PPL
PPL Corporation
NYSE: PPL · UTILITIES · UTILITIES - REGULATED ELECTRIC
$38.66
-0.85% today
Updated 2026-04-29
Market cap
$29.08B
P/E ratio
24.31
P/S ratio
3.22x
EPS (TTM)
$1.59
Dividend yield
2.80%
52W range
$32 – $40
Volume
8.5M
PPL Corporation (PPL) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.13B | $6.50B | $8.01B | $7.45B | $8.52B | $12.74B | $12.13B | $7.26B | $7.85B | $7.67B | $7.52B | $7.45B | $7.79B | $5.60B | $5.47B | $5.78B | $7.90B | $8.31B | $8.46B | $9.04B |
| Revenue growth (YoY) | — | +6.0% | +23.2% | -7.0% | +14.4% | +49.5% | -4.7% | -40.1% | +8.1% | -2.3% | -2.0% | -0.9% | +4.5% | -28.0% | -2.3% | +5.6% | +36.6% | +5.2% | +1.8% | +6.9% |
| Cost of revenue | $763.00M | $1.63B | $4.99B | $3.70B | $5.86B | $8.35B | $7.67B | $3.56B | $3.75B | $3.66B | $3.35B | $3.25B | $3.53B | $2.94B | $2.69B | $3.07B | $5.01B | $5.04B | $5.07B | $5.51B |
| Gross profit | $5.37B | $4.87B | $3.02B | $3.75B | $2.66B | $4.39B | $4.46B | $3.70B | $4.11B | $4.01B | $4.16B | $4.20B | $4.26B | $2.66B | $2.79B | $2.71B | $2.89B | $3.28B | $3.39B | $3.53B |
| Gross margin | 87.6% | 75.0% | 37.7% | 50.3% | 31.2% | 34.4% | 36.8% | 51.0% | 52.3% | 52.3% | 55.4% | 56.4% | 54.7% | 47.5% | 50.9% | 46.9% | 36.5% | 39.4% | 40.1% | 39.1% |
| R&D | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $112.00M | $112.00M | $167.00M | $257.00M | $8.00M | $2.00M | $21.00M | $47.00M | $40.00M | — | — |
| Operating income | $1.51B | $1.68B | $1.79B | $896.00M | $1.87B | $3.10B | $3.03B | $2.56B | $2.87B | $2.83B | $2.94B | $2.90B | $2.85B | $1.53B | $1.59B | $1.42B | $1.37B | $1.63B | $1.74B | $2.13B |
| Operating margin | 24.6% | 25.9% | 22.4% | 12.0% | 21.9% | 24.3% | 24.9% | 35.3% | 36.5% | 36.9% | 39.1% | 39.0% | 36.6% | 27.2% | 29.0% | 24.6% | 17.4% | 19.6% | 20.6% | 23.6% |
| EBITDA | $2.26B | $2.57B | $2.27B | $1.78B | $2.61B | $4.31B | $4.25B | $3.42B | $3.96B | $3.88B | $4.44B | $3.92B | $4.42B | $2.55B | $2.67B | $2.56B | $2.66B | $2.92B | $3.21B | $3.68B |
| EBITDA margin | 36.9% | 39.6% | 28.4% | 24.0% | 30.7% | 33.9% | 35.0% | 47.0% | 50.4% | 50.6% | 59.1% | 52.6% | 56.8% | 45.5% | 48.7% | 44.3% | 33.7% | 35.2% | 37.9% | 40.7% |
| EBIT | $1.51B | $1.68B | $1.81B | $925.00M | $1.83B | $3.10B | $2.96B | $2.51B | $2.97B | $2.94B | $3.44B | $2.81B | $3.25B | $1.54B | $1.59B | $1.44B | $1.43B | $1.59B | $1.85B | $2.28B |
| Interest expense | $482.00M | $474.00M | $455.00M | $387.00M | $593.00M | $898.00M | $951.00M | $778.00M | $843.00M | $871.00M | $888.00M | $901.00M | $963.00M | $621.00M | $634.00M | $918.00M | $513.00M | $666.00M | $738.00M | $808.00M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $827.00M | $1.31B | $930.00M | $407.00M | $938.00M | $1.50B | $1.53B | $1.13B | $1.74B | $682.00M | $1.90B | $1.13B | $1.83B | $1.75B | $1.47B | $-1.48B | $756.00M | $740.00M | $888.00M | $1.18B |
| Net income growth (YoY) | — | +57.9% | -28.8% | -56.2% | +130.5% | +59.4% | +2.1% | -26.0% | +53.7% | -60.7% | +178.9% | -40.7% | +62.0% | -4.4% | -15.9% | -200.7% | +151.1% | -2.1% | +20.0% | +33.0% |
| Profit margin | 13.5% | 20.1% | 11.6% | 5.5% | 11.0% | 11.7% | 12.6% | 15.6% | 22.1% | 8.9% | 25.3% | 15.1% | 23.5% | 31.2% | 26.8% | -25.6% | 9.6% | 8.9% | 10.5% | 13.1% |