Petróleo Brasileiro S.A. - Petrobras (PBR) 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 | 23.53B | 25.22B | 23.48B | 21.04B | 21.07B | 20.82B | 23.37B | 23.47B | 23.77B | 27.11B | 25.55B | 23.77B | 27.44B | 30.17B | 32.41B | 34.7B | 27.19B | 24.03B | 23.25B | 20.98B |
| Revenue Growth % | 11.66% | 21.16% | 0.47% | -10.36% | -11.34% | -23.21% | -8.56% | -1.29% | -13.38% | -10.16% | -21.16% | -31.49% | 0.93% | 25.55% | 39.37% | 65.39% | 77.58% | 29.12% | 76.87% | 121.31% |
| Cost of Goods Sold | 12.93B | 13.58B | 12.26B | 11.03B | 10.69B | 10.83B | 11.36B | 11.74B | 11.51B | 12.45B | 11.98B | 11.73B | 12.98B | 15.59B | 15.88B | 15.24B | 12.78B | 13.45B | 11.86B | 10.16B |
| COGS % of Revenue | 54.96% | 53.86% | 52.22% | 52.41% | 50.7% | 52.04% | 48.62% | 50.03% | 48.43% | 45.94% | 46.89% | 49.33% | 47.28% | 51.68% | 48.98% | 43.92% | 47% | 55.98% | 51.01% | 48.41% |
| Gross Profit | 10.6B | 11.64B | 11.22B | 10.01B | 10.39B | 9.98B | 12.01B | 11.73B | 12.26B | 14.65B | 13.57B | 12.05B | 14.47B | 14.58B | 16.54B | 19.46B | 14.41B | 10.58B | 11.39B | 10.82B |
| Gross Margin % | 45.04% | 46.14% | 47.78% | 47.59% | 49.3% | 47.96% | 51.38% | 49.97% | 51.57% | 54.06% | 53.11% | 50.67% | 52.72% | 48.32% | 51.02% | 56.08% | 53% | 44.02% | 48.99% | 51.59% |
| Gross Profit Growth % | 2.03% | 16.57% | -6.56% | -14.62% | -15.25% | -31.88% | -11.53% | -2.65% | -15.27% | 0.51% | -17.94% | -38.11% | 0.39% | 37.81% | 45.15% | 79.81% | 84.19% | 36.13% | 81.4% | 216.77% |
| Operating Expenses | 3.23B | 6.4B | 3.48B | 4.54B | 3.02B | 8.71B | 3.19B | 5.41B | 3.27B | 5.55B | 3.59B | 2.01B | 1.9B | 1.89B | 2.37B | 849.99M | 2.36B | 994M | -1B | 1.93B |
| OpEx % of Revenue | 13.74% | 25.37% | 14.84% | 21.58% | 14.33% | 41.83% | 13.67% | 23.04% | 13.77% | 20.47% | 14.05% | 8.46% | 6.94% | 6.25% | 7.3% | 2.45% | 8.69% | 4.14% | -4.3% | 9.19% |
| Selling, General & Admin | 1.73B | 7.28B | 2.33B | 2.36B | 1.94B | 1.71B | 2.05B | 3.01B | 2.13B | 3.12B | 2.04B | 1.64B | 1.62B | 1.87B | 1.61B | 1.58B | 1.48B | 1.27B | 2.08B | 1.41B |
| SG&A % of Revenue | 7.37% | 28.87% | 9.92% | 11.23% | 9.18% | 8.22% | 8.79% | 12.82% | 8.94% | 11.51% | 7.97% | 6.91% | 5.9% | 6.18% | 4.97% | 4.54% | 5.46% | 5.3% | 8.96% | 6.71% |
| Research & Development | 250.37M | 250.59M | 233M | 193M | 206.61M | 218M | 195M | 193M | 183M | 214M | 186M | 177.51M | 157.86M | 179M | 187M | 220M | 206M | 148M | 151M | 147M |
| R&D % of Revenue | 1.06% | 0.99% | 0.99% | 0.92% | 0.98% | 1.05% | 0.83% | 0.82% | 0.77% | 0.79% | 0.73% | 0.75% | 0.58% | 0.59% | 0.58% | 0.63% | 0.76% | 0.62% | 0.65% | 0.7% |
| Other Operating Expenses | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K |
| Operating Income | 7.37B | 5.24B | 7.73B | 5.47B | 7.37B | 1.28B | 8.81B | 6.32B | 8.98B | 9.1B | 9.98B | 10.03B | 12.56B | 12.69B | 14.17B | 18.61B | 12.05B | 9.59B | 12.39B | 8.89B |
| Operating Margin % | 31.3% | 20.78% | 32.93% | 26.01% | 34.97% | 6.13% | 37.7% | 26.94% | 37.8% | 33.59% | 39.06% | 42.21% | 45.78% | 42.07% | 43.72% | 53.64% | 44.3% | 39.89% | 53.29% | 42.39% |
| Operating Income Growth % | -0.04% | 310.65% | -12.24% | -13.43% | -17.98% | -85.98% | -11.72% | -37.01% | -28.48% | -28.28% | -29.57% | -46.09% | 4.28% | 32.44% | 14.35% | 109.25% | 87.06% | 52.71% | 251.15% | 344.53% |
| EBITDA | 11.33B | 9.59B | 11.84B | 9.17B | 10.62B | 4.27B | 11.79B | 9.46B | 12.35B | 12.74B | 13.46B | 11.99B | 14.35B | 16.02B | 17.44B | 22.07B | 15.22B | 12.49B | 15.5B | 11.72B |
| EBITDA Margin % | 48.13% | 38.01% | 50.45% | 43.59% | 50.38% | 20.52% | 50.47% | 40.31% | 51.94% | 46.98% | 52.66% | 50.45% | 52.3% | 53.08% | 53.8% | 63.61% | 55.96% | 51.99% | 66.65% | 55.84% |
| EBITDA Growth % | 6.68% | 124.4% | 0.42% | -3.07% | -14.01% | -66.46% | -12.35% | -21.13% | -13.98% | -20.47% | -22.84% | -45.67% | -5.67% | 28.18% | 12.5% | 88.38% | 62.77% | 64.81% | 142.11% | 144.41% |
| D&A (Non-Cash Add-back) | 3.96B | 4.35B | 4.11B | 3.7B | 3.25B | 3B | 2.98B | 3.14B | 3.36B | 3.63B | 3.48B | 1.96B | 1.79B | 3.32B | 3.27B | 3.46B | 3.17B | 2.91B | 3.11B | 2.82B |
| EBIT | 7.37B | 748.8M | 9.36B | 7.44B | 10.06B | -2.6B | 9.04B | 599M | 7.95B | 9.18B | 8.78B | 9.16B | 11.66B | 12.13B | 13.46B | 17.3B | 13.93B | 8.77B | 8.97B | 13.74B |
| Net Interest Income | -426.54M | 1.7B | -466.91M | -510.51M | -440.84M | -532.05M | -275.53M | -2.36B | -368.17M | -389.63M | -490.53M | -224.01M | -299.69M | -581.62M | -314.93M | -363.47M | -441.79M | -552.76M | -648.55M | -966.3M |
| Interest Income | 218.6M | -356.46M | 316.23M | 225.17M | 223.16M | 331.63M | 363.35M | 380.01M | 432.19M | 445.32M | 454.28M | 424.38M | 333.59M | 286.72M | 339.9M | 369.56M | 161.49M | 140.52M | 99.23M | 45.75M |
| Interest Expense | 645.13M | -2.05B | 783.13M | 735.68M | 664M | 863.68M | 638.89M | 2.74B | 800.36M | 834.95M | 944.8M | 648.39M | 633.27M | 868.34M | 654.83M | 733.04M | 603.28M | 693.27M | 747.78M | 1.01B |
| Other Income/Expense | 1.98B | -1.55B | 551M | 939M | 1.74B | -4.83B | -714M | -6.67B | -2.03B | -856M | -2.23B | -1.33B | -1.31B | -1.41B | -1.49B | -2.26B | 1.17B | -1.64B | -4.57B | 3.04B |
| Pretax Income | 9.35B | 3.69B | 8.28B | 6.41B | 9.11B | -3.55B | 8.1B | -352M | 6.95B | 8.25B | 7.75B | 8.71B | 11.25B | 11.28B | 12.68B | 16.35B | 13.21B | 7.95B | 7.82B | 11.94B |
| Pretax Margin % | 39.73% | 14.61% | 35.28% | 30.47% | 43.21% | -17.07% | 34.65% | -1.5% | 29.25% | 30.43% | 30.32% | 36.63% | 40.98% | 37.4% | 39.12% | 47.11% | 48.6% | 33.06% | 33.63% | 56.91% |
| Income Tax | 3.12B | 304.24M | 2.23B | 1.65B | 3.11B | -788M | 2.21B | -27M | 2.15B | 1.97B | 2.26B | 2.67B | 3.69B | 3.01B | 3.89B | 5.31B | 4.57B | 2.27B | 1.87B | 3.78B |
| Effective Tax Rate % | 33.33% | 8.25% | 26.92% | 25.8% | 34.16% | 22.17% | 27.24% | 7.67% | 30.88% | 23.84% | 29.21% | 30.61% | 32.79% | 26.65% | 30.67% | 32.47% | 34.55% | 28.56% | 23.87% | 31.69% |
| Net Income | 6.21B | 3.36B | 6.03B | 4.73B | 5.97B | -2.78B | 5.87B | -344M | 4.78B | 6.26B | 5.46B | 6.01B | 7.53B | 8.24B | 8.76B | 11.01B | 8.61B | 5.64B | 5.94B | 8.12B |
| Net Margin % | 26.41% | 13.34% | 25.67% | 22.5% | 28.35% | -13.36% | 25.12% | -1.47% | 20.12% | 23.09% | 21.35% | 25.28% | 27.44% | 27.33% | 27.04% | 31.73% | 31.65% | 23.45% | 25.53% | 38.7% |
| Net Income Growth % | 4.02% | 221.02% | 2.67% | 1476.16% | 24.93% | -144.42% | 7.59% | -105.72% | -36.49% | -24.09% | -37.74% | -45.41% | -12.5% | 46.29% | 47.57% | 35.57% | 4050.16% | -51.13% | 2616.1% | 2047.48% |
| Net Income (Continuing) | 6.23B | 3.38B | 6.05B | 4.76B | 6B | -2.77B | 5.89B | -325M | 4.8B | 6.28B | 5.48B | 6.04B | 7.56B | 8.28B | 8.79B | 11.04B | 8.65B | 5.68B | 5.95B | 8.16B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 226.54M | 328.7M | 381M | 470M | 307M | 244M | 257M | 463M | 459M | 392M | 297M | 332M | 260M | 344M | 297M | 439M | 606M | 405M | 1.22B | 1.27B |
| EPS (Diluted) | 0.96 | 0.52 | 0.94 | 0.72 | 0.92 | -0.46 | 0.92 | -0.07 | 0.74 | 0.00 | 0.17 | 0.89 | 0.22 | 0.24 | 0.24 | 1.60 | 1.44 | 0.87 | 0.17 | 0.24 |
| EPS Growth % | 4.35% | 213.04% | 2.17% | 1097.23% | 24.32% | - | 441.18% | -108.11% | 236.36% | -100% | -29.17% | -44.38% | -84.72% | -72.41% | 41.18% | 566.67% | - | -50.57% | - | 2242.86% |
| EPS (Basic) | 0.96 | 0.52 | 0.94 | 0.72 | 0.92 | -0.46 | 0.92 | -0.06 | 0.74 | 0.00 | 0.17 | 0.19 | 0.22 | 0.24 | 0.24 | 0.32 | 0.28 | 0.00 | 0.17 | 0.24 |
| Diluted Shares Outstanding | 6.44B | 6.44B | 6.44B | 6.44B | 6.44B | 6.44B | 6.45B | 6.45B | 6.46B | 6.48B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B |
| Basic Shares Outstanding | 6.44B | 6.44B | 6.44B | 6.44B | 6.44B | 6.44B | 6.45B | 6.45B | 6.46B | 6.48B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B | 6.52B |
| Dividend Payout Ratio | 35.63% | 48.52% | 33.68% | 36.04% | 48.24% | - | 39.06% | - | 72.25% | 70.87% | 88.65% | 103.23% | 55.68% | 48.88% | 242.41% | 112.89% | - | 128.64% | 67.03% | 22.76% |