The AES (AES) Financials: History & Chart

The AES Corporation (AES)AESThe AES Corporation

About The AES Corporation

The AES Corporation operates as an international enterprise primarily focused on electricity generation and distribution. Its activities involve both the ownership and management of power plants, producing and supplying electricity to a diverse clientele that includes other utility companies, large industrial consumers, and various intermediate purchasers. Beyond generation, AES also functions as a utility provider, managing infrastructure to either produce or acquire, then transmit, distribute, and ultimately sell power directly to end-users across residential, commercial, industrial, and governmental sectors. The company is also an active participant in the wholesale electricity market. For power production, AES utilizes a broad spectrum of energy sources and advanced technologies. This includes conventional fuels like coal and natural gas, as well as a significant commitment to renewables such as hydroelectric, wind, solar, and biomass. Its renewable portfolio further incorporates energy storage solutions and landfill gas. With an operational generation capacity of approximately 31,459 megawatts, the company maintains a substantial global presence, conducting business in the United States, Puerto Rico, various nations across Central and South America (including El Salvador, Chile, Colombia, Argentina, Brazil, Mexico), the Caribbean, Europe, and Asia. Founded in 1981, the company was initially named Applied Energy Services, Inc., before officially rebranding to The AES Corporation in April 2000. Its corporate headquarters are located in Arlington, Virginia.

Arlington, VA

8,336 employees

www.aes.com

Utilities / Diversified Utilities

Sector: Utilities
Industry: Diversified Utilities
CEO: Andres Ricardo Gluski Weilert

View full financials

Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024	Quarter ended Jun 2024
Revenue	12.49B	3.18B	3.10B	3.35B	2.85B	2.93B	2.96B	3.29B	2.94B
Cost of Goods Sold	10.08B	2.54B	2.52B	2.62B	2.40B	2.48B	2.54B	2.57B	2.39B
Gross Profit	2.41B	640.00M	582.00M	735.00M	454.00M	440.00M	420.00M	721.00M	553.00M
Gross Profit Margin	19.3%	20.1%	18.8%	21.9%	15.9%	15.0%	14.2%	21.9%	18.8%
Total Operating Expenses	354.00M	55.00M	69.00M	181.00M	49.00M	77.00M	90.00M	57.00M	66.00M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	219.00M	55.00M	69.00M	46.00M	49.00M	77.00M	90.00M	57.00M	66.00M
Operating Income (EBIT)	2.06B	585.00M	513.00M	554.00M	405.00M	363.00M	330.00M	664.00M	487.00M
Operating Margin	16.5%	18.4%	16.5%	16.5%	14.2%	12.4%	11.1%	20.2%	16.6%
Income Before Tax (EBT)	762.00M	234.00M	-269.00M	780.00M	17.00M	-56.00M	256.00M	320.00M	118.00M
Interest Income	283.00M	65.00M	72.00M	76.00M	70.00M	69.00M	69.00M	119.00M	88.00M
Interest Expense	1.42B	353.00M	373.00M	348.00M	346.00M	326.00M	360.00M	376.00M	358.00M
Other Income/Expense	-1.29B	-351.00M	-782.00M	226.00M	-388.00M	-419.00M	-74.00M	-344.00M	-369.00M
Net Income	1.34B	487.00M	322.00M	634.00M	-105.00M	46.00M	560.00M	509.00M	282.00M
Income Tax Expense	213.00M	-41.00M	-139.00M	226.00M	167.00M	17.00M	7.00M	103.00M	-35.00M
Net Profit Margin	10.7%	15.3%	10.4%	18.9%	-3.7%	1.6%	18.9%	15.5%	9.6%
EBITDA	3.61B	1.02B	914.00M	919.00M	759.00M	700.00M	668.00M	970.00M	802.00M
EBITDA Margin	28.9%	32.0%	29.5%	27.4%	26.6%	23.9%	22.6%	29.5%	27.3%
Depreciation & Amortization	1.55B	433.00M	401.00M	365.00M	354.00M	337.00M	338.00M	306.00M	315.00M
EPS Basic	1.88	0.68	0.46	0.89	-0.15	0.07	0.79	0.71	0.40
EPS Diluted	1.88	0.68	0.46	0.89	-0.15	0.07	0.79	0.71	0.40
Shares Outstanding	715.00M	715.00M	714.00M	714.00M	711.00M	711.00M	708.86M	711.00M	707.41M
Diluted Shares Outstanding	715.00M	715.00M	714.00M	714.00M	712.00M	713.00M	713.00M	713.00M	713.00M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	12.23B	12.28B	12.68B	12.62B	11.14B	9.66B	10.19B	10.74B
Cost of Goods Sold	10.02B	9.96B	10.16B	10.07B	8.43B	6.97B	7.84B	8.16B
Gross Profit	2.21B	2.32B	2.52B	2.55B	2.71B	2.69B	2.36B	2.58B
Gross Profit Margin	18.1%	18.9%	19.8%	20.2%	24.3%	27.9%	23.2%	24.0%
Total Operating Expenses	241.00M	288.00M	255.00M	207.00M	166.00M	165.00M	196.00M	192.00M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	241.00M	288.00M	255.00M	207.00M	166.00M	165.00M	196.00M	192.00M
Operating Income (EBIT)	1.97B	2.03B	2.26B	2.34B	2.55B	2.53B	2.17B	2.39B
Operating Margin	16.1%	16.5%	17.8%	18.6%	22.9%	26.2%	21.3%	22.2%
Income Before Tax (EBT)	20.00M	868.00M	72.00M	-240.00M	-1.09B	365.00M	829.00M	2.06B
Interest Income	287.00M	381.00M	551.00M	389.00M	298.00M	268.00M	318.00M	310.00M
Interest Expense	1.42B	1.52B	1.30B	1.06B	826.00M	978.00M	1.02B	1.01B
Other Income/Expense	-1.95B	-1.16B	-2.19B	-2.58B	-3.63B	-2.16B	-1.34B	-333.00M
Net Income	949.00M	1.69B	242.00M	-546.00M	-413.00M	43.00M	302.00M	1.00B
Income Tax Expense	-181.00M	59.00M	261.00M	265.00M	-133.00M	216.00M	352.00M	708.00M
Net Profit Margin	7.8%	13.7%	1.9%	-4.3%	-3.7%	0.4%	3.0%	9.3%
EBITDA	3.43B	3.29B	3.39B	3.39B	3.60B	3.60B	3.21B	3.39B
EBITDA Margin	28.0%	26.8%	26.7%	26.9%	32.3%	37.2%	31.5%	31.6%
Depreciation & Amortization	1.46B	1.26B	1.13B	1.05B	1.06B	1.07B	1.04B	1.00B
EPS Basic	1.26	2.38	0.37	-0.82	-0.61	0.07	0.46	1.82
EPS Diluted	1.26	2.36	0.35	-0.82	-0.61	0.07	0.45	1.81
Shares Outstanding	712.00M	705.46M	669.00M	665.85M	670.49M	657.14M	667.00M	660.99M
Diluted Shares Outstanding	712.00M	713.00M	712.00M	668.00M	666.00M	668.00M	667.00M	665.00M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.