Erie Indemnity Company (ERIE) Income Statement
ERIE 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsERIE revenue and net income
Where ERIE's revenue goes
2025Each bar shows an amount and its share of revenue. ERIE kept 13.8% of revenue as net income.
ERIE profit margins
ERIE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.2% | +12.7% | +9.6% | +10.3% |
| Gross profit | −5.3% | +19.4% | −24.3% | −8.3% |
| Operating income | +6.4% | +24.1% | — | +10.5% |
| Net income | −6.8% | +23.3% | +13.8% | +12.3% |
| EPS (diluted) | +6.5% | +26.3% | +17.7% | +13.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ERIE quarterly EPS vs estimates
Erie Indemnity beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: October 29, 2026 (estimate $3.41).
ERIE income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.07B | $3.80B | $3.27B | $2.84B | $2.70B | $2.57B | $2.52B | $2.41B | $1.72B | $1.62B |
| Cost of revenue | $3.43B | $3.12B | $2.75B | $2.46B | $2.61B | $2.20B | $2.12B | $2.04B | $1.40B | $1.30B |
| Gross profit | $640.8M | $676.5M | $520.3M | $376.2M | $2.70B | $2.57B | $2.52B | $2.41B | $1.72B | $1.62B |
| Research & development | — | — | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 |
| Sales, general & admin | $74.1M | $806.3M | $1.44B | $1.33B | $58.3M | $609.4M | — | $1.7M | $240.2M | $213.4M |
| Total operating expenses | −$78.7M | $3.11B | $2.75B | $2.47B | −$2.99B | −$2.84B | −$2.73B | −$2.04B | −$1.40B | −$1.30B |
| Operating income | $719.5M | $676.5M | $520.3M | $376.2M | −$286.1M | −$266.7M | −$212.9M | $373.8M | $316.9M | $320.2M |
| Interest income | — | — | — | — | — | — | $39.3M | $24.9M | $27.5M | $28.1M |
| Interest expense | — | $0 | $0 | $2.0M | $4.1M | $731,000 | $856,000 | $2.5M | $1.2M | $101,000 |
| Income before taxes | $710.6M | $757.3M | $561.9M | $376.5M | $376.4M | $368.5M | $396.7M | $371.3M | $315.7M | $320.1M |
| Income taxes | $151.3M | $157.0M | $115.9M | $77.9M | $78.5M | $75.2M | $79.9M | $83.1M | $118.7M | $109.7M |
| Net income | $559.3M | $600.3M | $446.1M | $298.6M | $297.9M | $293.3M | $316.8M | $288.2M | $197.0M | $210.4M |
| EBITDA | $787.4M | $773.7M | $606.4M | $434.0M | −$286.1M | −$266.7M | −$212.9M | $373.8M | $316.9M | $320.2M |
| EPS (diluted) | $12.24 | $11.49 | $8.69 | $6.08 | $5.61 | $5.42 | $5.96 | $5.52 | $3.94 | $4.01 |
| Gross margin | 15.8% | 17.8% | 15.9% | 13.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 17.7% | 17.8% | 15.9% | 13.2% | −10.6% | −10.4% | −8.5% | 15.5% | 18.5% | 19.8% |
| Net margin | 13.8% | 15.8% | 13.6% | 10.5% | 11.0% | 11.4% | 12.6% | 12.0% | 11.5% | 13.0% |
| 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 | $1.09B | $1.01B | $951.2M | $1.07B | $1.06B | $989.4M | $924.1M | $999.9M | $990.4M | $880.7M | $817.7M | $858.9M |
| Cost of revenue | $885.7M | $865.1M | $812.5M | $876.2M | $877.0M | $838.0M | $756.8M | $819.8M | $800.2M | $741.9M | $690.6M | $710.5M |
| Gross profit | $204.1M | $146.9M | $138.7M | $191.2M | $182.7M | $151.4M | $167.3M | $180.1M | $190.2M | $138.8M | $127.1M | $148.5M |
| Sales, general & admin | $19.6M | $19.5M | $19.3M | $215.7M | $256.7M | $35.0M | $202.0M | $206.8M | $268.6M | $254.4M | $47.0M | $16.2M |
| Total operating expenses | $19.6M | −$19.1M | −$19.0M | −$19.1M | −$17.0M | $320.3M | $146.4M | $1.03B | $316.5M | $298.8M | −$12.8M | $710.5M |
| Operating income | $204.1M | $166.0M | $157.7M | $210.3M | $199.7M | $151.4M | $167.3M | $180.1M | $190.2M | $138.8M | $127.1M | $148.5M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $1.4M | $0 |
| Income before taxes | $228.1M | $190.3M | $82.3M | $232.8M | $220.7M | $174.7M | $191.8M | $200.8M | $207.3M | $157.3M | $139.9M | $163.8M |
| Income taxes | $47.8M | $39.9M | $19.0M | $49.9M | $46.1M | $36.3M | $39.8M | $41.0M | $43.4M | $32.8M | $29.0M | $32.7M |
| Net income | $180.3M | $150.5M | $63.4M | $182.9M | $174.7M | $138.4M | $152.0M | $159.8M | $163.9M | $124.6M | $110.9M | $131.0M |
| EBITDA | $228.1M | $210.3M | $101.5M | $251.2M | $236.8M | $171.6M | $196.6M | $196.9M | $211.5M | $159.3M | $147.1M | $168.2M |
| EPS (diluted) | $3.45 | $2.90 | $2.76 | $3.49 | $3.34 | $2.65 | $2.91 | $3.02 | $3.17 | $2.39 | $2.12 | $2.54 |
| Gross margin | 18.7% | 14.5% | 14.6% | 17.9% | 17.2% | 15.3% | 18.1% | 18.0% | 19.2% | 15.8% | 15.5% | 17.3% |
| Operating margin | 18.7% | 16.4% | 16.6% | 19.7% | 18.8% | 15.3% | 18.1% | 18.0% | 19.2% | 15.8% | 15.5% | 17.3% |
| Net margin | 16.5% | 14.9% | 6.7% | 17.1% | 16.5% | 14.0% | 16.5% | 16.0% | 16.5% | 14.1% | 13.6% | 15.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ERIE's financial statements (latest annual report filed February 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ERIE financial results
In fiscal year 2025 (ended December 31, 2025), Erie Indemnity reported revenue of $4.1 billion, up 7.2% from the year before. It had net income of $559.3 million (down 6.8%), a net profit margin of 13.8%. Diluted earnings per share came to $12.24. Over five years revenue grew at an average rate of 9.6% a year.
See the ERIE stock overview for the latest quote and news, or the ERIE chart for price history and technical indicators.
ERIE income statement FAQ
What is Erie Indemnity's annual revenue?
Erie Indemnity reported total revenue of $4.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 7.2% from $3.8 billion the previous year.
Is Erie Indemnity profitable?
Yes. Erie Indemnity reported net income of $559.3 million in fiscal 2025, a net profit margin of 13.8%; its operating margin was 17.7%.
What is Erie Indemnity's gross margin?
Erie Indemnity's gross margin was 15.8% in fiscal 2025: for every $100 of revenue, Erie Indemnity kept $16 after the direct cost of its products and services.
How fast is Erie Indemnity growing?
Revenue grew 9.6% a year on average over the last five fiscal years, from $2.6 billion to $4.1 billion.
What are Erie Indemnity's earnings per share?
Erie Indemnity earned $12.24 per diluted share in fiscal 2025, compared with $11.49 a year earlier.
When will Erie Indemnity report its next earnings?
Erie Indemnity is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 after the market closes.
When does Erie Indemnity's fiscal year end?
Erie Indemnity's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 23, 2026.