Service — Costs
Baker Hughes Service — Costs decreased by 6.6% to $1.65B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 1.8%, from $1.62B to $1.65B. Over 4 years (FY 2021 to FY 2025), Service — Costs shows an upward trend with a 3.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue suggests margin compression or operational inefficiencies, while a decrease relative to revenue suggests improved cost management or operational leverage.
Detailed definition
This metric captures the direct and allocated costs associated with delivering the company's service-based offerings, in...
Peer comparison
Comparable to 'Cost of Services' or 'Service Cost of Goods Sold' found in the income statements of diversified industrial and energy service companies.
bkr_segment_sales_of_services_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.49B | $1.52B | $1.59B | $1.50B | $1.58B | $1.61B | $1.62B | $1.59B | $1.75B | $1.83B | $1.78B | $1.74B | $1.87B | $1.79B | $1.80B | $1.62B | $1.69B | $1.72B | $1.77B | $1.65B |
| QoQ Change | — | +2.0% | +4.5% | -5.8% | +5.5% | +1.5% | +1.1% | -2.4% | +10.3% | +4.7% | -2.7% | -2.4% | +7.5% | -4.5% | +1.1% | -10.0% | +4.3% | +1.4% | +3.1% | -6.6% |
| YoY Change | — | — | — | — | +6.0% | +5.5% | +2.1% | +5.7% | +10.6% | +14.0% | +9.7% | +9.7% | +6.9% | -2.5% | +1.3% | -6.7% | -9.4% | -3.9% | -1.9% | +1.8% |
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Frequently Asked Questions
- What is Baker Hughes's service — costs?
- Baker Hughes (BKR) reported service — costs of $1.65B in Q1 2026.
- How has Baker Hughes's service — costs changed year-over-year?
- Baker Hughes's service — costs increased by 1.8% year-over-year, from $1.62B to $1.65B.
- What is the long-term trend for Baker Hughes's service — costs?
- Over 4 years (2021 to 2025), Baker Hughes's service — costs has grown at a 3.2% compound annual growth rate (CAGR), from $6.00B to $6.80B.
- What does service — costs mean?
- The total expenses incurred to provide services to customers.