Edison International (EIX) Q1 FY2026 earnings: revenue $4.1 billion, up 7.7% on the year

Edison International (EIX) reported revenue of $4.1 billion for Q1 FY2026, the quarter ended 31 March 2026, up 7.7% on the same quarter a year earlier. Net income was $531 million, down 63.0% on the year, and diluted earnings per share $1.37. The figures are the company's own, from the 10-Q it filed with the SEC on 28 April 2026.

Revenue

$4.1 billion

+7.7% on the year · -21.3% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

26.2%

56.0% a year earlier

Q2 FY2024Q1 FY2026

Net income

$531 million

-63.0% on the year · -71.3% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$1.37

-63.2% on the year · -71.3% on the quarter

Q2 FY2024Q1 FY2026

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

What management said

Guidance figures: 1 lowered, 5 kept.

Core EPS $1.42, GAAP EPS $1.38: Q1 2026 GAAP basic EPS was $1.38 and core EPS was $1.42, against $3.73 and $1.37 a year earlier. Diluted GAAP EPS was $1.37.
Core earnings up 5 cents year over year: Core earnings rose 5 cents, mainly from the GRC decision adopted in 2026. This was partly offset by about 30 cents recorded in Q1 2025 for TKM cost recovery.
Cleaner regulatory slate in 2026: Management said 2026 has fewer open proceedings after major decisions were resolved last year, giving greater visibility into capital recovery.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	4,103	5,213	3,811	-21.3%	+7.7%
Operating income	1,074	2,752	2,134	-61.0%	-49.7%
Operating margin	26.2%	52.8%	56.0%
Interest expense	524	246	301	+113.0%	+74.1%
Pre-tax income	671	2,605	1,940	-74.2%	-65.4%
Income tax	101	682	448	-85.2%	-77.5%
Effective tax rate	15.1%	26.2%	23.1%
Net income	531	1,848	1,436	-71.3%	-63.0%
Net margin	12.9%	35.4%	37.7%
Diluted EPS	$1.37	$4.78	$3.72	-71.3%	-63.2%

$ 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	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	1,427	1,572	1,224	-9.2%	+16.6%
Capital expenditure	1,539	1,891	1,408	-18.6%	+9.3%
Free cash flow	-112	-319	-184
Free cash flow margin	-2.7%	-6.1%	-4.8%
Cash from investing	-1,588	-1,842	-1,374
Cash from financing	212	93.0	1,374	+128.0%	-84.6%
Depreciation and amortisation	834	n/a	742		+12.4%
Buybacks	26.0	0.0	29.0		-10.3%
Dividends paid	338	319	319	+6.0%	+6.0%
Dividend per share	$0.88	n/a	$0.83		+6.0%
Diluted shares, weighted	387m	386m	386m	+0.3%	+0.3%
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	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	17,320	17,579	16,622	-1.5%	+4.2%
Non-controlling interest	1,564	1,680	2,175	-6.9%	-28.1%
Short-term borrowings	n/a	n/a	5.0
Debt	41,549	40,388	38,386	+2.9%	+8.2%
Operating lease liabilities	1,028	1,041	1,046	-1.2%	-1.7%
Other liabilities	33,014	33,338	30,186	-1.0%	+9.4%
Total liabilities and equity	94,475	94,026	88,420	+0.5%	+6.8%
Fixed assets	64,214	63,328	60,154	+1.4%	+6.7%
Investments	4,520	4,586	4,290	-1.4%	+5.4%
Cash and equivalents	168	158	1,318	+6.3%	-87.3%
Receivables	1,577	1,463	1,864	+7.8%	-15.4%
Inventory	542	535	539	+1.3%	+0.6%
Other assets	23,454	23,956	20,255	-2.1%	+15.8%
Total assets	94,475	94,026	88,420	+0.5%	+6.8%

Questions

What was Edison International's revenue in Q1 FY2026?

Edison International (EIX) reported revenue of $4.1 billion for Q1 FY2026, the quarter ended 31 March 2026, up 7.7% on the same quarter a year earlier.

How much did Edison International earn in Q1 FY2026?

Net income for Q1 FY2026 was $531 million, down 63.0% on the year, and diluted earnings per share $1.37.

When did Edison International report Q1 FY2026 results?

Edison International filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 28 April 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	3,331	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-Q for the period ended 31 March 2026, filed 28 April 2026: the filing.