PPL Corporation (PPLC) Income Statement
PPLC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPPLC revenue and net income
Where PPLC's revenue goes
2025Each bar shows an amount and its share of revenue. PPLC kept 13.1% of revenue as net income.
PPLC profit margins
PPLC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +6.9% | +4.6% | +10.6% | +1.7% |
| Gross profit | +13.9% | +10.2% | +6.7% | −0.4% |
| Operating income | +22.4% | +15.7% | +6.1% | −2.8% |
| Net income | +33.0% | +16.0% | −4.3% | +5.6% |
| EPS (diluted) | +31.7% | +15.7% | −3.7% | +4.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PPLC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.04B | $8.46B | $8.31B | $7.90B | $5.78B | $5.47B | $5.60B | $7.79B | $7.45B | $7.52B |
| Cost of revenue | $5.18B | $5.07B | $5.04B | $5.01B | $3.07B | $2.69B | $2.94B | $3.53B | $3.25B | $3.35B |
| Gross profit | $3.86B | $3.39B | $3.28B | $2.89B | $2.71B | $2.79B | $2.66B | $4.26B | $4.20B | $4.16B |
| Sales, general & admin | — | — | $40.0M | $47.0M | $21.0M | $2.0M | $8.0M | $257.0M | $167.0M | $112.0M |
| Total operating expenses | $1.74B | $1.65B | $1.65B | $1.51B | $1.29B | $1.20B | $1.14B | $1.41B | $1.30B | $1.23B |
| Operating income | $2.13B | $1.74B | $1.63B | $1.37B | $1.42B | $1.59B | $1.53B | $2.85B | $2.90B | $2.94B |
| Interest income | $20.0M | $33.0M | $32.0M | $4.0M | — | — | — | — | — | — |
| Interest expense | $808.0M | $738.0M | $666.0M | $513.0M | $918.0M | $634.0M | $621.0M | $963.0M | $901.0M | $888.0M |
| Income before taxes | $1.47B | $1.12B | $924.0M | $915.0M | $521.0M | $954.0M | $919.0M | $2.29B | $1.91B | $2.55B |
| Income taxes | $291.0M | $228.0M | $184.0M | $201.0M | $503.0M | $314.0M | $183.0M | $458.0M | $784.0M | $648.0M |
| Net income | $1.18B | $888.0M | $740.0M | $756.0M | −$1.48B | $1.47B | $1.75B | $1.83B | $1.13B | $1.90B |
| EBITDA | $3.70B | $3.21B | $2.92B | $2.66B | $2.56B | $2.67B | $2.55B | $4.42B | $3.92B | $4.44B |
| EPS (diluted) | $1.58 | $1.20 | $1.00 | $1.02 | −$1.98 | $1.91 | $2.31 | $2.51 | $1.63 | $2.79 |
| Gross margin | 42.7% | 40.1% | 39.4% | 36.5% | 46.9% | 50.9% | 47.5% | 54.7% | 56.4% | 55.4% |
| Operating margin | 23.5% | 20.6% | 19.6% | 17.4% | 24.6% | 29.0% | 27.2% | 36.6% | 39.0% | 39.1% |
| Net margin | 13.1% | 10.5% | 8.9% | 9.6% | −25.6% | 26.8% | 31.2% | 23.5% | 15.1% | 25.3% |
| 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 | $2.11B | $2.77B | $2.27B | $2.24B | $2.02B | $2.50B | $2.21B | $2.07B | $1.88B | $2.30B | $2.03B | $2.04B |
| Cost of revenue | $1.64B | $1.92B | $1.35B | $1.24B | $1.52B | $1.39B | $1.41B | $1.23B | $1.08B | $1.35B | $1.23B | $1.19B |
| Gross profit | $475.0M | $860.0M | $920.0M | $1.00B | $507.0M | $1.11B | $802.0M | $840.0M | $802.0M | $949.0M | $797.0M | $851.0M |
| Sales, general & admin | — | — | — | — | — | — | — | — | $15.0M | $8.0M | $10.0M | $13.0M |
| Total operating expenses | $3.54B | $122.0M | $444.0M | $431.0M | $101.0M | $435.0M | $425.0M | $412.0M | $412.0M | $404.0M | $407.0M | $414.0M |
| Operating income | $475.0M | $738.0M | $476.0M | $569.0M | $406.0M | $678.0M | $377.0M | $428.0M | $390.0M | $545.0M | $390.0M | $437.0M |
| Interest income | $9.0M | $9.0M | $7.0M | $6.0M | $2.0M | $5.0M | $8.0M | — | — | — | — | — |
| Interest expense | $232.0M | $223.0M | $209.0M | $210.0M | $198.0M | $190.0M | $189.0M | $188.0M | $182.0M | $179.0M | $172.0M | $165.0M |
| Income before taxes | $286.0M | $560.0M | $328.0M | $398.0M | $230.0M | $516.0M | $216.0M | $272.0M | $240.0M | $388.0M | $127.0M | $288.0M |
| Income taxes | $56.0M | $108.0M | $62.0M | $80.0M | $47.0M | $102.0M | $39.0M | $58.0M | $50.0M | $81.0M | $14.0M | $58.0M |
| Net income | $230.0M | $452.0M | $266.0M | $318.0M | $183.0M | $414.0M | $177.0M | $214.0M | $190.0M | $307.0M | $113.0M | $230.0M |
| EBITDA | $907.0M | $1.17B | $903.0M | $963.0M | $783.0M | $1.05B | $744.0M | $796.0M | $764.0M | $907.0M | $633.0M | $789.0M |
| Gross margin | 22.5% | 31.0% | 40.5% | 44.7% | 25.0% | 44.4% | 36.3% | 40.7% | 42.6% | 41.2% | 39.2% | 41.7% |
| Operating margin | 22.5% | 26.6% | 20.9% | 25.4% | 20.0% | 27.1% | 17.1% | 20.7% | 20.7% | 23.7% | 19.2% | 21.4% |
| Net margin | 10.9% | 16.3% | 11.7% | 14.2% | 9.0% | 16.5% | 8.0% | 10.4% | 10.1% | 13.3% | 5.6% | 11.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PPLC's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PPLC financial results
In fiscal year 2025 (ended December 31, 2025), PPL reported revenue of $9.0 billion, up 6.9% from the year before. It had net income of $1.2 billion (up 33.0%), a net profit margin of 13.1%. Diluted earnings per share came to $1.58. Over five years revenue grew at an average rate of 10.6% a year.
See the PPLC stock overview for the latest quote and news, or the PPLC chart for price history and technical indicators.
PPLC income statement FAQ
What is PPL's annual revenue?
PPL reported total revenue of $9.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 6.9% from $8.5 billion the previous year.
Is PPL profitable?
Yes. PPL reported net income of $1.2 billion in fiscal 2025, a net profit margin of 13.1%; its operating margin was 23.5%.
What is PPL's gross margin?
PPL's gross margin was 42.7% in fiscal 2025: for every $100 of revenue, PPL kept $43 after the direct cost of its products and services.
How fast is PPL growing?
Revenue grew 10.6% a year on average over the last five fiscal years, from $5.5 billion to $9.0 billion.
What are PPL's earnings per share?
PPL earned $1.58 per diluted share in fiscal 2025, compared with $1.20 a year earlier.
When does PPL's fiscal year end?
PPL's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.
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