FINHUB Insights

VST · Q1 FY26 · Mar 31, 2026

Vistra Q1 FY26: where the revenue came from and where it went

Vistra Q1 FY26: revenue $5.6B (+43% year over year). Net profit $1B. Largest cohort Retail Energy Charge in ERCOT $1.9B. The whole income statement as a sankey diagram from the SEC filing.

Period
Mar 31, 2026
Reported
May 8, 2026 10-Q
Sankey diagram of Vistra's income statement for Q1 FY26: revenue of $5.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$5.6B +43% year over year
Operating profit$1.5B 27% margin
Net profit$1B 18% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 5.6 100% +43%
Retail Energy Charge in ERCOT 1.9 34% −5%
Wholesale Generation Revenue From… 1.4 25% +57%
Retail Energy Charge in Northeast… 1.3 23% +21%
Hedging and Other Revenues 0.6 11%
Revenue From Other Wholesale… 0.4 7%
Capacity Revenue 0.1 2% +510%
SG&A−0.48%−2pp
Other−3.766%+0pp
Operating profit1.527% margin+30pp
Tax−0.2
Interest & other costs−0.3
Net profit118%+25pp
Filing on EDGAR More quarters of VST

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters