Exelon Corporation (EXC) Income Statement
EXC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsEXC revenue and net income
Where EXC's revenue goes
2025Each bar shows an amount and its share of revenue. EXC kept 11.4% of revenue as net income.
EXC profit margins
EXC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +5.3% | +8.3% | −6.0% | −1.9% |
| Gross profit | −28.0% | −5.5% | −6.6% | −1.7% |
| Operating income | +19.1% | +15.8% | +12.8% | +1.6% |
| Net income | +12.5% | +8.5% | +7.1% | +2.0% |
| EPS (diluted) | +10.4% | +6.9% | −3.0% | +1.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
EXC quarterly EPS vs estimates
Exelon beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 30, 2026 (estimate $0.80).
EXC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.26B | $23.03B | $21.73B | $19.08B | $17.94B | $33.04B | $34.44B | $35.98B | $33.53B | $31.36B |
| Cost of revenue | $17.48B | $13.62B | $12.80B | $11.05B | $10.93B | $23.51B | $24.11B | $26.01B | $24.16B | $22.69B |
| Gross profit | $6.77B | $9.40B | $8.93B | $8.03B | $7.01B | $9.53B | $10.33B | $9.98B | $9.37B | $8.67B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | $1.39B | $1.77B | $1.71B | $1.73B | $1.78B | $1.73B | $116.0M |
| Total operating expenses | $1.63B | $5.09B | $4.90B | $4.72B | $4.32B | $6.70B | $5.95B | $6.08B | $5.11B | $5.56B |
| Operating income | $5.14B | $4.32B | $4.02B | $3.31B | $2.68B | $2.82B | $4.37B | $3.89B | $4.39B | $3.21B |
| Interest income | — | — | — | — | — | — | $1.62B | $1.55B | $1.56B | $1.54B |
| Interest expense | $2.13B | $1.91B | $1.73B | $1.45B | $1.29B | $1.64B | $1.62B | $1.55B | $1.56B | $1.54B |
| Income before taxes | $3.29B | $2.67B | $2.70B | $2.40B | $1.65B | $2.33B | $3.80B | $2.23B | $3.77B | $1.97B |
| Income taxes | $523.0M | $207.0M | $374.0M | $349.0M | $38.0M | $379.0M | $774.0M | $118.0M | −$126.0M | $753.0M |
| Net income | $2.77B | $2.46B | $2.33B | $2.17B | $1.71B | $1.96B | $2.94B | $2.01B | $3.77B | $1.13B |
| EBITDA | $9.06B | $8.18B | $7.94B | $7.38B | $10.52B | $10.49B | $11.38B | $9.15B | $10.76B | $9.09B |
| EPS (diluted) | $2.76 | $2.50 | $2.38 | $2.26 | $2.82 | $3.22 | $3.22 | $3.13 | $2.59 | $2.68 |
| Gross margin | 27.9% | 40.8% | 41.1% | 42.1% | 39.1% | 28.8% | 30.0% | 27.7% | 27.9% | 27.7% |
| Operating margin | 21.2% | 18.8% | 18.5% | 17.4% | 15.0% | 8.5% | 12.7% | 10.8% | 13.1% | 10.2% |
| Net margin | 11.4% | 10.7% | 10.7% | 11.4% | 9.5% | 5.9% | 8.5% | 5.6% | 11.2% | 3.6% |
| 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 | $5.97B | $7.24B | $5.41B | $6.71B | $5.43B | $6.71B | $5.47B | $6.15B | $5.36B | $6.04B | $5.37B | $5.98B |
| Cost of revenue | $3.52B | $5.19B | $6.58B | $3.82B | $3.22B | $3.87B | $3.08B | $3.66B | $3.20B | $3.68B | $3.05B | $3.58B |
| Gross profit | $2.45B | $2.05B | −$1.17B | $2.89B | $2.21B | $2.85B | $2.39B | $2.50B | $2.16B | $2.36B | $2.32B | $2.40B |
| Sales, general & admin | — | — | — | — | — | $1.35B | — | — | — | — | — | — |
| Total operating expenses | $1.47B | $443.0M | −$2.35B | $1.39B | $1.28B | $1.31B | $1.29B | $1.30B | $1.25B | $1.25B | $1.23B | $1.27B |
| Operating income | $979.0M | $1.60B | $1.18B | $1.50B | $927.0M | $1.54B | $1.10B | $1.20B | $913.0M | $1.11B | $1.09B | $1.12B |
| Interest expense | $568.0M | $555.0M | $548.0M | $538.0M | $531.0M | $510.0M | $468.0M | $496.0M | $483.0M | $468.0M | $452.0M | $437.0M |
| Income before taxes | $495.0M | $1.12B | $722.0M | $1.03B | $461.0M | $1.08B | $696.0M | $757.0M | $494.0M | $721.0M | $717.0M | $767.0M |
| Income taxes | $99.0M | $200.0M | $128.0M | $155.0M | $70.0M | $170.0M | $49.0M | $50.0M | $46.0M | $63.0M | $100.0M | $67.0M |
| Net income | $396.0M | $919.0M | $594.0M | $875.0M | $391.0M | $908.0M | $647.0M | $707.0M | $448.0M | $658.0M | $617.0M | $700.0M |
| EBITDA | $2.03B | $2.63B | $1.92B | $2.48B | $1.89B | $2.49B | $2.08B | $2.16B | $1.87B | $2.07B | $2.06B | $2.09B |
| EPS (diluted) | $0.43 | $0.91 | $0.59 | $0.86 | $0.39 | $0.92 | $0.64 | $0.71 | $0.47 | $0.68 | $0.60 | $0.67 |
| Gross margin | 41.0% | 28.3% | −21.6% | 43.1% | 40.7% | 42.4% | 43.6% | 40.6% | 40.3% | 39.1% | 43.2% | 40.1% |
| Operating margin | 16.4% | 22.2% | 21.8% | 22.4% | 17.1% | 22.9% | 20.1% | 19.4% | 17.0% | 18.4% | 20.3% | 18.8% |
| Net margin | 6.6% | 12.7% | 11.0% | 13.0% | 7.2% | 13.5% | 11.8% | 11.5% | 8.4% | 10.9% | 11.5% | 11.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in EXC's financial statements (latest annual report filed February 12, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
EXC financial results
In fiscal year 2025 (ended December 31, 2025), Exelon reported revenue of $24.3 billion, up 5.3% from the year before. It had net income of $2.8 billion (up 12.5%), a net profit margin of 11.4%. Diluted earnings per share came to $2.76. Over five years revenue grew at an average rate of −6.0% a year.
See the EXC stock overview for the latest quote and news, or the EXC chart for price history and technical indicators.
EXC income statement FAQ
What is Exelon's annual revenue?
Exelon reported total revenue of $24.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 5.3% from $23.0 billion the previous year.
Is Exelon profitable?
Yes. Exelon reported net income of $2.8 billion in fiscal 2025, a net profit margin of 11.4%; its operating margin was 21.2%.
What is Exelon's gross margin?
Exelon's gross margin was 27.9% in fiscal 2025: for every $100 of revenue, Exelon kept $28 after the direct cost of its products and services.
How fast is Exelon growing?
Revenue grew −6.0% a year on average over the last five fiscal years, from $33.0 billion to $24.3 billion.
What are Exelon's earnings per share?
Exelon earned $2.76 per diluted share in fiscal 2025, compared with $2.50 a year earlier.
When will Exelon report its next earnings?
Exelon is expected to report results for the quarter ending September 30, 2026 on October 30, 2026 before the market opens.
When does Exelon's fiscal year end?
Exelon's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 12, 2026.
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