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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$39.4B
P/E Ratio18.27
ROE8.73%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$554M$564M$576M$586M$595M$572M
Occupancy and equipment$17M$17M$17M$17M$18M$18M
Other operating expenses$3.2B$3.7B$3.2B$3.6B$3.5B$3.9B
Total operating expenses$3.2B$3.7B$3.2B$3.6B$3.5B$3.9B

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.89$2.26$0.68$1.91$0.82$2.55
Diluted earnings per share$0.89$2.25$0.68$1.90$0.81$2.54
Weighted-average shares, basic346M350.1M360.4M360.7M357.4M363M
Weighted-average shares, diluted347.3M351.3M361.7M361.9M358.7M364.4M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$321M$1B$296M$890M$378M$1.2B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$11M$242M$50M$202M$81M$303M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$304M$313M$300M$309M$311M$308M
Interest income$16M$16M$17M$18M$12M$18M
Other income (expense), net$148M$221M$241M$231M$202M$169M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$310M$791M$246M$688M$297M$924M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$477M$1.1B$355M$968M$487M$1.2B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Adjustment For Amortization$27M$64M$66M$64M$64M-$28M
Additions / (Releases)-$214M$4M-$1M-$5M-$497M$39M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—0—0—0
Capitalization, Forward Sale Price$24.16—————
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation$1.2B-$973M$1.1B-$1.3B$1.4B-$1.5B
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$321M$779M$246M$688M$295M$921M
Construction in progress additions$5M$416M$0$378M$74M$732M
Contract with Customer, Liability, Unbilled Revenue Accruals And Deferrals-$18.8M$7M———$45M
Total deferred gains (losses)-$15M$100M-$80M-$15M$246M$13M
Deferred taxes—$247M$54M$197M$92M$351M
Dividends, Common Stock$288M$295M$306M$307M$306M$320M
Effective tax rates—$0.2$0.2$0.2—$0.2
Allowance for uncollectible accounts, net of regulatory recovery-$6.3M-$13M———-$6M
Allowance for uncollectible accounts, net of regulatory recovery-1.2%-1.2%-2.9%-1.6%-1.7%-0.5%
Cost of removal—$11M$9M$10M$6M$13M
Cost of removal1.1%1.0%3.0%1.1%1.4%1.1%
Effective Income Tax Rate Reconciliation, Deductible Expense Amortization Of Excess Deferred Income Taxes, Amount$50.8M$12M———$16M
Effective Income Tax Rate Reconciliation, Deductible Expense Amortization Of Excess Deferred Income Taxes, Percent9.5%1.1%——2.0%1.3%
MTA Surcredit amortization, net of federal income taxes-0.1%-1.3%-2.5%-0.6%-1.3%-0.8%
Nontaxable or nondeductible items-0.1%-0.1%——0.2%0.0%
MTA Surcredit amortization, net of federal income taxes-$1M-$13M-$7M-$5M-$9M-$10M
Changes in unrecognized tax benefits-0.1%0.1%——0.0%0.0%
Effective Income Tax Rate Reconciliation, Tax Credit, Percent—0.4%———0.3%
Environmental Remediation Expense$17M$9M$5M$0$11M$3M
Distributions of earnings from equity method investees$20M$16M$17M$18M$19M$15M
Gain on sale of interest in Mountain Valley Pipeline, LLC—$0———$189M
Equity Method Investment Realized Gain Loss On Disposal—$0———$189M
Included in regulatory assets and liabilities-$1.8M$0———$12M
Transfers out of Level 3$0$0——$0-$1M
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Inputs Reconciliation, Settlements-$3M-$4M-$1M$2M-$2M-$4M
Realized and unrealized gains (losses): Included in income (loss)-$3M-$2M-$1M$2M-$2M-$2M
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE$625M$1.3B$596M$1.2B$689M$1.5B
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount$67M$217M$62M$187M$79M$258M
Nontaxable or Nondeductible items-$500K-$1M———-$1M
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount-$4M$1M-$3M-$8M-$2M$4M
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Amount$24M$55M$13M$47M$24M$64M
Changes in unrecognized tax benefits-$5M$1M———$0
Income Taxes Paid, Net$1M-$33M-$148M——-$7M
Accounts payable—-$140M$175M-$163M$289M-$220M
Increase (Decrease) in Accounts Receivable$33M$305M-$357M-$51M$133M$202M
Increase (Decrease) In Corporate Alternative Minimum Tax (CAMT) Carry Forward—————-$205M
Increase (Decrease) in Deferred Charges$244M$151M$27M$87M$456M$312M
Increase Decrease In Deferred Liabilities$75M$299M——$267M$110M
Increase (Decrease) in Income Taxes Receivable$144M-$26M-$118M——$43M
Increase Decrease In Interest Payable Net—$137M—$126M—$143M
Other liabilities-$31M$9M$54M$14M$86M-$112M
Increase (Decrease) in Other Receivables—-$28M-$101M-$44M$206M-$37M
Pension and other postretirement benefits contributions-$99M-$148M-$136M-$139M-$159M-$118M
Increase (Decrease) in Prepaid Expense-$927M$554M-$625M$771M-$764M$691M
Taxes other than income taxes payable—$12M-$25M$9M$37M-$1M
Add - Incremental shares associated with contingently issuable shares (in shares)1.3M1.2M1.3M1.2M1.3M1.4M
Interest and Debt Expense$322M$331M$318M$323M$324M$326M
Debt$287M$292M$292M$292M$301M$308M
Other interest expense$35M$39M$26M$31M$23M$18M
Interest Paid, Excluding Capitalized Interest, Operating Activity$415M$149M$411M$166M$421M$168M
Net interest and investment income (loss)$16M$16M$17M$18M$12M$18M
Termination cost—$0$0$0—$0
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$1.3B-$579M$592M-$698M$1.4B-$721M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$1.4B-$1.2B-$1.4B-$1.1B-$1.5B-$936M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.3B$837M$2B$504M$1.5B$174M
Net Deferred Gain Loss—$84M-$14M$4M$324M$260M
Number of registrants—2.00———2.00
Number of regulated utility subsidiaries—2.00———2.00
Income Tax Expense$11M$242M$50M$202M$81M$303M
Operating Lease Payments$52M$4M$4M$7M$55M$5M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent-$11M$12M$0$0$2M$3M
Other comprehensive income (loss)—-$12M———-$3M
Other comprehensive income/(loss)$11M-$12M$0$0-$2M-$3M
Other income, net of taxes$0—————
Other customer-provided capital rate (in percent)5.9%4.8%——4.8%4.7%
Membership and other income$159M$201M$214M$208M$214M$143M
Other Increase (Decrease) in Environmental Liabilities-$16M-$10M-$4M—-$12M-$2M
Other Noncash Income (Expense)—$18M$81M$60M—-$13M
Other Nonoperating Expense$36M$14M$8M$11M$41M$14M
Other operating expense$1.7B$2.2B$1.7B$2B$1.9B$2.4B
Other operations and maintenance$910M$952M$923M$967M$964M$940M
Cash disbursed for construction in progress$1.2B$1.2B$1.3B$1B$1.3B$1.2B
Payment for (Proceeds from) Other Investing Activity$7M$14M$14M$8M$13M$15M
Payments For Proceeds From Removal Costs$139M$107M$144M$84M$146M$106M
Payments Non Utility Construction Expenditures$1M$0$1M——$1M
Payments of Debt Issuance Costs$18M$1M$0$2M$12M$1M
Payments of Ordinary Dividends, Common Stock$276M$282M$294M$295M$295M$308M
Payment for Pension and Other Postretirement Benefits$5M$5M$4M$11M$41M$6M
Borrowing under term loan$500M$200M———$0
Divestiture of businesses, net of cash transferred$0$45M———$0
Proceeds From Divestiture Of Interest In Joint Venture—$0———$358M
Proceeds From Issuance Initial Public Offering$0$1.3B———$776M
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options$15M$16M$16M$17M$15M$18M
Issuance of term loan$125M—————
Allowance for Funds Used During Construction, Equity$9M$18M$18M$16M$17M$22M
Rate adjustment mechanism—————$500K
Repayments of Debt$0$0———$500M
Repayments of Short-Term Debt$29.5M$1.8B———$406M
Repayments of Short-Term Debt, Maturing in More than Three Months—$0———$300M
Return on regulatory assets$167M$3.2B$0$42M$201M$3.8B
Revenue From Contract With Customer Excluding Assessed Tax$3.7B$4.9B$3.6B$4.6B$4B$5.2B
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$3M$8M$0$3M$35M—
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———$776M
Issuance of vested restricted stock units——$3M$2M—$2M
Stock Issued During Period Value Share Based Compensation Gross$29M$29M$30M$29M$29M$27M
Taxes other than income taxes and other – net$832M$947M$894M$953M$963M$1B
Unconditional charitable contribution, accrued amount$12M$12M————
Unrecognized tax benefits, increase (decrease) resulting from prior period tax positions-$750K—————
Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions$2M$1M$2M——$400K
Utilities Operating Expense, Maintenance and Operations—————$3M
Weighted average interest rate of commercial paper (in percent)4.7%4.6%——3.9%4.0%

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$3.7B$4.8B$3.6B$4.5B$4B$5.1B