National Grid annual operating expenses
2016
2017
2018
2019
2020
2021
2023
2024
2025
2026
National Grid Operating Expenses Growth & History (NG.)
National Grid's operating expenses was £8.42B for fiscal 2026.
View full National Grid company overviewNational Grid annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | £8.42B | −£364.0M | −4.15% |
| 2025 | 2025-03-31 | £8.78B | −£1.13B | −11.41% |
| 2024 | 2024-03-31 | £9.91B | £1.76B | +21.56% |
| 2023 | 2023-03-31 | £8.15B | — | — |
| 2021 | 2021-03-31 | £11.88B | £124.0M | +1.05% |
| 2020 | 2020-03-31 | £11.76B | −£303.0M | −2.51% |
| 2019 | 2019-03-31 | £12.06B | £306.0M | +2.60% |
| 2018 | 2018-03-31 | £11.76B | −£70.0M | −0.59% |
| 2017 | 2017-03-31 | £11.83B | £1.84B | +18.42% |
| 2016 | 2016-03-31 | £9.99B | — | — |
National Grid operating expenses trends
Over the last five fiscal years, National Grid's operating expenses decreased from £11.88B to £8.42B, a change of −£3.47B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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