Equinor ASA (EQNR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 27.82B | 25.26B | 26.02B | 25.13B | 29.38B | 26.54B | 25.42B | 25.46B | 25.09B | 28.84B | 25.92B | 22.87B | 29.21B | 33.84B | 42.73B | 36.39B | 36.05B | 32.13B | 23.11B | 17.38B |
| Revenue Growth % | -5.34% | -4.79% | 2.36% | -1.3% | 17.12% | -8% | -1.96% | 11.33% | -14.11% | -14.77% | -39.32% | -37.15% | -18.97% | 5.34% | 84.87% | 109.37% | 123.52% | 170.53% | 105.43% | 129.79% |
| Cost of Goods Sold | 15.48B | 18.91B | 17.21B | 16.16B | 17.75B | 15.69B | 15.42B | 14.49B | 14.27B | 16.63B | 15.64B | 13.11B | 13.44B | 14.04B | 14.64B | 15.99B | 15.53B | 16.32B | 11.09B | 9.51B |
| COGS % of Revenue | 55.67% | 74.85% | 66.16% | 64.31% | 60.42% | 59.14% | 60.68% | 56.92% | 56.87% | 57.64% | 60.32% | 57.32% | 45.99% | 41.48% | 34.27% | 43.95% | 43.07% | 50.8% | 47.97% | 54.72% |
| Gross Profit | 12.33B | 6.35B | 8.8B | 8.97B | 11.63B | 10.84B | 9.99B | 10.97B | 10.82B | 12.22B | 10.29B | 9.76B | 15.78B | 19.8B | 28.08B | 20.4B | 20.52B | 15.8B | 12.03B | 7.87B |
| Gross Margin % | 44.33% | 25.15% | 33.84% | 35.69% | 39.58% | 40.86% | 39.32% | 43.08% | 43.13% | 42.36% | 39.68% | 42.68% | 54.01% | 58.52% | 65.73% | 56.05% | 56.93% | 49.2% | 52.03% | 45.28% |
| Gross Profit Growth % | 6.02% | -41.4% | -11.92% | -18.23% | 7.48% | -11.25% | -2.84% | 12.39% | -31.4% | -38.31% | -63.37% | -52.15% | -23.13% | 25.3% | 133.55% | 159.19% | 232.9% | 451.85% | 950.22% | 243.47% |
| Operating Expenses | 3.53B | 297.63M | 3.53B | 3.25B | 2.76B | 2.11B | 3.09B | 3.31B | 3.19B | 3.47B | 2.83B | 2.71B | 3.26B | 3.22B | 1.98B | 2.66B | 2.13B | 2.23B | 2.46B | 2.57B |
| OpEx % of Revenue | 12.68% | 1.18% | 13.58% | 12.92% | 9.38% | 7.94% | 12.15% | 13.01% | 12.72% | 12.03% | 10.93% | 11.85% | 11.16% | 9.52% | 4.64% | 7.32% | 5.91% | 6.93% | 10.64% | 14.79% |
| Selling, General & Admin | 309M | 297.63M | 258M | 329M | 323M | 261M | 304M | 348M | 341M | 404M | 295M | 216M | 304M | 278M | 221M | 205M | 282M | 222M | 145M | 195M |
| SG&A % of Revenue | 1.11% | 1.18% | 0.99% | 1.31% | 1.1% | 0.98% | 1.2% | 1.37% | 1.36% | 1.4% | 1.14% | 0.94% | 1.04% | 0.82% | 0.52% | 0.56% | 0.78% | 0.69% | 0.63% | 1.12% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 8.8B | 6.06B | 5.27B | 5.72B | 8.87B | 8.73B | 6.91B | 7.66B | 7.63B | 8.75B | 7.45B | 7.05B | 12.52B | 16.58B | 26.1B | 17.73B | 18.39B | 13.58B | 9.57B | 5.3B |
| Operating Margin % | 31.65% | 23.97% | 20.26% | 22.77% | 30.2% | 32.92% | 27.17% | 30.07% | 30.42% | 30.33% | 28.75% | 30.83% | 42.85% | 49% | 61.1% | 48.73% | 51.02% | 42.27% | 41.4% | 30.49% |
| Operating Income Growth % | -0.8% | -30.68% | -23.68% | -25.27% | 16.29% | -0.15% | -7.35% | 8.58% | -39.03% | -47.25% | -71.45% | -60.24% | -31.94% | 22.13% | 172.84% | 234.71% | 252.34% | 1472.9% | 573.85% | 1222.46% |
| EBITDA | 11.33B | 8.72B | 8.64B | 9.15B | 11.18B | 11.54B | 9.23B | 10B | 10.06B | 11.57B | 10.87B | 9.07B | 14.81B | 17.77B | 27.15B | 19.87B | 20.41B | 18.36B | 11.6B | 7.41B |
| EBITDA Margin % | 40.74% | 34.5% | 33.21% | 36.4% | 38.06% | 43.5% | 36.32% | 39.28% | 40.09% | 40.11% | 41.95% | 39.66% | 50.69% | 52.5% | 63.55% | 54.62% | 56.61% | 57.14% | 50.2% | 42.63% |
| EBITDA Growth % | 1.33% | -24.49% | -6.42% | -8.54% | 11.21% | -0.24% | -15.1% | 10.26% | -32.08% | -34.88% | -59.95% | -54.36% | -27.44% | -3.2% | 134.05% | 168.23% | 154.57% | 637.44% | 317.45% | 261.41% |
| D&A (Non-Cash Add-back) | 2.53B | 2.66B | 3.37B | 3.43B | 2.31B | 2.81B | 2.33B | 2.35B | 2.43B | 2.82B | 3.42B | 2.02B | 2.29B | 1.18B | 1.05B | 2.14B | 2.02B | 4.78B | 2.03B | 2.11B |
| EBIT | 10.18B | 6.06B | 5.03B | 6.11B | 9.22B | 8.06B | 7.64B | 7.92B | 8.41B | 9.17B | 7.88B | 7.79B | 14.17B | 14.47B | 27.49B | 20.08B | 17.49B | 13.43B | 9.34B | 5.21B |
| Net Interest Income | -63M | -123.81M | -101M | -48M | 11M | 286M | 90M | 101M | 144M | 293M | 168M | 200M | 127M | 389M | 10M | -47M | -152M | -262M | -266M | -276M |
| Interest Income | 370M | 274.64M | 265M | 303M | 336M | 286M | 460M | 495M | 560M | 661M | 580M | 618M | 590M | 389M | 346M | 280M | 114M | 37M | 43M | 28M |
| Interest Expense | 433M | 398.45M | 366M | 351M | 325M | 0 | 370M | 394M | 416M | 368M | 412M | 418M | 463M | 0 | 336M | 327M | 266M | 299M | 309M | 304M |
| Other Income/Expense | 941M | -292.64M | -604M | 38M | 19M | -547M | 366M | -126M | 367M | 589M | 13M | 323M | 1.19B | -2.11B | 1.05B | 2.02B | -1.17B | -443M | -536M | -393M |
| Pretax Income | 9.74B | 5.76B | 4.67B | 5.76B | 8.89B | 8.19B | 7.27B | 7.53B | 8B | 9.34B | 7.47B | 7.37B | 13.71B | 14.47B | 27.16B | 19.76B | 17.22B | 13.13B | 9.03B | 4.91B |
| Pretax Margin % | 35.03% | 22.81% | 17.93% | 22.92% | 30.26% | 30.86% | 28.61% | 29.57% | 31.88% | 32.37% | 28.8% | 32.24% | 46.92% | 42.76% | 63.56% | 54.29% | 47.78% | 40.89% | 39.08% | 28.22% |
| Income Tax | 6.64B | 4.45B | 4.87B | 4.44B | 6.26B | 6.19B | 4.99B | 5.66B | 5.33B | 6.73B | 4.96B | 5.54B | 8.74B | 6.57B | 17.79B | 12.99B | 12.51B | 9.77B | 7.62B | 2.96B |
| Effective Tax Rate % | 68.13% | 77.23% | 104.37% | 77.11% | 70.43% | 75.57% | 68.57% | 75.14% | 66.58% | 72.07% | 66.5% | 75.2% | 63.77% | 45.42% | 65.49% | 65.78% | 72.63% | 74.34% | 84.4% | 60.39% |
| Net Income | 3.11B | 1.31B | -210M | 1.31B | 2.63B | 2B | 2.28B | 1.86B | 2.67B | 2.6B | 2.5B | 1.82B | 4.96B | 7.89B | 9.38B | 6.76B | 4.71B | 3.37B | 1.41B | 1.94B |
| Net Margin % | 11.17% | 5.19% | -0.81% | 5.22% | 8.94% | 7.52% | 8.98% | 7.31% | 10.63% | 9.02% | 9.63% | 7.98% | 16.99% | 23.33% | 21.96% | 18.57% | 13.07% | 10.48% | 6.08% | 11.15% |
| Net Income Growth % | 18.23% | -34.3% | -109.2% | -29.45% | -1.54% | -23.32% | -8.61% | 2.03% | -46.23% | -67.03% | -73.39% | -73.01% | 5.35% | 134.41% | 567.43% | 248.66% | 154.46% | 239.12% | 166.1% | 862.99% |
| Net Income (Continuing) | 3.1B | 1.31B | -204M | 1.32B | 2.63B | 2B | 2.29B | 1.87B | 2.67B | 2.61B | 2.5B | 1.83B | 4.97B | 7.9B | 9.37B | 6.76B | 4.71B | 3.37B | 1.41B | 1.94B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 71M | 74M | 67M | 51M | 44M | 38M | 33M | 29M | 14M | 10M | 15M | 11M | 5M | 1M | 8M | 1M | 1M | 14M | 16M | 18M |
| EPS (Diluted) | 1.24 | 0.52 | -0.08 | 0.50 | 0.93 | 0.73 | 0.82 | 0.65 | 0.91 | 0.88 | 0.84 | 0.60 | 1.59 | 2.51 | 2.97 | 2.11 | 1.46 | 1.04 | 0.43 | 0.60 |
| EPS Growth % | 33.33% | -28.77% | -109.76% | -23.08% | 2.2% | -17.05% | -2.38% | 8.33% | -42.77% | -64.94% | -71.72% | -71.56% | 8.9% | 141.35% | 590.7% | 251.67% | 156.14% | 240.54% | 166.15% | 876.2% |
| EPS (Basic) | 1.24 | 0.52 | -0.08 | 0.50 | 0.93 | 0.73 | 0.83 | 0.65 | 0.91 | 0.88 | 0.84 | 0.60 | 1.59 | 2.52 | 2.98 | 2.12 | 1.46 | 1.04 | 0.43 | 0.60 |
| Diluted Shares Outstanding | 2.5B | 2.52B | 2.63B | 2.63B | 2.83B | 2.75B | 2.77B | 2.86B | 2.94B | 2.96B | 2.98B | 3.05B | 3.12B | 3.14B | 3.16B | 3.2B | 3.24B | 3.25B | 3.25B | 3.26B |
| Basic Shares Outstanding | 2.5B | 2.51B | 2.62B | 2.62B | 2.82B | 2.74B | 2.76B | 2.85B | 2.94B | 2.95B | 2.97B | 3.04B | 3.12B | 3.13B | 3.15B | 3.19B | 3.23B | 3.24B | 3.25B | 3.25B |
| Dividend Payout Ratio | 29.62% | 69.83% | - | 79.49% | 72.74% | 95.84% | 85.19% | 111.34% | 99.29% | 186.96% | 104.65% | 149.4% | 57.66% | 8.25% | 13.38% | 19.39% | 12.36% | 16.78% | 34.71% | 20.07% |