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Operating Margin for PPL (PPL)

As of · Reported

Metric

TTM

23.5%

YoY change

+3.01pp

Trough year (2009)

12.0%

Peak year (1985)

100.0%

Operating Margin history chart for PPL (PPL) from 1985 to 2025

Latest: 23.6%

Operating Margin change chart for PPL (PPL) from 1985 to 2025

Latest: +3.01pp

Operating Margin history table for PPL (PPL) from 1985 to 2025

  • 202523.6%+3.01pp
  • 202420.6%+0.95pp
  • 202319.6%+2.22pp
  • 202217.4%-7.24pp
  • 202124.6%-4.35pp
  • 202029.0%+1.73pp
  • 201927.2%-9.39pp
  • 201836.6%-2.32pp
  • 201739.0%-0.10pp
  • 201639.1%+2.14pp
  • 201536.9%+0.40pp
  • 201436.5%+1.25pp
  • 201335.3%+10.32pp
  • 201224.9%+0.60pp
  • 201124.3%+2.45pp
  • 201021.9%+9.87pp
  • 200912.0%-10.36pp
  • 200822.4%-3.51pp
  • 200725.9%+1.29pp
  • 200624.6%+1.63pp
  • 200523.0%-1.45pp
  • 200424.4%-0.02pp
  • 200324.5%+1.73pp
  • 200222.7%+6.12pp
  • 200116.6%-9.65pp
  • 200026.3%+7.27pp
  • 199919.0%-5.30pp
  • 199824.3%-1.70pp
  • 199726.0%-1.80pp
  • 199627.8%-2.56pp
  • 199530.4%-69.64pp
  • 1994100.0%0.00pp
  • 1993100.0%0.00pp
  • 1992100.0%0.00pp
  • 1991100.0%0.00pp
  • 1990100.0%0.00pp
  • 1989100.0%0.00pp
  • 1988100.0%0.00pp
  • 1987100.0%0.00pp
  • 1986100.0%0.00pp
  • 1985100.0%—

Operating Margin values are taken from PPL's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

About Operating Margin at PPL (PPL)

According to PPL's latest reported financial statements, the company's latest reported operating margin is 23.5%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

In 2025, PPL (PPL) operating margin totalled 23.57% – expanded 3.0 percentage points year-over-year.

The record annual operating margin stands at 100.00%, reached in 1985; the historical low of 12.03% was recorded in 2009.

PPL Operating Margin by Year

PPL Operating Margin 2025: 23.6%

2025's operating margin for PPL came in at 23.57%, expanded 3.0 percentage points from 2024.

PPL Operating Margin 2024: 20.6%

PPL posted operating margin of 20.56% in 2024, expanded 1.0 percentage points from 2023.

PPL Operating Margin 2023: 19.6%

In 2023, PPL reported operating margin of 19.61%, expanded 2.2 percentage points from 2022.

PPL Operating Margin 2022: 17.4%

PPL operating margin in 2022 was 17.39%, contracted 7.2 percentage points from 2021.

PPL Operating Margin 2021: 24.6%

PPL operating margin in 2021 was 24.62%.

See more financial history for PPL (PPL).

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