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NYSE · ELECTRIC SERVICES · LARGE CAP

PPL Corp. PPL

19 fiscal years on record · USD · FY2025 reported · SEC filings only
3 YEARS OF DIVIDEND GROWTH
$9.2B
▲ 8.4% YoY
$1.2B
▲ 33.0% YoY
$-1.4B

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

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
5B10B-1B-2B
2007201020132016201920222025
Compound annual growth
+5.1%
+10.9%
+1.8%
+0.5%
+16.0%
−4.3%
+1.5%
+15.9%
−3.6%
+4.6%
−2.1%
+7.6%
−8.1%
−3.1%
−1.7%
+0.3%
−9.0%
−2.3%
+2.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.9% a year over the five years to FY2025.

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%
10%20%30%-10%-20%
200720162025
ROE
FY2025 · ROE 8.2%
10%20%-5%-10%
200720162025
Three returns, three denominators.
Gross margin·
Operating margin23.2%
Net margin12.9%
EBITDAUSD 3.4B

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders

USD 794.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -1.4
0.25B0.50B-0.50B-1.00B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 0.8 · Net buybacks ·
1.0B2.0B-0.5B-1.0BDividendsNet buybacks
2007201020132016201920222025
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×

Net debt stands at 120% of equity.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
PPL, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B9.28.58.37.95.85.55.67.87.47.57.77.97.312.112.78.57.47.96.5
Operating income $B2.11.71.61.41.41.61.52.92.92.92.82.92.63.03.11.90.91.71.7
EBITDA $B3.43.02.92.62.52.62.53.93.93.93.73.83.4◌◌◌◌◌◌
Income tax $B0.30.20.20.20.50.30.20.50.80.60.50.70.40.50.70.30.10.40.3
Net income $B1.20.90.70.8−1.51.51.71.81.11.90.71.71.11.51.50.90.40.91.3
Free cash flow $B−1.4−0.5−0.6−0.40.30.50.2−0.4−0.7−0.0−0.9−0.3−0.8−0.30.00.40.60.2−0.1
EPS, diluted $1.591.201.001.02−1.931.912.372.581.642.791.012.611.762.602.702.171.082.473.34
Dividend / sh $1.091.030.960.881.661.661.651.641.581.521.501.491.471.441.401.401.381.341.22
Payout %678495104−86876862955414756785550601275336
ROE %8.26.35.35.5−10.911.114.216.310.919.25.813.39.814.315.713.77.717.021.9
Shares out B0.750.740.740.740.740.770.770.720.690.680.670.670.630.580.580.480.380.37◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityElectric Services
Listed onNYSE
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2007

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