PPL Corporation (PPL)

PPL Income Statement

Revenue, expenses, and profitability analysis

PPL Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	9.313B	2.775B	2.274B	2.239B	2.025B	2.504B	2.211B	2.066B	1.881B
Cost of Goods Sold	6.035B	1.915B	1.687B	1.239B	1.194B	1.391B	1.409B	1.226B	1.079B
Gross Profit	3.278B	860.000M	587.000M	1.000B	831.000M	1.113B	802.000M	840.000M	802.000M
Gross Profit Margin	31.0%	31.0%	25.8%	44.7%	41.0%	44.4%	36.3%	40.7%	42.6%
Total Operating Expenses	1.087B	122.000M	109.000M	431.000M	425.000M	435.000M	425.000M	412.000M	412.000M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-15.000M
Operating Income (EBIT)	2.191B	738.000M	478.000M	569.000M	406.000M	678.000M	377.000M	428.000M	390.000M
Operating Margin	26.6%	26.6%	21.0%	25.4%	20.0%	27.1%	17.1%	20.7%	20.7%
Income Before Tax (EBT)	1.516B	560.000M	328.000M	398.000M	230.000M	516.000M	216.000M	272.000M	240.000M
Interest Income	24.000M	9.000M	7.000M	6.000M	2.000M	5.000M	8.000M	10.000M	6.000M
Interest Expense	841.000M	223.000M	209.000M	210.000M	199.000M	190.000M	189.000M	188.000M	182.000M
Other Income/Expense	-675.000M	-178.000M	-150.000M	-171.000M	-176.000M	-162.000M	-161.000M	-156.000M	-150.000M
Net Income	1.219B	452.000M	266.000M	318.000M	183.000M	414.000M	177.000M	214.000M	190.000M
Income Tax Expense	297.000M	108.000M	62.000M	80.000M	47.000M	102.000M	39.000M	58.000M	50.000M
Net Profit Margin	16.3%	16.3%	11.7%	14.2%	9.0%	16.5%	8.0%	10.4%	10.1%
EBITDA	3.810B	1.174B	905.000M	949.000M	782.000M	1.048B	744.000M	796.000M	764.000M
EBITDA Margin	42.3%	42.3%	39.8%	42.4%	38.6%	41.9%	33.6%	38.5%	40.6%
Depreciation & Amortization	1.453B	391.000M	368.000M	341.000M	353.000M	342.000M	339.000M	336.000M	342.000M
EPS Basic	1.64	0.60	0.36	0.43	0.25	0.56	0.24	0.29	0.26
EPS Diluted	1.64	0.60	0.36	0.43	0.25	0.56	0.24	0.29	0.26
Shares Outstanding	751.764M	751.764M	740.113M	739.525M	739.276M	738.691M	737.989M	737.773M	737.748M
Diluted Shares Outstanding	757.158M	757.158M	745.143M	744.290M	742.541M	741.400M	741.063M	739.965M	739.563M

PPL Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	9.042B	8.462B	8.312B	7.902B	5.783B	5.474B	5.602B	7.785B
Cost of Goods Sold	5.511B	5.069B	5.036B	5.015B	3.070B	2.686B	2.941B	3.527B
Gross Profit	3.531B	3.393B	3.276B	2.887B	2.713B	2.788B	2.661B	4.258B
Gross Profit Margin	39.1%	40.1%	39.4%	36.5%	46.9%	50.9%	47.5%	54.7%
Total Operating Expenses	1.400B	1.653B	1.646B	1.513B	1.289B	1.202B	1.135B	1.406B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	-40.000M	-47.000M	-21.000M	2.000M	-8.000M	-257.000M
Operating Income (EBIT)	2.131B	1.740B	1.630B	1.374B	1.424B	1.586B	1.526B	2.852B
Operating Margin	23.6%	20.6%	19.6%	17.4%	24.6%	29.0%	27.2%	36.6%
Income Before Tax (EBT)	1.472B	1.116B	924.000M	915.000M	521.000M	954.000M	919.000M	2.285B
Interest Income	20.000M	33.000M	32.000M	4.000M	12.000M	9.000M	15.000M	6.000M
Interest Expense	808.000M	738.000M	666.000M	513.000M	918.000M	634.000M	621.000M	963.000M
Other Income/Expense	-659.000M	-624.000M	-706.000M	-459.000M	-903.000M	-632.000M	-607.000M	-567.000M
Net Income	1.181B	888.000M	740.000M	756.000M	-1.480B	1.469B	1.746B	1.827B
Income Tax Expense	291.000M	228.000M	184.000M	201.000M	503.000M	314.000M	183.000M	458.000M
Net Profit Margin	13.1%	10.5%	8.9%	9.6%	-25.6%	26.8%	31.2%	23.5%
EBITDA	3.684B	3.211B	2.925B	2.661B	2.560B	2.668B	2.547B	4.420B
EBITDA Margin	40.7%	37.9%	35.2%	33.7%	44.3%	48.7%	45.5%	56.8%
Depreciation & Amortization	1.404B	1.357B	1.335B	1.233B	1.121B	1.080B	1.007B	1.172B
EPS Basic	1.60	1.20	1.00	1.02	-1.93	1.91	2.39	2.59
EPS Diluted	1.60	1.20	1.00	1.02	-1.93	1.91	2.37	2.58
Shares Outstanding	740.113M	737.756M	737.036M	736.027M	762.902M	768.590M	728.512M	704.439M
Diluted Shares Outstanding	745.143M	739.853M	738.166M	736.902M	764.819M	769.384M	736.754M	708.619M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About PPL Corporation

PPL Corporation functions as a utility holding company, primarily engaged in the distribution of electricity and natural gas throughout both the United States and the United Kingdom. Its operational footprint in the U.S. is segmented into two regulated divisions: one in Kentucky and another in Pennsylvania. In Kentucky, the company supplies electricity to approximately 429,000 customers and natural gas to about 333,000 in the Louisville region and surrounding areas. It also serves an additional 538,000 electric customers across central, southeastern, and western parts of the state. Furthermore, PPL reaches around 28,000 electric customers in five counties located in southwestern Virginia. Its most significant customer base is in Pennsylvania, where it provides electric services to roughly 1.4 million individuals. Beyond mere delivery, PPL is also involved in electricity generation within Kentucky, utilizing a mix of sources including coal, natural gas, hydro, and solar power. The company also sells wholesale electricity to two municipalities in Kentucky. PPL Corporation was established in 1920 and its main office is situated in Allentown, Pennsylvania.

Allentown, PA

6,653 employees

www.pplweb.com

Utilities / Regulated Electric

Sector: Utilities
Industry: Regulated Electric
CEO: Vincent Sorgi

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