Latest revenue
$7.24B
as of 2026-03-31
Latest net income
—
as of 2026-03-31
Net margin
—
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $46.00B
- Enterprise value
- $94.00B
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- 1.64×
- Dividend yield
- 2.6%
- 52-wk high
- $50.65
- 52-wk low
- $42.11
- Beta
- —
- Shares out
- 995.0M
5-year trend
What this company does
Exelon is a regulated utility holding company that delivers electricity and natural gas to roughly 10 million customers across the Mid-Atlantic, Illinois, and Washington D.C. through subsidiaries like ComEd, PECO, BGE, Pepco, DPL, and ACE. It earns revenue primarily from rate-regulated transmission and distribution charges set by state and federal regulators, not from power generation. Following its 2022 spinoff of Constellation, Exelon now operates as a pure-play transmission and distribution utility focused on grid investment to support load growth from data centers and electrification.
Generated from EXC's filing dated 2026-02-12
Key risks
- Filing discloses no updated risk factors; Exelon refers investors to its 2024 Form 10-K, leaving Q3 2025 risk visibility limited.
Generated from EXC's filing dated 2026-02-12
Profitability
Operating margin
20.6%
10.2%Leverage
Debt / equity
3.05×
1.5%Long-term debt / equity
1.49×
0.5%Debt / assets
75.3%
0.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $7.24B | +7.9% | — | — | — |
Q4 2025 2025-12-31 | $6.16B | +8.6% | — | — | — |
Q3 2025 2025-09-30 | $6.71B | +9.0% | — | — | — |
Q2 2025 2025-06-30 | $5.43B | +1.2% | — | — | — |
Q1 2025 2025-03-31 | $6.71B | +13.1% | — | — | — |
Q4 2024 2024-12-31 | $5.67B | — | — | — | — |
Q3 2024 2024-09-30 | $6.15B | +4.8% | — | — | — |
Q2 2024 2024-06-30 | $5.36B | +14.3% | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Electric & Other Services Combined · SIC 4931
Your notes
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Insider activity
Insider buying
$0
Insider selling
$0
Net activity
+$0
Distinct insiders
0
Open-market trades over the last 365 days.
Recent transactions
| Date | Insider | Type | Shares | Price | Value |
|---|
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns EXC
Institutional value
$16.82B
Total shares held
347.8M
Distinct holders
757
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 66.0M | $3.24B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 54.7M | $2.68B | — | New |
| 3 | GQG Partners LLC | 22.3M | $1.09B | — | New |
| 4 | DEUTSCHE BANK AG\ | 19.7M | $963.6M | — | New |
| 5 | Invesco Ltd. | 16.0M | $782.7M | — | New |
| 6 | Legal & General Group Plc | 13.2M | $646.0M | — | New |
| 7 | Bank of New York Mellon Corp | 12.8M | $628.2M | — | New |
| 8 | HSBC HOLDINGS PLC | 8.4M | $412.1M | — | New |
| 9 | VANGUARD FIDUCIARY TRUST CO | 5.7M | $281.7M | — | New |
| 10 | UBS Group AG | 5.6M | $273.3M | — | New |
| 11 | California Public Employees Retirement System | 4.9M | $239.2M | — | New |
| 12 | Nuveen, LLC | 4.4M | $215.9M | — | New |
| 13 | Allianz Asset Management GmbH | 4.2M | $206.3M | — | New |
| 14 | DIMENSIONAL FUND ADVISORS LP | 3.8M | $184.6M | — | New |
| 15 | ANTIPODES PARTNERS Ltd | 3.8M | $184.5M | — | New |
| 16 | Robeco Institutional Asset Management B.V. | 3.3M | $164.0M | — | New |
| 17 | Swedbank AB | 3.1M | $152.9M | — | New |
| 18 | Swiss National Bank | 3.0M | $145.3M | — | New |
| 19 | CITIGROUP INC | 2.9M | $143.8M | — | New |
| 20 | Russell Investments Group, Ltd. | 2.7M | $133.0M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With $19.5B revenue YTD, what specific load growth from data centers is embedded in your 2025-2028 capex plan, and what's the downside scenario?
- 2
Why hasn't management updated risk factors despite Illinois rate case tensions and FERC's recent actions on co-located data center loads?
- 3
Given ComEd's distribution rate case outcome, what is the realistic ROE achievement gap versus authorized, and how does that pressure the $38B capital plan?
Refreshed when EXC files a new report · last from 2026-02-12