EXC 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.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | 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+5.3% | 23.0B+6.0% | 21.7B+13.9% | 19.1B+6.4% | 17.9B+7.7% | |
| — | — | — | 15.8B+3.3% | 15.3B+5.3% | ||
| Amortization of intangibles | 2.00M+100.0% | 1.00M+0.0% | 1.00M-99.5% | 182M+119.3% | 83.0M+184.7% | |
| Provision for credit losses | 256M+23.1% | 208M+66.4% | 125M-27.7% | 173M+8.1% | 160M+6.7% | |
| Operating income | 5.15B+19.2% | 4.32B+7.4% | 4.02B+21.4% | 3.31B+23.6% | 2.68B+22.4% | |
| Other non-operating income | 270M+3.1% | 262M-35.8% | 408M-23.7% | 535M+105.0% | 261M+25.5% | |
| Pre-tax income | 3.29B+23.4% | 2.67B-1.3% | 2.70B+12.4% | 2.40B+45.3% | 1.65B+51.5% | |
| Income tax | 523M+152.7% | 207M-44.7% | 374M+7.2% | 349M+818.4% | 38.0M+642.9% | |
| 2.77B+12.5% | 2.46B+5.7% | 2.33B+7.2% | 2.17B+18.7% | 1.83B-6.4% | ||
| Discontinued operations | — | 0.00 | 0.00-100.0% | 117M-45.1% | 213M-75.1% | |
| Net income to non-controlling interest | — | 0.00 | 0.00-100.0% | 1.00M-99.2% | 123M+1466.7% | |
| Net income to common | 2.77B+12.5% | 2.46B+5.7% | 2.33B+7.3% | 2.17B+27.2% | 1.71B-13.1% | |
| — | — | — | — | $1.74-13.4% | ||
| EPS (basic) | — | — | — | — | $1.74-13.4% | |
| Weighted-avg shares (basic) | 1.01B+0.8% | 1.00B+0.7% | 996M+1.0% | 986M+0.7% | 979M+0.3% | |
| Weighted-avg shares (diluted) | 1.01B+0.9% | 1.00B+0.6% | 997M+1.0% | 987M+0.7% | 980M+0.3% | |
| Dividends per share | $1.60+5.3% | $1.52+5.6% | $1.44+6.7% | $1.35-11.8% | $1.53+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+13.9% | 8.38B+3.7% | 8.09B+10.2% | 7.34B-47.4% | 14.0B+11.1% | ||
| Cash & equivalents | 626M+75.4% | 357M-19.8% | 445M+9.3% | 407M-39.4% | 672M+55.6% | |
| Accounts receivable | 3.30B+20.4% | 2.74B+16.9% | 2.34B+5.6% | 2.22B+18.6% | 1.87B-42.2% | |
| Other current assets | 523M+17.5% | 445M+20.3% | 370M-8.9% | 406M+4.9% | 387M-76.5% | |
| 117B+8.2% | 108B+5.8% | 102B+6.8% | 95.3B-28.3% | 133B+2.9% | ||
| Property, plant & equipment | 84.3B+7.8% | 78.2B+6.2% | 73.6B+6.5% | 69.1B+7.0% | 64.6B-21.8% | |
| Operating lease right-of-use | 139M-37.9% | 224M | — | — | — | |
| Goodwill | 6.63B+0.0% | 6.63B+0.0% | 6.63B+0.0% | 6.63B+0.0% | 6.63B-0.7% | |
| Intangible assets | — | — | — | -25.0M+87.9% | -207M-220.3% | |
| Long-term investments | 312M+7.6% | 290M+15.5% | 251M+8.2% | 232M-7.2% | 250M-43.2% | |
| Other non-current assets | 1.79B+14.9% | 1.56B+14.4% | 1.36B+19.6% | 1.14B+28.9% | 885M-73.0% | |
| 10.3B+7.5% | 9.61B-2.9% | 9.90B-6.7% | 10.6B-34.1% | 16.1B+26.2% | ||
| Accounts payable | — | — | — | 3.38B+42.2% | 2.38B-33.2% | |
| Accrued liabilities | 1.58B+7.8% | 1.47B+6.8% | 1.38B+12.2% | 1.23B+7.8% | 1.14B-45.3% | |
| Deferred revenue | 119M-6.3% | 127M-4.5% | 133M+31.7% | 101M-7.3% | 109M-7.6% | |
| Short-term & current debt | 1.67B+14.6% | 1.45B+3.6% | 1.40B-22.1% | 1.80B-16.3% | 2.15B+18.4% | |
| Other current liabilities | 577M+12.7% | 512M-1.3% | 519M-55.1% | 1.16B+50.8% | 766M-39.4% | |
| 87.8B+8.5% | 80.9B+6.3% | 76.1B+7.8% | 70.6B-28.1% | 98.2B+4.0% | ||
| Long-term debt | 47.4B+10.4% | 42.9B+8.2% | 39.7B+12.5% | 35.3B+14.7% | 30.7B-12.4% | |
| Operating lease liability (total) | 165M-35.3% | 255M-10.8% | 286M-6.5% | 306M-2.9% | 315M-75.8% | |
| Other non-current liabilities | 2.17B-5.0% | 2.28B+9.3% | 2.09B+6.2% | 1.97B+25.0% | 1.57B-46.5% | |
| 28.8B+7.0% | 26.9B+4.5% | 25.8B+4.1% | 24.7B-28.1% | 34.4B+5.5% | ||
| Common stock | 22.1B+3.6% | 21.3B+1.1% | 21.1B+1.0% | 20.9B+2.9% | 20.3B+4.9% | |
| Retained earnings | 7.58B+17.9% | 6.43B+17.0% | 5.49B+19.4% | 4.60B-72.9% | 16.9B+1.2% | |
| Treasury stock | 123M+0.0% | 123M+0.0% | 123M+0.0% | 123M+0.0% | 123M+0.0% | |
| Accumulated other comprehensive income | -762M-5.8% | -720M+0.8% | -726M-13.8% | -638M+76.8% | -2.75B+19.1% | |
| Non-controlling interest | — | — | — | 0.00-100.0% | 402M-82.4% | |
| Total equity incl. non-controlling | 28.8B+7.0% | 26.9B+4.5% | 25.8B+4.1% | 24.7B-28.9% | 34.8B-0.2% | |
| Total liabilities & equity | 117B+8.2% | 108B+5.8% | 102B+6.8% | 95.3B-28.3% | 133B+2.9% | |
| Common shares outstanding | 1.02B+1.8% | 1.00B+0.6% | 999M+0.5% | 994M+1.5% | 979M+0.3% | |
| Shares outstanding (cover) | 1.02B+1.8% | 1.01B+0.6% | 1000M+0.5% | 994M+1.4% | 980M+0.4% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.25B+12.3% | 5.57B+18.4% | 4.70B-3.4% | 4.87B+61.7% | 3.01B-28.9% | ||
| Depreciation & amortization | 3.64B+1.3% | 3.60B+2.6% | 3.51B+5.4% | 3.33B+9.6% | 3.03B+4.9% | |
| Intangible amortization | 2.00M+100.0% | 1.00M+0.0% | 1.00M-99.5% | 182M+119.3% | 83.0M+184.7% | |
| Change in inventory | 22.0M-60.7% | 56.0M+24.4% | 45.0M-62.8% | 121M-14.2% | 141M+65.9% | |
| -8.53B-21.1% | -7.04B+4.5% | -7.38B-5.5% | -6.99B-110.7% | -3.32B+23.5% | ||
| Capital expenditure | 8.53B+20.2% | 7.10B-4.2% | 7.41B+3.7% | 7.15B-10.4% | 7.98B-0.8% | |
| Free cash flow | -2.27B-48.9% | -1.53B+43.5% | -2.71B-18.8% | -2.28B+54.2% | -4.97B-30.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other investing activities | 0.00+100.0% | -17.0M-112.5% | -8.00M | 0.00+100.0% | -26.0M-44.4% | |
| 2.53B+93.2% | 1.31B-51.1% | 2.68B+68.6% | 1.59B+109.9% | 758M+422.8% | ||
| Long-term debt issued | 6.08B+22.1% | 4.97B-14.6% | 5.83B-7.7% | 6.31B+81.2% | 3.48B-53.6% | |
| Long-term debt repaid | 1.31B-15.8% | 1.56B-9.1% | 1.71B-17.4% | 2.07B+26.4% | 1.64B-74.5% | |
| Common stock issued | 691M+366.9% | 148M+5.7% | 140M-75.1% | 563M | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 1.62B+6.1% | 1.52B+6.4% | 1.43B+7.4% | 1.33B-10.9% | 1.50B+0.3% | |
| Other financing activities | -94.0M+13.8% | -109M+4.4% | -114M-11.8% | -102M-27.5% | -80.0M+41.2% | |
| Interest paid | 2.02B+9.3% | 1.85B+14.4% | 1.62B+12.7% | 1.43B-4.7% | 1.50B-1.1% | |
| Income taxes paid | 12.0M-85.2% | 81.0M+710.0% | 10.0M-86.3% | 73.0M-74.0% | 281M+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 | 44.6B+17.8% | 37.8B+5.9% | 35.7B-16.8% | 43.0B+6.4% | 40.4B+37.3% | |
| P/E | 16.1×+4.7% | 15.4×-7.7% | 16.7×-17.5% | 20.2×-8.5% | 22.1×+46.7% | |
| P/S | 1.8×+11.9% | 1.6×-3.3% | 1.7×-25.5% | 2.3×+1.3% | 2.3×+27.6% | |
| P/B | 1.5×+10.2% | 1.4×+0.2% | 1.4×-19.7% | 1.7×+48.8% | 1.2×+30.1% | |
| Earnings yield | 6.2%-4.5% | 6.5%+8.4% | 6.0%+21.2% | 5.0%+9.3% | 4.5%-31.8% | |
| Dividend yield | 3.7%-9.1% | 4.0%+0.7% | 4.0%+28.4% | 3.1%-15.9% | 3.7%-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.
