Duke Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	32,237	30,357	29,060	28,768	24,621
Revenue Growth (YoY)	6.19%	4.46%	1.01%	16.84%	5.37%
Fuel and Purchased Power Expense	9,041	9,771	9,679	10,058	6,960
Operations and Maintenance Expenses	6,698	5,389	5,625	5,734	5,703
Gross Profit	16,498	15,197	13,756	12,976	11,958
Depreciation & Amortization Expenses	6,324	5,793	5,253	5,086	4,762
Taxes Other than Income Tax	1,597	1,466	1,400	1,466	1,355
Net Gains on Disposal of Operating Assets	45	26	52	22	12
Other Operating Expenses	-4	38	85	434	353
Operating Income	8,626	7,926	7,070	6,012	5,500
Interest Income	51	-9	113	113	62
Interest Expense	-3,634	-3,384	-3,014	-2,439	-2,207
Other Non-Operating Income (Expense)	669	661	598	392	636
Total Non-Operating Income (Expense)	-2,914	-2,732	-2,303	-1,934	-1,509
Pretax Income	5,712	5,194	4,767	4,078	3,991
Provision for Income Taxes	642	590	438	300	268
Net Income	9,880	8,926	5,576	4,994	7,710
Minority Interest in Earnings	103	90	33	-95	-329
Net Income Attributable to Preferred Dividends	56	122	106	106	106
Earnings From Discontinued Operations	1	10	-1,455	-1,323	-144
Net Income to Common	9,880	8,926	5,576	4,994	7,710
Net Income Growth	10.69%	60.08%	11.65%	-35.23%	191.27%
Shares Outstanding (Basic)	777	772	771	770	769
Shares Outstanding (Diluted)	777	772	771	770	769
Shares Change (YoY)	0.65%	0.13%	0.13%	0.13%	4.20%
EPS (Basic)	6.31	5.71	3.54	3.17	4.68
EPS (Diluted)	6.31	5.71	3.54	3.17	4.68
EPS Growth	10.51%	61.30%	11.67%	-32.27%	172.09%
Free Cash Flow	-1,694	48	-2,726	-5,440	-1,425
Free Cash Flow Per Share	-2.18	0.06	-3.54	-7.06	-1.85
Dividends Per Share	4.220	4.140	4.060	3.980	3.900
Dividend Growth	1.93%	1.97%	2.01%	2.05%	2.09%
Gross Margin	51.18%	50.06%	47.34%	45.11%	48.57%
Operating Margin	26.76%	26.11%	24.33%	20.90%	22.34%
Profit Margin	31.46%	30.37%	24.79%	21.67%	29.66%
FCF Margin	-5.25%	0.16%	-9.38%	-18.91%	-5.79%
EBITDA	16,330	14,345	13,154	11,855	11,163
EBITDA Margin	50.66%	47.25%	45.26%	41.21%	45.34%
EBIT	8,626	7,926	7,070	6,012	5,500
EBIT Margin	26.76%	26.11%	24.33%	20.90%	22.34%
Effective Tax Rate	11.24%	11.36%	9.19%	7.36%	6.72%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.