Tennessee Valley AuthorityTVEEarnings & Financial Report
The Tennessee Valley Authority (TVA) is a federally-owned electric utility corporation in the United States. TVA's service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina, and Virginia. While owned by the federal government, TVA receives no taxpayer funding and operates similarly to a private for-profit company. It is headquartered in Knoxville, Tennessee, and is the sixth-largest power supplier and largest public utilit...
Revenue
$3.9B
Gross Profit
N/A
Operating Profit
$923.0M
Net Profit
$615.0M
Gross Margin
N/A
Operating Margin
23.6%
Net Margin
15.7%
YoY Growth
11.3%
Tennessee Valley Authority Q4 FY2025 Financial Summary
Tennessee Valley Authority reported revenue of $3.9B (up 11.3% YoY) for Q4 FY2025, with a net profit of $615.0M (up 18.3% YoY) (15.7% margin).
Key Financial Metrics
| Total Revenue | $3.9B |
|---|---|
| Net Profit | $615.0M |
| Gross Margin | N/A |
| Operating Margin | 23.6% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Tennessee Valley Authority Q4 FY2025 revenue of $3.9B breaks down across 7 segments, led by TN at $2.6B (65.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| TN | $2.6B | 65.7% |
| AL | $567.0M | 14.5% |
| MS | $368.0M | 9.4% |
| KY | $245.0M | 6.3% |
| GA | $87.0M | 2.2% |
| NC | $21.0M | 0.5% |
| VA | $13.0M | 0.3% |
Tennessee Valley Authority Revenue by Segment — Quarterly Trend
Tennessee Valley Authority revenue by segment across the last 4 reported quarters, showing how each business line (such as TN and AL) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| TN | $2.0B | $2.6B | $2.2B | $2.3B |
| AL | $449.0M | $567.0M | $477.0M | $520.0M |
| MS | $266.0M | $368.0M | $310.0M | — |
| KY | $193.0M | $245.0M | $209.0M | $214.0M |
| GA | $75.0M | $87.0M | $74.0M | $94.0M |
Tennessee Valley Authority Annual Revenue by Year
Tennessee Valley Authority annual revenue history includes year-by-year totals (for example, 2025 revenue was $13.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $13.7B |
| 2024 | $12.3B |
| 2023 | $12.1B |
| 2022 | $12.5B |
Tennessee Valley Authority Quarterly Revenue & Net Profit History
Tennessee Valley Authority results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $3.0B | +4.4% | $266.0M | 8.7% |
| Q4 FY2025 | $3.9B | +11.3% | $615.0M | 15.7% |
| Q3 FY2025 | $3.3B | +14.8% | $212.0M | 6.4% |
| Q2 FY2025 | $3.5B | +12.0% | $408.0M | 11.6% |
| Q1 FY2025 | $2.9B | +5.6% | $125.0M | 4.3% |
| Q4 FY2024 | $3.5B | +4.0% | $520.0M | 14.8% |
| Q3 FY2024 | $2.9B | +6.7% | $181.0M | 6.3% |
| Q2 FY2024 | $3.2B | +6.6% | $307.0M | 9.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.15B | $2.88B | $3.52B | $2.92B | $3.53B | $3.31B | $3.91B | $3.05B |
| YoY Growth | 6.6% | 6.7% | 4.0% | 5.6% | 12.0% | 14.8% | 11.3% | 4.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $52.34B | $56.20B | $57.70B | $58.36B | $59.30B | $59.88B | $60.88B | $59.52B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.04B | $508.0M | $1.06B | $450.0M | $1.01B | $615.0M | $1.25B | $330.0M |