PPL Corporation financials

Key figures from PPL Corporation's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricMar 2026Mar 2025Change
Revenue$2.8B$2.5B+9.4%
Net income$452M$414M+9.2%
Free cash flow-$501M-$280M-78.9%
Gross margin
Operating margin26.8%26.6%+0.1 pts
Net margin16.2%16.3%-0.0 pts

Quarterly trend

Revenue by quarter
$1.8BJun 2023$2.0BSep 2023$2.0BDec 2023*$2.3BMar 2024$1.9BJun 2024$2.1BSep 2024$2.2BDec 2024*$2.5BMar 2025$2.0BJun 2025$2.2BSep 2025$2.3BDec 2025*$2.8BMar 2026
Net income by quarter
$112MJun 2023$230MSep 2023$113MDec 2023*$307MMar 2024$190MJun 2024$214MSep 2024$177MDec 2024*$414MMar 2025$183MJun 2025$318MSep 2025$266MDec 2025*$452MMar 2026
Free cash flow by quarter
-$179MJun 2023$155MSep 2023-$539MDec 2023*-$314MMar 2024$96MJun 2024$102MSep 2024-$349MDec 2024*-$280MMar 2025-$328MJun 2025-$179MSep 2025-$614MDec 2025*-$501MMar 2026
Margins by quarter
3%16%30%Jun 2023Sep 2023Dec 2023*Mar 2024Jun 2024Sep 2024Dec 2024*Mar 2025Jun 2025Sep 2025Dec 2025*Mar 202616.7%21.4%19.7%23.7%20.8%20.6%17.2%26.6%19.9%25.4%20.3%26.8%6.2%11.3%5.7%13.3%10.1%10.3%8.1%16.3%9.0%14.2%11.3%16.2%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Dec 2025$9.2B$1.2B12.9%-$1.4B$1.59
FY Dec 2024$8.4B$888M10.5%-$465M$1.20
FY Dec 2023$8.3B$740M8.9%-$632M$1.00
FY Dec 2022$7.8B$756M9.7%-$425M$1.02
FY Dec 2021$5.8B-$1.5B-25.4%$297M-$1.93

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.