National Grid
1,134.00 GBpChange from previous close: −1.00%Absolute change: −11.50 GBp
At a glance
- Revenue growth
- −3.76%
- FY to Mar 2026 vs FY to Mar 2025
- Net income growth
- +11.68%
- FY to Mar 2026 vs FY to Mar 2025
- Net margin
- 18.3%
- FY to Mar 2025: 15.8%
Financial data
Amounts in millions of GBP; per-share values in GBP; shares in millions.
| Item | FY to Mar 2026 | FY to Mar 2025 | FY to Mar 2024 | FY to Mar 2023 | FY to Mar 2022 |
|---|---|---|---|---|---|
| Total revenue | 17,687 | 18,378 | 19,850 | 21,659 | 18,449 |
| Cost of revenue | 3,580 | 4,150 | 5,272 | 8,623 | — |
| Gross profit | 14,107 | 14,228 | 14,578 | 13,036 | — |
| Operating income | 5,690 | 5,447 | 4,666 | 4,882 | — |
| EBIT | 5,169 | 4,990 | 5,586 | 4,205 | 4,205 |
| EBITDA | 7,026 | 6,794 | 7,647 | 5,840 | 6,035 |
| Interest expense | 1,649 | 1,810 | 1,723 | 1,680 | — |
| Pre-tax income | 4,182 | 3,650 | 3,048 | 3,590 | 3,441 |
| Income tax | 939 | 821 | 831 | 876 | 1,258 |
| Net income | 3,241 | 2,902 | 2,290 | 7,797 | 2,353 |
| Net income to common shareholders | 3,241 | 2,902 | 2,290 | 7,797 | 2,353 |
| Basic EPS | 0.66 | 0.62 | 0.57 | 2.13 | 0.65 |
| Diluted EPS | 0.65 | 0.61 | 0.57 | 2.12 | 0.65 |
| Average shares (basic) | 4,946 | 4,707 | 3,991 | 3,659 | 3,599 |
| Average shares (diluted) | 4,971 | 4,729 | 4,008 | 3,676 | 3,616 |
| Dividend per share | 0.48 | 0.47 | 0.59 | 0.55 | 0.51 |