Tax
Income Tax
Baker Hughes Income Tax increased by 64.7% to $336.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 121.1%, from $152.00M to $336.00M. Over 2 years (FY 2021 to FY 2023), Income Tax shows relatively stable performance with a -4.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
is_income_tax_expenseHistorical Data
18 periods
| 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 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $143.00M | $193.00M | $353.00M | $107.00M | $182.00M | $153.00M | $158.00M | $179.00M | $200.00M | $235.00M | $71.00M | $178.00M | $243.00M | $235.00M | $152.00M | $256.00M | $204.00M | $336.00M |
| QoQ Change | — | +35.0% | +82.9% | -69.7% | +70.1% | -15.9% | +3.3% | +13.3% | +11.7% | +17.5% | -69.8% | +150.7% | +36.5% | -3.3% | -35.3% | +68.4% | -20.3% | +64.7% |
| YoY Change | — | — | — | — | +27.3% | -20.7% | -55.2% | +67.3% | +9.9% | +53.6% | -55.1% | -0.6% | +21.5% | +0.0% | -14.6% | +5.3% | -13.2% | +121.1% |
Range$71.00M – $353.00M
CAGR+22.3%
Avg YoY Growth+10.5%
Median YoY Growth+2.7%
Income Tax at Other Companies
Frequently Asked Questions
- What is Baker Hughes's income tax?
- Baker Hughes (BKR) reported income tax of $336.00M in Q1 2026.
- How has Baker Hughes's income tax changed year-over-year?
- Baker Hughes's income tax increased by 121.1% year-over-year, from $152.00M to $336.00M.
- What is the long-term trend for Baker Hughes's income tax?
- Over 2 years (2021 to 2023), Baker Hughes's income tax has grown at a -4.9% compound annual growth rate (CAGR), from $758.00M to $685.00M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.