Fortis (FTS) Operating Income (2015 - 2026)
Fortis (FTS) posted quarterly Operating Income of $690.4 million for Q2 2026, little changed year-over-year from $687.8 million in Q2 2025, and down 36.33% on a QoQ basis from $1.1 billion in Q1 2026.
Fortis (FTS) Operating Income (2015 - 2026) Analysis & Trends
Fortis has reported Operating Income for 12 years, with the latest figure at $690.4 million in Q2 2026.
- Operating Income for Q2 2026 came in at $690.4 million, changed 0.38% year-over-year; the trailing twelve-month figure through Jun 2026 was -$118.7 million (down 71.15% YoY), and the FY2025 annual result was $2.5 billion, up 6.26% from the prior year.
- Operating Income fell to $690.4 million in Q2 2026, from $1.1 billion in the prior quarter.
- Over five years, Operating Income peaked at $1.1 billion in Q1 2026 and troughed at -$3.3 billion in Q4 2022.
- A 5-year average of -$14.0 million and a median of $772.7 million in 2022 frame the typical range for Operating Income.
- The widest annual swing landed in 2022, when Operating Income tumbled 400.33%; it then increased 16.54% in 2023.
- A 5-year view of Operating Income shows it stood at -$3.3 billion in 2022, then advanced by 3.3% to -$3.2 billion in 2023, then increased by 13.82% to -$2.7 billion in 2024, then dropped by 6.37% to -$2.9 billion in 2025, then surged by 123.78% to $690.4 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were $690.4 million in Q2 2026, $1.1 billion in Q1 2026, and -$2.9 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | National Grid | 79.27 Bn | 75.46 Bn | - | - |
| 2 | Dominion Energy | 59.11 Bn | 58.33 Bn | 3.50 Bn | 329.00 Mn |
| 3 | Xcel Energy | 48.06 Bn | 46.05 Bn | 3.12 Bn | 706.00 Mn |
| 4 | Wec Energy | 34.91 Bn | 34.86 Bn | 1.45 Bn | 432.80 Mn |
| 5 | Ameren | 29.65 Bn | 29.64 Bn | - | 459.00 Mn |
| 6 | Fortis | 28.31 Bn | 28.31 Bn | 1.60 Bn | 690.39 Mn |
| 7 | Edison International | 27.74 Bn | 27.50 Bn | 3.29 Bn | 1.09 Bn |
| 8 | Firstenergy | 26.70 Bn | 26.51 Bn | 2.51 Bn | 677.00 Mn |
| 9 | Hydro One | 24.05 Bn | 23.66 Bn | - | - |
| 10 | Cms Energy | 21.44 Bn | 21.20 Bn | 3.65 Bn | 754.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 690.39 Mn |
| Mar 31, 2026 | 1.08 Bn |
| Dec 31, 2025 | -2.90 Bn |
| Sep 30, 2025 | 1.01 Bn |
| Jun 30, 2025 | 687.79 Mn |
| Mar 31, 2025 | 1.02 Bn |
| Dec 31, 2024 | -2.73 Bn |
| Sep 30, 2024 | 948.57 Mn |
| Jun 30, 2024 | 640.48 Mn |
| Mar 31, 2024 | 996.66 Mn |
| Dec 31, 2023 | -3.17 Bn |
| Sep 30, 2023 | 942.86 Mn |
| Jun 30, 2023 | 617.90 Mn |
| Mar 31, 2023 | 936.46 Mn |
| Dec 31, 2022 | -3.27 Bn |
| Sep 30, 2022 | 857.99 Mn |
| Jun 30, 2022 | 530.21 Mn |
| Mar 31, 2022 | 855.00 Mn |
| Dec 31, 2021 | -654.50 Mn |
| Sep 30, 2021 | 776.93 Mn |