EXELON CORP
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 50,040 | 63.5 |
| Stockholders' equity | 28,798 | 36.5 |
| Total capitalization | 78,838 | 100.0 |
1,023,208,142 shares outstanding at 31 March 2026 (cover page of the 10-Q filed 6 May 2026).
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 49,428 |
| Current maturities | 1,665 |
| Short-term borrowings / commercial paper | 612 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 2,000,000,000 |
| Treasury shares | 2,000,000 |
| Outstanding at 3/31/26 | 1,023,208,142 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | 1.60 | 58.6 |
| 2024 | 1.52 | 62.0 |
| 2023 | 1.44 | 61.5 |
| 2022 | 1.35 | 64.9 |
| 2021 | 1.53 | 87.9 |
HISTORY AND BUSINESS
HISTORY: Incorporated in Pennsylvania.
BUSINESS: Classified by the SEC under Standard Industrial Classification 4931, Electric & Other Services Combined. Large accelerated filer. Principal executive office: 10 S. Dearborn Street, Po Box 805379, Chicago, IL 60680-5379. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Operating revenues | 24,258 | 23,028 | 21,727 |
| Operation and maintenance | 5,177 | 4,940 | 4,559 |
| Depreciation and amortization | 3,643 | 3,596 | 3,506 |
| Taxes other than income taxes | 1,629 | 1,504 | 1,408 |
| Total operating expenses | 19,113 | 18,721 | 17,714 |
| Operating income | 5,148 | 4,319 | 4,023 |
| Income before income taxes | 3,291 | 2,667 | 2,702 |
| Income taxes | 523 | 207 | 374 |
| Net income | 2,768 | 2,460 | 2,328 |
| Earned per share, diluted ($) | 2.73 | 2.45 | 2.34 |
| Dividends per share ($) | 1.60 | 1.52 | 1.44 |
CONSOLIDATED BALANCE SHEET
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Utility plant, net | 84,318 | 78,182 |
| Cash and equivalents | 626 | 357 |
| Total current assets | 9,546 | 8,384 |
| Regulatory assets | 9,214 | 8,710 |
| Total assets | 116,570 | 107,784 |
| Total current liabilities | 10,331 | 9,611 |
| Regulatory liabilities | 11,016 | 10,198 |
| Common stockholders' equity | 28,798 | 26,921 |
| Total capitalization and liabilities | 116,570 | 107,784 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Capital expend. | Free cash flow | Total assets | Total liabilities | Total debt | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 24,258 | 5,148 | 2,768 | 11.4 | 2.73 | 1.60 | 6,254 | 8,529 | (2,275) | 116,570 | 87,772 | 50,040 | 28,798 | 9.6 | 1.74 |
| 12/31/24 | 23,028 | 4,319 | 2,460 | 10.7 | 2.45 | 1.52 | 5,569 | 7,097 | (1,528) | 107,784 | 80,863 | 46,527 | 26,921 | 9.1 | 1.73 |
| 12/31/23 | 21,727 | 4,023 | 2,328 | 10.7 | 2.34 | 1.44 | 4,703 | 7,408 | (2,705) | 101,856 | 76,101 | 43,802 | 25,755 | 9.0 | 1.70 |
| 12/31/22 | 19,078 | 3,315 | 2,170 | 11.4 | 2.08 | 1.35 | 4,870 | 7,147 | (2,277) | 95,349 | 70,605 | 39,755 | 24,744 | 8.8 | 1.61 |
| 12/31/21 | 17,938 | 2,682 | 1,706 | 9.5 | 1.74 | 1.53 | 3,012 | 7,981 | (4,969) | 133,013 | 98,218 | 40,004 | 34,393 | 5.0 | 1.16 |
| 12/31/20 | 16,663 | 2,191 | 1,963 | 11.8 | 2.01 | 1.53 | 4,235 | 8,048 | (3,813) | 129,317 | 94,449 | 38,937 | 32,585 | 6.0 | 1.19 |
| 12/31/19 | 34,438 | 4,374 | 2,936 | 8.5 | 3.01 | 1.45 | 6,659 | 7,248 | (589) | 124,977 | 90,404 | 37,320 | 32,224 | 9.1 | 1.16 |
| 12/31/18 | 35,978 | 3,891 | 2,005 | 5.6 | 2.07 | 1.38 | 8,644 | 7,594 | 1,050 | 119,634 | 86,587 | 36,015 | 30,741 | 6.5 | 1.17 |
| 12/31/17 | 33,558 | 4,388 | 3,779 | 11.3 | 3.98 | 1.31 | 7,480 | 7,584 | (104) | 116,770 | 84,583 | 34,976 | 29,896 | 12.6 | 1.17 |
| 12/31/16 | 31,366 | 3,212 | 1,121 | 3.6 | 1.21 | 1.26 | 8,461 | 8,553 | (92) | 114,904 | 87,292 | 35,226 | 25,837 | 4.3 | 1.36 |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; free cash flow = operating cash flow − purchases of property, plant and equipment; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
EXELON CORP
CIK 1109357 · EIN 23-2990190
PRINCIPAL OFFICE:
10 S. Dearborn Street, Po Box 805379, Chicago, IL 60680-5379
Tel.: 8004833220
INCORPORATED:
Pennsylvania
INDUSTRY (SEC SIC CODE):
4931 · Electric & Other Services Combined
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 12 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/12/25) · 10-K FY2023 (filed 2/21/24) · 10-K FY2022 (filed 2/14/23) · 10-K FY2021 (filed 2/25/22) · 10-K FY2020 (filed 2/24/21) · 10-K FY2019 (filed 2/11/20) · 10-K FY2018 (filed 2/8/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.