EXC

EXELON CORP

Ticker: EXCUtilitiesElectric, Gas & WaterS&P 500
HQ CHICAGO, ILCIK 1109357FY end 12-31Book / share $28.92Shares 1027M
Revenue (FY)
$24.26B+5.34%
TTM $25.33B
Op. margin
21.22%+2.47%
TTM 20.80%
Net income
$2.77B+12.52%
TTM $2.78B
Operating cash
$6.25B+12.30%
TTM $7.21B
Free cash flow
$-2.27B-48.89%
TTM $-1.92B
Return on equity
9.61%+0.47%
TTM 9.37%
Debt / equity
0.11-0.06%
TTM 1.78
Shares outstanding
1.0B+0.90%
TTM 1.0B

The business

Exelon Corporation (NASDAQ: EXC) operates as a utility services holding company engaged primarily in energy transmission and distribution through its subsidiaries. The company's website is www.exeloncorp.com.

The company serves customers across the northeastern and mid-Atlantic United States through six regulated utility subsidiaries: Commonwealth Edison Company (ComEd), which operates in northern Illinois including Chicago; PECO Energy Company, serving southeastern Pennsylvania including Philadelphia; Baltimore Gas and Electric Company (BGE), operating in central Maryland; and three subsidiaries under Pepco Holdings LLC—Potomac Electric Power Company (Pepco) in the District of Columbia and portions of Maryland, Delmarva Power & Light Company (DPL) in Delaware and Maryland, and Atlantic City Electric Company (ACE) in southern New Jersey. Exelon also provides business services through its subsidiary Exelon Business Services Company.

Exelon's core business involves purchasing and regulated retail sale of electricity and natural gas, with transmission and distribution of these utilities to retail customers across its service territories. The company does not generate electricity but procures supply through contracts and market purchases as directed by state laws and regulatory commissions. The utilities serve approximately 10.4 million total customers across their combined service territories spanning over 25,000 square miles.

As of December 31, 2025, Exelon employed approximately 20,571 people, with roughly 42 percent participating in collective bargaining agreements. The company operates as a capital-intensive business, with planned investments of approximately 41 billion dollars over four years in electric and natural gas infrastructure improvements, modernization projects, smart grid technology, storm hardening, and transmission projects.

Exelon's strategy focuses on maintaining operational excellence, enhancing customer experience, and advancing clean and affordable energy choices while ensuring fair financial returns through appropriate ratemaking mechanisms. The company announced its Path to Clean goal in August 2021, targeting a 50 percent reduction in operations-driven greenhouse gas emissions by 2030 against a 2015 baseline and net-zero operations-driven emissions by 2050. The utility registrants invest significantly in energy efficiency programs, with estimated customer program investments totaling 4.9 billion dollars from 2026 through 2029.

Sector
Utilities
Industry
Electric, Gas & Water
HQ
CHICAGO, IL
FY end
12-31
CIK
1109357
SIC
4931
Financial performance · annual
20132025
$-3.63B$7.27B$18.17B$29.08B$39.98B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds EXELON CORP — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

820
funds hold it
0 of 35
superinvestors hold it
$20.09B
fund-held value
42.0%
of shares held by funds
83
bond issues held by funds

Top fund holders

Fund% of fundValue
Income Fund of America
AMECX
1.23%$1.80B
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.07%$1.51B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.07%$1.24B
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.46%$1.03B
Invesco QQQ Trust, Series 1
QQQ
0.21%$1.01B

Bonds held by funds

Funds report holding 83 issues of EXELON CORP's debt, $4.80B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.58%, maturing 20262056.

IssueCouponMaturesFundsFund-held
EXELON CORP4.050%2030-04-1597$306.32M
Exelon Corp5.150%2028-03-1569$219.54M
EXELON CO6.500%Variable2055-03-1592$215.06M
EXELON CO5.300%2033-03-1553$172.88M
BALTIMORE GAS5.450%2035-06-0158$158.00M
Exelon Corp5.450%2034-03-1560$153.23M
EXELON CO3.350%2032-03-1558$151.22M
EXELON CO5.150%2029-03-1590$121.50M
Exelon Corp4.950%2036-03-1559$119.00M
COMMONWEALTH EDI4.550%2031-06-0147$116.70M

The 10 largest by fund-held value, of 83.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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15 years of EXELON CORP's financials

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