XOM Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), XOM reported revenue of $83.2B, gross profit of $20.7B (24.8% gross margin), operating income of $5.3B, and net income of $4.2B (5.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
XOM was profitable; revenue grew 3.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +3.9% | −35.7% | −3.1 pp |
Consensus estimate data is not available for this report.
XOM Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $83.2B | 100% |
| Cost of Revenue | −$62.5B | 75.2% |
| Gross Profit | $20.7B | 24.8% |
| Research & Development | −$126M | 0.2% |
| Selling, General & Administrative | −$2.7B | 3.2% |
| Other Operating Expenses | −$12.6B | 15.1% |
| Operating Income | $5.3B | 6.4% |
| Interest Expense | −$295M | 0.4% |
| Other Income, net | $2.0B | 2.4% |
| Income Tax Expense | −$2.5B | 3.0% |
| Net Income | $4.2B | 5.0% |
Source: XOM filings on SEC EDGAR (period ended 2026-03-31). Data normalized by EarningsFyi.