NGGNYSENatural Gas TransmissionFiscal year ends March 31Also trades as NEWEN, NGGTF, NMKBP, NMKCP, NMPWP
NATIONAL GRID PLC
Financials through fiscal 2026, year ended Mar 31, 2026Last filing: 20-F on Jun 3, 2026
$79.05−2.17 (-2.67%)
Close on Oct 19, 2026
NATIONAL GRID PLC revenue by segment
By business segment
| Revenue | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| New York | £7.62B | £6.69B | £6.09B | £6.99B | £5.56B | £4.61B | £4.60B | – | – | – | 43.1% | +13.9% |
| New England | £4.17B | £4.31B | £3.95B | £4.43B | £4.55B | – | – | – | – | – | 23.6% | -3.1% |
| UK Electricity Transmission | £2.90B | £2.62B | £2.74B | £1.99B | £2.04B | £1.97B | £1.98B | £3.35B | £4.15B | £4.44B | 16.4% | +10.7% |
| UK Electricity Distribution | £1.94B | £2.42B | £1.79B | £2.03B | £1.47B | £0 | £0 | – | – | – | 11.0% | -20.0% |
| National Grid Ventures | £1.06B | £1.35B | £1.33B | £1.28B | £1.02B | – | – | – | – | – | 6.0% | -21.7% |
| Other | £97.00M | £122.00M | £244.00M | £317.00M | £381.00M | £78.00M | – | – | – | – | 0.5% | -20.5% |
| UK Electricity System Operator | £0 | £1.03B | £3.79B | £4.69B | £3.46B | £2.02B | £1.72B | – | – | – | 0.0% | -100.0% |
| UK Gas Transmission | – | – | – | – | – | £888.00M | £911.00M | £884.00M | £1.09B | £1.08B | – | – |
| US Regulated | – | – | – | – | – | £9.20B | £9.21B | £9.85B | £9.27B | £8.93B | – | – |
| National Grid Ventures | – | – | – | £1.34B | £1.02B | £786.00M | – | – | – | – | – | – |
| NGV and Other | – | – | – | – | £1.41B | £864.00M | £830.00M | £872.00M | £770.00M | £713.00M | – | – |
| New England | – | – | – | £4.43B | £4.55B | £4.21B | £4.24B | – | – | – | – | – |
| NGV and Other | – | – | – | – | – | £714.00M | £730.00M | £872.00M | – | – | – | – |
| Operating income | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UK Electricity Transmission | £1.61B | £1.28B | £1.67B | £993.00M | £1.06B | £1.08B | £1.10B | £778.00M | £1.04B | £1.36B | +25.7% |
| New York | £1.18B | £1.27B | £362.00M | £541.00M | £1.10B | £695.00M | £370.00M | – | – | – | -6.7% |
| UK Electricity Distribution | £1.12B | £1.60B | £975.00M | £1.07B | £909.00M | £0 | £0 | – | – | – | -29.8% |
| New England | £947.00M | £1.01B | £641.00M | £1.13B | £764.00M | – | – | – | – | – | -6.1% |
| National Grid Ventures | £715.00M | £5.00M | £558.00M | £957.00M | £283.00M | – | – | – | – | – | +14200.0% |
| UK Electricity System Operator | £0 | -£213.00M | £382.00M | £237.00M | £5.00M | -£53.00M | £212.00M | – | – | – | -100.0% |
| Other | -£142.00M | -£10.00M | -£117.00M | -£50.00M | £260.00M | -£116.00M | – | – | – | – | +1320.0% |
| UK Gas Transmission | – | – | – | – | – | £337.00M | £347.00M | £267.00M | £487.00M | £507.00M | – |
| US Regulated | – | – | – | – | – | £1.34B | £880.00M | £1.43B | £1.73B | £1.28B | – |
| National Grid Ventures | – | – | – | £957.00M | £283.00M | £181.00M | – | – | £234.00M | £239.00M | – |
| NGV and Other | – | – | – | – | £543.00M | £65.00M | £123.00M | – | – | – | – |
| New England | – | – | – | £1.13B | £764.00M | £614.00M | £470.00M | – | – | – | – |
By product or service
| Revenue | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Distribution | £13.12B | £12.89B | £11.00B | £12.64B | £10.92B | £8.32B | £8.32B | £8.94B | – | – | 74.2% | +1.8% |
| Transmission | £3.72B | £3.53B | £4.02B | £3.40B | £3.07B | £2.59B | £2.63B | £3.25B | – | – | 21.0% | +5.4% |
| Other | £152.00M | £318.00M | £293.00M | £260.00M | £310.00M | £97.00M | – | – | – | – | 0.9% | -52.2% |
| Other | – | – | – | – | – | £97.00M | £226.00M | £284.00M | – | – | – | – |
| System Operator | – | £966.00M | £3.76B | £4.53B | £3.42B | £2.08B | £1.61B | £1.59B | – | – | – | – |
By region
| Revenue | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | £12.22B | £11.67B | £10.79B | £12.05B | £10.65B | £9.30B | £9.26B | £9.32B | – | – | 69.1% | +4.7% |
| UK | £5.47B | £6.71B | £9.06B | £9.61B | £7.80B | £4.37B | £4.10B | £5.05B | £5.94B | £6.06B | 30.9% | -18.4% |
| US | – | – | – | – | – | £9.30B | £9.26B | £9.89B | £9.31B | £8.97B | – | – |
From the segment and revenue-disaggregation notes of National Grid's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.