AESAES Corporation

$14.88+10% 1Y

The financials

AES Corporation by the numbers

AES Corporation (AES) reported revenue of $3.87B in Q3 2026 (quarter ended Sep 30, 2026), up 16% from the same quarter a year earlier. That came with a gross margin of 25% and net income of $553M (14% of revenue). For the full year FY2025, revenue was $12.2B (−0.4% year on year) and net income $910M. Its largest segment in Q2 2026 (quarter ended Jun 30, 2026) was Energy Infrastructure at $1.50B, 43% of the disclosed total, ahead of Utilities at 29%.

AES Corporation income statement, Q3 2026 against the same quarter a year earlier
Income statementQ3 2026Q3 2025Change
Revenue$3.87B$3.35B+16%
Gross profit$982M$735M+34%
Net income$553M$639M−13%
Diluted EPS$0.76$0.89−15%
Revenue by segment, Q2 2026 (quarter ended Jun 30, 2026), as reported to the SEC · segment disclosure runs one filing behind the income statement
OperatingRevenueShare
Energy Infrastructure$1.50B43%
Utilities$1.02B29%
Renewables$939M27%
Corporate Other And Other$39M1.1%

Over its last three fiscal years AES Corporation booked income tax of 13.0% of its pretax profit, -0.9% once deferred tax is taken out, below the 21.3% median for US companies in our tax study.

Business segments

Revenue split by operating segment, from SEC XBRL filings.

Latest period: Q2 2026Total $3.46B (+7.9%)
Renewables grew +46% year on yearCorporate Other And Other -9.3% year on year
What Q2 2026 was made of
Energy Infrastructure43%Utilities29%Renewables27%Corporate Other And Other1%
  • Energy Infrastructure$1.50Bvs last quarter +19%vs a year ago +15%
  • Utilities$1.02Bvs last quarter -10%vs a year ago +6.7%
  • Renewables$939.0Mvs last quarter +15%vs a year ago +46%
  • Corporate Other And Other$39.0Mvs last quarter +34%vs a year ago -9.3%
  • New Energy Technologies$0.00vs last quarter n/avs a year ago n/a
  • Corporate Other And Other Eliminations−$31.0Mvs last quarter n/avs a year ago n/a
Segment sum = 101% of reported consolidated revenue · Latest source: 10-Q filed Aug 4, 2026, SEC EDGAR
AES (AES) Revenue, Earnings and Segments · Ryufin