The Southern Company (SO) Income Statement
SO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSO revenue and net income
Where SO's revenue goes
2025Each bar shows an amount and its share of revenue. SO kept 14.7% of revenue as net income.
SO profit margins
SO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +10.6% | +0.3% | +7.7% | +5.4% |
| Gross profit | −34.0% | −6.1% | −2.3% | +1.4% |
| Operating income | +2.9% | +10.6% | +8.3% | +5.4% |
| Net income | −1.4% | +7.1% | +6.7% | +6.0% |
| EPS (diluted) | +5.9% | +6.0% | +5.8% | +4.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SO quarterly EPS vs estimates
Southern Company beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $1.70).
SO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.55B | $26.72B | $25.25B | $29.28B | $23.11B | $20.38B | $21.42B | $23.50B | $23.03B | $19.90B |
| Cost of revenue | $20.74B | $13.38B | $13.54B | $18.65B | $12.87B | $10.48B | $11.82B | $13.88B | $13.12B | $11.37B |
| Gross profit | $8.81B | $13.34B | $11.71B | $10.63B | $10.25B | $9.90B | $9.60B | $9.62B | $9.91B | $8.53B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | — | — | $1.41B | $1.29B | $1.23B | $3.80B | $1.61B | $1.25B | $235.0M |
| Total operating expenses | $1.54B | $6.27B | $5.88B | $5.26B | $6.55B | $5.01B | $1.87B | $5.42B | $7.58B | $4.04B |
| Operating income | $7.27B | $7.07B | $5.83B | $5.37B | $3.70B | $4.88B | $7.74B | $4.19B | $2.33B | $4.49B |
| Interest income | $3.13B | $2.60B | $2.30B | $1.87B | $1.76B | $1.67B | $1.57B | $1.69B | $1.59B | $1.26B |
| Interest expense | $3.31B | $2.74B | $2.45B | $2.02B | $1.84B | $1.82B | $1.74B | $1.84B | $1.69B | $1.32B |
| Income before taxes | $5.00B | $5.23B | $4.34B | $4.22B | $2.58B | $3.50B | $6.54B | $2.75B | $1.07B | $3.48B |
| Income taxes | $828.0M | $969.0M | $496.0M | $795.0M | $267.0M | $393.0M | $1.80B | $449.0M | $142.0M | $951.0M |
| Net income | $4.34B | $4.40B | $3.98B | $3.54B | $2.41B | $3.13B | $4.75B | $2.24B | $880.0M | $2.49B |
| EBITDA | $14.33B | $13.24B | $11.78B | $10.31B | $8.39B | $9.22B | $11.61B | $8.14B | $6.22B | $7.72B |
| EPS (diluted) | $4.30 | $4.06 | $3.64 | $3.61 | $3.41 | $3.25 | $3.11 | $3.07 | $3.01 | $2.84 |
| Gross margin | 29.8% | 49.9% | 46.4% | 36.3% | 44.3% | 48.6% | 44.8% | 40.9% | 43.1% | 42.9% |
| Operating margin | 24.6% | 26.4% | 23.1% | 18.3% | 16.0% | 24.0% | 36.1% | 17.8% | 10.1% | 22.5% |
| Net margin | 14.7% | 16.5% | 15.7% | 12.1% | 10.4% | 15.4% | 22.2% | 9.5% | 3.8% | 12.5% |
| 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 | $6.98B | $8.40B | $6.98B | $7.82B | $6.97B | $7.78B | $6.34B | $7.27B | $6.46B | $6.65B | $6.04B | $6.98B |
| Cost of revenue | $3.40B | $4.50B | $5.67B | $3.52B | $3.48B | $4.03B | $3.68B | $3.32B | $2.98B | $3.40B | $3.56B | $3.23B |
| Gross profit | $3.58B | $3.90B | $1.31B | $4.30B | $3.49B | $3.74B | $2.66B | $3.95B | $3.48B | $3.24B | $2.49B | $3.75B |
| Total operating expenses | $1.80B | $1.88B | $402.0M | $1.71B | $1.73B | $1.73B | $1.60B | $1.58B | $1.54B | $1.54B | $1.28B | $1.64B |
| Operating income | $1.78B | $2.02B | $911.0M | $2.59B | $1.76B | $2.01B | $1.06B | $2.37B | $1.94B | $1.70B | $1.21B | $2.11B |
| Interest income | — | — | $859.0M | $722.0M | $864.0M | $682.0M | $661.0M | $661.0M | — | — | — | $588.0M |
| Interest expense | $796.0M | $778.0M | $962.0M | $755.0M | $874.0M | $714.0M | $693.0M | $692.0M | $694.0M | $665.0M | $634.0M | $620.0M |
| Income before taxes | $1.38B | $1.57B | $196.0M | $2.11B | $1.14B | $1.55B | $545.0M | $1.91B | $1.48B | $1.29B | $800.0M | $1.73B |
| Income taxes | $201.0M | $228.0M | −$145.0M | $400.0M | $289.0M | $280.0M | $79.0M | $377.0M | $290.0M | $223.0M | $4.0M | $297.0M |
| Net income | $1.17B | $1.36B | $416.0M | $1.71B | $880.0M | $1.33B | $534.0M | $1.53B | $1.20B | $1.13B | $855.0M | $1.42B |
| EBITDA | $3.37B | $3.92B | $2.76B | $4.43B | $3.46B | $3.67B | $2.59B | $3.95B | $3.48B | $3.22B | $2.72B | $3.61B |
| EPS (diluted) | $1.13 | $1.32 | $0.55 | $1.60 | $0.92 | $1.23 | $0.50 | $1.43 | $1.10 | $1.03 | $0.64 | $1.42 |
| Gross margin | 51.3% | 46.5% | 18.8% | 55.0% | 50.1% | 48.1% | 42.0% | 54.3% | 53.9% | 48.8% | 41.2% | 53.8% |
| Operating margin | 25.5% | 24.0% | 13.0% | 33.2% | 25.3% | 25.9% | 16.7% | 32.6% | 30.0% | 25.6% | 20.0% | 30.2% |
| Net margin | 16.8% | 16.1% | 6.0% | 21.9% | 12.6% | 17.2% | 8.4% | 21.1% | 18.6% | 17.0% | 14.1% | 20.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SO's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SO financial results
In fiscal year 2025 (ended December 31, 2025), Southern Company reported revenue of $29.6 billion, up 10.6% from the year before. It had net income of $4.3 billion (down 1.4%), a net profit margin of 14.7%. Diluted earnings per share came to $4.30. Over five years revenue grew at an average rate of 7.7% a year.
See the SO stock overview for the latest quote and news, or the SO chart for price history and technical indicators.
SO income statement FAQ
What is Southern Company's annual revenue?
Southern Company reported total revenue of $29.6 billion for fiscal year 2025, which ended on December 31, 2025. That was up 10.6% from $26.7 billion the previous year.
Is Southern Company profitable?
Yes. Southern Company reported net income of $4.3 billion in fiscal 2025, a net profit margin of 14.7%; its operating margin was 24.6%.
What is Southern Company's gross margin?
Southern Company's gross margin was 29.8% in fiscal 2025: for every $100 of revenue, Southern Company kept $30 after the direct cost of its products and services.
How fast is Southern Company growing?
Revenue grew 7.7% a year on average over the last five fiscal years, from $20.4 billion to $29.6 billion.
What are Southern Company's earnings per share?
Southern Company earned $4.30 per diluted share in fiscal 2025, compared with $4.06 a year earlier.
When will Southern Company report its next earnings?
Southern Company is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Southern Company's fiscal year end?
Southern Company'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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