Filing Flows › PPL (PPL) › Operating margin
PPL (PPL) operating margin by quarter
PPL's operating margin was 26.6% in Q3 2026 (third quarter 2026), +4.1 pts from Q2 2026. Over the last 7 quarters it ranged from 20.0% (Q2 2025) to 27.1% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 26.6% | +4.1 pts | +1.2 pts |
| Q2 2026 | 22.5% | -4.4 pts | +2.5 pts |
| Q1 2026 | 26.9% | +5.9 pts | -0.2 pts |
| Q4 2025 | 20.9% | -4.5 pts | — |
| Q3 2025 | 25.4% | +5.4 pts | — |
| Q2 2025 | 20.0% | -7.0 pts | — |
| Q1 2025 | 27.1% | — | — |
Q3 2026 at a glance
PPL, Q3 2026: revenue $2.5B (+12% year over year), operating margin 26.6%, net earnings $367M, operating cash flow $916M. The chart follows the revenue to costs, profit and cash.
Questions
What is PPL's operating margin?
PPL's operating margin was 26.6% in Q3 2026 (third quarter 2026), +4.1 pts from Q2 2026.
How has PPL's operating margin changed?
Over the last 7 quarters it ranged from 20.0% (Q2 2025) to 27.1% (Q1 2025).