How does SLB (SLB) make money?

SLB (SLB) generates revenue primarily from Production Systems, which accounted for 40.2% of total revenue in TTM through Q1 2026. The company reported $35.94B in revenue and converted 9.2% of it into net profit, equivalent to roughly $3.31B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of SLB (SLB)?

SLB (SLB) reported a gross profit margin of 17.3% in TTM through Q1 2026, equivalent to $6.23B in gross profit on $35.94B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of SLB (SLB)?

SLB (SLB) reported an operating profit margin of 14.4% in TTM through Q1 2026, equivalent to $5.19B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of SLB (SLB)?

SLB (SLB) reported a net profit margin of 9.2% in TTM through Q1 2026, equivalent to $3.31B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is SLB (SLB) profitable?

Yes. SLB (SLB) reported $3.31B in net income for TTM through Q1 2026, with a net profit margin of 9.2%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does SLB (SLB) invest in research and development?

SLB (SLB) invested $701.00M in research and development during TTM through Q1 2026, roughly 2.0% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does SLB (SLB) spend on capital expenditures?

SLB (SLB) spent $1.64B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 4.6% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does SLB (SLB) generate?

SLB (SLB) generated $4.68B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 13.0%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of SLB (SLB)?

SLB (SLB) had an effective tax rate of 18.6% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of SLB (SLB)?

SLB (SLB) reports revenue across 4 reportable product segments, led by Production Systems at 40.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does SLB (SLB) generate most of its revenue?

Middle East is the largest geographic market for SLB (SLB), accounting for 33.2% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How SLB Makes Money: 2026 Visual Revenue Map

SLB (SLB) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 29, 2026).

SLB (SLB) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for SLB (SLB) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Production Systems	$14.44B	40.2%
Well Construction	$12.14B	33.8%
Reservoir Characterization	$6.98B	19.4%
Digital Integration	$2.38B	6.6%
Total	$35.94B	100%

Production Systems$14.44B
Well Construction$12.14B
Reservoir Characterization$6.98B
Digital Integration$2.38B
Total$35.94B

SLB (SLB) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for SLB (SLB), TTM through Q1 2026
Region	Revenue (USD)	% of total
Middle East	$11.91B	33.2%
Europe C I S Africa	$9.59B	26.8%
North America	$7.96B	22.2%
Latin America	$6.18B	17.2%
Other Countries	$209.00M	0.6%
Total	$35.86B	100%

Middle East
Europe C I S Africa
North America
Latin America
Other Countries
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, SLB (SLB) reports revenue across 4 operating segments; the largest segment was Production Systems at 40.2%, followed by Well Construction (33.8%) and Reservoir Characterization (19.4%). Separately, by end-market geography, Middle East accounted for 33.2% of revenue, followed by Europe C I S Africa (26.8%) and North America (22.2%).

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