PPL Corporation (PPL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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PPL Revenue Growth
Revenue Breakdown (FY 2025)
PPL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
PPL Revenue Analysis (2014–2025)
As of May 8, 2026, PPL Corporation (PPL) generated trailing twelve-month (TTM) revenue of $9.04 billion, reflecting modest growth of +2.8% year-over-year. The most recent quarter (Q4 2025) recorded $2.27 billion in revenue, up 1.6% sequentially.
Looking at the longer-term picture, PPL's 5-year compound annual growth rate (CAGR) stands at +10.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $9.04 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows PPL's business is primarily driven by Kentucky Regulated (41%), Pennsylvania Regulated (34%), and Rhode Island Regulated (25%).
When compared to Utilities sector peers including AEE (+12.3% YoY), WEC (+11.2% YoY), and EVRG (+2.4% YoY), PPL has underperformed the peer group in terms of revenue growth. Compare PPL vs AEE →
PPL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| PPLCurrent | $9.0B | +2.8% | +10.6% | 23.6% | |
 AEE | $8.8B | +12.3% | +8.7% | 23.0% | |
 WEC | $9.8B | +11.2% | +6.2% | 24.2% | |
 EVRG | $5.9B | +2.4% | +3.8% | 25.2% | |
 OGE | $3.3B | +4.1% | +9.0% | 24.5% | |
 AVA | $2.0B | -1.5% | +8.2% | 18.0% |
PPL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $9.04B | +6.9% | $3.53B | 39.1% | $2.13B | 23.6% |
| 2024 | $8.46B | +1.8% | $3.39B | 40.1% | $1.74B | 20.6% |
| 2023 | $8.31B | +5.2% | $3.28B | 39.4% | $1.63B | 19.6% |
| 2022 | $7.90B | +36.6% | $2.89B | 36.5% | $1.37B | 17.4% |
| 2021 | $5.78B | +5.6% | $2.71B | 46.9% | $1.42B | 24.6% |
| 2020 | $5.47B | -2.3% | $2.79B | 50.9% | $1.59B | 29.0% |
| 2019 | $5.60B | -28.0% | $2.66B | 47.5% | $1.53B | 27.2% |
| 2018 | $7.79B | +4.5% | $4.26B | 54.7% | $2.85B | 36.6% |
| 2017 | $7.45B | -0.9% | $4.20B | 56.4% | $2.90B | 39.0% |
| 2016 | $7.52B | -2.0% | $4.16B | 55.4% | $2.94B | 39.1% |
Full PPL Stock Analysis
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Start ComparisonPPL — Frequently Asked Questions
Quick answers to the most common questions about buying PPL stock.
Is PPL's revenue growth accelerating or slowing?
PPL revenue growth slowed to +2.8%, below the 5-year CAGR of +10.6%. TTM revenue is $9.0B. The deceleration marks a shift from historical growth rates.
What is PPL's long-term revenue growth rate?
PPL Corporation's 5-year revenue CAGR of +10.6% reflects the variable expansion pattern. Current YoY growth of +2.8% is near this long-term average.
How is PPL's revenue distributed by segment?
PPL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.