Hydro One revenue and financials

H · TSX · CAD

$50.76−0.33%−$0.17

Close · October 6, 2026

In the fiscal year ended December 2025, Hydro One reported revenue of $9.04B (+6.57% year over year). Net income was $1.34B, a net margin of 14.8%.

Annual revenue · 2025: $9.04B
  1. $7.23B2021
  2. $7.78B2022
  3. $7.84B2023
  4. $8.48B2024
  5. $9.04B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+6.57%
2025 vs 2024
Net income growth
+15.83%
2025 vs 2024
Net margin
14.8%
2024: 13.6%

Financial data

Amounts in millions of CAD; per-share values in CAD; shares in millions.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue2,3022,6482,2682,2992,0662,4082,0952,1922,0312,1661,9791,934
Cost of revenue1,4021,7531,5451,3761,219———————
Gross profit900895723923847———————
Operating income653646467680615———————
EBIT620622436651559592376588509494343539
EBITDA867871692894791824620815728713571751
Interest expense181173174169166———————
Pre-tax income443435264485390429218430352346196396
Income tax69.041.030.060.061.068.017.056.057.051.013.036.0
Net income370391233421327358200371292293181357
Net income to common shareholders370391233421327358200371292293181357
Basic EPS0.620.650.390.700.550.600.330.620.490.490.300.60
Diluted EPS0.620.650.390.700.540.600.330.620.490.490.300.59
Average shares (basic)600600597600600599606599599599603599
Average shares (diluted)601601597601601601606601601601603601
Dividend per share0.350.330.330.330.340.310.310.320.310.300.300.30