National Grid revenue and financials
Secondary listing. The primary listing is National Grid · LSE (GBp)
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In the fiscal year ended March 2026, National Grid reported revenue of £17.69B (−3.76% year over year). Net income was £3.24B, a net margin of 18.3%.
Fiscal year ending in March. Sources and method on the page Methodology and sources.
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 | FY to Mar 2021 | FY to Mar 2020 | FY to Mar 2019 | FY to Mar 2018 | FY to Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 108,281 | 106,742 | 98,325 | 92,697 | 94,860 | 67,216 | 67,560 | 63,412 | 59,201 | 59,204 |
| Current assets | 7,485 | 14,332 | 10,379 | 9,113 | 17,963 | 9,938 | 5,801 | 7,946 | 6,678 | 6,681 |
| Cash and equivalents | 375 | 1,178 | 559 | 163 | 204 | 157 | 73.0 | 252 | 329 | 329 |
| Short-term investments | 2,453 | 5,753 | 3,699 | 2,605 | — | — | — | — | — | — |
| Inventory | 559 | 557 | 828 | 876 | — | — | — | — | — | — |
| Net property, plant and equipment | 81,520 | 74,091 | 68,907 | 64,433 | — | — | — | — | — | — |
| Goodwill | 9,417 | 9,532 | 9,729 | 9,847 | 9,532 | 4,588 | 5,712 | 5,372 | 4,984 | 4,984 |
| Other intangible assets | 3,879 | 3,564 | 3,431 | 3,604 | — | — | — | — | — | — |
| Long-term investments | 624 | 608 | 1,420 | 1,300 | — | — | — | — | — | — |
| Current liabilities | 9,797 | 10,621 | 11,389 | 9,130 | 24,770 | 9,368 | 8,564 | 9,129 | 8,691 | 8,697 |
| Accounts payable | 3,374 | 2,965 | 2,786 | 3,249 | — | — | — | — | — | — |
| Long-term debt | 42,107 | 47,539 | 47,072 | 42,985 | 45,465 | 31,220 | 30,794 | 28,730 | — | 26,625 |
| Total debt | 46,755 | 47,539 | 47,072 | 42,985 | — | — | — | — | — | — |
| Total liabilities | 68,951 | 68,916 | 68,433 | 63,135 | 71,004 | 47,356 | 47,767 | 43,844 | 40,364 | 40,171 |
| Total equity (incl. minority) | 39,330 | 37,826 | 29,892 | 29,562 | — | — | — | — | — | — |
| Retained earnings | 41,909 | 40,106 | 32,066 | 31,608 | — | — | — | — | — | — |
| Minority interest | 31.0 | 23.0 | 25.0 | 24.0 | — | — | — | — | — | — |