Public Service Enterprise Group Incorporated (PEG) Income Statement

NYSE: PEGRevenue, profits, margins and EPS over 10 years.

PEG 2025 at a glance

Fiscal year ended December 31, 2025 · U.S. dollars

Revenue+18.3%

$12.17B

2025 · hover or tap a bar for each year

20162025

Gross profit+137.1%

$8.40B

2025 · hover or tap a bar for each year

20162025

Operating income+26.6%

$2.98B

2025 · hover or tap a bar for each year

20162025

Net income+19.1%

$2.11B

2025 · hover or tap a bar for each year

20162025

EPS (diluted)+10.1%

$4.05

2025 · hover or tap a bar for each year

20162025

Net profit margin+0.1 pts

17.3%

2025 · hover or tap a point for each year

20162025

PEG revenue and net income

RevenueNet incomeNet margin (right axis)

Where PEG's revenue goes

2025

Revenue

$12.17B100.0%

Cost of revenue

−$3.77B−31.0%

Gross profit

$8.40B69.0%

Sales, general & admin

−$43.0M−0.4%

Other operating expenses

−$5.37B−44.2%

Operating income

$2.98B24.5%

Interest & other expense

−$606.0M−5.0%

Income taxes

−$263.0M−2.2%

Net income

$2.11B17.3%

Each bar shows an amount and its share of revenue. PEG kept 17.3% of revenue as net income.

PEG profit margins

GrossOperatingNet

PEG growth rates

to 2025

	1 year	3 years	5 years	10 years
Revenue	+18.3%	+7.5%	+4.8%	+1.6%
Gross profit	+137.1%	+47.7%	+19.6%	+7.2%
Operating income	+26.6%	+29.2%	+5.6%	+0.1%
Net income	+19.1%	+27.0%	+2.1%	+2.3%
EPS (diluted)	+10.1%	+5.3%	+3.4%	+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.

PEG quarterly EPS vs estimates

Reported EPSAnalyst estimate

PSEG beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 2, 2026 (estimate $1.20).

PEG income statement

Public Service Enterprise Group Incorporated annual income statement
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$12.17B	$10.29B	$11.24B	$9.80B	$9.72B	$9.60B	$10.08B	$9.70B	$9.08B	$9.06B
Cost of revenue	$3.77B	$6.75B	$6.41B	$7.20B	$6.72B	$6.17B	$6.48B	$6.24B	$5.67B	$6.01B
Gross profit	$8.40B	$3.54B	$4.83B	$2.60B	$3.00B	$3.43B	$3.59B	$3.46B	$3.42B	$3.05B
Research & development	—	—	—	—	—	—	—	$0	$0	$0
Sales, general & admin	$43.0M	$40.0M	$218.0M	$1.13B	$984.0M	$3.12B	$3.11B	$3.02B	$2.87B	$3.01B
Total operating expenses	$5.42B	$1.19B	$1.14B	$1.22B	$3.85B	$1.16B	$1.65B	$1.10B	$1.99B	$1.48B
Operating income	$2.98B	$2.35B	$3.69B	$1.38B	−$856.0M	$2.27B	$1.94B	$2.30B	$1.43B	$1.60B
Interest income	$122.0M	$113.0M	$96.0M	$879.0M	$289.0M	$266.0M	$16.0M	$18.0M	$21.0M	$22.0M
Interest expense	$961.0M	$841.0M	$688.0M	$563.0M	$500.0M	$513.0M	$510.0M	$476.0M	$391.0M	$385.0M
Income before taxes	$2.37B	$1.82B	$3.08B	$1.00B	−$1.09B	$2.30B	$1.95B	$1.85B	$1.27B	$1.30B
Income taxes	$263.0M	$53.0M	$518.0M	−$29.0M	−$441.0M	$396.0M	$257.0M	$417.0M	−$306.0M	$411.0M
Net income	$2.11B	$1.77B	$2.56B	$1.03B	−$648.0M	$1.91B	$1.69B	$1.44B	$1.57B	$887.0M
EBITDA	$4.84B	$4.04B	$5.09B	$2.85B	$814.0M	$4.28B	$3.89B	$3.68B	$3.84B	$3.36B
EPS (diluted)	$4.05	$3.68	$3.48	$3.47	$3.65	$3.43	$3.28	$3.12	$2.93	$2.90
Gross margin	69.0%	34.4%	43.0%	26.6%	30.8%	35.7%	35.7%	35.6%	37.6%	33.7%
Operating margin	24.5%	22.9%	32.8%	14.1%	−8.8%	23.6%	19.3%	23.7%	15.7%	17.6%
Net margin	17.3%	17.2%	22.8%	10.5%	−6.7%	19.8%	16.8%	14.8%	17.3%	9.8%

Public Service Enterprise Group Incorporated quarterly income statement
	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	$2.55B	$3.85B	$2.92B	$3.23B	$2.81B	$3.22B	$2.46B	$2.64B	$2.42B	$2.76B	$2.60B	$2.46B
Cost of revenue	$906.0M	$937.0M	$2.06B	$2.06B	$1.68B	$2.10B	$1.71B	$1.71B	$1.56B	$1.78B	$1.61B	$1.62B
Gross profit	$1.65B	$2.91B	$854.0M	$1.17B	$1.12B	$1.12B	$759.0M	$935.0M	$867.0M	$980.0M	$991.0M	$833.0M
Sales, general & admin	—	—	—	—	—	—	—	—	$18.0M	$19.0M	—	—
Total operating expenses	$1.19B	$1.84B	$4.48B	$311.0M	$308.0M	$320.0M	$314.0M	$294.0M	$285.0M	$295.0M	$299.0M	$282.0M
Operating income	$461.0M	$1.07B	$511.0M	$855.0M	$817.0M	$797.0M	$445.0M	$641.0M	$582.0M	$685.0M	$692.0M	$551.0M
Interest income	$32.0M	$33.0M	$27.0M	$29.0M	$38.0M	$28.0M	$22.0M	$29.0M	$36.0M	$26.0M	$33.0M	$225.0M
Interest expense	$250.0M	$272.0M	$263.0M	$253.0M	$248.0M	$241.0M	$191.0M	$227.0M	$218.0M	$205.0M	$138.0M	$185.0M
Income before taxes	$398.0M	$848.0M	$311.0M	$720.0M	$726.0M	$617.0M	$200.0M	$559.0M	$437.0M	$629.0M	$687.0M	$65.0M
Income taxes	$64.0M	$107.0M	−$4.0M	$98.0M	$141.0M	$28.0M	−$86.0M	$39.0M	$3.0M	$97.0M	$141.0M	−$74.0M
Net income	$334.0M	$741.0M	$315.0M	$622.0M	$585.0M	$589.0M	$286.0M	$520.0M	$434.0M	$532.0M	$546.0M	$139.0M
EBITDA	$881.0M	$1.36B	$892.0M	$1.34B	$1.33B	$1.23B	$745.0M	$1.13B	$982.0M	$1.18B	$1.16B	$582.0M
EPS (diluted)	$0.86	$1.55	$0.72	$1.13	$0.77	$1.43	$0.84	$0.90	$0.63	$1.31	$0.54	$0.85
Gross margin	64.5%	75.6%	29.3%	36.1%	40.1%	34.7%	30.8%	35.4%	35.8%	35.5%	38.0%	33.9%
Operating margin	18.1%	27.9%	17.5%	26.5%	29.1%	24.7%	18.1%	24.3%	24.0%	24.8%	26.6%	22.4%
Net margin	13.1%	19.3%	10.8%	19.3%	20.9%	18.3%	11.6%	19.7%	17.9%	19.3%	21.0%	5.7%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PEG's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

PEG financial results

In fiscal year 2025 (ended December 31, 2025), PSEG reported revenue of $12.2 billion, up 18.3% from the year before. It had net income of $2.1 billion (up 19.1%), a net profit margin of 17.3%. Diluted earnings per share came to $4.05. Over five years revenue grew at an average rate of 4.8% a year.

See the PEG stock overview for the latest quote and news, or the PEG chart for price history and technical indicators.

PEG income statement FAQ

What is PSEG's annual revenue?

PSEG reported total revenue of $12.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 18.3% from $10.3 billion the previous year.

Is PSEG profitable?

Yes. PSEG reported net income of $2.1 billion in fiscal 2025, a net profit margin of 17.3%; its operating margin was 24.5%.

What is PSEG's gross margin?

PSEG's gross margin was 69.0% in fiscal 2025: for every $100 of revenue, PSEG kept $69 after the direct cost of its products and services.

How fast is PSEG growing?

Revenue grew 4.8% a year on average over the last five fiscal years, from $9.6 billion to $12.2 billion.

What are PSEG's earnings per share?

PSEG earned $4.05 per diluted share in fiscal 2025, compared with $3.68 a year earlier.

When will PSEG report its next earnings?

PSEG is expected to report results for the quarter ending September 30, 2026 on November 2, 2026 before the market opens.

When does PSEG's fiscal year end?

PSEG's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.

Public Service Enterprise Group Incorporated (PEG) Income Statement

PEG 2025 at a glance

PEG revenue and net income

Where PEG's revenue goes

PEG profit margins

PEG growth rates

PEG quarterly EPS vs estimates

PEG income statement

PEG financial results

PEG income statement FAQ

Utilities - Regulated Electric income statements