Consolidated Edison (ED) Q3 FY2026 earnings: revenue $4.9 billion, up 8.5% on the year

Consolidated Edison Inc. (ED) reported revenue of $4.9 billion for Q3 FY2026, the quarter ended 30 September 2026, up 8.5% on the same quarter a year earlier. Net income was $766 million, up 11.3% on the year, and diluted earnings per share $2.06. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$4.9 billion

+8.5% on the year · +20.7% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

23.8%

21.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

$766 million

+11.3% on the year · +148.7% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$2.06

+8.4% on the year · +148.2% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 kept.

Third-quarter reported net income rose: Reported net income for the quarter was $766 million, or $2.07 a share, up from $688 million, or $1.91 a share, in the 2025 third quarter. Adjusted earnings were $2.07 a share against $1.90.
Nine-month adjusted earnings reached $1,864 million: Adjusted earnings for the first nine months were $1,864 million, or $5.08 a share, against $1,718 million, or $4.82 a share, a year earlier. Reported nine-month net income was $1,998 million, or $5.44 a share.
CECONY variance led by rate base: CECONY's quarterly variance was $80 million, or $0.17 a share, led by $62 million from higher electric rate base and $9 million from higher allowance for equity funds used during construction.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	4,913	4,069	4,530	+20.7%	+8.5%
Operating income	1,170	552	968	+112.0%	+20.9%
Operating margin	23.8%	13.6%	21.4%
Interest expense	317	314	309	+1.0%	+2.6%
Pre-tax income	1,021	408	890	+150.2%	+14.7%
Income tax	255	100	202	+155.0%	+26.2%
Effective tax rate	25.0%	24.5%	22.7%
Net income	766	308	688	+148.7%	+11.3%
Net margin	15.6%	7.6%	15.2%
Diluted EPS	$2.06	$0.83	$1.90	+148.2%	+8.4%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	854	1,797	504	-52.5%	+69.4%
Cash from investing	-1,701	-1,418	-1,131
Cash from financing	-522	944	-698
Depreciation and amortisation	589	578	586	+1.9%	+0.5%
Dividends paid	316	316	295	0.0%	+7.1%
Dividend per share	$0.89	$0.89	$0.85	0.0%	+4.7%
Diluted shares, weighted	372m	370m	362m	+0.5%	+2.7%
Shares outstanding at period end	371m	370m	361m	+0.3%	+2.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	26,295	25,719	24,168	+2.2%	+8.8%
Debt	27,486	27,814	26,161	-1.2%	+5.1%
Operating lease liabilities	378	381	394	-0.8%	-4.1%
Other liabilities	23,031	22,545	21,121	+2.2%	+9.0%
Total liabilities and equity	77,190	76,459	71,844	+1.0%	+7.4%
Fixed assets	58,330	57,104	54,397	+2.1%	+7.2%
Goodwill	406	406	408	0.0%	-0.5%
Investments	1,091	1,101	1,229	-0.9%	-11.2%
Cash and equivalents	100	1,470	181	-93.2%	-44.8%
Receivables	2,575	2,559	2,347	+0.6%	+9.7%
Other assets	14,688	13,819	13,282	+6.3%	+10.6%
Total assets	77,190	76,459	71,844	+1.0%	+7.4%

Questions

What was Consolidated Edison's revenue in Q3 FY2026?

Consolidated Edison (ED) reported revenue of $4.9 billion for Q3 FY2026, the quarter ended 30 September 2026, up 8.5% on the same quarter a year earlier.

How much did Consolidated Edison earn in Q3 FY2026?

Net income for Q3 FY2026 was $766 million, up 11.3% on the year, and diluted earnings per share $2.06.

When did Consolidated Edison report Q3 FY2026 results?

Consolidated Edison filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	3,415	4,060	3,415	4,165	4,030	4,403	2,944	3,872	3,444	4,280	3,220	4,092	3,664	4,798	3,595	4,530	3,995	5,095	4,069	4,913
Operating income	698	799	387	889	549	1,739	284	722	451	1,011	320	862	477	1,125	355	968	487	1,177	552	1,170
Operating margin	20%	20%	11%	21%	14%	39%	10%	19%	13%	24%	10%	21%	13%	23%	10%	21%	12%	23%	14%	24%
Interest expense	236	182	205	199	266	262	236	259	266	289	288	306	304	313	300	309	311	308	314	317
Pre-tax income	182	707	271	779	341	1,673	255	670	405	904	192	721	321	1,033	296	890	378	1,227	408	1,021
Tax rate	-2%	22%	6%	21%	49%	15%	11%	21%	18%	20%	-5%	18%	3%	23%	17%	23%	21%	25%	25%	25%
Net income	224	602	255	613	190	1,433	226	526	334	720	202	588	310	791	246	688	298	924	308	766
Net margin	7%	15%	7%	15%	5%	33%	8%	14%	10%	17%	6%	14%	8%	16%	7%	15%	7%	18%	8%	16%
Diluted EPS	$0.63	$1.70	$0.72	$1.72	$0.52	$4.05	$0.65	$1.52	$0.96	$2.08	$0.58	$1.69	$0.89	$2.25	$0.68	$1.90	$0.82	$2.54	$0.83	$2.06
Operating cash flow	1,021	473	1,484	661	1,317	92.0	1,072	17.0	975	573	1,339	392	1,310	837	1,979	504	1,480	174	1,797	854
Buybacks	n/a	0.0	0.0	0.0	1,000	1,000	0.0	0.0	0.0	0.0	0.0	0.0	0.0	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Dividends paid	262	276	268	268	277	284	278	267	267	274	275	275	276	282	294	295	295	308	316	316
Shares outstanding	354m	354m	355m	355m	355m	347m	345m	345m	345m	346m	346m	346m	347m	360m	361m	361m	361m	369m	370m	371m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.