37/100B84.310
USD
0.70
(0.84%)
Market Closed
Last updated: · Delayed 15 min
Fair value150.49Plus-44%113Price 84.31188
H2 FY2027 · Earnings report
EPS estimate 3.83Revenue estimate 14.91B
H2 FY2027 · Earnings report
EPS estimate 3.83Revenue estimate 14.91B
National Grid operating income 1993–2027What are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.
National Grid's operating income in H1 FY2027, the six months to 30 September 2026, was 2.36B GBP, up 54.6% on the same half a year before. National Grid's operating income over the last twelve months was 6.57B GBP, up 30.9% on the twelve months before. In fiscal year 2026 it was 5.43B GBP, up 10.1% on the year before.
Last updated 12 Nov 2026 · Next report 20 May 2027
Operating income
Operating income · +5.4% a year over 10 yearsOperating margin
Growth
| Fiscal year | Period ending | Operating income | Growth | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| TTM | 30 Sept 2026 | 6.57B | +30.88% | 34.71% | 12.35B | 65.25% | 8.61B |
| FY2026 | 31 Mar 2026 | 5.43B | +10.07% | 30.71% | 5.87B | 33.19% | 7.82B |
| FY2025 | 31 Mar 2025 | 4.93B | +10.26% | 26.85% | 14.23B | 77.42% | 7.65B |
| FY2024 | 31 Mar 2024 | 4.48B | -8.28% | 22.54% | 14.58B | 73.44% | 6.83B |
| FY2023 | 31 Mar 2023 | 4.88B | +11.62% | 22.53% | 13.04B | 60.19% | 7.25B |
| FY2022 | 31 Mar 2022 | 4.37B | 0.00% | 23.69% | 12.35B | 66.95% | 6.43B |
| FY2021 | 31 Mar 2021 | 4.37B | +91.79% | 23.69% | 12.35B | 66.95% | 6.17B |
| FY2020 | 31 Mar 2020 | 2.28B | -20.59% | 17.06% | 9.32B | 69.79% | 3.83B |
| FY2019 | 31 Mar 2019 | 2.87B | -17.84% | 19.22% | 11.79B | 78.92% | 4.45B |
| FY2018 | 31 Mar 2018 | 3.49B | +8.88% | 22.90% | 12.41B | 81.39% | 5.33B |
| FY2017 | 31 Mar 2017 | 3.21B | -0.53% | 21.34% | 12.65B | 84.14% | 4.74B |
| FY2016 | 31 Mar 2016 | 3.23B | -14.68% | 24.41% | 10.92B | 82.67% | 4.56B |
| FY2015 | 31 Mar 2015 | 3.78B | +1.20% | 24.87% | 12.10B | 79.60% | 5.25B |
| FY2014 | 31 Mar 2014 | 3.74B | -0.37% | 25.22% | 11.59B | 78.26% | 5.39B |
| FY2013 | 31 Mar 2013 | 3.75B | +6.05% | 26.11% | 11.90B | 82.90% | 5.28B |
| FY2012 | 31 Mar 2012 | 3.54B | -5.61% | 25.56% | 10.86B | 78.54% | 4.90B |
| FY2011 | 31 Mar 2011 | 3.75B | +13.73% | 26.11% | 10.84B | 75.58% | 6.37B |
| FY2010 | 31 Mar 2010 | 3.29B | +25.54% | 23.51% | 10.19B | 72.76% | 5.56B |
| FY2009 | 31 Mar 2009 | 2.62B | -9.21% | 16.72% | 5.20B | 33.14% | 4.98B |
| FY2008 | 31 Mar 2008 | 2.89B | +14.96% | 25.13% | 5.14B | 44.68% | 5.22B |
| FY2007 | 31 Mar 2007 | 2.51B | +3.03% | 28.63% | 2.51B | 28.63% | 4.53B |
| FY2006 | 31 Mar 2006 | 2.44B | +31.70% | 26.53% | 4.64B | 50.49% | -1.16B |
| FY2005 | 31 Mar 2005 | 1.85B | +0.82% | 21.73% | 0.00 | 0.00% | 2.69B |
| FY2004 | 31 Mar 2004 | 1.84B | +8.31% | 20.34% | 0.00 | 0.00% | 1.94B |
| FY2003 | 31 Mar 2003 | 1.70B | +398.82% | 18.04% | 0.00 | 0.00% | 1.80B |
| FY2002 | 31 Mar 2002 | 340.00M | -78.78% | 4.50% | 0.00 | 0.00% | 698.50M |
| FY2001 | 31 Mar 2001 | 1.60B | +43.34% | 23.25% | 0.00 | 0.00% | 1.91B |
| FY2000 | 31 Mar 2000 | 1.12B | +93.56% | 69.21% | 0.00 | 0.00% | 721.40M |
| FY1999 | 31 Mar 1999 | 577.40M | +7.76% | 38.13% | 0.00 | 0.00% | 708.20M |
| FY1998 | 31 Mar 1998 | 535.80M | -25.18% | 33.29% | 0.00 | 0.00% | 694.10M |
| FY1997 | 31 Mar 1997 | 716.10M | +9.11% | 49.13% | 0.00 | 0.00% | 831.70M |
| FY1996 | 31 Mar 1996 | 656.30M | +8.73% | 44.14% | 0.00 | 0.00% | 820.60M |
| FY1995 | 31 Mar 1995 | 603.60M | +3.13% | 42.26% | 0.00 | 0.00% | 807.40M |
| FY1994 | 31 Mar 1994 | 585.30M | +5.59% | 41.07% | 0.00 | 0.00% | 790.10M |
| FY1993 | 31 Mar 1993 | 554.30M | — | 39.83% | 0.00 | 0.00% | 749.30M |
| Quarter | Period ending | Operating income | Growth on a year before | Operating margin | Gross profit | Gross margin | EBITDA |
|---|---|---|---|---|---|---|---|
| H1 FY2027 | 30 Sept 2026 | 2.36B | +54.59% | 28.99% | 8.14B | 100.00% | 3.56B |
| H2 FY2026 | 31 Mar 2026 | 4.21B | +20.52% | 39.02% | 4.21B | 39.02% | 5.05B |
| H1 FY2026 | 30 Sept 2025 | 1.53B | +16.58% | 21.65% | 1.61B | 22.86% | 2.70B |
| H2 FY2025 | 31 Mar 2025 | 3.49B | -1.84% | 34.13% | 3.49B | 34.13% | 4.54B |
| H1 FY2025 | 30 Sept 2024 | 1.31B | -19.51% | 17.18% | 1.16B | 15.20% | 2.41B |
| H2 FY2024 | 31 Mar 2024 | 3.56B | +34.72% | 31.34% | 3.56B | 31.34% | 3.30B |
| H1 FY2024 | 30 Sept 2023 | 1.63B | -27.36% | 23.38% | 6.96B | 100.00% | 2.46B |
| H2 FY2023 | 31 Mar 2023 | 2.64B | -1.07% | 21.61% | 12.22B | 100.00% | 3.37B |
| H1 FY2023 | 30 Sept 2022 | 2.24B | +50.07% | 23.71% | 9.44B | 100.00% | 2.79B |
| H2 FY2022 | 31 Mar 2022 | 2.67B | +96.18% | 22.64% | 2.67B | 22.64% | 3.93B |
| H1 FY2022 | 30 Sept 2021 | 1.49B | +45.14% | 21.50% | 1.34B | 19.29% | 2.43B |
| H2 FY2021 | 31 Mar 2021 | 1.36B | -40.95% | 18.34% | 1.36B | 18.34% | 2.08B |
| H1 FY2021 | 30 Sept 2020 | 1.03B | -7.29% | 17.28% | 1.03B | 17.28% | 1.66B |
| H2 FY2020 | 31 Mar 2020 | 2.30B | — | 26.90% | 2.30B | 26.90% | 2.65B |
| H1 FY2020 | 30 Sept 2019 | 1.11B | +9.03% | 17.31% | 1.11B | 17.31% | 1.77B |
| H2 FY2019 | 31 Mar 2019 | 0.00 | — | — | 0.00 | — | 945.82M |
| H1 FY2019 | 30 Sept 2018 | 1.02B | -20.17% | 16.02% | 0.00 | 0.00% | 803.82M |
| H2 FY2018 | 31 Mar 2018 | 0.00 | — | — | 0.00 | — | 741.75M |
| H1 FY2018 | 30 Sept 2017 | 1.27B | — | 19.06% | 0.00 | 0.00% | 736.01M |
| H2 FY2017 | 31 Mar 2017 | 0.00 | — | — | 0.00 | — | 612.12M |
| H1 FY2017 | 30 Sept 2016 | 0.00 | — | — | 0.00 | — | 911.03M |
| H2 FY2016 | 31 Mar 2016 | 0.00 | — | — | 0.00 | — | 671.00M |
| H1 FY2016 | 30 Sept 2015 | 0.00 | — | — | 0.00 | — | 796.00M |
| H2 FY2015 | 31 Mar 2015 | 0.00 | — | — | 0.00 | — | 640.00M |
| H1 FY2015 | 30 Sept 2014 | 0.00 | — | — | 0.00 | — | 721.00M |
| H2 FY2014 | 31 Mar 2014 | 0.00 | — | — | 0.00 | — | 299.50M |
| H1 FY2014 | 30 Sept 2013 | 0.00 | — | — | 0.00 | — | 345.00M |
| H2 FY2013 | 31 Mar 2013 | 0.00 | — | — | 0.00 | — | 299.50M |
| H1 FY2013 | 30 Sept 2012 | 0.00 | — | — | 0.00 | — | 330.50M |
| H2 FY2012 | 31 Mar 2012 | 0.00 | — | — | 0.00 | — | 0.00 |
| H2 FY2008 | 31 Mar 2008 | -4.86B | — | -132.20% | 0.00 | 0.00% | -3.58B |
| H1 FY2008 | 30 Sept 2007 | -1.04B | — | -48.82% | 0.00 | 0.00% | -754.24M |
| H2 FY2007 | 31 Mar 2007 | -8.04B | — | -342.91% | 0.00 | 0.00% | -8.04B |
| H1 FY2007 | 30 Sept 2006 | -955.04M | -187.81% | -50.24% | 0.00 | 0.00% | -924.04M |
| H2 FY2006 | 31 Mar 2006 | -8.72B | — | -336.72% | 0.00 | 0.00% | -8.72B |
| H1 FY2006 | 30 Sept 2005 | 1.09B | -49.23% | 56.08% | 532.47M | 27.46% | 565.26K |
| H1 FY2005 | 30 Sept 2004 | 2.14B | — | 29.02% | 8.52B | 115.43% | 1.96B |
| H1 FY2004 | 30 Sept 2003 | — | — | — | — | — | — |
| H1 FY2003 | 30 Sept 2002 | — | — | — | — | — | — |
| H1 FY2002 | 30 Sept 2001 | — | — | — | — | — | — |
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.
See also:Revenue,Net income,EPS,Shares outstanding,Cash on hand,Total debt,Free cash flow,Stock buybacks,Income statement
Common questions about National Grid's operating income
Source: Financial Modeling Prep