NGG

National Grid
D

NGG

Arincen37/100B

National Grid income statement 1993–2027

18.92B GBP over the last twelve months, and 17.69B GBP in fiscal year 2026.

Revenue Operating income Net income

Click a line's chart icon in the table to add it to the chart; hover over it for a quick look.

Fiscal year
TTM
30 Sept 2026
FY2026
31 Mar 2026
FY2025
31 Mar 2025
FY2024
31 Mar 2024
FY2023
31 Mar 2023
FY2022
31 Mar 2022
FY2021
31 Mar 2021
FY2020
31 Mar 2020
FY2019
31 Mar 2019
FY2018
31 Mar 2018
FY2017
31 Mar 2017
Revenue
18.92B17.69B18.38B19.85B21.66B18.45B18.45B13.36B14.93B15.25B15.04B
Revenue growth
+9.50%-3.76%-7.42%-8.35%+17.40%0.00%+38.09%-10.53%-2.08%+1.43%+13.80%
Cost of revenue
—12.10B4.15B5.27B8.62B6.10B6.10B4.04B3.15B2.84B2.38B
Gross profit
12.35B5.87B14.23B14.58B13.04B12.35B12.35B9.32B11.79B12.41B12.65B
Gross margin
65.25%33.19%77.42%73.44%60.19%66.95%66.95%69.79%78.92%81.39%84.14%
Research and development
——42.40M32.03M22.39M11.45M11.34M14.39M19.04M12.25M14.61M
Selling, general and administrative
—0.000.000.000.000.000.000.000.000.000.00
Operating expenses
—438.93M9.29B10.10B8.16B7.98B7.98B7.05B8.92B8.92B9.44B
6.57B5.43B4.93B4.48B4.88B4.37B4.37B2.28B2.87B3.49B3.21B
Operating income growth
+30.88%+10.07%+10.26%-8.28%+11.62%0.00%+91.79%-20.59%-17.84%+8.88%-0.53%
Operating margin
34.71%30.71%26.85%22.54%22.53%23.69%23.69%17.06%19.22%22.90%21.34%
Interest income
—267.28M336.21M140.12M77.86M64.52M31.18M49.34M54.12M50.89M29.23M
Interest expense
—1.32B1.38B1.35B1.38B1.07B685.03M1.01B929.01M942.39M933.21M
Other non-operating income
-1.43B-1.62B-1.28B-1.43B-1.29B-930.00M-930.00M-879.00M-1.03B-833.00M-1.02B
Pretax income
5.14B4.25B3.65B3.05B3.59B3.44B3.44B1.40B1.84B2.66B2.18B
Income tax
1.13B954.27M821.00M831.00M876.00M1.26B1.26B370.00M339.00M-889.00M374.00M
Effective tax rate
21.96%22.45%22.49%27.26%24.40%36.56%36.56%26.43%18.41%-33.42%17.12%
4.01B3.24B2.90B2.29B7.80B2.35B2.35B1.26B1.51B3.55B7.80B
Net income growth
+41.57%+11.68%+26.72%-70.63%+231.36%0.00%+86.16%-16.35%-57.44%-54.46%+200.85%
Net margin
21.18%18.32%15.79%11.54%36.00%12.75%12.75%9.46%10.12%23.28%51.85%
Basic shares
998.47M989.20M941.40M803.38M796.20M783.15M783.15M753.12M736.80M753.12M750.60M
Diluted shares
999.59M994.20M945.80M807.08M799.90M786.84M786.84M756.82M740.06M756.38M753.99M
Change in diluted shares
+1.51%+5.12%+17.19%+0.90%+1.66%0.00%+3.97%+2.26%-2.16%+0.32%-0.26%
EPS (basic)
4.053.353.042.859.553.133.011.712.064.443.44
EPS (diluted)
4.053.303.032.849.503.112.991.702.054.423.42
EPS growth
+41.61%+8.91%+6.69%-70.11%+205.47%+4.01%+75.88%-17.07%-53.62%+29.24%-5.00%
Dividends per share
3.243.126.993.513.093.433.143.093.128.823.26
Dividend growth
+5.72%-55.36%+99.37%+13.31%-9.75%+9.12%+1.57%-0.96%-64.61%+170.52%-9.97%
EBITDA
8.61B7.82B7.65B6.83B7.25B6.43B6.17B3.83B4.45B5.33B4.74B
EBITDA margin
45.52%44.19%41.60%34.42%33.49%34.84%33.46%28.70%29.81%34.95%31.52%
EBIT
6.22B5.57B5.46B4.77B5.27B4.60B4.60B2.40B2.86B3.80B3.26B

Figures in GBP. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Figures underlined with dots are from the company's SEC filings, where our data provider's differ.

Common questions about National Grid's income statement

Source: Financial Modeling Prep