Edison International (EIX) Q4 FY2025 earnings: revenue $5.2 billion, up 30.8% on the year

Edison International (EIX) reported revenue of $5.2 billion for Q4 FY2025, the quarter ended 31 December 2025, up 30.8% on the same quarter a year earlier. Net income was $1.8 billion, up 443.5% on the year, and diluted earnings per share $4.78. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2026.

Revenue

$5.2 billion

+30.8% on the year · -9.3% on the quarter

Q1 FY2024Q4 FY2025

Operating margin

52.8%

19.8% a year earlier

Q1 FY2024Q4 FY2025

Net income

$1.8 billion

+443.5% on the year · +122.1% on the quarter

Q1 FY2024Q4 FY2025

Diluted EPS

$4.78

+437.1% on the year · +121.3% on the quarter

Q1 FY2024Q4 FY2025

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

What management said

Guidance figures: 9 new, 1 kept.

Fourth-quarter core EPS was $1.87: Core earnings were $717 million, or $1.87 per share, against $405 million, or $1.05, a year earlier. GAAP net income was $1,848 million, or $4.80 per share.
Full-year 2025 core EPS of $6.55: Full-year core EPS was $6.55 against $4.93 in 2024, above the high end of the guidance range. GAAP EPS was $11.58.
2026 core EPS guided to $5.90-6.20: 2026 core EPS guidance is $5.90 to $6.20 and 2027 is $6.25 to $6.65. Management describes 2026 growth as about 3.5% at the midpoint.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Revenue	5,213	5,750	3,984	-9.3%	+30.8%
Operating income	2,752	1,432	790	+92.2%	+248.4%
Operating margin	52.8%	24.9%	19.8%
Interest expense	246	488	468	-49.6%	-47.4%
Pre-tax income	2,605	1,063	411	+145.1%	+533.8%
Income tax	682	175	3.0	+289.7%	+22,633.3%
Effective tax rate	26.2%	16.5%	0.7%
Net income	1,848	832	340	+122.1%	+443.5%
Net margin	35.4%	14.5%	8.5%
Diluted EPS	$4.78	$2.16	$0.89	+121.3%	+437.1%

$ million except per share.

Fourth quarters are the year less the first three quarters. 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	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Operating cash flow	1,572	2,122	1,170	-25.9%	+34.4%
Capital expenditure	1,891	1,504	1,496	+25.7%	+26.4%
Free cash flow	-319	618	-326
Free cash flow margin	-6.1%	10.7%	-8.2%
Cash from investing	-1,842	-1,491	-1,439
Cash from financing	93.0	-513	310		-70.0%
Depreciation and amortisation	n/a	862	756
Buybacks	0.0	3.0	200
Dividends paid	319	318	302	+0.3%	+5.6%
Dividend per share	n/a	$0.83	n/a
Diluted shares, weighted	386m	386m	388m	0.0%	-0.5%
Shares outstanding at period end	385m	385m	385m	0.0%	+0.0%

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	Q4 FY2025	Q3 FY2025	Q4 FY2024	On the quarter	On the year
Shareholders' equity	17,579	17,155	15,565	+2.5%	+12.9%
Non-controlling interest	1,680	2,175	2,175	-22.8%	-22.8%
Debt	40,388	38,257	36,581	+5.6%	+10.4%
Operating lease liabilities	1,041	1,060	1,056	-1.8%	-1.4%
Other liabilities	33,338	31,842	30,202	+4.7%	+10.4%
Total liabilities and equity	94,026	90,489	85,579	+3.9%	+9.9%
Fixed assets	63,328	61,788	59,254	+2.5%	+6.9%
Investments	4,586	4,545	4,343	+0.9%	+5.6%
Cash and equivalents	158	364	193	-56.6%	-18.1%
Receivables	1,463	2,284	2,169	-35.9%	-32.5%
Inventory	535	524	538	+2.1%	-0.6%
Other assets	23,956	20,984	19,082	+14.2%	+25.5%
Total assets	94,026	90,489	85,579	+3.9%	+9.9%

Questions

What was Edison International's revenue in Q4 FY2025?

Edison International (EIX) reported revenue of $5.2 billion for Q4 FY2025, the quarter ended 31 December 2025, up 30.8% on the same quarter a year earlier.

How much did Edison International earn in Q4 FY2025?

Net income for Q4 FY2025 was $1.8 billion, up 443.5% on the year, and diluted earnings per share $4.78.

When did Edison International report Q4 FY2025 results?

Edison International filed its 10-K for the year that ended with the quarter on 18 February 2026; the fourth quarter is the year less the first three.

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	3,331	3,968	4,008	5,228	4,016	3,966	3,964	4,702	3,706	4,078	4,336	5,201	3,984	3,811	4,543	5,750	5,213	4,103	4,357	4,886
Operating income	621	259	504	-44.0	764	620	724	492	791	245	900	995	790	2,134	775	1,432	2,752	1,074	1,092	980
Operating margin	19%	7%	13%	-1%	19%	16%	18%	10%	21%	6%	21%	19%	20%	56%	17%	25%	53%	26%	25%	20%
Interest expense	231	246	271	302	350	361	392	433	426	444	480	477	468	301	504	488	246	524	514	545
Pre-tax income	432	81.0	299	-261	543	378	460	189	488	-61.0	568	645	411	1,940	384	1,063	2,605	671	675	548
Tax rate	-32%	-68%	2%	n/a	13%	3%	11%	-12%	14%	n/a	10%	11%	1%	23%	-4%	16%	26%	15%	17%	-37%
Net income	523	136	292	-74.0	415	365	354	155	378	-11.0	439	516	340	1,436	343	832	1,848	531	534	724
Net margin	16%	3%	7%	-1%	10%	9%	9%	3%	10%	-0%	10%	10%	9%	38%	8%	14%	35%	13%	12%	15%
Diluted EPS	$1.38	$0.22	$0.63	-$0.33	$1.08	$0.81	$0.92	$0.40	$0.98	-$0.03	$1.13	$1.32	$0.89	$3.72	$0.89	$2.16	$4.78	$1.37	$1.38	$1.87
Operating cash flow	427	792	446	874	1,104	-90.0	802	1,834	855	1,043	329	2,472	1,170	1,224	882	2,122	1,572	1,427	1,270	2,696
Capital expenditure	1,557	1,207	1,501	1,498	1,572	1,324	1,387	1,280	1,457	1,279	1,421	1,511	1,496	1,408	1,712	1,504	1,891	1,539	1,846	1,821
Free cash flow	-1,130	-415	-1,055	-624	-468	-1,414	-585	554	-602	-236	-1,092	961	-326	-184	-830	618	-319	-112	-576	875
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	0.0	0.0	200	29.0	0.0	3.0	0.0	26.0	4.0	12.0
Dividends paid	247	262	262	263	263	277	278	278	279	295	300	301	302	319	318	318	319	338	337	338
Shares outstanding	380m	381m	381m	382m	382m	383m	383m	384m	384m	385m	386m	387m	385m	385m	385m	385m	385m	385m	385m	385m
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. 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-K for the period ended 31 December 2025, filed 18 February 2026: the filing.