Service — Total Revenue
Baker Hughes Service — Total Revenue decreased by 8.7% to $2.23B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 2.3%, from $2.28B to $2.23B. Over 4 years (FY 2021 to FY 2025), Service — Total Revenue shows an upward trend with a 3.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates higher demand for service-based offerings, improved contract pricing, or successful expansion of the service footprint. A decrease may signal reduced customer activity, pricing pressure, or a shift in the service mix.
Detailed definition
This metric represents the total gross revenue generated from providing specialized oilfield services, technical support...
Peer comparison
Comparable to 'Service Revenue' or 'Aftermarket Services Revenue' reported by other oilfield services and industrial equipment peers.
bkr_segment_sales_of_services_total_revenueHistorical 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 | $2.06B | $2.11B | $2.24B | $2.03B | $2.23B | $2.29B | $2.38B | $2.23B | $2.52B | $2.60B | $2.54B | $2.42B | $2.59B | $2.50B | $2.52B | $2.28B | $2.39B | $2.40B | $2.44B | $2.23B |
| QoQ Change | — | +2.2% | +6.0% | -9.4% | +10.1% | +2.5% | +4.1% | -6.2% | +13.0% | +3.0% | -2.3% | -4.7% | +6.9% | -3.6% | +0.9% | -9.3% | +4.9% | +0.1% | +1.9% | -8.7% |
| YoY Change | — | — | — | — | +8.0% | +8.3% | +6.4% | +10.2% | +13.1% | +13.7% | +6.7% | +8.4% | +2.6% | -3.9% | -0.8% | -5.6% | -7.5% | -3.9% | -3.0% | -2.3% |
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Frequently Asked Questions
- What is Baker Hughes's service — total revenue?
- Baker Hughes (BKR) reported service — total revenue of $2.23B in Q1 2026.
- How has Baker Hughes's service — total revenue changed year-over-year?
- Baker Hughes's service — total revenue decreased by 2.3% year-over-year, from $2.28B to $2.23B.
- What is the long-term trend for Baker Hughes's service — total revenue?
- Over 4 years (2021 to 2025), Baker Hughes's service — total revenue has grown at a 3.6% compound annual growth rate (CAGR), from $8.25B to $9.52B.
- What does service — total revenue mean?
- The total amount of money earned from performing services for customers.