PPL Corp (PPL) Financial Statements
Industry: Electric Services
In fiscal 2025, PPL reported revenue of $9.04B, up 6.9% from $8.46B the year before. Net income was $1.18B (a 13.1% net margin), or $1.59 per diluted share. Gross margin was 100.0% and operating margin was 23.5%. Operating activities generated $2.63B of cash, leaving -$1.40B of free cash flow. At fiscal year end, PPL held $45.24B in total assets against $30.36B in total liabilities, including $1.07B of cash and equivalents.
Open the full interactive PPL financials → Quarterly statements, key ratios, valuation history and price charts.
PPL Key Stats
| Share Price | $34.63 |
|---|---|
| Market Cap | $26.22B |
| P/E Ratio | 21.8 |
| Revenue YoY Growth | +6.9% |
| 52-Week Range | $31.97 – $39.17 |
| Shares Outstanding | 752.4 million (basic, 2026 Q2) |
PPL Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $7.61B | $5.78B | $7.90B | $8.31B | $8.46B | $9.04B |
| Cost of Goods Sold | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $7.61B | $5.78B | $7.90B | $8.31B | $8.46B | $9.04B |
| Operating Income | $2.80B | $1.42B | $1.37B | $1.63B | $1.74B | $2.13B |
| Pre-Tax Income | $1.97B | $521.0M | $915.0M | $924.0M | $1.12B | $1.47B |
| Income Tax | $502.0M | $503.0M | $201.0M | $184.0M | $228.0M | $291.0M |
| Net Income | $1.47B | -$1.48B | $756.0M | $740.0M | $888.0M | $1.18B |
| Diluted EPS | $1.91 | -$1.93 | $1.02 | $1.00 | $1.20 | $1.59 |
PPL Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $2.24B | $2.27B | $2.77B | $2.11B |
| Net Income | $318.0M | $266.0M | $452.0M | $230.0M |
| Diluted EPS | $0.43 | $0.36 | $0.60 | $0.30 |
PPL Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $708.0M | $3.57B | $356.0M | $331.0M | $306.0M | $1.07B |
| Current Assets | $2.77B | $5.01B | $2.82B | $2.93B | $2.88B | $3.93B |
| Total Assets | $48.12B | $33.22B | $37.84B | $39.24B | $41.07B | $45.24B |
| Current Liabilities | $5.98B | $2.32B | $3.79B | $3.34B | $3.33B | $4.55B |
| Total Long-Term Debt | $23.13B | $11.14B | $13.24B | $14.61B | $16.50B | $18.89B |
| Total Liabilities | $34.74B | $19.50B | $23.92B | $25.30B | $26.99B | $30.36B |
| Shareholders' Equity | $13.37B | $13.72B | $13.91B | $13.93B | $14.08B | $14.88B |
PPL Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $2.75B | $2.27B | $1.73B | $1.76B | $2.34B | $2.63B |
| Cash From Investing | -$3.26B | $7.96B | -$5.65B | -$2.38B | -$2.82B | -$4.00B |
| Cash From Financing | $386.0M | -$7.39B | $709.0M | $650.0M | $435.0M | $2.12B |
| Free Cash Flow | -$503.0M | $297.0M | -$425.0M | -$632.0M | -$465.0M | -$1.40B |
Figures from PPL's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full PPL financials page for every line item.
PPL Company Profile
| Ticker | PPL |
|---|---|
| Exchange | NYSE |
| Industry | Electric Services |
| Headquarters | Allentown, Pennsylvania |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000922224 |
Frequently Asked Questions
What was PPL's revenue in fiscal 2025?
PPL (PPL) reported revenue of $9.04B for fiscal 2025.
What is PPL's annual revenue history?
PPL's annual revenue by fiscal year: 2020: $7.61B; 2021: $5.78B; 2022: $7.90B; 2023: $8.31B; 2024: $8.46B; 2025: $9.04B.
What was PPL's net income in fiscal 2025?
PPL reported net income of $1.18B for fiscal 2025.
What was PPL's earnings per share (EPS) in fiscal 2025?
PPL's diluted EPS was $1.59 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did PPL generate in fiscal 2025?
PPL generated -$1.40B of free cash flow in fiscal 2025.
What was PPL's revenue last quarter?
In its most recent reported quarter (2026 Q2), PPL reported revenue of $2.11B.
How much debt does PPL have?
PPL reported $18.89B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of PPL are outstanding?
PPL reported a weighted average of 752.4 million basic shares outstanding in 2026 Q2.
What is PPL's market cap?
Based on its latest closing price, PPL (PPL) has a market capitalization of about $26.22B.
When does PPL's fiscal year end?
PPL's fiscal year end, as registered with the SEC, is December 31.
Where is PPL headquartered?
PPL lists its business address in Allentown, Pennsylvania in its SEC filings.