The AES Corporation

Utilities · Utilities - Diversified

14.80$ -0.1% vs. previous close Closing price · As of: Sep 18, 2026

Statements

Income Statement

The AES Corporation (AES) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 12,233 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement AES
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	835	1,411	2,398	3,253	6,206	6,299	7,380	9,392	9,392	10,247	12,299	13,588	16,070	13,931	16,568	17,344	18,133	15,883	17,111	14,112	10,170	10,505	10,742	10,190	9,661	11,142	12,618	12,676	12,278	12,233
Cost of Revenue	437	867	1,391	1,971	4,409	7,025	5,650	-2.0	6,601	7,377	7,233	10,179	12,363	10,586	12,676	13,121	14,420	12,644	13,144	8,597	7,898	8,043	8,162	7,840	6,967	8,430	10,069	10,164	9,964	10,022
Gross Profit	398	544	1,007	1,282	1,797	-726	7,380	2,791	2,791	2,870	12,299	3,409	3,707	3,345	3,892	4,223	3,713	3,243	3,066	2,801	2,326	2,451	2,582	2,362	2,694	2,713	2,548	2,515	2,316	2,211
Research & Development	–	–	–	–	–	–	–	–	–	–	–	–	–	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–	–
Selling, General & Administrative	35	45	56	71	85	120	112	157	182	221	305	305	371	345	391	346	274	220	187	196	194	215	192	196	165	166	207	255	288	241
Total Operating Expenses	398	544	1,007	357	182	-726	7,380	181	181	221	9,203	379	371	345	392	391	301	220	187	196	194	215	192	196	165	166	207	255	288	241
Operating Income	835	361	754	925	1,615	1,749	1,197	2,610	2,610	2,649	3,096	3,030	3,336	3,000	3,500	3,832	3,412	3,023	2,879	2,605	2,132	2,236	2,390	2,166	2,529	2,547	2,341	2,260	2,028	1,970
Interest Expense	0.0	0.0	0.0	0.0	1,299	367	0.0	1,920	1,920	1,828	1,802	1,788	1,844	1,386	1,410	1,464	1,420	1,344	1,328	1,232	1,027	1,091	1,007	1,024	978	826	1,059	1,302	1,517	1,415
Pre-Tax Income	185	244	452	356	1,174	716	-1,353	859	859	1,157	689	1,614	2,784	2,435	1,227	2,177	348	1,073	1,595	1,259	223	842	2,057	829	365	-1,088	-240	72	868	20
Income Tax Expense	60	56	145	111	368	310	293	211	380	473	403	679	771	599	593	656	685	343	371	412	32	990	708	352	216	-133	265	261	59	-181
Net Income	125	185	311	228	795	273	-3,559	209	209	553	261	566	1,228	808	-55	-28	-928	266	825	306	-11	-550	1,004	302	43	-413	-546	242	1,686	949
EBITDA	900	475	950	1,203	2,582	2,608	2,034	3,556	3,556	3,849	4,467	4,344	5,596	4,778	3,632	4,905	3,128	3,686	4,149	3,530	2,390	3,031	4,028	3,070	2,534	818	1,943	2,534	3,675	2,939

Data as of: September 18, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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