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AES Corporation revenue

AES Corporation's revenue was $12.23bn in fiscal 2025, down 0.4% on the year before. Since fiscal 2009 ($13.11bn) it has grown at a compound -0.4% a year. Over the last twelve months it was $13.05bn.

Revenue history

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

AES Corporation: revenue history, annual
Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue13.115.416.117.215.916.111.310.310.510.710.29.711.112.612.712.312.213.1
Growth on the year before—+17.8%+4.2%+6.6%−7.4%+1.5%−30.2%−8.7%+2.4%+2.0%−5.1%−5.2%+15.3%+13.2%+0.4%−3.1%−0.4%—
Gross profit3.43.84.03.63.23.02.72.42.52.62.32.72.72.52.52.32.22.6
Gross margin25.6%24.7%25.1%20.9%20.4%18.5%23.7%23.2%23.4%24.0%23.1%27.9%24.3%20.2%19.8%18.8%18.1%20.3%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Electricity Generation $8.2B ▼ 6.4%
Nonregulatedrevenue $7.6B ▼ 3.2%
Electric Distribution $4B ▲ 14.7%
Regulated Revenue $4B ▲ 14.6%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue YoY
Total Outside the US $7.2B ▼ 5.4%
United States $5.1B ▲ 7.8%
CL $1.5B ▼ 1.2%
DO $1.4B ▼ 6.1%
SV $1.1B ▲ 4.8%
Mexico $760M ▲ 64.5%
BG $687M ▲ 43.7%
PA $649M ▼ 2.6%
CO $422M ▼ 38.5%
PR $404M ▼ 5.2%
AR $366M ▲ 15.1%
VN $321M ▲ 2.9%
JO $6M ▼ 78.6%
Other Outside the US $1M ▼ 50.0%
Brazil $0 ▼ 100.0%

These categories overlap or exclude eliminations, so shares aren't shown.

From AES Corporation's 10-K filed March 2, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Independent Power Producers & Energy Traders: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
AES Corporation $13.05bn 8.5% 0.3%
NRG Energy $33.13bn 12.8% 2.9%
Talen Energy Corp $3.44bn 60.8% -8.5%
Transalta Corp $1.72bn -17.1% —
Kenon Holdings Ltd. $872m 16.1% —
Hallador Energy Co $452m 7.9% -8.3%

Compare with peers

Head to head: AES vs NRGAES vs TLNAES vs TAC

More: Independent Power Producers & Energy Traders stocks compared, Utilities sector, rankings of US companies

Figures from AES Corporation's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to AES Corporation.