National Grid (NGG) Operating Income (2009 - 2025)
National Grid (NGG) posted Operating Income of $2.1 billion for Q3 2025, up 21.07% on a QoQ basis from $1.7 billion in Q3 2024, and up 21.07% year-over-year from $1.7 billion in Q3 2024.
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Analysis
National Grid (NGG) Operating Income (2009 - 2025) Analysis & Trends
National Grid has reported Operating Income for 11 years, with the latest figure at $2.1 billion in Q3 2025.
- On a quarterly basis, Operating Income rose 21.07% year-over-year to $2.1 billion in Q3 2025; TTM through Sep 2025 was $13.1 billion, a 9.85% increase from a year earlier, with the FY2026 full-year figure at $7.3 billion, up 17.82% from the prior year.
- Operating Income was $2.1 billion for Q3 2025 at National Grid, up from $1.7 billion in the prior quarter.
- The five-year high for Operating Income was $6.9 billion in Q2 2024, with the low at $767.1 million in Q4 2022.
- Average Operating Income over 4 years is $2.5 billion, with a median of $1.9 billion recorded in 2024.
- The largest YoY upside for Operating Income was 682.95% in 2024 against a maximum downside of 31.94% in 2024.
- Over 4 years, Operating Income stood at $767.1 million in 2022, then soared by 225.78% to $2.5 billion in 2023, then tumbled by 31.94% to $1.7 billion in 2024, then gained by 21.07% to $2.1 billion in 2025.
- The last three Operating Income figures came in at $2.1 billion (Q3 2025), $1.7 billion (Q3 2024), and $6.9 billion (Q2 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 306.41 Bn | 306.41 Bn | 890.00 Mn | 685.00 Mn |
| 2 | National Grid | 79.91 Bn | 76.14 Bn | - | - |
| 3 | Dominion Energy | 54.94 Bn | 58.84 Bn | 3.50 Bn | 329.00 Mn |
| 4 | Xcel Energy | 44.99 Bn | 42.98 Bn | 3.12 Bn | 706.00 Mn |
| 5 | Wec Energy | 33.53 Bn | 33.88 Bn | 1.45 Bn | 432.80 Mn |
| 6 | Ameren | 28.13 Bn | 28.25 Bn | - | 459.00 Mn |
| 7 | Fortis | 27.32 Bn | 28.61 Bn | 1.60 Bn | 581.23 Mn |
| 8 | Firstenergy | 25.89 Bn | 27.19 Bn | 2.51 Bn | 677.00 Mn |
| 9 | Hydro One | 21.93 Bn | 21.54 Bn | - | 706.00 Mn |
| 10 | Edison International | 21.17 Bn | 20.93 Bn | 3.29 Bn | 1.09 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 2.06 Bn |
| Sep 30, 2024 | 1.70 Bn |
| May 23, 2024 | 6.89 Bn |
| Sep 30, 2023 | 2.50 Bn |
| May 18, 2023 | 880.06 Mn |
| Dec 31, 2022 | 767.10 Mn |
| Sep 30, 2017 | 1.65 Bn |
| Sep 30, 2016 | 2.02 Bn |
| Mar 31, 2016 | 187.76 Mn |
| Dec 31, 2015 | 127.47 Mn |
| Sep 30, 2015 | 2.85 Bn |
| Sep 30, 2014 | 918.93 Mn |
| Sep 30, 2013 | 2.37 Bn |
| Sep 30, 2012 | 2.75 Bn |
| Mar 31, 2012 | 69.13 Mn |
| Sep 30, 2009 | 2.24 Bn |
API Access
National Grid Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=NGG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "NGG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=NGG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();