AES CorporationAESEarnings & Financial Report
The AES Corporation is an American utility and power generation company. It owns and operates power plants, which it uses to generate and sell electricity to end users and intermediaries like utilities and industrial facilities. AES, headquartered in Arlington, Virginia, is one of the world's leading power companies, generating and distributing electric power in 15 countries and employing 10,500 people worldwide. AES Corporation is a global Fortune 500 power company.
Revenue
$3.1B
Gross Profit
$619.0M
Operating Profit
$277.0M
Net Profit
$432.0M
Gross Margin
20.1%
Operating Margin
9.0%
Net Margin
14.0%
YoY Growth
-4.8%
EPS
$0.60
AES Corporation Q1 FY2024 Financial Summary
AES Corporation reported revenue of $3.1B (down 4.8% YoY) for Q1 FY2024, with a net profit of $432.0M (up 186.1% YoY) (14.0% margin). Cost of goods sold was $2.5B, operating expenses totaled $342.0M.
Key Financial Metrics
| Total Revenue | $3.1B |
|---|---|
| Net Profit | $432.0M |
| Gross Margin | 20.1% |
| Operating Margin | 9.0% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
AES Corporation Q1 FY2024 revenue of $3.1B breaks down across 5 segments, led by Utilities at $873.0M (28.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Utilities | $873.0M | 28.3% |
| Electric Distribution | $853.0M | 27.6% |
| Regulated Revenue | $847.0M | 27.5% |
| Minority Owned Affiliates | $517.0M | 16.8% |
| Other Income | $5.0M | 0.2% |
AES Corporation Revenue by Segment — Quarterly Trend
AES Corporation revenue by segment across the last 4 reported quarters, showing how each business line (such as Utilities and Electric Distribution) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Utilities | — | — | — | $1.0B |
| Electric Distribution | $1.0B | — | — | — |
| Regulated Revenue | $1.0B | — | — | $976.0M |
AES Corporation Annual Revenue by Year
AES Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $12.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $12.2B |
| 2024 | $12.3B |
| 2023 | $12.7B |
| 2022 | $12.6B |
AES Corporation Quarterly Revenue & Net Profit History
AES Corporation results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $3.1B | +4.7% | $320.0M | 10.3% |
| Q3 FY2025 | $3.4B | +1.9% | $639.0M | 19.1% |
| Q2 FY2025 | $2.9B | -3.0% | $-95.0M | -3.3% |
| Q1 FY2025 | $2.9B | -5.2% | $46.0M | 1.6% |
| Q4 FY2024 | $3.0B | -0.2% | $560.0M | 18.9% |
| Q3 FY2024 | $3.3B | -4.2% | $502.0M | 15.3% |
| Q2 FY2024 | $2.9B | -2.8% | $185.0M | 6.3% |
| Q1 FY2024 | $3.1B | -4.8% | $432.0M | 14.0% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.08B | $2.94B | $3.29B | $2.96B | $2.93B | $2.85B | $3.35B | $3.10B |
| YoY Growth | -4.8% | -2.8% | -4.2% | -0.2% | -5.2% | -3.0% | 1.9% | 4.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $47.05B | $47.74B | $50.08B | $47.41B | $48.62B | $48.54B | $50.78B | $51.77B |
| Liabilities | $44.15B | $44.65B | $46.79B | $43.76B | $45.15B | $45.17B | $46.92B | $47.70B |
| Equity | $2.90B | $3.09B | $3.29B | $3.64B | $3.47B | $3.37B | $3.87B | $4.06B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $287.0M | $392.0M | $985.0M | $1.09B | $545.0M | $976.0M | $1.30B | $1.49B |