Income StatementBalance SheetCash FlowSegments
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Consolidated Edison Income Statement

Revenue, expenses, and profitability over time

Consolidated Edison generated $17.2B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $2.2B with a 12.52% net margin. Diluted EPS is $5.93, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$17.2BOperating Income (TTM)$3.0BNet Income (TTM)$2.2BEps Diluted (TTM)$5.93
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$39.5B
P/E Ratio18.31
ROE8.73%

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate Statutory Reconciliation—$0.2$0.2$0.2—$0.2
Unrecognized Tax Benefits Current Period Increases$2.0M$1.0M$2.0M$0.0—$400.0K
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Cash Paid for Income Taxes$1.0M-$33.0M-$148.0M$14.0M$0.0-$7.0M
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Income Tax at U.S. Statutory Rate$67.0M$217.0M$62.0M$187.0M$79.0M$258.0M
State and Local Income Taxes, Net-$172.0M$55.0M$13.0M$47.0M-$164.0M$64.0M
Tax Reconciliation: Other Adjustments—0.1%-1.1%-0.8%—0.3%
Effective Income Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Tax Reconciliation, Federal Statutory Amount$67.0M$217.0M$62.0M$187.0M$79.0M$258.0M
Tax Reconciliation, Other Items—$0.0-$0.0-$0.0—$0.0
Tax Reconciliation, State and Local Taxes—$0.1$0.0$0.1—$0.1
Tax Reconciliation, Tax Credits—0.4%———0.3%
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Income Taxes Paid, Net$1.0M-$33.0M-$148.0M$14.0M$0.0-$7.0M
Income tax expense$11.0M$242.0M$50.0M$202.0M$80.0M$303.0M
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Tax Reconciliation at Federal Statutory Rate—$0.2$0.2$0.2—$0.2
Tax Reconciliation - Federal Statutory Rate—$0.2$0.2$0.2—$0.2
Deferred Income Tax Expense (Benefit)$0.0$247.0M$54.0M$197.0M$92.0M$351.0M
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Income Taxes Paid, Net$1.0M-$33.0M-$148.0M$14.0M$0.0-$7.0M
Effective Income Tax Rate—$0.2$0.2$0.2—$0.2
Statutory Federal Income Tax Rate—$0.2$0.2$0.2—$0.2
Tax Reconciliation: Nondeductible Expenses-$500.0K-$1.0M———-$1.0M
Tax Reconciliation: Other Adjustments-$4.0M$1.0M-$3.0M-$8.0M-$3.0M$4.0M
Tax Reconciliation: Tax Credits—$4.0M———$3.0M
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Income and Other Taxes$1.0M-$33.0M-$148.0M$14.0M$0.0-$7.0M
Effective Tax Rate Continuing Operations—$0.2$0.2$0.2—$0.2
Tax Reconciliation Federal Statutory Rate—$0.2$0.2$0.2—$0.2
Tax Reconciliation Other Adjustments—$0.0-$0.0-$0.0—$0.0
Tax Reconciliation State and Local Taxes—$0.1$0.0$0.1—$0.1

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating Lease Cost$16.0M$17.0M$17.0M$17.0M$18.0M$18.0M
Depreciation and amortization$554.0M$564.0M$576.0M$586.0M$595.0M$572.0M
Environmental Remediation Expense$16.0M$9.0M$5.0M$0.0$9.0M$3.0M
Adjustment for Amortization$27.0M$64.0M$66.0M$64.0M$64.0M-$28.0M
Amortization Expense$27.0M$64.0M$66.0M$64.0M$64.0M-$28.0M
Operating Lease Cost$16.0M$17.0M$17.0M$17.0M$18.0M$18.0M
Operating Lease Cost$16.0M$17.0M$17.0M$17.0M$18.0M$18.0M
Taxes other than income taxes$833.0M$947.0M$894.0M$953.0M$963.0M$1.0B
Occupancy and equipment$16.0M$17.0M$17.0M$17.0M$18.0M$18.0M
Other operating expenses$3.2B$3.7B$3.2B$3.6B$3.5B$3.9B
Other operations and maintenance—————$3.0M
Total operating expenses$3.2B$3.7B$3.2B$3.6B$3.5B$3.9B
Operating Lease Cost$16.0M$17.0M$17.0M$17.0M$18.0M$18.0M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)—$18.0M$81.0M$60.0M—-$13.0M
Cash Paid for Interest$415.0M$149.0M$411.0M$166.0M$421.0M$168.0M
Other non-cash income (expense)—$18.0M$81.0M$60.0M—-$13.0M
Distributions from Equity Affiliates$20.0M$16.0M$17.0M$18.0M$19.0M$15.0M
Net Interest and Investment Income (Loss)$15.0M$16.0M$17.0M$18.0M$12.0M$18.0M
Equity Method Investment Dividends$20.0M$16.0M$17.0M$18.0M$19.0M$15.0M
Interest expense$304.0M$313.0M$300.0M$309.0M$311.0M$308.0M
Interest income$15.0M$16.0M$17.0M$18.0M$12.0M$18.0M
Other non-operating expense$36.0M$14.0M$8.0M$11.0M$41.0M$14.0M
Change in Accounts Payable—-$140.0M$175.0M-$163.0M$289.0M-$220.0M
Other Non-Cash Income (Expense)—$18.0M$81.0M$60.0M—-$13.0M
Investment income, net$15.0M$16.0M$17.0M$18.0M$12.0M$18.0M
Allowance for equity funds used during construction$10.0M$18.0M$18.0M$16.0M$17.0M$22.0M
Distributions of earnings from equity method investees$20.0M$16.0M$17.0M$18.0M$19.0M$15.0M
Other income (expense), net$148.0M$221.0M$241.0M$231.0M$202.0M$169.0M
Other Non-cash Income (Expense)—$18.0M$81.0M$60.0M—-$13.0M
Other Non-Cash Income (Expense)—$18.0M$81.0M$60.0M—-$13.0M
Interest expense on debt$287.0M$292.0M$292.0M$292.0M$300.0M$308.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in Accounts Receivable$33.0M$305.0M-$357.0M-$51.0M$133.0M$202.0M
Change in Other Liabilities-$31.0M$9.0M$54.0M$14.0M$86.0M-$112.0M
Issuance of Common Stock (Employee Equity Plans)$29.0M$29.0M$30.0M$29.0M$29.0M$27.0M
Other Comprehensive Income (Loss), Net of Tax$11.0M-$12.0M$0.0$0.0-$2.0M-$3.0M
Change in Deferred Charges$120.0M$151.0M$27.0M$87.0M$456.0M$312.0M
Net Change in Cash and Restricted Cash$1.2B-$973.0M$1.1B-$1.3B$1.4B-$1.5B
Operating Lease Payments$52.0M$4.0M$4.0M$7.0M$55.0M$5.0M
ROU Asset Obtained - Operating Lease$3.0M$8.0M$0.0$3.0M$35.0M—
Shares Issued for Share-Based Compensation$15.0M$16.0M$16.0M$17.0M$15.0M$18.0M
OCI Attributable to Parent$11.0M-$12.0M$0.0$0.0-$2.0M-$3.0M
OCI Defined Benefit Plans Adjustment (Net of Tax) Parent-$11.0M$12.0M$0.0$0.0$2.0M$3.0M
OCI defined benefit plans-$11.0M$12.0M$0.0$0.0$2.0M$3.0M
Other comprehensive income (loss), after-tax—-$12.0M———-$3.0M
Other investing activities, net$7.0M$14.0M$14.0M$8.0M$13.0M$15.0M
Transfers out of Level 3—$0.0———-$1.0M
Income Taxes Paid, Net$1.0M-$33.0M-$148.0M$14.0M$0.0-$7.0M
Interest Paid, Net$415.0M$149.0M$411.0M$166.0M$421.0M$168.0M
Additions / (Releases)-$214.0M$4.0M-$1.0M-$5.0M-$505.0M$39.0M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—$0.0—$0.0—$0.0
Capitalization, Forward Sale Price$24.16—————
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$321.0M$779.0M$246.0M$688.0M$296.0M$921.0M
Construction in progress additions$5.0M$416.0M-$74.0M$378.0M$74.0M$732.0M
Contract with Customer, Liability, Unbilled Revenue Accruals And Deferrals-$18.8M$7.0M———$45.0M
Total deferred gains (losses)-$15.0M$100.0M-$80.0M-$15.0M$246.0M$13.0M
Deferred taxes$0.0$247.0M$54.0M$197.0M$92.0M$351.0M
Dividends, Common Stock$288.0M$295.0M$306.0M$307.0M$306.0M$320.0M
Effective tax rates—$0.2$0.2$0.2—$0.2
Income taxes at U.S. statutory rate of 21%—$0.2$0.2$0.2—$0.2
Allowance for uncollectible accounts, net of regulatory recovery-$6.3M-$13.0M———-$6.0M
Allowance for uncollectible accounts, net of regulatory recovery—-1.2%-2.9%-1.6%—-0.5%
Cost of removal—$11.0M$9.0M$10.0M$5.0M$13.0M
Cost of removal—1.0%3.0%1.1%—1.1%
Effective Income Tax Rate Reconciliation, Deductible Expense Amortization Of Excess Deferred Income Taxes, Amount$50.8M$12.0M———$16.0M
Effective Income Tax Rate Reconciliation, Deductible Expense Amortization Of Excess Deferred Income Taxes, Percent2.5%1.1%———1.3%
MTA Surcredit amortization, net of federal income taxes—-1.3%-2.5%-0.6%—-0.8%
Nontaxable or nondeductible items-0.0%-0.1%———0.0%
MTA Surcredit amortization, net of federal income taxes-$1.0M-$13.0M-$7.0M-$5.0M-$10.0M-$10.0M
Other adjustments – net—$0.0-$0.0-$0.0—$0.0
State income taxes – net of federal income tax benefit—$0.1$0.0$0.1—$0.1
Changes in unrecognized tax benefits-0.0%0.1%———0.0%
Distributions of earnings from equity method investees$20.0M$16.0M$17.0M$18.0M$19.0M$15.0M
Gain on sale of interest in Mountain Valley Pipeline, LLC—$0.0———$189.0M
Equity Method Investment Realized Gain Loss On Disposal—$0.0———$189.0M
Included in regulatory assets and liabilities-$1.8M$0.0———$12.0M
Transfers out of Level 3—$0.0———-$1.0M
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements$0.0-$4.0M-$1.0M$2.0M$0.0-$4.0M
Realized and unrealized gains (losses): Included in income (loss)-$4.0M-$2.0M-$1.0M$2.0M-$2.0M-$2.0M
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE$625.0M$1.3B$596.0M$1.2B$689.0M$1.5B
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount$67.0M$217.0M$62.0M$187.0M$79.0M$258.0M
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount-$4.0M$1.0M-$3.0M-$8.0M-$3.0M$4.0M
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount$24.0M$55.0M$13.0M$47.0M$25.0M$64.0M
Changes in unrecognized tax benefits-$5.0M$1.0M———$0.0
Income Taxes Paid, Net$1.0M-$33.0M-$148.0M$14.0M$0.0-$7.0M
Accounts payable—-$140.0M$175.0M-$163.0M$289.0M-$220.0M
Increase (Decrease) in Accounts Receivable$33.0M$305.0M-$357.0M-$51.0M$133.0M$202.0M
Increase (Decrease) In Corporate Alternative Minimum Tax (CAMT) Carry Forward—————-$205.0M
Increase (Decrease) in Deferred Charges$244.0M$151.0M$27.0M$87.0M$456.0M$312.0M
Increase Decrease In Deferred Liabilities$75.0M$299.0M-$93.0M-$25.0M$267.0M$110.0M
Increase (Decrease) in Income Taxes Receivable$144.0M-$26.0M-$118.0M$0.0$0.0$43.0M
Increase Decrease In Interest Payable Net—$137.0M-$125.0M$126.0M—$143.0M
Other liabilities-$31.0M$9.0M$54.0M$14.0M$86.0M-$112.0M
Increase (Decrease) in Other Receivables—-$28.0M-$101.0M-$44.0M$206.0M-$37.0M
Pension and other postretirement benefits contributions-$99.0M-$148.0M-$136.0M-$139.0M-$159.0M-$118.0M
Increase (Decrease) in Prepaid Expense-$927.0M$554.0M-$625.0M$771.0M-$764.0M$691.0M
Taxes other than income taxes payable—$12.0M-$25.0M$9.0M$37.0M-$1.0M
Add - Incremental shares associated with contingently issuable shares (in shares)—1.2M1.3M1.2M—1.4M
Interest and Debt Expense$322.0M$331.0M$318.0M$323.0M$323.0M$326.0M
Debt$287.0M$292.0M$292.0M$292.0M$300.0M$308.0M
Other interest expense$35.0M$39.0M$26.0M$31.0M$23.0M$18.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity$415.0M$149.0M$411.0M$166.0M$421.0M$168.0M
Net interest and investment income (loss)$15.0M$16.0M$17.0M$18.0M$12.0M$18.0M
Termination cost—$0.0$0.0$0.0—$0.0
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$1.3B-$579.0M$592.0M-$698.0M$1.4B-$721.0M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$1.4B-$1.2B-$1.4B-$1.1B-$1.5B-$936.0M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.3B$837.0M$2.0B$504.0M$1.5B$174.0M
Net Deferred Gain Loss—$84.0M-$14.0M$4.0M$324.0M$260.0M
Number of registrants—2.000.000.00—2.00
Number of regulated utility subsidiaries—2.000.000.00—2.00
Income Tax Expense$11.0M$242.0M$50.0M$202.0M$80.0M$303.0M
Operating Lease, Cost$16.0M$17.0M$17.0M$17.0M$18.0M$18.0M
Operating Lease Payments$52.0M$4.0M$4.0M$7.0M$55.0M$5.0M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent-$11.0M$12.0M$0.0$0.0$2.0M$3.0M
Other comprehensive income (loss)—-$12.0M———-$3.0M
Other comprehensive income/(loss)$11.0M-$12.0M$0.0$0.0-$2.0M-$3.0M
Other income, net of taxes$0.0—————
Other customer-provided capital rate (in percent)0.0%475.0%0.0%-470.2%0.0%4.7%
Membership and other income$159.0M$201.0M$214.0M$208.0M$214.0M$143.0M
Other Increase (Decrease) in Environmental Liabilities-$16.0M-$10.0M-$4.0M$4.0M-$12.0M-$2.0M
Other Noncash Income (Expense)—$18.0M$81.0M$60.0M—-$13.0M
Other operating expense$2.4B$2.2B$1.7B$2.0B$1.9B$2.4B
Other operations and maintenance$931.0M$952.0M$923.0M$967.0M$962.0M$940.0M
Cash disbursed for construction in progress$1.2B$1.2B$1.3B$1.0B$1.3B$1.2B
Payment for (Proceeds from) Other Investing Activity$7.0M$14.0M$14.0M$8.0M$13.0M$15.0M
Payments For Proceeds From Removal Costs$139.0M$107.0M$144.0M$84.0M$146.0M$106.0M
Payments Non Utility Construction Expenditures$1.0M$0.0$1.0M——$1.0M
Payments of Debt Issuance Costs$18.0M$1.0M$0.0$2.0M$12.0M$1.0M
Payments of Ordinary Dividends, Common Stock$276.0M$282.0M$294.0M$295.0M$295.0M$308.0M
Payment for Pension and Other Postretirement Benefits$5.0M$5.0M$4.0M$11.0M$41.0M$6.0M
Borrowing under term loan$125.0M$200.0M$0.0$0.0$0.0$0.0
Divestiture of businesses, net of cash transferred$0.0$45.0M$0.0$0.0$0.0$0.0
Proceeds From Divestiture Of Interest In Joint Venture—$0.0———$358.0M
Proceeds From Issuance Initial Public Offering$0.0$1.3B$0.0$0.0$0.0$776.0M
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options$15.0M$16.0M$16.0M$17.0M$15.0M$18.0M
Issuance of term loan$125.0M—————
Allowance for Funds Used During Construction, Equity$10.0M$18.0M$18.0M$16.0M$17.0M$22.0M
Rate adjustment mechanism—————$500.0K
Repayments of Debt$0.0$0.0———$500.0M
Repayments of Short-Term Debt$29.5M$1.8B———$406.0M
Repayments of Short-Term Debt, Maturing in More than Three Months—$0.0———$300.0M
Return on regulatory assets$167.0M$3.2B-$35.0M$42.0M$201.0M$3.8B
Revenue From Contract With Customer Excluding Assessed Tax$3.7B$4.9B$3.6B$4.6B$4.0B$5.2B
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$3.0M$8.0M$0.0$3.0M$35.0M—
Property, plant, and equipment additions$1.3B$1.1B$1.3B$1.2B$1.4B$1.2B
New issues (in shares)7M6.3M———7M
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment—$1.3B———$776.0M
Issuance of vested restricted stock units——$3.0M$2.0M—$2.0M
Taxes other than income taxes and other – net$833.0M$947.0M$894.0M$953.0M$963.0M$1.0B
Unconditional charitable contribution, accrued amount$12.0M$12.0M————
Unrecognized tax benefits, increase (decrease) resulting from prior period tax positions-$750.0K—————
Utilities Operating Expense, Maintenance and Operations—————$3.0M
Weighted average interest rate of commercial paper (in percent)0.0%4.6%0.0%-0.3%—4.0%
Cash Dividends, Common Stock$276.0M$282.0M$294.0M$295.0M$295.0M$308.0M
Other Comprehensive Income (Loss)$321.0M$779.0M$246.0M$688.0M$296.0M$921.0M
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent$11.0M-$12.0M$0.0$0.0-$2.0M-$3.0M
OCI Net of Tax, Parent$11.0M-$12.0M$0.0$0.0-$2.0M-$3.0M
OCI Attributable to Parent$11.0M-$12.0M$0.0$0.0-$2.0M-$3.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends$276.0M$282.0M$294.0M$295.0M$295.0M$308.0M
Cash Dividends, Common Stock$276.0M$282.0M$294.0M$295.0M$295.0M$308.0M
Common Stock Dividends$288.0M$295.0M$306.0M$307.0M$306.0M$320.0M
OCI Attributable to Parent$11.0M-$12.0M$0.0$0.0-$2.0M-$3.0M
Net income$310.0M$791.0M$246.0M$688.0M$298.0M$924.0M
Common Stock Dividends$276.0M$282.0M$294.0M$295.0M$295.0M$308.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.90$2.26$0.68$1.91$0.81$2.55
Diluted earnings per share$0.89$2.25$0.68$1.90$0.81$2.54
Antidilutive Securities Excluded from EPS—0—0—0
Weighted-average shares, basic—350.1M360.4M360.7M—363M
Weighted-average shares, diluted—351.3M361.7M361.9M—364.4M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$321.0M$1.0B$296.0M$890.0M$378.0M$1.2B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$477.0M$1.1B$355.0M$968.0M$487.0M$1.2B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$3.7B$4.8B$3.6B$4.5B$4.0B$5.1B
Membership and other income$159.0M$201.0M$214.0M$208.0M$214.0M$143.0M