Q4 25 EPS
$0.78
BEAT +5.41%
Est. $0.74
Q4 25 Revenue
$9.75B
vs S&P Since Q4 25
+10.6%
BEATING MARKET
SLB +15.2% vs S&P +4.6%
Full Year 2025 Results
FY 25 EPS
$2.93
BEAT +1.22%
Est. $2.89
FY 25 Revenue
$35.71B
BEAT +0.09%
Est. $35.68B
Market Reaction
Did SLB Beat Earnings? Q4 2025 Results
SLB closed out 2025 on a stronger note than Wall Street had anticipated, posting Q4 adjusted EPS of $0.78 against a consensus estimate of $0.74, a 5.41% beat, while revenue of $9.74 billion edged past the $9.71 billion forecast and grew 5.0% year-on-… Read more SLB closed out 2025 on a stronger note than Wall Street had anticipated, posting Q4 adjusted EPS of $0.78 against a consensus estimate of $0.74, a 5.41% beat, while revenue of $9.74 billion edged past the $9.71 billion forecast and grew 5.0% year-on-year. The headline driver was the full-quarter contribution from ChampionX, acquired in Q3, which added $879 million in Q4 revenue and helped lift Production Systems to become the quarter's core growth engine. It was also the first time since Q2 2024 that revenue increased across all four of SLB's operating geographies, signaling a broader recovery after a year marked by headwinds in Saudi Arabia, Mexico, and Sub-Saharan Africa. The Digital division added its own milestone, with annualized recurring revenue crossing $1 billion for the first time. Management expects those regional pressures to ease through 2026, with Middle East rig activity projected to rise and emerging market opportunities adding further upside optionality. The board backed that confidence with a 3.5% dividend increase and a commitment to return more than $4 billion to shareholders in 2026.
Key Takeaways
- • Full quarter contribution from ChampionX acquisition adding $879 million of Q4 revenue
- • Strong year-end product and digital sales in Latin America, Middle East & Asia, Sub-Saharan Africa and offshore North America
- • Production Systems revenue grew 30% year-on-year driven by ChampionX and subsea production systems
- • Digital revenue grew 17% year-on-year with ARR exceeding $1 billion
- • Data Center Solutions revenue grew 121% year-on-year for full year 2025
- • Higher offshore activity in North America and Europe & Africa
SLB YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
SLB Revenue by Segment
With YoY comparisons, source: SEC Filings
SLB Revenue by Geography
With YoY comparisons, source: SEC Filings
“SLB concluded the year with very strong fourth-quarter results driven by Production Systems, Digital and Reservoir Performance.”
— Olivier Le Peuch, Q4 2025 Earnings Press Release
SLB Earnings Trends
SLB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SLB EPS Trend
Earnings per share: estimate vs actual
SLB Revenue Trend
Quarterly revenue: estimate vs actual
SLB Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.52 | — | $8.72B | +0.74% |
| Q4 25 BEAT FY | $0.74 | $0.78 | +5.41% | $9.75B | — |
| FY Full Year | $2.89 | $2.93 | +1.22% | $35.71B | +0.09% |
| Q3 25 BEAT | $0.67 | $0.69 | +3.68% | $8.93B | +0.08% |
| Q2 25 MISS | $0.75 | $0.74 | -1.33% | $8.55B | +0.44% |
| Q1 25 MISS | $0.73 | $0.72 | -1.22% | $8.49B | -1.19% |