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Vistra Operations Company LLC (VST) Pre-Tax Margin

Vistra Corp. Pre-Tax Margin

Pre-tax margin is the percentage of revenue left as profit after every expense except income tax. It is income before income tax divided by revenue, and the table shows both amounts beside the percentage. It sits between operating margin and net margin: it includes interest and other non-operating items but not the tax charge, so the gap down to net margin is the tax burden. Quarterly and annual points each use the amounts filed for that same period, so a single quarter can swing with the seasons.

  • Vistra Corp. pre-tax margin for the quarter ending 2026-06-30 was 10.63%, a 12.10% increase year-over-year.
  • Vistra Corp. pre-tax margin for the quarter ending 2026-03-31 was 21.49%, a change of 32.78% year-over-year.
  • Vistra Corp. pre-tax margin for the quarter ending 2025-12-31 was 6.72%, a 39.86% decline year-over-year.
  • Vistra Corp. pre-tax margin for the quarter ending 2025-09-30 was 17.22%, a 54.73% decline year-over-year.
  • Vistra Corp. pre-tax margin for fiscal 2025 was 6.33%, a 68.55% decline from fiscal 2024.
  • Vistra Corp. pre-tax margin for fiscal 2024 was 20.13%, a 48.74% increase from fiscal 2023.
  • Vistra Corp. pre-tax margin for fiscal 2023 was 13.53%, a change of 24.90% from fiscal 2022.
  • Vistra Corp. pre-tax margin for fiscal 2022 was -11.36%, a change of 2.89% from fiscal 2021.
Available history
2017-03-31 to 2026-06-30
Data captured

Historical Pre-Tax Margin

DatePre-Tax MarginPre-tax incomeRevenue
2026-06-3010.63%$427M$4.02B
2026-03-3121.49%$1.21B$5.64B
2025-12-316.72%$308M$4.58B
2025-09-3017.22%$856M$4.97B
2025-06-309.48%$403M$4.25B
2025-03-31-11.29%-$444M$3.93B
2024-12-3111.17%$451M$4.04B
2024-09-3038.04%$2.39B$6.29B
2024-06-3016.28%$626M$3.85B
2024-03-31-0.07%-$2M$3.05B
2023-12-31-4.74%-$146M$3.08B
2023-09-3016.42%$671M$4.09B
2023-06-3018.78%$599M$3.19B
2023-03-3119.80%$876M$4.43B
2022-12-31-8.68%-$336M$3.87B
2022-09-3017.76%$914M$5.15B
2022-06-30-111.08%-$1.76B$1.59B
2022-03-31-12.00%-$375M$3.13B
2021-12-3125.38%$841M$3.31B
2021-09-301.37%$41M$2.99B
2021-06-30-3.12%-$80M$2.57B
2021-03-31-78.73%-$2.53B$3.21B
2020-12-31-1.74%-$44M$2.52B
2020-09-3018.05%$641M$3.55B
2020-06-309.25%$232M$2.51B
2020-03-312.17%$62M$2.86B
2019-12-318.88%$254M$2.86B
2019-09-304.98%$159M$3.19B
2019-06-3017.73%$502M$2.83B
2019-03-3110.30%$301M$2.92B
2018-12-31-10.22%-$262M$2.56B
2018-09-3016.19%$525M$3.24B
2018-06-301.20%$31M$2.57B
2018-03-31-51.63%-$395M$765M
2017-12-31-38.07%-$359M$943M
2017-09-3028.59%$524M$1.83B
2017-06-30-2.62%-$34M$1.3B
2017-03-318.77%$119M$1.36B

Annual Pre-Tax Margin

DatePre-Tax MarginPre-tax incomeRevenue
2025-12-316.33%$1.12B$17.74B
2024-12-3120.13%$3.47B$17.22B
2023-12-3113.53%$2B$14.78B
2022-12-31-11.36%-$1.56B$13.73B
2021-12-31-14.26%-$1.72B$12.08B
2020-12-317.78%$890M$11.44B
2019-12-3110.30%$1.22B$11.81B
2018-12-31-1.10%-$101M$9.14B
2017-12-314.60%$250M$5.43B

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