AES Corporation (AES) financials
AES revenue and earnings by year
AES's revenue was $12.2 billion in the fiscal year to December 31, 2025, down 0.4% from the year before. Net income was $910 million, 7.4% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.0% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.2 | 12.3 | 12.7 | 12.6 | 11.1 | 9.7 | 10.2 | 10.7 | 10.5 | 10.3 |
| Revenue growth | -0.4% | -3.1% | 0.4% | 13.2% | 15.3% | -5.2% | -5.1% | 2.0% | 2.4% | — |
| Gross profit | 2.2 | 2.3 | 2.5 | 2.5 | 2.7 | 2.7 | 2.3 | 2.6 | 2.5 | 2.4 |
| Gross margin | 18.1% | 18.8% | 19.8% | 20.2% | 24.3% | 27.9% | 23.1% | 24.0% | 23.4% | 23.2% |
| Operating income | 1.3 | 1.5 | 1.1 | 0.7 | 0.9 | 1.6 | 1.9 | 2.1 | 1.7 | 1.0 |
| Operating margin | 10.5% | 12.0% | 8.5% | 5.8% | 8.2% | 16.7% | 18.5% | 19.7% | 15.7% | 9.9% |
| Net income | 0.9 | 1.7 | 0.2 | -0.5 | -0.4 | 0.0 | 0.3 | 1.2 | -1.2 | -1.1 |
| Net margin | 7.4% | 13.7% | 2.0% | -4.3% | -3.7% | 0.5% | 3.0% | 11.2% | -11.0% | -11.0% |
| Diluted EPS | $1.26 | $2.36 | $0.35 | -$0.87 | -$0.65 | $0.07 | $0.45 | $1.81 | -$1.76 | -$1.72 |
| Free cash flow | -1.6 | -4.6 | -4.7 | -1.8 | -0.2 | 0.9 | 0.1 | 0.2 | 0.3 | 0.6 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open AES in Markets.
See also: AES valuation and P/E history · AES returns
No forecast, no recommendation. This page describes AES Corporation from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.