Petróleo Brasileiro S.A. - Petrobras (PBR.A) Financial Statements & Analysis

Petróleo Brasileiro S.A. - Petrobras (PBR.A) Income Statement

Petróleo Brasileiro S.A. - Petrobras reported revenue of $89.06B in fiscal 2025 (fiscal year ended Dec 31, 2025), down 81.9% from $490.83B a year earlier. Net income was $19.71B, up 161.9% year over year, a net margin of 22.1%. Gross margin was 43.7% and operating margin 31.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $33.61B, up 59.8% from the same quarter a year earlier.

Petróleo Brasileiro S.A. - Petrobras Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Petróleo Brasileiro S.A. - Petrobras income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	89.06	490.83	511.99	641.26	83.97	53.68	76.59	84.64	77.88
Cost of Revenue	50.10	244.37	242.06	307.16	43.16	29.20	45.73	52.18	51.20
Gross Profit	38.96	45.97	53.97	64.99	40.80	24.49	30.86	32.45	26.69
Operating Expenses
Research & Development	0.86	4.28	3.62	4.09	0.56	0.36	0.58	0.64	0.57
Selling, General & Administrative	11.72	36.07	33.12	32.33	6.78	4.52	7.86	5.70	8.99
Operating Expenses	11.32	19.10	15.94	7.87	9.80	4.44	9.94	9.68	16.98
Operating Income	27.64	26.88	38.03	57.11	31.00	20.05	20.92	22.77	9.71
Other Income/Expense
Interest Income	0.41	8.07	8.26	5.96	2.82	0.28	0.56	0.56	0.60
Interest Expense	0.13	-3.08	-4.88	-13.79	4.98	4.21	5.42	4.35	5.41
Other Income/Expense	-0.69	-15.73	-2.64	-3.59	1.87	-20.28	-8.92	-11.95	-8.20
Income
Income Before Tax	26.96	54.73	177.48	275.00	28.23	-0.23	12.00	10.83	1.51
Income Tax Expense	7.16	3.54	10.40	16.77	8.24	-1.17	4.20	4.26	1.70
Net Income	19.71	7.53	24.88	36.62	19.88	1.14	10.15	7.17	-0.09
Net Income - Continuous Operations	19.71	7.53	25.00	36.62	19.99	1.14	10.15	7.17	-0.09
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	43.02	197.40	247.01	352.32	44.90	16.99	33.52	28.16	20.50
EBIT	161.79	155.88	203.94	303.53	33.20	80.31	-	-	-
Depreciation & Amortization	15.40	41.52	43.07	48.79	11.70	11.45	14.84	11.91	13.17
Earnings Per Share
Basic EPS	3.00	3.00	10.00	14.00	3.00	-	1.00	1.00	-
Diluted EPS	3.00	1.00	4.00	6.00	3.00	-	1.00	1.00	-
Basic Shares Outstanding	6.44	12.90	13.02	13.04	6.52	6.52	6.52	6.52	6.52
Diluted Shares Outstanding	6.44	12.90	13.02	13.04	6.52	6.52	6.52	6.52	6.52

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Petróleo Brasileiro S.A. - Petrobras Financial Statements

What was Petróleo Brasileiro S.A. - Petrobras's revenue in fiscal 2025?

Petróleo Brasileiro S.A. - Petrobras reported revenue of $89.06B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 81.9% from $490.83B a year earlier.

Is Petróleo Brasileiro S.A. - Petrobras profitable?

Yes. Petróleo Brasileiro S.A. - Petrobras earned net income of $19.71B in fiscal 2025, a net margin of 22.1%. In fiscal 2024 it earned $7.53B.

What is Petróleo Brasileiro S.A. - Petrobras's operating margin?

Petróleo Brasileiro S.A. - Petrobras's operating income was $27.64B on revenue of $89.06B in fiscal 2025, an operating margin of 31.0%, compared with 5.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition