The Southern revenue and financials

SO · NYSE · USD

$85.44+1.97%+$1.65

Close · October 6, 2026

In the fiscal year ended December 2025, The Southern reported revenue of $29.55B (+10.59% year over year). Net income was $4.34B, a net margin of 14.7%.

Annual revenue · 2025: $29.55B

$19.9B2016
$23.03B2017
$23.5B2018
$21.42B2019
$20.38B2020
$23.11B2021
$29.28B2022
$25.25B2023
$26.72B2024
$29.55B2025

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

At a glance

Revenue growth: +10.59%; 2025 vs 2024
Net income growth: −1.36%; 2025 vs 2024
Net margin: 14.7%; 2024: 16.5%

Financial data

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

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	29,553	26,724	25,253	29,279	23,113	20,375	21,419	23,495	23,031	19,896
Cost of revenue	15,229	13,361	13,477	18,652	—	—	—	—	—	—
Gross profit	14,324	13,363	11,776	10,627	—	—	—	—	—	—
Operating income	7,285	7,068	5,826	5,370	3,698	4,885	7,736	4,191	2,333	4,486
EBIT	7,897	7,678	6,421	6,026	4,269	—	—	—	—	—
EBITDA	13,927	12,944	11,407	10,090	8,242	—	—	—	—	—
Interest expense	3,238	2,743	2,446	2,022	—	—	—	—	—	—
Pre-tax income	4,999	5,229	4,345	4,212	2,561	—	—	—	—	—
Income tax	828	969	496	795	267	393	1,798	449	142	951
Net income	4,341	4,401	3,976	3,428	2,309	3,103	4,744	2,300	926	2,529
Net income to common shareholders	4,341	4,401	3,976	3,524	2,393	—	—	—	—	—
Basic EPS	3.94	4.02	3.64	3.28	2.26	2.95	4.53	2.18	0.84	2.57
Diluted EPS	3.92	3.99	3.62	3.26	2.24	2.93	4.50	2.17	0.84	2.55
Average shares (basic)	1,103	1,096	1,092	1,075	1,061	—	—	—	—	—
Average shares (diluted)	1,109	1,102	1,098	1,081	1,068	1,065	1,054	1,025	1,008	958
Dividend per share	2.94	2.86	2.78	2.70	2.62	—	—	—	—	—