Filing Flows › PPL (PPL) › Q2 2025
PPL (PPL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
PPL (PPL) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), +8% from a year earlier and -19% from the quarter before. Operating margin was 20.0%, net earnings $183M (9.0% of revenue).
PPL, Q2 2025: revenue $2.0B (+8% year over year), operating margin 20.0%, net earnings $183M, operating cash flow $602M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -19% | +8% |
| Operating profit | $406M | -40% | +4% |
| Net earnings | $183M | -56% | -4% |
| Operating cash flow | $602M | +17% | -21% |
What changed
Revenue was $2.0B in Q2 2025, up 8% year over year and down 19% from the previous quarter.
Operating profit was $0.41B, a 20.0% margin (down 0.7 points year over year). Of the extra revenue versus a year earlier, 11% reached operating profit, below the 21% margin then. Total costs grew 9% against revenue growth of 8%. Net earnings were $0.18B, down 4% year over year. The effective tax rate was 20.4%.
Operating cash flow was $0.60B (down 21% year over year), 329% of net earnings. Non-cash charges added back $0.32B of depreciation. Working capital and other items added $0.10B. Capital expenditures of $0.93B exceeded it, leaving free cash flow of −$0.33B.
Questions
What was PPL's revenue in the second quarter 2025?
PPL (PPL) reported revenue of $2.0B for the second quarter 2025 (Q2 2025), +8% from a year earlier and -19% from the quarter before.
Was PPL profitable in the second quarter 2025?
Operating profit was $406M (20.0% of revenue) and net earnings $183M.
Source: PPL 10-Q on SEC EDGAR.