National Grid PLC ADR (NGG) revenue breakdown
By segment, New York is the largest at 43% of fiscal 2026 revenue, growing 9% a year over 6 years.
By product, Distribution is the largest at 77% of fiscal 2026 revenue, growing 6% a year over 7 years.
Revenue by segment
Fiscal years, as National Grid PLC ADR reports them in its 10-K filings; fiscal 2026 total $17.7B.
| Segments | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| New York | — | — | — | $4.6B | $4.6B | $5.6B | $7.0B | $6.1B | $6.7B | $7.6B | 43% |
| New England | — | — | — | $4.2B | $4.2B | $4.5B | $4.4B | $3.9B | $4.3B | $4.2B | 24% |
| UK Electricity Transmission | $4.4B | $4.1B | $3.3B | $2.0B | $2.0B | $2.0B | $1.9B | $2.7B | $2.5B | $2.8B | 16% |
| UK Electricity Distribution | — | — | — | — | — | $1.5B | $2.0B | $1.8B | $2.4B | $1.9B | 11% |
| National Grid Ventures | — | — | — | — | $786M | $1.0B | $1.3B | $1.3B | $1.4B | $1.1B | 6% |
| Other | — | — | — | — | $78M | $381M | $317M | $238M | $116M | $90M | 1% |
| UK Electricity System Operator | — | — | — | $1.7B | $2.0B | $3.4B | $4.7B | $3.8B | $1.0B | — | — |
| US Regulated | $8.9B | $9.3B | $9.8B | — | — | — | — | — | — | — | — |
| UK Gas Transmission | $981M | $1.1B | $884M | — | — | — | — | — | — | — | — |
| NGV and Other | $713M | $770M | $872M | $830M | — | — | — | — | — | — | — |
Revenue by product
Fiscal years, as National Grid PLC ADR reports them in its 10-K filings; fiscal 2026 total $17.0B.
| Products | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Distribution | $8.9B | $8.3B | $8.3B | $10.9B | $12.6B | $11.0B | $12.9B | $13.1B | 77% |
| Transmission | $3.3B | $2.6B | $2.6B | $3.1B | $3.4B | $4.0B | $3.5B | $3.7B | 22% |
| Other | $284M | $226M | $97M | $310M | $260M | $293M | $318M | $152M | 1% |
| System Operator | $1.6B | $1.6B | $2.1B | $3.4B | $4.5B | $3.8B | $966M | — | — |
Revenue by region
Fiscal years, as National Grid PLC ADR reports them in its 10-K filings; fiscal 2026 total $17.7B.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Share |
|---|---|---|---|---|---|---|---|---|---|---|---|
| US | $9.0B | $9.3B | $9.9B | $9.3B | $9.3B | $10.6B | $12.0B | $10.8B | $11.7B | $12.2B | 69% |
| UK | $6.1B | $5.9B | $5.0B | $4.1B | $4.4B | $7.8B | $9.6B | $9.1B | $6.7B | $5.5B | 31% |
Questions
Where does National Grid PLC ADR make its money?
In fiscal 2026, by segment: New York $7.6B, New England $4.2B, UK Electricity Transmission $2.8B, UK Electricity Distribution $1.9B, National Grid Ventures $1.1B.
From National Grid PLC ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.