Filing Flows › Exelon (EXC) › Q1 2026
Exelon (EXC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Exelon (EXC) reported revenue of $7.2B for the first quarter 2026 (Q1 2026), +8% from a year earlier and +34% from the quarter before. Operating margin was 22.2%, net earnings $919M (12.7% of revenue).
Exelon, Q1 2026: revenue $7.2B (+8% year over year), operating margin 22.2%, net earnings $919M, operating cash flow $1.7B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2B | +34% | +8% |
| Operating profit | $1.6B | +35% | +4% |
| Net earnings | $919M | +55% | +1% |
| Operating cash flow | $1.7B | +39% | +44% |
What changed
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.
Questions
What was Exelon's revenue in the first quarter 2026?
Exelon (EXC) reported revenue of $7.2B for the first quarter 2026 (Q1 2026), +8% from a year earlier and +34% from the quarter before.
Was Exelon profitable in the first quarter 2026?
Operating profit was $1.6B (22.2% of revenue) and net earnings $919M.
Source: Exelon 10-Q on SEC EDGAR.