Operating Income for PPL (PPL)
According to PPL's latest reported financial statements, the company's current operating income (TTM) is $2.13B 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 .
PPL
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$2.13B
YoY change
+22.5%
5Y CAGR
+6.1%
Peak year (2011)
$3.10B
Cumulative operating income
$77.77B
Operating Income history chart for PPL (PPL) from 1985 to 2025
Operating Income history table for PPL (PPL) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $2.13B | +22.5% | ||
| 2024 | $1.74B | +6.7% | ||
| 2023 | $1.63B | +18.6% | ||
| 2022 | $1.37B | -3.5% | ||
| 2021 | $1.42B | -10.2% | ||
| 2020 | $1.59B | +3.9% | ||
| 2019 | $1.53B | -46.5% | ||
| 2018 | $2.85B | -1.7% | ||
| 2017 | $2.90B | -1.2% | ||
| 2016 | $2.94B | +3.7% | ||
| 2015 | $2.83B | -1.3% | ||
| 2014 | $2.87B | +11.9% | ||
| 2013 | $2.56B | -15.4% | ||
| 2012 | $3.03B | -2.4% | ||
| 2011 | $3.10B | +66.2% | ||
| 2010 | $1.87B | +108.3% | ||
| 2009 | $896.00M | -50.0% | ||
| 2008 | $1.79B | +6.5% | ||
| 2007 | $1.68B | +11.5% | ||
| 2006 | $1.51B | +18.5% | ||
| 2005 | $1.27B | -9.5% | ||
| 2004 | $1.41B | +2.9% | ||
| 2003 | $1.37B | +9.6% | ||
| 2002 | $1.25B | +46.6% | ||
| 2001 | $850.00M | -28.8% | ||
| 2000 | $1.19B | +36.9% | ||
| 1999 | $872.00M | -5.2% | ||
| 1998 | $920.00M | +15.0% | ||
| 1997 | $800.00M | -1.1% | ||
| 1996 | $809.00M | -3.2% | ||
| 1995 | $835.40M | -69.3% | ||
| 1994 | $2.73B | -0.1% | ||
| 1993 | $2.73B | -0.6% | ||
| 1992 | $2.74B | +7.2% | ||
| 1991 | $2.56B | +7.2% | ||
| 1990 | $2.39B | +1.4% | ||
| 1989 | $2.36B | +6.4% | ||
| 1988 | $2.21B | +6.0% | ||
| 1987 | $2.09B | -4.6% | ||
| 1986 | $2.19B | +10.7% | ||
| 1985 | $1.98B | — |
Operating Income values are taken from PPL'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
PPL (PPL) most recent annual operating income stands at $2.13B (2025) – grew 22.5% year-over-year.
PPL operating income has grown for 3 consecutive years, with a +6.1% compound annual growth rate over 2020–2025 (5 years).
PPL operating income peaked at $3.10B in 2011; the latest annual figure is $2.13B in 2025 (31.3% below peak).
2011 marks the peak operating income at $3.10B, with the historical low of $800.00M recorded in 1997.
PPL (PPL) sits 8th of 8 Utilities peers we track on this metric, against a peer median of $4.86B.
PPL Operating Income by Year
PPL Operating Income 2025: $2.13B
PPL operating income in 2025 was $2.13B, grew 22.5% from 2024.
PPL Operating Income 2024: $1.74B
PPL operating income in 2024 was $1.74B, grew 6.7% from 2023.
PPL Operating Income 2023: $1.63B
PPL operating income in 2023 was $1.63B, grew 18.6% from 2022.
PPL Operating Income 2022: $1.37B
PPL operating income in 2022 was $1.37B, edged down 3.5% below 2021.
PPL Operating Income 2021: $1.42B
PPL operating income in 2021 was $1.42B.
See more financial history for PPL (PPL).
Sector peers — Operating Income
Companies in the same sector as PPL, 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 PPL's operating income?
- Latest reported operating income for PPL (PPL) is $2.13B (period ending December 31, 2025).
How has PPL operating income changed year-over-year?
- PPL (PPL) operating income changed +22.5% year-over-year on the latest annual filing.
What is the long-term growth rate of PPL operating income?
- PPL (PPL) operating income compound annual growth rate is +6.1% over the most recent 5 years available.
When did PPL operating income hit its highest annual value?
- PPL operating income reached its highest annual value of $3.10B in 2011.
What was PPL operating income in 2024?
- PPL (PPL) operating income in 2024 was $1.74B.
What was PPL operating income in 2025?
- PPL (PPL) operating income in 2025 was $2.13B.
Metrics overview
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