Consolidated Edison, Inc. (ED) Income Statement
ED 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsED revenue and net income
Where ED's revenue goes
2025Each bar shows an amount and its share of revenue. ED kept 12.0% of revenue as net income.
ED profit margins
ED growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.9% | +2.6% | +6.7% | +3.1% |
| Gross profit | +7.5% | +3.2% | +5.4% | +8.7% |
| Operating income | +7.3% | +3.9% | +2.0% | +1.2% |
| Net income | +11.2% | +6.8% | +12.9% | +5.4% |
| EPS (diluted) | +5.9% | +7.9% | +6.5% | +3.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ED quarterly EPS vs estimates
Con Edison beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 5, 2026 (estimate $2.07).
ED income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.92B | $15.26B | $14.65B | $15.66B | $13.67B | $12.24B | $12.55B | $12.33B | $12.03B | $12.07B |
| Cost of revenue | $6.43B | $5.49B | $5.69B | $6.11B | $4.78B | $4.17B | $4.29B | $4.36B | $3.94B | $7.33B |
| Gross profit | $10.49B | $9.76B | $8.96B | $9.55B | $8.89B | $8.06B | $8.26B | $7.97B | $8.08B | $4.73B |
| Research & development | — | — | — | $27.0M | $25.0M | $24.0M | $24.0M | $24.0M | $24.0M | $24.0M |
| Sales, general & admin | — | — | — | $3.00B | $2.81B | $2.58B | $2.41B | $2.27B | $6.27B | $5.78B |
| Total operating expenses | $7.56B | $7.03B | $6.65B | $6.94B | $6.09B | $5.41B | $5.61B | $5.44B | $5.32B | $2.06B |
| Operating income | $2.93B | $2.73B | $2.31B | $2.62B | $2.80B | $2.65B | $2.65B | $2.53B | $2.77B | $2.68B |
| Interest income | $1.05B | $959.0M | $848.0M | $99.0M | $891.0M | $795.0M | $779.0M | $651.0M | $607.0M | $597.0M |
| Interest expense | $1.23B | $1.19B | $1.02B | $951.0M | $919.0M | $1.02B | $955.0M | $819.0M | $729.0M | $696.0M |
| Income before taxes | $2.60B | $2.14B | $3.00B | $2.10B | $1.38B | $1.23B | $1.74B | $1.78B | $2.00B | $1.94B |
| Income taxes | $574.0M | $318.0M | $487.0M | $498.0M | $190.0M | $90.0M | $296.0M | $401.0M | $472.0M | $698.0M |
| Net income | $2.02B | $1.82B | $2.52B | $1.66B | $1.35B | $1.10B | $1.34B | $1.38B | $1.52B | $1.25B |
| EBITDA | $6.15B | $5.48B | $6.06B | $5.17B | $4.37B | $4.11B | $4.38B | $4.04B | $4.07B | $3.85B |
| EPS (diluted) | $5.72 | $5.40 | $5.06 | $4.55 | $4.38 | $4.18 | $4.38 | $4.33 | $4.12 | $3.98 |
| Gross margin | 62.0% | 64.0% | 61.2% | 61.0% | 65.0% | 65.9% | 65.8% | 64.7% | 67.2% | 39.2% |
| Operating margin | 17.3% | 17.9% | 15.8% | 16.7% | 20.5% | 21.7% | 21.1% | 20.5% | 23.0% | 22.2% |
| Net margin | 12.0% | 11.9% | 17.2% | 10.6% | 9.8% | 9.0% | 10.7% | 11.2% | 12.7% | 10.3% |
| 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 | $4.07B | $5.09B | $4.00B | $4.53B | $3.60B | $4.80B | $3.67B | $4.09B | $3.22B | $4.28B | $3.44B | $3.87B |
| Cost of revenue | $1.63B | $1.94B | $1.58B | $1.64B | $1.42B | $1.77B | $1.42B | $1.39B | $1.15B | $1.54B | $1.71B | $1.41B |
| Gross profit | $2.44B | $3.15B | $2.41B | $2.89B | $2.17B | $3.02B | $2.25B | $2.71B | $2.07B | $2.74B | $1.74B | $2.46B |
| Sales, general & admin | — | $940.0M | — | — | — | — | — | — | — | — | — | — |
| Total operating expenses | $1.89B | $1.98B | $1.93B | $1.92B | $1.82B | $1.90B | $1.74B | $1.84B | $1.75B | $1.70B | $1.29B | $1.73B |
| Operating income | $552.0M | $1.18B | $483.0M | $968.0M | $355.0M | $1.12B | $509.0M | $862.0M | $320.0M | $1.04B | $451.0M | $724.0M |
| Interest income | — | — | $276.0M | $260.0M | $257.0M | $258.0M | $253.0M | $242.0M | — | — | — | $212.0M |
| Interest expense | $314.0M | $308.0M | $313.0M | $309.0M | $300.0M | $313.0M | $304.0M | $306.0M | $288.0M | $289.0M | $265.0M | $259.0M |
| Income before taxes | $408.0M | $1.23B | $377.0M | $890.0M | $296.0M | $1.03B | $321.0M | $721.0M | $192.0M | $904.0M | $405.0M | $670.0M |
| Income taxes | $100.0M | $303.0M | $80.0M | $202.0M | $50.0M | $242.0M | $11.0M | $133.0M | −$10.0M | $184.0M | $71.0M | $144.0M |
| Net income | $308.0M | $924.0M | $297.0M | $688.0M | $246.0M | $791.0M | $310.0M | $588.0M | $202.0M | $720.0M | $334.0M | $526.0M |
| EBITDA | $1.30B | $2.11B | $1.28B | $2.67B | $1.17B | $1.91B | $1.18B | $1.58B | $992.0M | $1.73B | $1.20B | $1.44B |
| EPS (diluted) | $0.83 | $2.18 | $0.89 | $1.90 | $0.67 | $2.26 | $0.98 | $1.68 | $0.59 | $2.15 | $1.00 | $1.62 |
| Gross margin | 60.0% | 61.9% | 60.3% | 63.7% | 60.4% | 63.0% | 61.4% | 66.1% | 64.3% | 64.0% | 50.5% | 63.5% |
| Operating margin | 13.6% | 23.1% | 12.1% | 21.4% | 9.9% | 23.4% | 13.9% | 21.1% | 9.9% | 24.3% | 13.1% | 18.7% |
| Net margin | 7.6% | 18.1% | 7.4% | 15.2% | 6.8% | 16.5% | 8.4% | 14.4% | 6.3% | 16.8% | 9.7% | 13.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ED's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ED financial results
In fiscal year 2025 (ended December 31, 2025), Con Edison reported revenue of $16.9 billion, up 10.9% from the year before. It had net income of $2.0 billion (up 11.2%), a net profit margin of 12.0%. Diluted earnings per share came to $5.72. Over five years revenue grew at an average rate of 6.7% a year.
See the ED stock overview for the latest quote and news, or the ED chart for price history and technical indicators.
ED income statement FAQ
What is Con Edison's annual revenue?
Con Edison reported total revenue of $16.9 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.9% from $15.3 billion the previous year.
Is Con Edison profitable?
Yes. Con Edison reported net income of $2.0 billion in fiscal 2025, a net profit margin of 12.0%; its operating margin was 17.3%.
What is Con Edison's gross margin?
Con Edison's gross margin was 62.0% in fiscal 2025: for every $100 of revenue, Con Edison kept $62 after the direct cost of its products and services.
How fast is Con Edison growing?
Revenue grew 6.7% a year on average over the last five fiscal years, from $12.2 billion to $16.9 billion.
What are Con Edison's earnings per share?
Con Edison earned $5.72 per diluted share in fiscal 2025, compared with $5.40 a year earlier.
When will Con Edison report its next earnings?
Con Edison is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does Con Edison's fiscal year end?
Con Edison's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.
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