National Grid plc (NGG) Earnings History
Profitable34 years of earnings data (1993–2026) · Positive TTM net income
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National Grid plc (NGG) Earnings Overview
As of June 21, 2026, National Grid plc (NGG) reported trailing twelve-month net income of $6.11B, reflecting +8.9% year-over-year growth. The company earned $6.14 per diluted share over the past four quarters, with a net profit margin of 18.3%.
Looking at the long-term picture, NGG's 5-year EPS compound annual growth rate (CAGR) stands at +2.0%, reflecting modest earnings expansion. The company achieved its highest annual net income of $7.80B in fiscal 2023.
National Grid plc maintains industry-leading profitability with a gross margin of 32.7%, operating margin of 32.7%, and net margin of 18.3%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including SO ($4.36B net income, 14.7% margin), DUK ($5.14B net income, 15.4% margin), EXC ($2.78B net income, 11.4% margin), NGG has outperformed on profitability metrics. Compare NGG vs SO →
NGG Earnings vs Peers
Earnings metrics vs comparable public companies
NGG Historical Earnings Data (1993–2026)
34 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $3.29B | +13.5% | $5.87B | $3.30 | 18.3% | 32.7% |
| 2025 | $2.90B | +26.7% | $4.93B | $3.03 | 15.8% | 26.8% |
| 2024 | $2.29B | -70.6% | $4.47B | $2.84 | 11.5% | 22.5% |
| 2023 | $7.80B | +231.4% | $4.88B | $9.50 | 36.0% | 22.5% |
| 2022 | $2.35B | +0.0% | $4.37B | $3.11 | 12.8% | 23.7% |
| 2021 | $2.35B | +86.2% | $4.37B | $2.99 | 12.8% | 23.7% |
| 2020 | $1.26B | -16.3% | $2.28B | $1.70 | 9.5% | 17.1% |
| 2019 | $1.51B | -57.4% | $2.87B | $2.05 | 10.1% | 19.2% |
| 2018 | $3.55B | -54.5% | $3.49B | $4.42 | 23.3% | 22.9% |
| 2017 | $7.79B | +200.8% | $3.21B | $3.42 | 51.8% | 21.3% |
| 2016 | $2.59B | +28.3% | $3.23B | $3.60 | 19.6% | 24.4% |
| 2015 | $2.02B | -18.5% | $3.78B | $2.90 | 13.3% | 24.9% |
| 2014 | $2.48B | +15.0% | $3.73B | $3.19 | 16.7% | 25.2% |
| 2013 | $2.15B | +12.3% | $3.75B | $3.00 | 15.0% | 26.1% |
| 2012 | $1.92B | -11.2% | $3.54B | $2.86 | 13.9% | 25.6% |
| 2011 | $2.16B | +55.8% | $3.75B | $3.04 | 15.1% | 26.1% |
| 2010 | $1.39B | +46.8% | $3.29B | $2.64 | 9.9% | 23.5% |
| 2009 | $944M | -70.4% | $2.62B | $1.96 | 6.0% | 16.7% |
| 2008 | $3.19B | +128.8% | $2.89B | $2.78 | 27.7% | 25.1% |
| 2007 | $1.39B | -63.8% | $2.51B | $2.23 | 15.9% | 28.6% |
| 2006 | $3.85B | +324.0% | $2.44B | $2.01 | 41.9% | 26.5% |
| 2005 | $908M | -15.5% | $1.85B | $2.30 | 10.7% | 21.7% |
| 2004 | $1.07B | +206.0% | $1.84B | $1.92 | 11.9% | 20.3% |
| 2003 | $351M | +203.2% | $1.70B | $0.75 | 3.7% | 18.0% |
| 2002 | -$340M | -130.4% | $340M | $-1.53 | -4.5% | 4.5% |
| 2001 | $1.12B | -0.3% | $1.60B | $4.15 | 16.2% | 23.2% |
| 2000 | $1.12B | +13.9% | $1.12B | $4.04 | 69.5% | 69.2% |
| 1999 | $985M | +110.4% | $577M | $3.59 | 65.1% | 38.1% |
| 1998 | $468M | +12.8% | $536M | $1.42 | 29.1% | 33.3% |
| 1997 | $415M | -1.7% | $716M | $1.58 | 28.5% | 49.1% |
| 1996 | $422M | -2.9% | $656M | $1.62 | 28.4% | 44.1% |
| 1995 | $435M | -1.1% | $604M | $1.67 | 30.4% | 42.3% |
| 1994 | $440M | +15.3% | $585M | $1.69 | 30.9% | 41.1% |
| 1993 | $381M | - | $554M | $1.46 | 27.4% | 39.8% |
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NGG — Frequently Asked Questions
Quick answers to the most common questions about buying NGG stock.
What is NGG earnings per share (EPS)?
NGG trailing twelve-month (TTM) diluted EPS is $6.14, reflecting +8.9% year-over-year growth. The 5-year EPS CAGR is +2.0%. Complete EPS history from 1993 to 2026 is available in the table on this page.
What is National Grid plc's net income?
National Grid plc (NGG) trailing twelve-month net income is $6.1B as of 2026. Earnings grew +8.9% year-over-year. National Grid plc has been profitable for 24 consecutive years.
Is NGG profitable?
Yes, NGG is profitable with a TTM net income of $6.1B and a net profit margin of +18.3%. National Grid plc has generated profits for 24 consecutive years.
What is NGG's earnings growth rate?
NGG compound annual EPS growth rates (CAGR): 1-Year: +8.9%, 3-Year: -29.7%, 5-Year: +2.0%, 10-Year: -0.9%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1993 to 2026.
What are NGG's profit margins?
National Grid plc net profit margin is +18.3%, operating margin is +32.7%, and gross margin is +32.7%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +8.5%.
Is NGG growing earnings?
NGG is growing earnings steadily. YoY EPS growth of +8.9% is consistent with the 5-year CAGR of +2.0%. TTM net income is $6.1B.
What was NGG's best earnings year?
National Grid plc's highest annual net income on record is $7.8B, achieved in fiscal year 2023. Earnings history on this page spans 1993 to 2026 and includes all annual and quarterly figures.
What were NGG's earnings last quarter?
NGG's most recent reported quarter was Q4 2026. Net income was $2.7B with diluted EPS of $2.70. For a full breakdown of all quarters, see the quarterly earnings table on this page.