PPL Corp (PPLC) stock
PPLCNYSEElectric ServicesFiscal year ends December 31Also trades as PPL
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026Score 9/302% above fair value
$46.86+0.23 (+0.49%)
Close on Nov 2, 2026Market cap $35.26BP/E 27.7Yield 2.33%
PPL operating margin
Operating margin is operating income as a percentage of revenue.
PPL's operating margin for the twelve months ending Jun 30, 2026 was 24.1%. For fiscal 2025 it was 23.5%, against 20.6% the year before. The highest annual figure on record is 39.1% in fiscal 2016.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 23.5% | +3.0 |
| FY2024 | Dec 31, 2024 | 20.6% | +1.0 |
| FY2023 | Dec 31, 2023 | 19.6% | +2.2 |
| FY2022 | Dec 31, 2022 | 17.4% | −7.2 |
| FY2021 | Dec 31, 2021 | 24.6% | −4.3 |
| FY2020 | Dec 31, 2020 | 29.0% | +1.7 |
| FY2019 | Dec 31, 2019 | 27.2% | −9.4 |
| FY2018 | Dec 31, 2018 | 36.6% | −2.3 |
| FY2017 | Dec 31, 2017 | 39.0% | −0.1 |
| FY2016 | Dec 31, 2016 | 39.1% | +2.1 |
| FY2015 | Dec 31, 2015 | 36.9% | +0.4 |
| FY2014 | Dec 31, 2014 | 36.5% | +1.3 |
| FY2013 | Dec 31, 2013 | 35.3% | +10.3 |
| FY2012 | Dec 31, 2012 | 24.9% | +0.6 |
| FY2011 | Dec 31, 2011 | 24.3% | +2.4 |
| FY2010 | Dec 31, 2010 | 21.9% | +9.9 |
| FY2009 | Dec 31, 2009 | 12.0% | −9.6 |
| FY2008 | Dec 31, 2008 | 21.7% | −4.0 |
| FY2007 | Dec 31, 2007 | 25.7% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q2 FY2026 | Jun 30, 2026 | 22.5% | +2.5 |
| Q1 FY2026 | Mar 31, 2026 | 26.9% | −0.2 |
| Q4 FY2025 | Dec 31, 2025 | 20.9% | +1.5 |
| Q3 FY2025 | Sep 30, 2025 | 25.4% | +8.7 |
| Q2 FY2025 | Jun 30, 2025 | 20.0% | −0.6 |
| Q1 FY2025 | Mar 31, 2025 | 27.1% | +12.4 |
| Q4 FY2024 | Dec 31, 2024 | 19.4% | +3.4 |
| Q2 FY2023 | Jun 30, 2023 | 16.7% | +2.4 |
| Q1 FY2023 | Mar 31, 2023 | 20.6% | −4.9 |
| Q4 FY2022 | Dec 31, 2022 | 14.7% | −6.1 |
| Q3 FY2022 | Sep 30, 2022 | 16.0% | −12.5 |
| Q2 FY2022 | Jun 30, 2022 | 14.3% | −6.6 |
| Q1 FY2022 | Mar 31, 2022 | 25.5% | −2.2 |
| Q4 FY2021 | Dec 31, 2021 | 20.7% | −6.8 |
| Q3 FY2021 | Sep 30, 2021 | 28.5% | −2.7 |
| Q2 FY2021 | Jun 30, 2021 | 21.0% | −6.5 |
| Q1 FY2021 | Mar 31, 2021 | 27.7% | −1.7 |
| Q4 FY2020 | Dec 31, 2020 | 27.6% | −7.9 |
| Q3 FY2020 | Sep 30, 2020 | 31.2% | −6.3 |
| Q2 FY2020 | Jun 30, 2020 | 27.5% | −8.0 |
| Q1 FY2020 | Mar 31, 2020 | 29.4% | −8.1 |
| Q4 FY2019 | Dec 31, 2019 | 35.5% | +1.6 |
| Q3 FY2019 | Sep 30, 2019 | 37.6% | +0.9 |
| Q2 FY2019 | Jun 30, 2019 | 35.5% | −0.1 |
| Q1 FY2019 | Mar 31, 2019 | 37.6% | −2.5 |
| Q4 FY2018 | Dec 31, 2018 | 33.9% | −5.0 |
| Q3 FY2018 | Sep 30, 2018 | 36.6% | −3.2 |
| Q2 FY2018 | Jun 30, 2018 | 35.6% | −2.5 |
| Q1 FY2018 | Mar 31, 2018 | 40.0% | +1.2 |
| Q4 FY2017 | Dec 31, 2017 | 38.9% | −0.1 |
| Q3 FY2017 | Sep 30, 2017 | 39.9% | −1.7 |
| Q2 FY2017 | Jun 30, 2017 | 38.1% | −2.5 |
| Q1 FY2017 | Mar 31, 2017 | 38.9% | −2.1 |
| Q4 FY2016 | Dec 31, 2016 | 39.0% | – |
| Q3 FY2016 | Sep 30, 2016 | 41.6% | – |
| Q2 FY2016 | Jun 30, 2016 | 40.6% | – |
| Q1 FY2016 | Mar 31, 2016 | 40.9% | – |