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Exelon (EXC) earnings and revenue breakdown
Latest: Q1 2026 · 10-Q filed May 6, 2026 · Exelon (EXC) Q1 2026 earnings results →
Q1 2026 Revenue up 8% year over year to $7.2B · 13¢ of every $1 of revenue kept as net profit · operating margin 22.2%
Exelon made $7.2B in Q1 2026 (+8% Y/Y). Operating margin 22.2%, net earnings $919M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed May 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $7.2B in Q1 2026, up 8% year over year and up 34% from the previous quarter.
Operating profit was $1.6B, a 22.2% margin (down 0.7 points year over year). Of the extra revenue versus Q1 2025, 13% reached operating profit, below the 23% margin then. Total costs grew 9% against revenue growth of 8%. Net earnings were $0.92B, up 1% year over year. The effective tax rate was 17.9%.
Operating cash flow was $1.7B (up 44% year over year), 188% of net earnings. Non-cash charges added back $1.0B of depreciation and amortization. Working capital and other items used $0.15B. Capital expenditures of $2.4B exceeded it, leaving free cash flow of −$0.63B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 10-Q | May 6, 2026 | $7.2B | +8% | 22.2% | $919M | $1.7B |
| Q4 2025 | 10-K | Feb 12, 2026 | $5.4B | -1% | 21.9% | $594M | $1.2B |
| Q3 2025 | 10-Q | Nov 4, 2025 | $6.7B | +9% | 22.4% | $875M | $2.3B |
| Q2 2025 | 10-Q | Jul 31, 2025 | $5.4B | +1% | 17.1% | $391M | $1.5B |
| Q1 2025 | 10-Q | May 1, 2025 | $6.7B | +11% | 22.9% | $908M | $1.2B |
| Q4 2024 | 10-K | Feb 12, 2025 | $5.5B | +2% | 20.1% | $647M | $1.4B |
Charts
In supply chains and themes
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Exelon against its Electric & Other Services Combined peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +8% against the peers' median +7%. Operating margin: 22.2% against the peers' median 22.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| EXC Exelon | Q1 2026 | $7.2B | +8% | 22.2% |
| DUK Duke Energy | Q3 2026 | $9.1B | +7% | 30.2% |
| Pepco Holdings LLC | Q3 2026 | $7.3B | +9% | 18.8% |
| PCG PG&E | Q3 2026 | $6.2B | -1% | 20.2% |
| ED Consolidated Edison | Q3 2026 | $4.9B | +8% | 23.8% |
| XEL Xcel Energy | Q3 2026 | $4.2B | +7% | 28.5% |
| Consolidated Edison Co of New York | Q2 2026 | $4.1B | +13% | 13.6% |
| PEG Public Service Enterprise Group | Q3 2026 | $3.0B | -6% | 20.6% |
| AEE Ameren | Q3 2026 | $2.9B | +7% | 31.2% |
Source: Exelon 10-Q on SEC EDGAR · CIK 1109357 · Electric & Other Services Combined
Guidance and outlook
13F: who owns EXC and who is buying
More on EXC
- How Exelon makes money: revenue by segment
- Exelon next earnings date and what analysts expect
- Exelon stock forecast, price target and fair value
- Who owns Exelon stock: holders, funds and Congress trades
- Exelon guidance and outlook
- Is Exelon a takeover target? LBO and rumors
- Exelon recalls, complaints and regulation
History
Every quarter: Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results