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 | Q1 2026 | Q3 2025 | Q1 2025 | Q3 2024 | Q1 2024 | Q3 2023 | Q1 2023 | Q3 2022 | Q1 2022 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 10,622 | 7,065 | 10,417 | 7,961 | 11,361 | 8,489 | 12,215 | 9,444 | 11,508 | 6,941 |
| EBIT | 3,463 | 1,706 | 3,588 | 1,402 | 3,592 | 1,994 | 2,343 | 1,862 | 2,910 | 1,305 |
| EBITDA | 4,218 | 2,808 | 4,334 | 2,460 | 4,260 | 3,015 | 3,046 | 2,794 | 3,470 | 2,145 |
| Pre-tax income | 3,356 | 826 | 2,966 | 684 | 1,677 | 1,371 | 1,924 | 1,666 | 2,358 | 1,083 |
| Income tax | 731 | 208 | 709 | 112 | 524 | 307 | 429 | 447 | 551 | 707 |
| Net income | 2,624 | 617 | 2,255 | 647 | 1,162 | 1,128 | 6,541 | 1,256 | 1,879 | 474 |
| Net income to common shareholders | 2,624 | 617 | 2,255 | 647 | 1,162 | 1,128 | 6,541 | 1,256 | 1,879 | 474 |
| Basic EPS | 0.53 | 0.13 | 0.46 | 0.14 | 0.31 | 0.31 | 1.78 | 0.34 | 0.52 | 0.13 |
| Diluted EPS | 0.53 | 0.13 | 0.46 | 0.14 | 0.31 | 0.30 | 1.78 | 0.34 | 0.51 | 0.13 |
| Average shares (basic) | 4,966 | 4,926 | 4,888 | 4,526 | 3,702 | 3,682 | 3,667 | 3,651 | 3,629 | 3,569 |
| Average shares (diluted) | 4,992 | 4,950 | 4,911 | 4,547 | 3,718 | 3,700 | 3,684 | 3,668 | 3,648 | 3,584 |
| Dividend per share | 0.32 | 0.16 | 0.31 | 0.16 | 0.39 | 0.19 | 0.38 | 0.18 | 0.34 | 0.17 |