Operating Income for Southern Company (SO)
According to Southern Company's latest reported financial statements, the company's current operating income (TTM) is $7.28B 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 .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$7.28B
YoY change
+2.9%
5Y CAGR
+8.3%
Peak year (1993)
$8.49B
Cumulative operating income
$188.93B
Operating Income history chart for Southern Company (SO) from 1985 to 2025
Operating Income history table for Southern Company (SO) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $7.27B | +2.9% | ||
| 2024 | $7.07B | +21.3% | ||
| 2023 | $5.83B | +8.5% | ||
| 2022 | $5.37B | +45.2% | ||
| 2021 | $3.70B | -24.3% | ||
| 2020 | $4.88B | -36.9% | ||
| 2019 | $7.74B | +84.6% | ||
| 2018 | $4.19B | +79.6% | ||
| 2017 | $2.33B | -48.0% | ||
| 2016 | $4.49B | +4.8% | ||
| 2015 | $4.28B | +17.6% | ||
| 2014 | $3.64B | +11.9% | ||
| 2013 | $3.25B | -27.1% | ||
| 2012 | $4.46B | +5.5% | ||
| 2011 | $4.23B | +11.3% | ||
| 2010 | $3.80B | +9.6% | ||
| 2009 | $3.47B | -1.0% | ||
| 2008 | $3.51B | +5.4% | ||
| 2007 | $3.33B | +3.2% | ||
| 2006 | $3.22B | +8.8% | ||
| 2005 | $2.96B | +5.0% | ||
| 2004 | $2.82B | +0.6% | ||
| 2003 | $2.81B | +8.6% | ||
| 2002 | $2.58B | +8.0% | ||
| 2001 | $2.39B | -0.6% | ||
| 2000 | $2.40B | +6.8% | ||
| 1999 | $2.25B | -1.2% | ||
| 1998 | $2.28B | -14.5% | ||
| 1997 | $2.67B | +2.5% | ||
| 1996 | $2.60B | -3.3% | ||
| 1995 | $2.69B | +10.9% | ||
| 1994 | $2.43B | -71.4% | ||
| 1993 | $8.49B | +5.2% | ||
| 1992 | $8.07B | +0.3% | ||
| 1991 | $8.05B | +0.9% | ||
| 1990 | $7.97B | +6.4% | ||
| 1989 | $7.49B | +3.6% | ||
| 1988 | $7.24B | +3.2% | ||
| 1987 | $7.01B | +2.4% | ||
| 1986 | $6.85B | +0.5% | ||
| 1985 | $6.81B | — |
Operating Income values are taken from Southern Company'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, Southern Company (SO) reported operating income of $7.27B – edged up 2.9% year-over-year.
Across 2020–2025 (5 years), Southern Company operating income produced a CAGR of +8.3% – sustaining 4 straight years of year-over-year growth.
Southern Company operating income declined from $8.49B in 1993 to $7.27B in 2025, a 14.3% drawdown.
The dataset's maximum operating income sits at $8.49B (1993); the minimum reading of $2.25B dates to 1999.
Among 8 Utilities peers, Southern Company (SO) ranks 3rd; the peer median for operating income is $3.83B.
Southern Company Operating Income by Year
Southern Company Operating Income 2025: $7.27B
Southern Company operating income in 2025 was $7.27B, edged up 2.9% from 2024.
Southern Company Operating Income 2024: $7.07B
Southern Company operating income in 2024 was $7.07B, grew 21.3% from 2023.
Southern Company Operating Income 2023: $5.83B
Southern Company operating income in 2023 was $5.83B, grew 8.5% from 2022.
Southern Company Operating Income 2022: $5.37B
Southern Company operating income in 2022 was $5.37B, surged 45.2% from 2021.
Southern Company Operating Income 2021: $3.70B
Southern Company operating income in 2021 was $3.70B.
See more financial history for Southern Company (SO).
Sector peers — Operating Income
Companies in the same sector as Southern Company, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | 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 |
| Vistra Corp. (VST) | $1.33B | Utilities |
Frequently asked questions
What is Southern Company's operating income?
- Latest reported operating income for Southern Company (SO) is $7.28B (period ending December 31, 2025).
How has Southern Company operating income changed year-over-year?
- Southern Company (SO) operating income changed +2.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Southern Company operating income?
- Southern Company (SO) operating income compound annual growth rate is +8.3% over the most recent 5 years available.
When did Southern Company operating income hit its highest annual value?
- Southern Company operating income reached its highest annual value of $8.49B in 1993.
What was Southern Company operating income in 2024?
- Southern Company (SO) operating income in 2024 was $7.07B.
What was Southern Company operating income in 2025?
- Southern Company (SO) operating income in 2025 was $7.27B.
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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