Petróleo Brasileiro S.A. - Petrobras revenue and financials
Secondary listing. The primary listing is Petróleo Brasileiro S.A. - Petrobras · B3 (BRL)
$23.80Change from previous close: −1.41%Absolute change: −$0.34
In the fiscal year ended December 2025, Petróleo Brasileiro S.A. - Petrobras reported revenue of $497.55B (+444.27% year over year). Net income was $110.13B, a net margin of 22.1%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +444.27%
- 2025 vs 2024
- Net income growth
- +1,362.93%
- 2025 vs 2024
- Net margin
- 22.1%
- 2024: 8.2%
Financial data
Amounts in millions of BRL; per-share values in BRL; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 61,813 | 43,975 | 54,916 | 53,655 | 42,424 | 49,338 | 47,666 | 62,720 | 47,170 | 46,481 | 57,658 | 56,528 |
| Depreciation and amortization | 21,512 | 21,464 | 24,916 | 22,268 | 20,714 | 20,071 | 22,833 | 18,078 | 16,486 | 16,732 | 19,401 | 18,689 |
| Capital expenditure | -23,040 | -23,734 | -35,618 | -26,629 | -23,170 | -23,297 | -25,910 | -24,637 | -15,260 | -14,049 | -17,794 | -15,540 |
| Investing cash flow | -28,899 | -18,812 | -35,377 | -25,937 | -14,565 | -10,235 | -19,169 | -26,293 | -10,461 | -16,440 | -15,977 | -13,777 |
| Financing cash flow | -33,841 | -24,953 | -32,590 | -17,595 | -15,493 | -31,444 | -57,525 | -32,689 | -54,178 | -35,582 | -38,928 | -34,742 |
| Dividends paid | -7,629 | -11,639 | -1,496 | -10,982 | -9,558 | -16,587 | — | -12,718 | -37,454 | -17,182 | -21,724 | -23,803 |
| Share repurchases | — | — | 0.0 | 0.0 | 0.0 | 0.0 | — | — | -772 | -1,147 | -2,669 | -975 |
| Debt issued | 3,091 | 6,948 | 26.0 | 12,085 | 14,508 | 3,009 | 3,507 | 5,465 | 3,047 | 8.0 | 4,459 | 5,942 |
| Debt repaid | -26,459 | -16,447 | -21,936 | -15,053 | -19,063 | -15,014 | -25,919 | -21,192 | -16,984 | -14,510 | -17,474 | -12,887 |
| Effect of exchange rates | 193 | -1,524 | 984 | -625 | -1,149 | -953 | 1,915 | -200 | 3,609 | 1,617 | -1,782 | 2,751 |
| Net change in cash | -734 | -1,314 | -12,067 | 9,498 | 11,217 | 6,706 | -27,113 | 3,538 | -13,860 | -3,924 | 971 | 10,760 |
| Free cash flow | 38,773 | 20,241 | 19,298 | 27,026 | 19,254 | 26,041 | 21,756 | 38,083 | 31,910 | 32,432 | 39,864 | 40,988 |
| Levered free cash flow | 34,068 | 8,761 | 21,799 | 22,011 | 22,057 | 10,830 | 20,089 | 29,947 | 34,467 | 12,098 | 37,301 | 26,724 |