PPL Corporation (PPL) financials
PPL revenue and earnings by year
PPL's revenue was $9.04 billion in the fiscal year to December 31, 2025, up 6.9% from the year before. Net income was $1.18 billion, 13.1% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.04 | 8.46 | 8.31 | 7.90 | 5.78 | 5.47 | 5.60 | 7.79 | 7.45 | 7.52 |
| Revenue growth | 6.9% | 1.8% | 5.2% | 36.6% | 5.6% | -2.3% | -28.0% | 4.5% | -0.9% | — |
| Gross profit | 2.13 | 1.74 | 1.63 | 1.37 | 1.42 | 1.59 | 1.53 | 2.85 | 2.90 | 2.94 |
| Gross margin | 23.5% | 20.6% | 19.6% | 17.4% | 24.6% | 29.0% | 27.2% | 36.6% | 39.0% | 39.1% |
| Operating income | 2.28 | 1.85 | 1.59 | 1.43 | 1.44 | 1.59 | 1.54 | 3.25 | 2.81 | 3.44 |
| Operating margin | 25.2% | 21.9% | 19.1% | 18.1% | 24.9% | 29.0% | 27.5% | 41.7% | 37.8% | 45.7% |
| Net income | 1.18 | 0.89 | 0.74 | 0.76 | -1.48 | 1.47 | 1.75 | 1.83 | 1.13 | 1.90 |
| Net margin | 13.1% | 10.5% | 8.9% | 9.6% | -25.6% | 26.8% | 31.2% | 23.5% | 15.1% | 25.3% |
| Diluted EPS | $1.59 | $1.20 | $1.00 | $1.02 | -$1.94 | $1.91 | $2.37 | $2.57 | $1.64 | $2.79 |
| Free cash flow | -1.40 | -0.47 | -0.63 | -0.43 | 0.30 | 0.48 | 0.18 | -0.42 | -0.67 | -0.03 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PPL in Markets.
How PPL makes money
Revenue by segment in the quarter to March 31, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Kentucky Regulated | $1.21B | 43.5% |
| Pennsylvania Regulated | $971M | 35.0% |
| Rhode Isl & Regulated | $595M | 21.4% |
| Corporate | $1.00M | 0.0% |
See also: PPL valuation and P/E history · PPL returns
No forecast, no recommendation. This page describes PPL Corporation from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.