National Grid share price today

National Grid plc's share price was $85.23 at the close on 4 November 2026. It has been rising for 2 weeks. That is 2.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between $75 and $94, and at that close it sat 55% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today National Grid plc is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the S&P 500, and it has stayed ahead for 2 weeks in a row.

Over the last 10 years the share price moved +7% while the S&P 500 moved +261%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

National Grid plc paid $0.95 per share over the last four reported quarters. The most recent declaration was $0.32 for Mar 2026. At today's price of $85.23 that is a yield of 1.11%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

National Grid is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

National Grid plc earned $2.6 B of net profit in the Mar 2026 quarter, +16.3% on the same quarter a year earlier. Full-year FY26 profit was $3.2 B. Over 4 years profit has grown 8.3% a year on average. That is 24.7% of the quarter's revenue. The same quarter a year earlier earned $1.2 B.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was $3.2 B (+11.6% on the year before).

Why profit moved: revenue changed +2.0% on a year earlier and the margin moved −1.8 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +15.8% and revenue −6.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit.

National Grid plc reported $10.6 B of revenue in the Mar 2026 quarter, +2.0% on the same quarter a year earlier. Over 4 years it has grown −1.0% a year on average. The last full year, FY26, came in at $17.7 B.

Revenue is everything the company billed its customers in the period.

FY26 revenue was $17.7 B, −3.8% on the year before.

Recent pace: the last four quarters grew −6.0% on average, against −1.0% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −13.1%, against +6.0% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −39.1%, against +29.6% a year (rolling over).

National Grid plc's operating margin was 32.6% in the Mar 2026 quarter, 1.8 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Over the last four quarters it has moved +1.0 percentage points. Across 5 years it has been between 19.4% and 29.2%.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

The latest quarter is above every full year in that period.

Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason.

When margins are at a record, every ratio built on profit looks better than usual, so watch whether they hold.

Over the last 3 years, 256% of National Grid plc's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in $7.8 B of operating cash against $3.2 B of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After $10.0 B of spending on assets, free cash was −$2.2 B: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

National Grid plc does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $25.7 B on assets over the last 3 years. Averaged over those years that is 48.4% of FY26 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $25.7 B over the last 3 years.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

National Grid plc's P/E is 19.4×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.