NGG
National Grid·NYSE
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NGG fundamentals
During H1 2026, National Grid (NGG) reported revenue of 9.50B, a YoY change of -10.96%. Net income was 830.78M, a YoY change of -4.32%. Click to view the full income statement and explore the company's earnings performance.
Income Statement
FY,2015 | FY,2016 | FY,2017 | H1,2018 | FY,2018 | H1,2019 | FY,2019 | FY,2020 | H1,2021 | FY,2021 | H1,2022 | FY,2022 | H1,2023 | FY,2023 | H1,2024 | FY,2024 | H1,2025 | FY,2025 | H1,2026 | TTM |
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Start Date | Apr 1, 2014 | Apr 1, 2015 | Apr 1, 2016 | Apr 1, 2017 | Apr 1, 2017 | Apr 1, 2018 | Apr 1, 2018 | Apr 1, 2019 | Apr 1, 2020 | Apr 1, 2020 | Apr 1, 2021 | Apr 1, 2021 | Apr 1, 2022 | Apr 1, 2022 | Apr 1, 2023 | Apr 1, 2023 | Apr 1, 2024 | Apr 1, 2024 | Apr 1, 2025 | -- |
End Date | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Sep 30, 2017 | Mar 31, 2018 | Sep 30, 2018 | Mar 31, 2019 | Mar 31, 2020 | Sep 30, 2020 | Mar 31, 2021 | Sep 30, 2021 | Mar 31, 2022 | Sep 30, 2022 | Mar 31, 2023 | Sep 30, 2023 | Mar 31, 2024 | Sep 30, 2024 | Mar 31, 2025 | Sep 30, 2025 | -- |
Fiscal Year-End | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | Mar 31 | -- |
Revenue | 19.84B -- | 19.00B -4.21% | 18.85B -0.79% | 8.96B -- | 21.39B +13.48% | 8.28B -7.51% | 19.46B -9.02% | 16.64B -14.50% | 7.84B -- | 18.85B +13.30% | 9.35B +19.33% | 24.26B +28.72% | 10.51B +12.47% | 26.79B +10.41% | 10.37B -1.39% | 25.08B -6.37% | 10.67B +2.88% | 23.70B -5.52% | 9.50B -10.96% | 22.53B -- |
Sales and Services Revenue | 19.84B -- | 19.00B -4.21% | 18.85B -0.79% | 8.96B -- | 21.39B +13.48% | 8.28B -7.51% | 19.46B -9.02% | 16.64B -14.50% | 7.84B -- | 18.85B +13.30% | 9.35B +19.33% | 24.26B +28.72% | 10.51B +12.47% | 26.79B +10.41% | 10.37B -1.39% | 25.08B -6.37% | 10.67B +2.88% | 23.70B -5.52% | 9.50B -10.96% | 22.53B -- |
Cost of Revenue | 15.45B -- | 14.36B -7.06% | 14.83B +3.24% | 7.25B -- | 16.49B +11.22% | 6.96B -4.04% | 15.72B -4.68% | 13.80B -12.21% | -- -- | 15.54B +12.60% | -- -- | 18.52B +19.16% | -- -- | 20.76B +12.10% | -- -- | 19.43B -6.39% | -- -- | 17.34B -10.77% | -- -- | -- -- |
Cost of Goods and Services | -- -- | 3.28B -- | 2.90B -11.41% | -- -- | 6.28B +116.23% | -- -- | 6.45B +2.70% | 5.33B -17.39% | -- -- | 5.54B +4.06% | -- -- | 6.23B +12.47% | -- -- | 8.08B +29.54% | -- -- | 6.10B -24.44% | 8.80B -- | 6.64B +8.83% | 7.37B -16.31% | 5.21B -- |
Gross Profit | 4.38B -- | 15.72B +258.78% | 15.95B +1.42% | 1.71B -- | 15.11B -5.22% | 1.33B -22.25% | 13.01B -13.90% | 11.31B -13.07% | 7.84B -- | 13.31B +17.65% | 9.35B +19.33% | 18.03B +35.48% | 10.51B +12.47% | 18.71B +3.79% | -- -- | 18.98B +1.43% | 1.86B -- | 17.06B -10.13% | 2.13B +14.33% | 17.33B -- |
Other Operating Income | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0 -- | -- -- | 299.87M -- | -- -- | 1.22B +307.95% | 14.66M -- | 15.16M -98.76% | -- -- | -- -- | -- -- | -- -- |
Operating Expenses | -- -- | 11.08B -- | 10.07B -9.18% | -- -- | 10.21B +1.45% | -- -- | 9.27B -9.21% | 8.47B -8.61% | 6.59B -- | 10.00B +17.96% | 7.34B +11.30% | 12.58B +25.86% | 8.02B +9.30% | 13.90B +10.50% | 7.96B -0.79% | 13.34B -4.03% | 108.53M -98.64% | 10.70B -19.83% | 77.97M -28.16% | 10.67B -- |
Selling, General and Administrative Expenses | -- -- | 1.89B -- | -- -- | -- -- | 2.15B -- | -- -- | 2.26B +5.35% | 1.79B -20.96% | -- -- | 2.05B +14.63% | -- -- | 2.41B +17.49% | -- -- | 2.45B +1.96% | -- -- | 2.60B +6.13% | -- -- | 2.80B +7.69% | -- -- | -- -- |
Loss on Bad Debts | -- -- | -- -- | -- -- | -- -- | 50.50M -- | -- -- | 235.88M +367.11% | 291.42M +23.55% | -- -- | 448.34M +53.84% | -- -- | 219.64M -51.01% | -- -- | 272.12M +23.89% | 111.15M -- | 226.20M -16.87% | 108.53M -2.35% | 257.92M +14.02% | 77.97M -28.16% | 227.36M -- |
Loss on Impairment of Other Assets | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0 -- | -- -- | 0 -- | -- -- | 390.75M -- | -- -- | -- -- |
Loss on Disposal of Assets | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0 -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Other Operating Expenses | -- -- | 9.20B -- | 10.07B +9.43% | -- -- | 8.02B -20.37% | -- -- | 6.78B -15.48% | 6.40B -5.61% | 6.59B -- | 7.50B +17.26% | 7.34B +11.30% | 9.95B +32.75% | 8.02B +9.30% | 11.18B +12.27% | 7.85B -2.18% | 10.51B -5.95% | -- -- | 7.24B -31.10% | -- -- | -- -- |
Operating Income | 4.38B -- | 4.64B +5.83% | 5.88B +26.75% | 1.71B -- | 4.90B -16.65% | 1.33B -22.25% | 3.74B -23.66% | 2.84B -24.11% | 1.24B -- | 3.31B +16.70% | 2.01B +62.02% | 5.75B +73.56% | 2.49B +24.04% | 6.03B +4.98% | 2.42B -2.74% | 5.66B -6.29% | 1.75B -27.66% | 6.36B +12.52% | 2.05B +16.96% | 6.66B -- |
Non-Operating Income (Loss) | -1.47B -- | -1.29B +12.44% | -3.14B -143.73% | -662.06M -- | -1.17B +62.79% | -646.12M +2.41% | -1.34B -14.77% | -1.09B +18.37% | -487.12M -- | -1.02B +7.13% | -550.92M -13.10% | -1.22B -20.31% | -742.64M -34.80% | -1.59B -30.35% | -749.94M -0.98% | -1.80B -13.10% | -837.44M -11.67% | -1.66B +8.18% | -941.01M -12.37% | -1.76B -- |
Income (Loss) from Affiliates | 68.31M -- | 84.85M +24.21% | 78.98M -6.91% | 26.80M -- | 68.73M -12.98% | 32.63M +21.74% | 52.13M -24.16% | 108.35M +107.85% | 38.76M -- | 80.01M -26.15% | 55.23M +42.47% | 121.00M +51.23% | 56.78M +2.82% | 211.51M +74.80% | 86.72M +52.72% | 46.76M -77.89% | 76.37M -11.93% | 94.14M +101.34% | 52.43M -31.35% | 70.19M -- |
Other Non-Operating Income (Loss) | -- -- | -- -- | -1.86B -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- |
Net Interest Expense | 1.54B -- | 1.37B -10.82% | 1.36B -0.77% | 688.86M -- | 1.24B -9.22% | 678.76M -1.47% | 1.39B +12.60% | 1.20B -13.64% | 525.88M -- | 1.10B -8.84% | 606.15M +15.26% | 1.34B +22.56% | 799.42M +31.89% | 1.81B +34.35% | 836.66M +4.66% | 1.85B +2.45% | 913.81M +9.22% | 1.75B -5.41% | 993.44M +8.71% | 1.83B -- |
Interest Expense | 1.59B -- | 1.41B -11.82% | 1.43B +1.72% | 721.03M -- | 1.42B -0.97% | 733.58M +1.74% | 1.51B +6.53% | 1.27B -15.75% | 560.77M -- | 1.18B -7.37% | 672.15M +19.86% | 1.41B +19.82% | 840.62M +25.06% | 1.98B +40.19% | 977.12M +16.24% | 2.16B +9.46% | 1.23B +25.61% | 2.33B +7.71% | 1.27B +3.72% | 2.38B -- |
Interest Income | 53.46M -- | 31.64M -40.82% | 66.45M +110.02% | 32.16M -- | 178.14M +168.10% | 54.82M +70.44% | 114.68M -35.62% | 67.25M -41.36% | 34.89M -- | 80.01M +18.97% | 66.00M +89.19% | 65.76M -17.81% | 41.20M -37.58% | 170.69M +159.57% | 140.46M +240.96% | 313.40M +83.60% | 313.54M +123.22% | 580.32M +85.17% | 279.61M -10.82% | 546.40M -- |
Pretax Income From Continuing Operations | 2.91B -- | 3.35B +15.07% | 2.74B -18.25% | 1.05B -- | 3.80B +38.73% | 681.37M -34.82% | 2.40B -36.84% | 1.74B -27.33% | 753.29M -- | 2.30B +31.66% | 1.46B +93.66% | 4.53B +97.15% | 1.75B +19.98% | 4.44B -1.88% | 1.67B -4.33% | 3.85B -13.26% | 916.49M -45.27% | 4.71B +22.20% | 1.11B +21.16% | 4.90B -- |
Income Tax Expense | 693.50M -- | 614.07M -11.45% | 468.88M -23.64% | 205.05M -- | -1.24B -364.46% | 121.39M -40.80% | 441.78M +135.63% | 460.80M +4.30% | 117.58M -- | 496.62M +7.77% | 952.33M +709.93% | 1.65B +233.16% | 497.69M -47.74% | 1.08B -34.51% | 374.97M -24.66% | 1.05B -3.08% | 150.07M -59.98% | 1.06B +0.82% | 279.61M +86.32% | 1.19B -- |
Current Income Tax | -- -- | 363.84M -- | 224.41M -38.32% | -- -- | 270.72M +20.64% | -- -- | 114.68M -57.64% | 117.07M +2.08% | -- -- | 220.72M +88.54% | -- -- | 297.24M +34.67% | -- -- | 457.65M +53.97% | -- -- | 462.51M +1.06% | -- -- | 49.00M -89.40% | -- -- | -- -- |
Deferred Income Tax | -- -- | 250.23M -- | 244.47M -2.30% | -- -- | -1.52B -720.82% | -- -- | 327.10M +121.55% | 343.73M +5.08% | -- -- | 275.90M -19.73% | -- -- | 1.36B +391.95% | -- -- | 625.87M -53.89% | -- -- | 587.62M -6.11% | -- -- | 1.01B +71.84% | -- -- | -- -- |
Income from Discontinued Operations | 769.23M -- | 995.17M +29.37% | 7.50B +653.86% | 67.01M -- | 2.81M -99.96% | 3.92M -94.16% | 15.64M +457.44% | 292.67M +1771.48% | 142.13M -- | 464.89M +58.85% | 133.35M -6.18% | 224.90M -51.62% | 145.86M +9.38% | 6.29B +2695.55% | 79.39M -45.57% | 93.51M -98.51% | 101.83M +28.27% | 98.01M +4.81% | -- -- | -- -- |
Net Income | 2.99B -- | 3.73B +24.92% | 9.77B +161.94% | 907.32M -- | 4.98B -49.02% | 563.89M -37.85% | 1.97B -60.39% | 1.58B -20.15% | 777.84M -- | 2.26B +43.69% | 639.83M -17.74% | 3.10B +36.76% | 1.40B +118.56% | 9.64B +211.50% | 1.38B -1.39% | 2.90B -69.98% | 868.26M -37.04% | 3.75B +29.40% | 830.78M -4.32% | 3.71B -- |
Net Income Attributable to Minority Interests | -11.88M -- | 4.31M +136.32% | -1.25M -129.06% | 1.34M -- | 1.40M +211.88% | 1.31M -2.60% | 3.91M +178.72% | 1.25M -68.15% | 1.29M -- | 1.38M +10.77% | 1.35M +4.25% | 1.32M -4.66% | -- -- | 0 -100.00% | 1.22M -- | 1.26M -- | 1.34M +9.70% | 3.87M +206.15% | 1.34M +0.33% | 3.87M -- |
Net Income Attributable to Owners of the Company | 3.00B -- | 3.73B +24.28% | 9.77B +162.27% | 905.98M -- | 4.98B -49.05% | 562.58M -37.90% | 1.97B -60.46% | 1.57B -20.06% | 776.55M -- | 2.26B +43.72% | 638.48M -17.78% | 3.09B +36.79% | 1.40B +119.03% | 9.64B +211.64% | 1.38B -1.48% | 2.89B -69.99% | 866.92M -37.08% | 3.74B +29.32% | 829.43M -4.32% | 3.70B -- |
Net Income Attributable to Common Stockholders | 3.00B -- | 3.73B +24.28% | 9.77B +162.27% | 905.98M -- | 4.98B -49.05% | 562.58M -37.90% | 1.97B -60.46% | 1.57B -20.06% | 776.55M -- | 2.26B +43.72% | 638.48M -17.78% | 3.09B +36.79% | 1.40B +119.03% | 9.64B +211.64% | 1.38B -1.48% | 2.89B -69.99% | 866.92M -37.08% | 3.74B +29.32% | 829.43M -4.32% | 3.70B -- |
Other Comprehensive Income | -585.09M -- | 824.03M +240.84% | 777.29M -5.67% | 427.52M -- | 520.40M -33.05% | 1.22B +185.47% | 441.78M -15.11% | -205.49M -146.51% | -1.04B -- | -252.45M -22.85% | 1.15B +211.26% | 3.26B +1390.46% | 2.14B +85.67% | -685.24M -121.03% | 90.38M -95.78% | -379.11M +44.68% | -976.79M -1180.71% | -425.57M -12.25% | -522.93M +46.46% | 28.29M -- |
Total Comprehensive Income | 2.40B -- | 4.55B +89.67% | 10.55B +131.61% | 1.33B -- | 5.50B -47.85% | 1.78B +33.67% | 2.41B -56.11% | 1.37B -43.27% | -259.71M -- | 2.01B +46.82% | 1.79B +790.84% | 6.35B +215.90% | 3.54B +97.40% | 8.96B +41.00% | 1.47B -58.51% | 2.52B -71.92% | -108.53M -107.39% | 3.32B +31.98% | 307.84M +383.64% | 3.74B -- |
Total Comprehensive Income Attributable to Minority Interests | -- -- | 4.31M -- | -1.25M -129.06% | -- -- | 0 +100.00% | 2.61M -- | 5.21M -- | 2.49M -52.22% | -- -- | -1.38M -155.38% | -- -- | 2.63M +290.68% | 3.34M -- | 1.24M -52.98% | 1.22M -63.43% | 1.26M +2.17% | 0 -100.00% | 1.29M +2.05% | 1.34M -- | 2.63M -- |
Total Comprehensive Income Attributable to Owners of the Company | 2.40B -- | 4.55B +89.49% | 10.55B +131.86% | 1.33B -- | 5.50B -47.85% | 1.78B +33.48% | 2.43B -55.87% | 1.37B -43.68% | -259.71M -- | 2.01B +47.19% | 1.79B +790.84% | 6.35B +215.55% | 3.54B +97.21% | 8.96B +41.04% | 1.47B -58.51% | 2.51B -71.93% | -108.53M -107.39% | 3.32B +32.00% | 306.50M +382.41% | 3.73B -- |
Basic EPS | 0.79 -- | 0.99 +25.32% | 2.6 +162.63% | 0.26 -- | 1.44 -44.62% | 0.17 -34.62% | 0.58 -59.72% | 0.45 -22.41% | 0.22 -- | 0.64 +42.22% | 0.18 -18.18% | 0.86 +34.37% | 0.38 +111.11% | 2.44 +183.72% | 0.35 -7.89% | 0.73 -70.08% | 0.19 -45.71% | 0.79 +8.22% | 0.17 -10.53% | 0.77 -- |
Basic EPS from Continuing Operations | -- -- | 0.72 -- | 0.6 -16.67% | 0.24 -- | 1.44 +140.00% | 0.17 -29.17% | 0.58 -59.72% | 0.37 -36.21% | 0.18 -- | 0.51 +37.84% | 0.14 -22.22% | 0.8 +56.86% | 0.34 +142.86% | 0.85 +6.25% | 0.33 -2.94% | 0.7 -17.65% | 0.17 -48.48% | 0.77 +10.00% | 0.17 -- | 0.77 -- |
Basic EPS from Discontinued Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0.04 -- | -- -- | 0.04 -- | -- -- | 0.04 -- | 1.59 -- | 0.02 -50.00% | 0.02 -98.74% | 0.02 -- | 0.02 -- | -- -- | -- -- |
Diluted EPS | 0.78 -- | 0.98 +25.64% | 2.59 +164.29% | 0.25 -- | 1.43 -44.79% | 0.17 -32.00% | 0.58 -59.44% | 0.45 -22.41% | 0.22 -- | 0.64 +42.22% | 0.18 -18.18% | 0.85 +32.81% | 0.38 +111.11% | 2.43 +185.88% | 0.34 -10.53% | 0.72 -70.37% | 0.19 -44.12% | 0.79 +9.72% | 0.17 -10.53% | 0.77 -- |
Diluted EPS from Continuing Operations | -- -- | 0.72 -- | 0.6 -16.67% | 0.24 -- | 1.43 +138.33% | 0.16 -33.33% | 0.57 -60.14% | 0.37 -35.09% | 0.18 -- | 0.51 +37.84% | 0.14 -22.22% | 0.79 +54.90% | 0.34 +142.86% | 0.84 +6.33% | 0.32 -5.88% | 0.7 -16.67% | 0.17 -46.88% | 0.77 +10.00% | 0.17 -- | 0.77 -- |
Diluted EPS from Discontinued Operations | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | -- -- | 0.04 -- | -- -- | 0.04 -- | -- -- | 0.04 -- | 1.58 -- | 0.02 -50.00% | 0.02 -98.73% | 0.02 -- | 0.02 -- | -- -- | -- -- |
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What were the key takeaways from National Grid’s earnings call?What is National Grid's gross profit margin?What is the market's earnings forecast for National Grid next quarter?What were the key takeaways from National Grid's earnings call?Did National Grid beat or miss consensus estimates last quarter?What is the revenue and EPS growth rate for National Grid year over year?What is National Grid's latest dividend and current dividend yield?What factors drove the changes in National Grid's revenue and profit?
