financial statements

The full income statement, balance sheet, and cash-flow statement for Exelon Corporation (EXC), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	24.3B YoY+5.3%	23.0B YoY+6.0%	21.7B YoY+13.9%	19.1B YoY+6.4%	17.9B YoY+7.7%
	—	—	—	15.8B YoY+3.3%	15.3B YoY+5.3%
Amortization of intangibles	2.00M YoY+100.0%	1.00M YoY+0.0%	1.00M YoY-99.5%	182M YoY+119.3%	83.0M YoY+184.7%
Provision for credit losses	256M YoY+23.1%	208M YoY+66.4%	125M YoY-27.7%	173M YoY+8.1%	160M YoY+6.7%
Operating income	5.15B YoY+19.2%	4.32B YoY+7.4%	4.02B YoY+21.4%	3.31B YoY+23.6%	2.68B YoY+22.4%
Other non-operating income	270M YoY+3.1%	262M YoY-35.8%	408M YoY-23.7%	535M YoY+105.0%	261M YoY+25.5%
Pre-tax income	3.29B YoY+23.4%	2.67B YoY-1.3%	2.70B YoY+12.4%	2.40B YoY+45.3%	1.65B YoY+51.5%
Income tax	523M YoY+152.7%	207M YoY-44.7%	374M YoY+7.2%	349M YoY+818.4%	38.0M YoY+642.9%
	2.77B YoY+12.5%	2.46B YoY+5.7%	2.33B YoY+7.2%	2.17B YoY+18.7%	1.83B YoY-6.4%
Discontinued operations	—	0.00	0.00 YoY-100.0%	117M YoY-45.1%	213M YoY-75.1%
Net income to non-controlling interest	—	0.00	0.00 YoY-100.0%	1.00M YoY-99.2%	123M YoY+1466.7%
Net income to common	2.77B YoY+12.5%	2.46B YoY+5.7%	2.33B YoY+7.3%	2.17B YoY+27.2%	1.71B YoY-13.1%
	—	—	—	—	$1.74 YoY-13.4%
EPS (basic)	—	—	—	—	$1.74 YoY-13.4%
Weighted-avg shares (basic)	1.01B YoY+0.8%	1.00B YoY+0.7%	996M YoY+1.0%	986M YoY+0.7%	979M YoY+0.3%
Weighted-avg shares (diluted)	1.01B YoY+0.9%	1.00B YoY+0.6%	997M YoY+1.0%	987M YoY+0.7%	980M YoY+0.3%
Dividends per share	$1.60 YoY+5.3%	$1.52 YoY+5.6%	$1.44 YoY+6.7%	$1.35 YoY-11.8%	$1.53 YoY+0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	9.55B YoY+13.9%	8.38B YoY+3.7%	8.09B YoY+10.2%	7.34B YoY-47.4%	14.0B YoY+11.1%
Cash & equivalents	626M YoY+75.4%	357M YoY-19.8%	445M YoY+9.3%	407M YoY-39.4%	672M YoY+55.6%
Accounts receivable	3.30B YoY+20.4%	2.74B YoY+16.9%	2.34B YoY+5.6%	2.22B YoY+18.6%	1.87B YoY-3.3%
Other current assets	523M YoY+17.5%	445M YoY+20.3%	370M YoY-8.9%	406M YoY+4.9%	387M YoY+73.5%
	117B YoY+8.2%	108B YoY+5.8%	102B YoY+6.8%	95.3B YoY-28.3%	133B YoY+2.9%
Property, plant & equipment	84.3B YoY+7.8%	78.2B YoY+6.2%	73.6B YoY+6.5%	69.1B YoY+7.0%	64.6B YoY+7.0%
Operating lease right-of-use	139M YoY-37.9%	224M	—	—	—
Goodwill	6.63B YoY+0.0%	6.63B YoY+0.0%	6.63B YoY+0.0%	6.63B YoY+0.0%	6.63B YoY+0.0%
Intangible assets	-25.0M YoY+0.0%	-25.0M YoY+0.0%	-25.0M YoY+0.0%	-25.0M YoY+87.9%	-207M YoY+28.6%
Long-term investments	312M YoY+7.6%	290M YoY+15.5%	251M YoY+8.2%	232M YoY-7.2%	250M YoY+5.0%
Other non-current assets	1.79B YoY+14.9%	1.56B YoY+14.4%	1.36B YoY+19.6%	1.14B YoY+28.9%	885M YoY-22.6%
	10.3B YoY+7.5%	9.61B YoY-2.9%	9.90B YoY-6.7%	10.6B YoY-34.1%	16.1B YoY+26.2%
Accounts payable	2.76B YoY+0.0%	2.76B YoY+0.0%	2.76B YoY-18.3%	3.38B YoY+42.2%	2.38B YoY+3.0%
Accrued liabilities	1.58B YoY+7.8%	1.47B YoY+6.8%	1.38B YoY+12.2%	1.23B YoY+7.8%	1.14B YoY-7.6%
Deferred revenue	119M YoY-6.3%	127M YoY-4.5%	133M YoY+31.7%	101M YoY-7.3%	109M YoY-7.6%
Short-term & current debt	1.67B YoY+14.6%	1.45B YoY+3.6%	1.40B YoY-22.1%	1.80B YoY-16.3%	2.15B YoY+32.7%
Other current liabilities	577M YoY+12.7%	512M YoY-1.3%	519M YoY-55.1%	1.16B YoY+50.8%	766M YoY-2.3%
	87.8B YoY+8.5%	80.9B YoY+6.3%	76.1B YoY+7.8%	70.6B YoY-28.1%	98.2B YoY+4.0%
Long-term debt	47.4B YoY+10.4%	42.9B YoY+8.2%	39.7B YoY+12.5%	35.3B YoY+14.7%	30.7B YoY+4.1%
Deferred tax liabilities	18.1B YoY+0.0%	18.1B YoY+0.0%	18.1B YoY+0.0%	18.1B YoY+0.0%	18.1B YoY+0.0%
Other non-current liabilities	2.17B YoY-5.0%	2.28B YoY+9.3%	2.09B YoY+6.2%	1.97B YoY+25.0%	1.57B YoY-4.2%
	28.8B YoY+7.0%	26.9B YoY+4.5%	25.8B YoY+4.1%	24.7B YoY-28.1%	34.4B YoY+5.5%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	22.1B YoY+3.6%	21.3B YoY+1.1%	21.1B YoY+1.0%	20.9B YoY+2.9%	20.3B YoY+4.9%
Retained earnings	7.58B YoY+17.9%	6.43B YoY+17.0%	5.49B YoY+19.4%	4.60B YoY-72.9%	16.9B YoY+1.2%
Treasury stock	123M YoY+0.0%	123M YoY+0.0%	123M YoY+0.0%	123M YoY+0.0%	123M YoY+0.0%
Accumulated other comprehensive income	-762M YoY-5.8%	-720M YoY+0.8%	-726M YoY-13.8%	-638M YoY+76.8%	-2.75B YoY+19.1%
Non-controlling interest	0.00	0.00	0.00	0.00 YoY-100.0%	402M YoY-82.4%
Total equity incl. non-controlling	28.8B YoY+7.0%	26.9B YoY+4.5%	25.8B YoY+4.1%	24.7B YoY-28.9%	34.8B YoY-0.2%
Total liabilities & equity	117B YoY+8.2%	108B YoY+5.8%	102B YoY+6.8%	95.3B YoY-28.3%	133B YoY+2.9%
Common shares outstanding	1.02B YoY+1.8%	1.00B YoY+0.6%	999M YoY+0.5%	994M YoY+1.5%	979M YoY+0.3%
Shares outstanding (cover)	1.01B YoY+0.5%	1.00B YoY+0.9%	995M YoY+0.2%	994M YoY+1.6%	978M YoY+0.3%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	6.25B YoY+12.3%	5.57B YoY+18.4%	4.70B YoY-3.4%	4.87B YoY+61.7%	3.01B YoY-28.9%
Depreciation & amortization	3.64B YoY+1.3%	3.60B YoY+2.6%	3.51B YoY+5.4%	3.33B YoY+9.6%	3.03B YoY+4.9%
Change in inventory	22.0M YoY-60.7%	56.0M YoY+24.4%	45.0M YoY-62.8%	121M YoY-14.2%	141M YoY+65.9%
	-8.53B YoY-21.1%	-7.04B YoY+4.5%	-7.38B YoY-5.5%	-6.99B YoY-110.7%	-3.32B YoY+23.5%
Capital expenditure	8.53B YoY+20.2%	7.10B YoY-4.2%	7.41B YoY+3.7%	7.15B YoY-10.4%	7.98B YoY-0.8%
Other investing activities	0.00 YoY+100.0%	-17.0M YoY-112.5%	-8.00M	0.00 YoY+100.0%	-26.0M YoY-44.4%
	2.53B YoY+93.2%	1.31B YoY-51.1%	2.68B YoY+68.6%	1.59B YoY+109.9%	758M YoY+422.8%
Long-term debt issued	6.08B YoY+22.1%	4.97B YoY-14.6%	5.83B YoY-7.7%	6.31B YoY+81.2%	3.48B YoY-53.6%
Long-term debt repaid	1.31B YoY-15.8%	1.56B YoY-9.1%	1.71B YoY-17.4%	2.07B YoY+26.4%	1.64B YoY-74.5%
Common stock issued	691M YoY+366.9%	148M YoY+5.7%	140M YoY-75.1%	563M	0.00
Dividends paid	1.62B YoY+6.1%	1.52B YoY+6.4%	1.43B YoY+7.4%	1.33B YoY-10.9%	1.50B YoY+0.3%
Other financing activities	-94.0M YoY+13.8%	-109M YoY+4.4%	-114M YoY-11.8%	-102M YoY-27.5%	-80.0M YoY+41.2%
Interest paid	2.02B YoY+9.3%	1.85B YoY+14.4%	1.62B YoY+12.7%	1.43B YoY-4.7%	1.50B YoY-1.1%
Income taxes paid	12.0M YoY-85.2%	81.0M YoY+710.0%	10.0M YoY-86.3%	73.0M YoY-74.0%	281M YoY+2710.0%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	44.0B YoY+16.4%	37.8B YoY+5.8%	35.7B YoY-16.8%	43.0B YoY+6.6%	40.3B YoY+37.2%
P/E	15.9× YoY+3.5%	15.4× YoY-7.8%	16.7× YoY-17.5%	20.2× YoY-8.3%	22.0× YoY+46.6%
P/S	1.8× YoY+10.5%	1.6× YoY-3.4%	1.7× YoY-25.5%	2.3× YoY+1.5%	2.2× YoY+27.4%
P/B	1.5× YoY+8.8%	1.4× YoY+0.1%	1.4× YoY-19.7%	1.7× YoY+49.1%	1.2× YoY+30.0%
Earnings yield	6.3% YoY-3.4%	6.5% YoY+8.4%	6.0% YoY+21.2%	5.0% YoY+9.1%	4.5% YoY-31.8%
Dividend yield	3.7% YoY-9.1%	4.0% YoY+0.7%	4.0% YoY+28.4%	3.1% YoY-15.9%	3.7% YoY-26.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: EXC's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EXC filings on SEC EDGAR → Not investment advice.

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About this data

financial statements