Services — Cost of services and sales
Halliburton Services — Cost of services and sales decreased by 1.3% to $3.37B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 2.4%, from $3.29B to $3.37B. Over 4 years (FY 2021 to FY 2025), Services — Cost of services and sales shows an upward trend with a 8.7% 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 and rising operational costs, whereas a decrease relative to revenue indicates improved operational efficiency or better cost management.
Detailed definition
This metric captures the direct costs associated with delivering services and selling products within the specific busin...
Peer comparison
Comparable to 'Cost of Revenue' or 'Direct Operating Expenses' reported by peers in the industrial and energy services industries.
hal_segment_services_cost_of_services_and_salesHistorical 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 | $2.37B | $2.47B | $2.66B | $2.71B | $3.12B | $3.25B | $3.30B | $3.40B | $3.40B | $3.35B | $3.25B | $3.43B | $3.42B | $3.36B | $3.26B | $3.29B | $3.43B | $3.48B | $3.41B | $3.37B |
| QoQ Change | — | +4.1% | +7.7% | +2.0% | +15.2% | +4.1% | +1.4% | +3.1% | +0.1% | -1.6% | -3.0% | +5.5% | -0.3% | -1.6% | -2.9% | +0.7% | +4.4% | +1.5% | -2.1% | -1.3% |
| YoY Change | — | — | — | — | +31.8% | +31.8% | +24.1% | +25.4% | +9.0% | +3.0% | -1.4% | +0.9% | +0.4% | +0.4% | +0.4% | -4.1% | +0.4% | +3.6% | +4.5% | +2.4% |
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Frequently Asked Questions
- What is Halliburton's services — cost of services and sales?
- Halliburton (HAL) reported services — cost of services and sales of $3.37B in Q1 2026.
- How has Halliburton's services — cost of services and sales changed year-over-year?
- Halliburton's services — cost of services and sales increased by 2.4% year-over-year, from $3.29B to $3.37B.
- What is the long-term trend for Halliburton's services — cost of services and sales?
- Over 4 years (2021 to 2025), Halliburton's services — cost of services and sales has grown at a 8.7% compound annual growth rate (CAGR), from $9.75B to $13.61B.
- What does services — cost of services and sales mean?
- The total direct expenses incurred to provide services and sell products within the business segment.