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PPL Corporation (PPL)
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PPL Corporation Income Statement 2025-2006 | PPL
Brief overview of financial results at PPL Corporation
The overview follows changes across a five-year period. PPL Corporation reported revenue of $5.5 billion in 2020 and $9 billion by 2025. Across the full period, sales moved by +65.2%; the average annual rate was 10.6%. The company expanded its sales base at a healthy rate.
EBITDA was 2.6 billion dollars at the beginning and 3.4 billion dollars at the end of the period (+31.9%). Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin was 47.6% at the start and 38.1% at the end. The margin contraction indicates weaker operating efficiency.
The net result moved from 1.5 billion dollars to 1.2 billion dollars, or −19.6%. The decline reduces the quality of the financial trajectory.
Market capitalization changed from 18.7 billion dollars to 27.6 billion dollars (+47.4%). The share-price trend moved ahead of the financial performance.
Financial takeaway
The results present an uneven picture without one dominant signal. The strongest signals are sales growth. The most visible risks are a declining EBITDA margin and lower net income. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement PPL Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
27.6 B | 25.5 B | 19.6 B | 21.3 B | 19.7 B | 18.7 B | 26.6 B | 21.7 B | 21.5 B | 23.3 B | 23.5 B | 21.6 B | 17.2 B | 16.1 B | 14.1 B | 10.2 B | 12 B | 17.5 B | 16.3 B | - |
Shares |
739 M | 738 M | 737 M | 736 M | 763 M | 769 M | 729 M | 704 M | 685 M | 678 M | 670 M | 654 M | 609 M | 580 M | 550 M | 431 M | 376 M | 374 M | 381 M | - |
Historical Prices |
37.4 | 34.6 | 26.6 | 29 | 25.8 | 24.4 | 26.5 | 26.9 | 22.7 | 28 | 25.4 | 22 | 19.9 | 18.1 | 16 | 23.5 | 32 | 46.9 | 42.9 | 28.4 |
Net Income |
1.18 B | 888 M | 740 M | 756 M | -1.48 B | 1.47 B | 1.75 B | 1.83 B | 1.13 B | 1.9 B | 682 M | 1.74 B | 1.13 B | 1.53 B | 1.5 B | 938 M | 407 M | 930 M | 1.29 B | - |
Revenue |
9.04 B | 8.46 B | 8.31 B | 7.9 B | 5.78 B | 5.47 B | 7.77 B | 7.78 B | 7.45 B | 7.52 B | 7.67 B | 11.5 B | 11.9 B | 12.3 B | 12.7 B | 8.52 B | 7.45 B | - | - | - |
Gross Profit |
- | - | - | - | - | - | 4.35 B | 4.26 B | 4.37 B | 4.28 B | 4.01 B | 4.87 B | 4.56 B | 4.58 B | 7.54 B | - | - | - | - | - |
Operating Income |
2.13 B | 1.74 B | 1.63 B | 1.37 B | 1.42 B | 1.59 B | 1.53 B | 2.85 B | 2.9 B | 2.94 B | 2.83 B | 2.87 B | 2.28 B | 3.03 B | 3.1 B | 1.87 B | 896 M | 1.7 B | 1.66 B | - |
Interest Expense |
808 M | 738 M | 666 M | 513 M | 918 M | 634 M | 621 M | 963 M | 901 M | 888 M | 871 M | 843 M | 994 M | 951 M | 898 M | 593 M | 387 M | 447 M | 472 M | - |
EBITDA |
3.44 B | 3.02 B | 2.88 B | 2.56 B | 2.51 B | 2.61 B | 4.04 B | 3.95 B | 4.08 B | 3.97 B | 3.71 B | 4.49 B | 4.2 B | 4.21 B | 4.54 B | 1.87 B | 896 M | 1.7 B | 1.66 B | - |
Operating Expenses |
- | - | - | - | - | - | 1.51 B | 1.41 B | 1.3 B | 1.23 B | 1.18 B | 1.59 B | 1.52 B | 1.47 B | 3.95 B | - | - | - | - | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement PPL Corporation
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
752 M | 740 M | 739 M | 739 M | 738 M | 738 M | 738 M | 738 M | 737 M | 737 M | 737 M | 737 M | 736 M | 736 M | 736 M | 736 M | 735 M | 768 M | 769 M | 769 M | 769 M | 769 M | 769 M | 768 M | 767 M | 722 M | 722 M | 721 M | 720 M | 704 M | 699 M | 695 M | 693 M | 687 M | 684 M | 681 M | 680 M | 678 M | 677 M | 675 M | 674 M | 671 M | 668 M | 667 M | 666 M | 664 M | 653 M | 631 M | 630 M | 631 M | 590 M | 583 M | 582 M | 581 M | 580 M | 579 M | 578 M | 578 M | 562 M | 484 M | 483 M | 382 M | 378 M | 376 M | 376 M |
Net Income |
452 M | 318 M | 183 M | 414 M | - | 214 M | 190 M | 307 M | - | 230 M | 112 M | 285 M | - | 174 M | 119 M | 273 M | - | 207 M | 19 M | -1.84 B | - | 281 M | 1.18 B | 554 M | 364 M | 475 M | 441 M | 466 M | 415 M | 445 M | 515 M | 452 M | 78 M | 355 M | 292 M | 403 M | 465 M | 473 M | 483 M | 481 M | 399 M | 393 M | -757 M | 647 M | 695 M | 497 M | 229 M | 316 M | -98 M | 410 M | 405 M | 413 M | 359 M | 355 M | 271 M | 541 M | 454 M | 444 M | 196 M | 401 M | 248 M | 85 M | 250 M | 20 M | -7 M |
Revenue |
2.77 B | 2.24 B | 2.02 B | 2.5 B | - | 2.07 B | 1.88 B | 2.3 B | - | 2.04 B | 1.82 B | 2.42 B | - | 2.13 B | 1.7 B | 1.78 B | - | 1.51 B | 1.29 B | 1.5 B | - | 1.4 B | 4.1 B | 1.44 B | 1.95 B | 1.93 B | 1.8 B | 2.08 B | 1.94 B | 1.87 B | 1.85 B | 2.13 B | 1.93 B | 1.84 B | 1.72 B | 1.95 B | 1.83 B | 1.89 B | 1.78 B | 2.01 B | 1.78 B | 1.88 B | 1.78 B | 2.23 B | - | 1.88 B | 1.85 B | 1.19 B | - | 3.07 B | 3.45 B | 2.46 B | - | 2.4 B | 2.55 B | 4.11 B | - | 3.12 B | 2.49 B | 2.91 B | - | - | - | - | - |
Operating Income |
745 M | 569 M | 406 M | 678 M | - | 428 M | 390 M | 545 M | - | 437 M | 305 M | 498 M | - | 341 M | 243 M | 454 M | - | 431 M | 270 M | 415 M | - | 437 M | 1.21 B | 424 M | 693 M | 726 M | 640 M | 781 M | 657 M | 686 M | 658 M | 851 M | 749 M | 736 M | 658 M | 758 M | 714 M | 786 M | 725 M | 823 M | 617 M | 686 M | 638 M | 890 M | 983 M | 688 M | 678 M | 723 M | 21 M | 846 M | 732 M | 679 M | 822 M | 664 M | 572 M | 1.05 B | 934 M | 767 M | 595 M | 805 M | 522 M | 238 M | 492 M | 181 M | 104 M |
Interest Expense |
224 M | 210 M | 199 M | 190 M | - | 188 M | 182 M | 179 M | - | 165 M | 165 M | 164 M | - | 136 M | 118 M | 107 M | - | 183 M | 474 M | 153 M | - | 161 M | 479 M | 154 M | - | 259 M | 246 M | 241 M | - | 244 M | 235 M | 239 M | - | 230 M | 222 M | 217 M | - | 223 M | 224 M | 224 M | - | 221 M | 215 M | 209 M | - | 213 M | 208 M | 262 M | - | 244 M | 258 M | 251 M | - | 248 M | 236 M | 230 M | - | 240 M | 264 M | 174 M | 171 M | 132 M | 114 M | 106 M | 99 M |
EBITDA |
1.1 B | 900 M | 730 M | 1 B | - | 750 M | 709 M | 861 M | - | 751 M | 618 M | 811 M | - | 1.21 B | 243 M | 725 M | - | 1.24 B | 270 M | 682 M | - | 437 M | 1.97 B | 674 M | 693 M | 1.62 B | 1.22 B | 1.06 B | 657 M | 1.5 B | 1.2 B | 1.12 B | 749 M | 1.48 B | 1.15 B | 1 B | 714 M | 1.48 B | 1.18 B | 1.05 B | 617 M | 1.34 B | 1.07 B | 1.11 B | 983 M | 688 M | 678 M | 723 M | 21 M | 846 M | 732 M | 679 M | 822 M | 664 M | 572 M | 1.05 B | 934 M | 767 M | 595 M | 805 M | 522 M | 238 M | 492 M | 181 M | 104 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company PPL Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.