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PPL Corporation (PPL) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

UTILITIES · Electric Utilities · DATA UPDATED 2026-09-19

PPL Corporation (PPL) operates in the Electric Utilities industry and is headquartered in Allentown, United States with about 6,546 employees. Its market capitalization is roughly $25 billion. In the fiscal year ended 2025-12-31, PPL reported $9.0B in revenue and $1.2B in net income.

PPL Corporation provides electricity and natural gas to approximately 3.6 million customers in the United States. It operates in three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated.

Interactive charts & full statements → Open the PPL valuation workbench →

PPL Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$9.4B	$9.0B	$8.5B	$8.3B	$7.9B	$5.8B	$5.5B	$5.6B	$7.8B	$7.4B	$7.5B	$7.7B	$7.9B	$7.3B	$12.1B	$12.7B	$8.5B	$7.4B	$8.0B	$6.5B	$6.1B
Gross Profit	—	$3.9B	$3.4B	$3.3B	$2.9B	$2.7B	$2.8B	$2.7B	$4.3B	$4.2B	$4.2B	$4.0B	$4.1B	$3.7B	$4.5B	$4.4B	$2.7B	$3.7B	$3.0B	$4.9B	$5.4B
Gross Margin %	—	42.7%	40.1%	39.4%	36.5%	46.9%	50.9%	47.5%	54.7%	56.4%	55.4%	52.3%	52.3%	51.0%	36.8%	34.4%	31.2%	50.3%	37.7%	75.0%	87.6%
Operating Income (EBIT)	$2.3B	$2.1B	$1.7B	$1.6B	$1.4B	$1.4B	$1.6B	$1.5B	$2.9B	$2.9B	$2.9B	$2.8B	$2.9B	$2.6B	$3.0B	$3.1B	$1.9B	$896M	$1.8B	$1.7B	$1.5B
Operating Margin %	24.0%	23.5%	20.6%	19.6%	17.4%	24.6%	29.0%	27.2%	36.6%	39.0%	39.1%	36.9%	36.5%	35.3%	24.9%	24.3%	21.9%	12.0%	22.4%	25.9%	24.6%
Net Income	$1.3B	$1.2B	$888M	$740M	$756M	($1.5B)	$1.5B	$1.7B	$1.8B	$1.1B	$1.9B	$682M	$1.7B	$1.1B	$1.5B	$1.5B	$938M	$407M	$930M	$1.3B	$827M
Net Margin %	13.5%	13.1%	10.5%	8.9%	9.6%	-25.6%	26.8%	31.2%	23.5%	15.2%	25.3%	8.9%	22.1%	15.6%	12.6%	11.7%	11.0%	5.5%	11.6%	20.1%	13.5%
EBITDA	—	$3.7B	$3.2B	$2.9B	$2.7B	$2.6B	$2.7B	$2.5B	$4.4B	$3.9B	$4.4B	$3.9B	$4.0B	$3.4B	$4.2B	$4.3B	$2.6B	$1.8B	$2.3B	$2.6B	$2.3B
Earnings Per Share (EPS)	$1.69	$1.59	$1.20	$1.00	$1.03	$-1.94	$1.91	$2.37	$2.58	$1.64	$2.80	$1.01	$2.61	$1.70	$2.62	$2.71	$2.17	$1.08	$2.48	$3.40	$2.28
Shares Outstanding (M)	—	743M	740M	738M	737M	765M	769M	737M	709M	687M	680M	673M	666M	663M	582M	551M	432M	376M	375M	384M	363M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PPL Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$2.1B	$2.8B	$2.3B	$2.2B	$2.0B	$2.5B	$2.2B	$2.1B	$1.9B
Gross Profit	—	$860M	$920M	$1.0B	$507M	$1.1B	$802M	$840M	$802M
Gross Margin %	—	31.0%	40.5%	44.7%	25.0%	44.5%	36.3%	40.7%	42.6%
Operating Income (EBIT)	$475M	$738M	$476M	$569M	$406M	$678M	$377M	$428M	$390M
Operating Margin %	22.5%	26.6%	20.9%	25.4%	20.1%	27.1%	17.1%	20.7%	20.7%
Net Income	$230M	$452M	$266M	$318M	$183M	$414M	$177M	$214M	$190M
Net Margin %	10.9%	16.3%	11.7%	14.2%	9.0%	16.5%	8.0%	10.4%	10.1%
EBITDA	—	$1.2B	$903M	$963M	$783M	$1.0B	$744M	$796M	$764M
Earnings Per Share (EPS)	$0.30	$0.60	$0.36	$0.43	$0.25	$0.56	$0.24	$0.29	$0.26
Shares Outstanding (M)	—	757M	745M	744M	743M	741M	741M	740M	740M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PPL Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$2.7B	$2.6B	$2.3B	$1.8B	$1.7B	$2.3B	$2.7B	$2.4B	$2.8B	$2.5B	$2.9B	$2.6B	$3.4B	$2.9B	$2.7B	$2.5B	$2.0B	$1.9B	$1.6B	$1.6B	$1.8B
Capital Expenditures (CapEx)	$4.6B	$4.0B	$2.8B	$2.4B	$2.2B	$2.0B	$3.2B	$3.1B	$3.2B	$3.1B	$2.9B	$3.5B	$3.7B	$4.2B	$3.1B	$2.5B	$1.6B	$1.2B	$1.4B	$1.7B	$1.4B
Free Cash Flow (FCF)	($2.0B)	($1.4B)	($465M)	($632M)	($425M)	$297M	($503M)	($656M)	($417M)	($672M)	($30M)	($956M)	($271M)	($1.4B)	($389M)	$20M	$437M	$627M	$171M	($114M)	$364M
FCF Margin %	-21.2%	-15.5%	-5.5%	-7.6%	-5.4%	5.1%	-9.2%	-11.7%	-5.4%	-9.0%	-0.4%	-12.5%	-3.5%	-18.7%	-3.2%	0.2%	5.1%	8.4%	2.1%	-1.8%	5.9%
Dividends Paid	—	$794M	$747M	$704M	$787M	$1.3B	$1.3B	$1.2B	$1.1B	$1.1B	$1.0B	$1.0B	$967M	$878M	$833M	$746M	$566M	$517M	$491M	$459M	$409M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PPL Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$583M	$557M	$548M	$966M	$602M	$513M	$511M	$781M	$766M
Capital Expenditures (CapEx)	$1.3B	$1.1B	$1.2B	$1.1B	$930M	$793M	$860M	$679M	$670M
Free Cash Flow (FCF)	($698M)	($501M)	($614M)	($179M)	($328M)	($280M)	($349M)	$102M	$96M
FCF Margin %	-33.1%	-18.1%	-27.0%	-8.0%	-16.2%	-11.2%	-15.8%	4.9%	5.1%
Dividends Paid	—	$202M	$201M	$201M	$202M	$190M	$190M	$190M	$190M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

PPL Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$46.3B	$45.2B	$41.1B	$39.2B	$37.8B	$33.2B	$48.1B	$45.7B	$43.4B	$41.5B	$38.3B	$39.3B	$48.9B	$46.3B	$43.6B	$42.6B	$32.8B	$22.2B	$21.4B	$20.0B	$19.7B
Cash & Cash Equivalents	$332M	$1.1B	$306M	$331M	$356M	$3.6B	$442M	$815M	$621M	$485M	$341M	$836M	$1.4B	$1.1B	$901M	$1.2B	$925M	$801M	$1.1B	$633M	$794M
Total Liabilities	$31.3B	$30.4B	$27.0B	$25.3B	$23.9B	$19.5B	$34.7B	$32.7B	$31.7B	$30.7B	$28.4B	$29.4B	$35.2B	$33.8B	$33.1B	$31.6B	$24.4B	$16.4B	$16.3B	$14.4B	$14.6B
Total Debt (Short + Long-Term)	$20.3B	$19.4B	$16.8B	$15.6B	$14.2B	$11.2B	$23.8B	$23.0B	$22.0B	$21.3B	$19.2B	$20.0B	$20.7B	$21.6B	$20.1B	$18.6B	$13.4B	$7.8B	$8.5B	$7.7B	$7.9B
Total Shareholders' Equity	$15.0B	$14.9B	$14.1B	$13.9B	$13.9B	$13.7B	$13.4B	$13.0B	$11.7B	$10.8B	$9.9B	$9.9B	$13.6B	$12.5B	$10.5B	$10.8B	$8.2B	$5.5B	$5.1B	$5.6B	$5.1B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive PPL viewer.

PPL Metric Deep Dives

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