Duke Energy Corporation (DUK) Income Statement
DUK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsDUK revenue and net income
Where DUK's revenue goes
2025Each bar shows an amount and its share of revenue. DUK kept 15.4% of revenue as net income.
DUK profit margins
DUK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.2% | +3.9% | +6.6% | +3.7% |
| Gross profit | −33.1% | −7.8% | −2.2% | +0.9% |
| Operating income | +8.2% | +12.6% | +13.4% | +5.4% |
| Net income | +10.2% | +24.9% | +29.3% | +5.7% |
| EPS (diluted) | +7.1% | +5.8% | +4.3% | +3.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
DUK quarterly EPS vs estimates
Duke Energy beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.86).
DUK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32.24B | $30.36B | $29.06B | $28.77B | $25.10B | $23.37B | $25.08B | $24.52B | $23.57B | $22.74B |
| Cost of revenue | $22.06B | $15.16B | $15.30B | $15.79B | $13.00B | $12.01B | $13.52B | $13.99B | $12.93B | $13.11B |
| Gross profit | $10.17B | $15.20B | $13.76B | $12.98B | $12.10B | $11.35B | $11.56B | $10.53B | $10.70B | $9.63B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | — | $1.39B | $1.34B | $1.31B | $1.28B | $1.23B | $1.14B |
| Total operating expenses | $1.60B | $7.27B | $6.69B | $6.96B | $6.38B | $6.78B | $5.86B | $5.35B | $4.76B | $4.44B |
| Operating income | $8.58B | $7.93B | $7.07B | $6.01B | $5.37B | $4.57B | $5.71B | $4.68B | $5.62B | $5.20B |
| Interest income | $3.58B | $63.0M | $29.0M | $2.33B | $2.25B | $4.17B | $31.0M | $20.0M | $13.0M | $21.0M |
| Interest expense | $3.63B | $3.38B | $3.01B | $2.44B | $2.28B | $2.16B | $2.20B | $2.09B | $1.99B | $1.73B |
| Income before taxes | $5.71B | $5.19B | $4.77B | $4.08B | $3.76B | $920.0M | $4.10B | $3.07B | $4.27B | $3.73B |
| Income taxes | $642.0M | $590.0M | $438.0M | $300.0M | $192.0M | −$169.0M | $519.0M | $448.0M | $1.20B | $1.16B |
| Net income | $4.97B | $4.51B | $2.84B | $2.55B | $3.58B | $1.38B | $3.75B | $2.67B | $3.06B | $2.67B |
| EBITDA | $15.67B | $15.00B | $13.87B | $12.36B | $11.37B | $8.50B | $11.48B | $9.86B | $10.30B | $9.53B |
| EPS (diluted) | $6.32 | $5.90 | $5.56 | $5.33 | $5.23 | $5.12 | $5.06 | $4.70 | $4.58 | $4.69 |
| Gross margin | 31.6% | 50.1% | 47.3% | 45.1% | 48.2% | 48.6% | 46.1% | 42.9% | 45.4% | 42.3% |
| Operating margin | 26.6% | 26.1% | 24.3% | 20.9% | 21.4% | 19.6% | 22.8% | 19.1% | 23.9% | 22.9% |
| Net margin | 15.4% | 14.9% | 9.8% | 8.9% | 14.3% | 5.9% | 14.9% | 10.9% | 13.0% | 11.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.59B | $9.18B | $7.94B | $8.67B | $7.51B | $8.25B | $7.36B | $8.15B | $7.17B | $7.67B | $7.21B | $7.99B |
| Cost of revenue | $2.04B | $2.94B | $5.52B | $110.0M | $5.27B | $3.97B | $3.46B | $4.12B | $3.63B | $3.95B | $3.77B | $4.06B |
| Gross profit | $5.55B | $6.23B | $2.42B | $8.56B | $2.23B | $4.28B | $3.90B | $4.03B | $3.55B | $3.72B | $3.44B | $3.94B |
| Total operating expenses | $3.50B | $3.51B | $316.0M | $6.22B | $415.0M | $1.93B | $1.78B | $1.89B | $1.84B | $1.76B | $1.59B | $1.83B |
| Operating income | $2.05B | $2.73B | $2.10B | $2.33B | $1.82B | $2.34B | $2.11B | $2.14B | $1.71B | $1.96B | $1.85B | $2.11B |
| Interest income | — | — | $933.0M | $886.0M | $886.0M | $878.0M | $933.0M | $857.0M | — | — | — | $729.0M |
| Interest expense | $957.0M | $968.0M | $946.0M | $902.0M | $897.0M | $889.0M | $871.0M | $872.0M | $824.0M | $817.0M | $793.0M | $774.0M |
| Income before taxes | $1.30B | $1.90B | $1.36B | $1.63B | $1.13B | $1.60B | $1.34B | $1.45B | $1.07B | $1.33B | $1.26B | $1.51B |
| Income taxes | $160.0M | $333.0M | $154.0M | $176.0M | $119.0M | $193.0M | $109.0M | $163.0M | $140.0M | $178.0M | $122.0M | $42.0M |
| Net income | $1.09B | $1.55B | $1.18B | $1.42B | $984.0M | $1.38B | $1.21B | $1.26B | $885.0M | $1.15B | $1.00B | $1.25B |
| EBITDA | $3.87B | $4.75B | $4.26B | $4.62B | $3.99B | $4.18B | $3.84B | $4.02B | $3.46B | $3.68B | $3.60B | $3.91B |
| EPS (diluted) | $1.43 | $1.93 | $1.50 | $1.81 | $1.25 | $1.76 | $1.66 | $1.62 | $1.18 | $1.44 | $1.51 | $1.94 |
| Gross margin | 73.1% | 67.9% | 30.5% | 98.7% | 29.8% | 51.8% | 52.9% | 49.4% | 49.4% | 48.5% | 47.7% | 49.3% |
| Operating margin | 27.0% | 29.7% | 26.5% | 26.9% | 24.2% | 28.4% | 28.7% | 26.3% | 23.8% | 25.6% | 25.7% | 26.4% |
| Net margin | 14.4% | 16.9% | 14.9% | 16.4% | 13.1% | 16.7% | 16.5% | 15.5% | 12.3% | 15.0% | 13.9% | 15.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in DUK's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
DUK financial results
In fiscal year 2025 (ended December 31, 2025), Duke Energy reported revenue of $32.2 billion, up 6.2% from the year before. It had net income of $5.0 billion (up 10.2%), a net profit margin of 15.4%. Diluted earnings per share came to $6.32. Over five years revenue grew at an average rate of 6.6% a year.
See the DUK stock overview for the latest quote and news, or the DUK chart for price history and technical indicators.
DUK income statement FAQ
What is Duke Energy's annual revenue?
Duke Energy reported total revenue of $32.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 6.2% from $30.4 billion the previous year.
Is Duke Energy profitable?
Yes. Duke Energy reported net income of $5.0 billion in fiscal 2025, a net profit margin of 15.4%; its operating margin was 26.6%.
What is Duke Energy's gross margin?
Duke Energy's gross margin was 31.6% in fiscal 2025: for every $100 of revenue, Duke Energy kept $32 after the direct cost of its products and services.
How fast is Duke Energy growing?
Revenue grew 6.6% a year on average over the last five fiscal years, from $23.4 billion to $32.2 billion.
What are Duke Energy's earnings per share?
Duke Energy earned $6.32 per diluted share in fiscal 2025, compared with $5.90 a year earlier.
When will Duke Energy report its next earnings?
Duke Energy is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Duke Energy's fiscal year end?
Duke Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.
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