Filing Flows › Exelon (EXC) › Q1 2026 › vs Q4 2025
Exelon (EXC) Q1 2026 vs Q4 2025 (quarter over quarter)
Exelon's revenue rose $1.8B (+34%) from $5.4B in Q4 2025 to $7.2B in Q1 2026. Operating margin 22.2% against 21.9% (+0.3 pts).
Exelon, Q1 2026: revenue $7.2B (+8% year over year), operating margin 22.2%, net earnings $919M, operating cash flow $1.7B. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.2% | 21.9% | +0.3 pts |
| Net margin | 12.7% | 11.0% | +1.7 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $7.2B | $5.4B | $1.8B | +34% |
| Operating profit | $1.6B | $1.2B | $420M | +35% |
| Costs & expenses | $5.6B | $4.2B | $1.4B | +33% |
| Pre-tax earnings | $1.1B | $721M | $398M | +55% |
| Other expense, net | $486M | $464M | $22.0M | +5% |
| Net earnings | $919M | $594M | $325M | +55% |
| Income tax | $200M | $127M | $73.0M | +57% |
| Depreciation & amortization | $953M | $924M | $29.0M | +3% |
| Working capital & other | $148M | $274M | −$126M | -46% |
| Operating cash flow | $1.7B | $1.2B | $480M | +39% |
| Capital expenditures | $2.4B | $2.4B | −$76.0M | -3% |
| Negative free cash flow (OCF − capex) | $634M | $1.2B | −$556M | -47% |
Questions
How much did Exelon's revenue grow quarter over quarter in Q1 2026?
Exelon's revenue rose $1.8B (+34%) from $5.4B in Q4 2025 to $7.2B in Q1 2026. Operating margin 22.2% against 21.9% (+0.3 pts).