Retail was Vistra’s largest segment in fiscal 2025, bringing in $14.34B of $17.74B (81%).
| Segment | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Retail | $9.46B | $10.57B | $12.80B | $14.34B | |
| East | $4.43B | $5.89B | $5.66B | $6.17B | |
| Texas | $3.88B | $3.98B | $5.39B | $5.35B | |
| Sunset | — | — | — | — | |
| West | $336.00M | $866.00M | $839.00M | $325.00M | |
| Asset Closure | $384.00M | $48.00M | $39.00M | $74.00M | |
| Eliminations | — | — | — | — | |
| Corporate & Other | -$4.75B | -$6.58B | -$7.51B | -$8.53B | |
| Total | $13.73B | $14.78B | $17.22B | $17.74B |
Vistra brought in $17.74B from its six segments in fiscal 2025, the year ended December 31, 2025. That was up 3.0% from $17.22B in fiscal 2024. Retail was the largest at $14.34B (80.8%), ahead of East at $6.17B (34.8%) and Texas at $5.35B (30.2%). The other two segments brought in $399.00M combined.
Compared with fiscal 2024, Retail grew fastest, up 12.1% to $14.34B, while Texas fell the most, down 0.8% to $5.35B. From fiscal 2022 to 2025, combined revenue from these segments grew from $13.73B to $17.74B, a compound annual growth rate of 8.9%. Retail's share of the total rose from 68.9% to 80.8%.
The total is net of Corporate & Other, which took $8.53B off revenue in fiscal 2025.
Total Other Revenues was Vistra’s largest product and service line in fiscal 2023, bringing in $7.55B of $14.85B (51%).
| Product and Service | FY 2023 |
|---|---|
| Total Other Revenues | $7.55B |
| Intersegment Sales | $6.58B |
| Hedging Revenue — Unrealized | $714.00M |
| Transferable Ptc Revenues | $10.00M |
| Intangible Amortization & Other Revenues | -$3.00M |
| Total | $14.85B |
Vistra brought in $14.85B from its five product and service lines in fiscal 2023, the year ended December 31, 2023. Total Other Revenues was the largest at $7.55B (50.8%), ahead of Intersegment Sales at $6.58B (44.3%) and Hedging Revenue — Unrealized at $714.00M (4.8%). The remaining line, Transferable Ptc Revenues, brought in $10.00M.
The total is net of Intangible Amortization & Other Revenues, which took $3.00M off revenue in fiscal 2023.
Vistra (VST) reports its revenue by segment and by product and service. In fiscal 2025, Retail was its largest segment, bringing in $14.34B (80.8% of the total), followed by East at $6.17B (34.8%).
Retail was Vistra's largest segment in fiscal 2025, bringing in $14.34B, or 80.8% of the $17.74B total across its six segments.
Total Other Revenues was Vistra's largest product and service line in fiscal 2023, bringing in $7.55B, or 50.8% of the $14.85B total across its five product and service lines.
Among Vistra's segments that make up at least 2% of revenue, Retail grew fastest in fiscal 2025, up 12.1% from $12.80B to $14.34B.
Every figure comes from Vistra's annual financial filings, as reported. Each line keeps the name Vistra gives it, and years follow its fiscal calendar.
Vistra's revenue by segment goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.