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How National Grid (NGG) makes money
National Grid (NGG) made $8.1B of revenue in the H1 FY27 (H1 FY27), +15% from a year earlier. Of every dollar of revenue, 29¢ was left as operating profit, 17¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | H1 FY27 | % of revenue |
|---|---|---|
| Revenue | $8.1B | 100.0% |
| Operating profit | $2.4B | 29.0% |
| Income tax | $386M | 4.7% |
| Net earnings | $1.3B | 16.5% |
| Operating cash flow | $4.1B | 50.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| H1 FY27 | $8.1B | +15% |
From National Grid's 6-K filed Nov 5, 2026 (on EDGAR).
Questions
How does National Grid make money?
National Grid (NGG) made $8.1B of revenue in the H1 FY27 (H1 FY27), +15% from a year earlier. Of every dollar of revenue, 29¢ was left as operating profit, 17¢ was left as net earnings.
What is National Grid's profit margin?
Net earnings were $1.3B, 16.5% of revenue, in the H1 FY27; the operating margin was 29.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.