Operating Income for PG&E (PCG)
According to PG&E's latest reported financial statements, the company's current operating income (TTM) is $5.00B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
PCG
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$5.00B
YoY change
+9.5%
5Y CAGR
+19.5%
Peak year (1993)
$10.58B
Cumulative operating income
$161.46B
Operating Income history chart for PG&E (PCG) from 1985 to 2025
Operating Income history table for PG&E (PCG) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $4.88B | +9.5% | ||
| 2024 | $4.46B | +11.4% | ||
| 2023 | $4.00B | +49.2% | ||
| 2022 | $2.68B | +25.3% | ||
| 2021 | $2.14B | +6.7% | ||
| 2020 | $2.01B | +34.4% | ||
| 2019 | $1.49B | -35.5% | ||
| 2018 | $2.32B | -22.4% | ||
| 2017 | $2.98B | +3.1% | ||
| 2016 | $2.89B | +21.7% | ||
| 2015 | $2.38B | -6.5% | ||
| 2014 | $2.54B | +34.3% | ||
| 2013 | $1.89B | -6.9% | ||
| 2012 | $2.03B | -18.9% | ||
| 2011 | $2.51B | -15.3% | ||
| 2010 | $2.96B | -3.1% | ||
| 2009 | $3.05B | +35.1% | ||
| 2008 | $2.26B | +7.0% | ||
| 2007 | $2.11B | +0.3% | ||
| 2006 | $2.11B | +7.0% | ||
| 2005 | $1.97B | -11.2% | ||
| 2004 | $2.22B | -5.3% | ||
| 2003 | $2.34B | -40.7% | ||
| 2002 | $3.95B | +51.3% | ||
| 2001 | $2.61B | -153.0% | ||
| 2000 | -$4.93B | -661.4% | ||
| 1999 | $878.00M | -58.2% | ||
| 1998 | $2.10B | +21.4% | ||
| 1997 | $1.73B | -7.9% | ||
| 1996 | $1.88B | -32.1% | ||
| 1995 | $2.76B | -73.6% | ||
| 1994 | $10.45B | -1.3% | ||
| 1993 | $10.58B | +2.8% | ||
| 1992 | $10.30B | +5.3% | ||
| 1991 | $9.78B | +3.3% | ||
| 1990 | $9.47B | +10.3% | ||
| 1989 | $8.59B | +12.3% | ||
| 1988 | $7.65B | +6.4% | ||
| 1987 | $7.19B | -8.1% | ||
| 1986 | $7.82B | -7.3% | ||
| 1985 | $8.43B | — |
Operating Income values are taken from PG&E's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, PG&E (PCG) reported operating income of $4.88B – grew 9.5% year-over-year.
Across 2020–2025 (5 years), PG&E operating income produced a CAGR of +19.5% – sustaining 6 straight years of year-over-year growth.
Between 1993 and 2025, PG&E operating income plunged 53.8%, falling from $10.58B to $4.88B.
Across the available history, operating income reached its high of $10.58B in 1993 and its low of -$4.93B in 2000.
Among 8 Utilities peers, PG&E (PCG) ranks 5th; the peer median for operating income is $4.86B.
PG&E Operating Income by Year
PG&E Operating Income 2025: $4.88B
PG&E operating income in 2025 was $4.88B, grew 9.5% from 2024.
PG&E Operating Income 2024: $4.46B
PG&E operating income in 2024 was $4.46B, grew 11.4% from 2023.
PG&E Operating Income 2023: $4.00B
PG&E operating income in 2023 was $4.00B, surged 49.2% from 2022.
PG&E Operating Income 2022: $2.68B
PG&E operating income in 2022 was $2.68B, grew 25.3% from 2021.
PG&E Operating Income 2021: $2.14B
PG&E operating income in 2021 was $2.14B.
See more financial history for PG&E (PCG).
Sector peers — Operating Income
Companies in the same sector as PG&E, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| Constellation Energy Corporation (CEG) | $3.09B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
Frequently asked questions
What is PG&E's operating income?
- Latest reported operating income for PG&E (PCG) is $5.00B (period ending March 31, 2026).
How has PG&E operating income changed year-over-year?
- PG&E (PCG) operating income changed +9.5% year-over-year on the latest annual filing.
What is the long-term growth rate of PG&E operating income?
- PG&E (PCG) operating income compound annual growth rate is +19.5% over the most recent 5 years available.
When did PG&E operating income hit its highest annual value?
- PG&E operating income reached its highest annual value of $10.58B in 1993.
What was PG&E operating income in 2024?
- PG&E (PCG) operating income in 2024 was $4.46B.
What was PG&E operating income in 2025?
- PG&E (PCG) operating income in 2025 was $4.88B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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