MARKETS / NYSE / PPL

NYSE · ELECTRIC SERVICES · LARGE CAP

PPL Corp. PPL

19 fiscal years on record · USD · FY2025 reported · SEC filings only

3 YEARS OF DIVIDEND GROWTH

Revenue

$9.2B

▲ 8.6% YoY

Net income

$1.2B

▲ 33.0% YoY

Free cash flow

$-1.4B

In brief

What this company does

PPL, through its regulated utility subsidiaries, delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky. At December 31, 2025, PPL had 6,546 total full-time employees, of which 2,368, or 36%, were represented by labor unions. PPL is organized into three reportable segments: Kentucky Regulated, which primarily represents the results of LG&E and KU; Pennsylvania Regulated, which primarily represents the results of PPL Electric; and Rhode Island Regulated, which primarily represents the results of RIE. PPL Electric delivers electricity to approximately 1.5 million customers in a 10,000-square mile territory in 29 counties within eastern and central Pennsylvania. PPL, headquartered in Allentown, Pennsylvania, is a utility holding company incorporated in 1994.

Written from the business description in PPL Corp's annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth

USD 9.2B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 9.2 · Net income 1.2

Compound annual growth

Revenue

+5.6%

+11.1%

+1.8%

+0.5%

Net income

+16.0%

−4.3%

+1.5%

EPS, diluted

+15.9%

−3.6%

+4.6%

−2.1%

Dividend / share

+7.6%

−8.1%

−3.1%

−1.7%

Returned to shareholders

+0.3%

−9.0%

−2.3%

+2.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +11.1% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 23.2% · Net 12.9%

ROE

FY2024 · ROE 6.4%

Gross margin—

Operating margin23.2%

Net margin12.9%

Return on assets2.7%

EBITDAUSD 3.4B

Cash & shareholders

USD 794.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF -1.4

Net buybacks $B Dividends $B

FY2025 · Dividends 0.8 · Net buybacks —

Dividends paidUSD 794.0M

Net buybacks—

Share of profit67.2%

Consecutive raises3 years

USD 794.0M in dividends — 67% of the year's profit went back to shareholders.

Total assetsUSD 45.2B

CashUSD 1.1B

Gross debtUSD 18.9B

Net debtUSD 17.8B

Current ratio0.86×

Not available: we don't have the shareholders' equity figure for this period.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	9.2	8.4	8.3	7.8	5.8	5.4	5.5	7.8	7.4	7.5	7.7	7.9	7.3	12.1	12.7	8.5	7.4	7.9	6.5
Operating income $B	2.1	1.7	1.6	1.4	1.4	1.6	1.5	2.9	2.9	2.9	2.8	2.9	2.6	3.0	3.1	1.9	0.9	1.7	1.7
EBITDA $B	3.4	3.0	2.9	2.6	2.5	2.6	2.5	3.9	3.9	3.9	3.7	3.8	3.4	·	·	·	·	·	·
Income tax $B	0.3	0.2	0.2	0.2	0.5	0.3	0.2	0.5	0.8	0.6	0.5	0.7	0.4	0.5	0.7	0.3	0.1	0.4	0.3
Net income $B	1.2	0.9	0.7	0.8	−1.5	1.5	1.7	1.8	1.1	1.9	0.7	1.7	1.1	1.5	1.5	0.9	0.4	0.9	1.3
Free cash flow $B	−1.4	−0.5	−0.6	−0.4	0.3	0.5	0.2	−0.4	−0.7	−0.0	−0.9	−0.3	−0.8	−0.3	0.0	0.4	0.6	0.2	−0.1
EPS, diluted $	1.59	1.20	1.00	1.02	−1.93	1.91	2.37	2.58	1.64	2.79	1.01	2.61	1.76	2.60	2.70	2.17	1.08	2.47	3.34
Dividend / sh $	1.09	1.03	0.96	0.88	1.66	1.66	1.65	1.64	1.58	1.52	1.50	1.49	1.47	1.44	1.40	1.40	1.38	1.34	1.22
Payout %	67	84	95	104	−86	87	68	62	95	54	147	56	78	55	50	60	127	53	36
ROE %	·	6.4	5.3	5.5	−10.9	11.1	14.2	16.3	10.9	19.2	5.8	13.3	9.8	14.3	15.7	13.7	7.7	18.3	·
Shares out B	0.75	0.74	0.74	0.74	0.74	0.77	0.77	0.72	0.69	0.68	0.67	0.67	0.63	0.58	0.58	0.48	0.38	0.37	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 2 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityElectric Services

Listed onNYSE

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2007