PPL Corporation 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	9,042	8,462	8,312	7,902	5,783
Revenue Growth (YoY)	6.85%	1.80%	5.19%	36.64%	5.64%
Fuel & Purchased Power	2,747	2,462	2,574	2,617	1,462
Operations & Maintenance	2,431	2,502	2,331	2,398	1,571
Depreciation & Amortization	1,312	1,279	1,257	1,181	1,082
Other Operating Expenses	423	416	432	379	186
Total Operating Expenses	6,913	6,659	6,594	6,575	4,301
Operating Income	2,129	1,803	1,718	1,327	1,482
Interest Expense	-808	-738	-666	-513	-918
Interest Income	-	33	32	4	12
Net Interest Expense	-808	-705	-634	-509	-906
Allowance for Equity Funds for Construction	-	47	30	22	18
Other Non-Operating Income (Expenses)	151	79	62	74	5
EBT Excluding Unusual Items	1,472	1,224	1,176	914	599
Total Merger & Restructuring Charges	-	-59	-79	-	-
Asset Writedown	-	-21	-	-	-37
Legal Settlements	-	-2	-124	1	-41
Other Unusual Items	-	-26	-49	-	-
Pretax Income	1,472	1,116	924	915	521
Income Tax Expense	291	228	184	201	503
Earnings From Continuing Ops.	1,181	888	740	714	18
Earnings From Discontinued Ops.	-	-	-	42	-1,498
Net Income	1,181	888	740	756	-1,480
Preferred Dividends & Other Adjustments	-	2	1	1	-
Net Income to Common	1,181	886	739	755	-1,480
Net Income Growth	33.00%	20.00%	-2.12%	-	-
Shares Outstanding (Basic)	739	738	737	736	763
Shares Outstanding (Diluted)	743	740	738	737	765
Shares Change (YoY)	0.47%	0.23%	0.17%	-3.65%	-0.59%
EPS (Basic)	1.60	1.20	1.00	1.03	-1.94
EPS (Diluted)	1.59	1.20	1.00	1.02	-1.94
EPS Growth	32.50%	20.00%	-1.67%	-	-
Free Cash Flow	-1,401	-465	-632	-425	297
Free Cash Flow Per Share	-1.89	-0.63	-0.86	-0.58	0.39
Dividend Per Share	-	1.030	0.960	0.875	1.660
Dividend Growth	-	7.29%	9.71%	-47.29%	-
Profit Margin	13.06%	10.47%	8.89%	9.55%	-25.59%
Free Cash Flow Margin	-15.49%	-5.50%	-7.60%	-5.38%	5.14%
EBITDA	3,545	3,160	3,053	2,560	2,603
EBITDA Margin	39.21%	37.34%	36.73%	32.40%	45.01%
D&A For EBITDA	1,416	1,357	1,335	1,233	1,121
EBIT	2,129	1,803	1,718	1,327	1,482
EBIT Margin	23.55%	21.31%	20.67%	16.79%	25.63%
Effective Tax Rate	19.77%	20.43%	19.91%	21.97%	96.55%

Updated Feb 20, 2026. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q