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Florida Power & Light earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Jul 24, 2026
Q2 2026 Revenue up 12% year over year to $7.5B · 42¢ of every $1 of revenue kept as net profit · operating margin 29.7%
Florida Power & Light made $7.5B in Q2 2026 (+12% Y/Y). Operating margin 29.7%, net earnings $3.1B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Jul 24, 2026.
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What changed this quarter
Revenue was $7.5B in Q2 2026, up 12% year over year.
Operating profit was $2.2B, a 29.7% margin (up 1.2 points year over year). Of the extra revenue versus Q2 2025, 39% reached operating profit, above the 29% margin then. Total costs grew 11% against revenue growth of 12%. Net earnings were $3.1B, up 55% year over year ($2.6B including minority interests, which bore $0.52B of losses). The effective tax rate was -3.3%.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Jul 24, 2026 | $7.5B | +12% | 29.7% | $3.1B | — |
| Q2 2025 | 10-Q | Jul 23, 2025 | $6.7B | — | 28.5% | $2.0B | — |
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About Florida Power & Light
NEE is one of the largest electric power and energy infrastructure companies in North America. As of December 31, 2025, NEE had approximately 80 gigawatts of net generation and storage capacity from a diverse portfolio of assets, primarily including natural gas, wind, solar and nuclear generation facilities and battery storage facilities. NEE has two principal businesses, FPL and NEER. FPL is the largest electric utility in Florida and the U.S. FPL’s strategic focus is centered on investing in generation, storage, transmission and distribution facilities to deliver on its value proposition of keeping customer bills low and delivering high reliability, outstanding customer service and energy from diverse generation sources for the benefit of its more than six million customer accounts. NEER is one of t he largest energy infrastructure developers in the U.S.
In its own words, from its 10-K, filed Feb 13, 2026.
Florida Power & Light against its Electric Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +12% against the peers' median +13%. Operating margin: 29.7% against the peers' median 26.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| Florida Power & Light | Q2 2026 | $7.5B | +12% | 29.7% |
| Southern Power | Q3 2026 | $8.8B | +13% | 33.9% |
| NEE NextEra Energy | Q3 2026 | $8.1B | +2% | 32.4% |
| CEG Constellation Energy | Q2 2026 | $7.5B | +23% | 7.7% |
| NRG NRG Energy | Q2 2026 | $7.5B | +11% | 13.0% |
| AEP Texas | Q3 2026 | $6.8B | +14% | 26.5% |
| VST Vistra | Q3 2026 | $6.3B | +28% | 26.9% |
| D Dominion Energy | Q3 2026 | $5.6B | +24% | 32.8% |
| AEP American Electric Power | Q2 2026 | $5.4B | +7% | 22.9% |
Source: Florida Power & Light 10-Q on SEC EDGAR · CIK 37634 · Electric Services