Filing Flows › Exelon (EXC) › Q3 2025
Exelon (EXC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Exelon (EXC) reported revenue of $6.7B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +24% from the quarter before. Operating margin was 22.4%, net earnings $875M (13.0% of revenue).
Exelon, Q3 2025: revenue $6.7B (+9% year over year), operating margin 22.4%, net earnings $875M, operating cash flow $2.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.7B | +24% | +9% |
| Operating profit | $1.5B | +62% | +25% |
| Net earnings | $875M | +124% | +24% |
| Operating cash flow | $2.3B | +52% | +36% |
| Free cash flow | $163M | — | — |
What changed
Revenue was $6.7B in Q3 2025, up 9% year over year and up 24% from the previous quarter.
Operating profit was $1.5B, a 22.4% margin (up 2.9 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 19% margin then. Total costs grew 5% against revenue growth of 9%. Net earnings were $0.88B, up 24% year over year. The effective tax rate was 15.0%.
Operating cash flow was $2.3B (up 36% year over year), 263% of net earnings. Non-cash charges added back $0.91B of depreciation and amortization. Working capital and other items added $0.51B. Capital expenditures of $2.1B left free cash flow of $0.16B.
Questions
What was Exelon's revenue in the third quarter 2025?
Exelon (EXC) reported revenue of $6.7B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +24% from the quarter before.
Was Exelon profitable in the third quarter 2025?
Operating profit was $1.5B (22.4% of revenue) and net earnings $875M.
Source: Exelon 10-Q on SEC EDGAR.