilities and equity	464,482	464,410	447,597	+0.0%	+3.8%
Fixed assets	296,298	298,781	295,356	-0.8%	+0.3%
Cash and equivalents	10,588	8,435	14,352	+25.5%	-26.2%
Receivables	60,558	61,783	41,792	-2.0%	+44.9%
Other assets	97,038	95,411	96,097	+1.7%	+1.0%
Total assets	464,482	464,410	447,597	+0.0%	+3.8%

Questions

What was ExxonMobil Holdings' revenue in Q2 FY2026?

ExxonMobil Holdings (XOM) reported revenue of $116.0 billion for Q2 FY2026, the quarter ended 30 June 2026, up 42.3% on the same quarter a year earlier.

How much did ExxonMobil Holdings earn in Q2 FY2026?

Net income for Q2 FY2026 was $14.5 billion, up 105.1% on the year, and diluted earnings per share $3.48.

When did ExxonMobil Holdings report Q2 FY2026 results?

ExxonMobil Holdings filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 3 August 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	84,965	90,500	115,681	112,070	95,429	86,564	82,914	90,760	84,344	83,083	93,060	90,016	83,426	83,130	81,506	85,294	82,308	85,138	116,017	113,164
SG&A	2,514	2,409	2,530	2,324	2,832	2,390	2,449	2,489	2,591	2,495	2,568	2,296	2,617	2,540	2,528	3,032	3,028	2,684	2,483	2,677
Operating income	11,729	8,556	24,933	25,422	18,842	16,803	11,656	13,699	10,625	12,369	13,665	13,026	9,813	11,600	10,705	10,932	8,031	6,967	19,424	21,236
Operating margin	14%	9%	22%	23%	20%	19%	14%	15%	13%	15%	15%	14%	12%	14%	13%	13%	10%	8%	17%	19%
Interest expense	221	188	194	209	207	159	249	169	272	221	271	207	297	205	145	90.0	163	295	227	183
Pre-tax income	11,729	8,556	24,933	25,422	18,842	16,803	11,656	13,699	10,625	12,369	13,665	13,026	9,813	11,600	10,705	10,932	8,031	6,967	19,424	21,236
Tax rate	23%	33%	26%	21%	31%	30%	30%	32%	25%	31%	30%	31%	19%	31%	31%	29%	18%	36%	23%	25%
Net income	8,870	5,480	17,850	19,660	12,750	11,430	7,880	9,070	7,630	8,220	9,240	8,610	7,610	7,713	7,082	7,548	6,501	4,183	14,525	15,413
Net margin	10%	6%	15%	18%	13%	13%	10%	10%	9%	10%	10%	10%	9%	9%	9%	9%	8%	5%	13%	14%
Diluted EPS	$2.08	$1.28	$4.21	$4.68	$3.09	$2.79	$1.94	$2.25	$1.91	$2.06	$2.14	$1.92	$1.72	$1.76	$1.64	$1.76	$1.54	$1.00	$3.48	$3.72
Operating cash flow	17,124	14,788	19,963	24,425	17,621	16,341	9,383	15,963	13,682	14,664	10,560	17,569	12,229	12,953	11,550	14,788	12,679	8,705	23,555	25,650
Capital expenditure	4,089	3,911	3,837	4,876	5,783	5,412	5,359	4,920	6,228	5,074	6,235	6,160	6,837	5,898	6,283	8,727	7,450	6,470	6,527	7,178
Free cash flow	13,035	10,877	16,126	19,549	11,838	10,929	4,024	11,043	7,454	9,590	4,325	11,409	5,392	7,055	5,267	6,061	5,229	2,235	17,028	18,472
Buybacks	154	2,067	3,919	4,494	4,675	4,340	4,340	4,412	4,656	3,011	5,326	5,512	5,780	4,804	4,964	5,126	5,379	4,868	5,139	5,103
Dividends paid	3,763	3,760	3,727	3,685	3,767	3,738	3,701	3,663	3,839	3,808	4,285	4,240	4,371	4,335	4,288	4,242	4,366	4,334	4,299	4,264
Shares outstanding	4,239m	4,213m	4,168m	4,118m	4,082m	4,043m	4,003m	3,963m	3,971m	3,943m	4,443m	4,395m	4,353m	4,310m	4,263m	4,217m	4,179m	4,145m	4,112m	4,079m
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. 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 3 August 2026: the filing.