Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(in millions, except share data)
Net income attributable to Vistra	$	652	$	1,888	$	711	$	2,218
Less cumulative dividends attributable to Series A Preferred Stock	(20)		(20)		(60)		(60)
Less cumulative dividends attributable to Series B Preferred Stock	(17)		(17)		(52)		(52)
Less cumulative dividends attributable to Series C Preferred Stock	(11)		(11)		(32)		(32)
Net income attributable to common stock — basic and diluted	604		1,840		$	567	$	2,074
Weighted average shares of common stock outstanding:
Basic	338,749,454		342,969,916		339,313,294		346,315,125
Dilutive securities: Stock-based incentive compensation plan	6,285,706		7,233,776		6,990,323		7,490,812
Diluted	345,035,160		350,203,692		346,303,617		353,805,937
Net income per weighted average share of common stock outstanding:
Basic	$	1.78	$	5.36	$	1.67	$	5.99
Diluted	$	1.75	$	5.25	$	1.64	$	5.86