Aes revenue and financials
$14.91Change from previous close: +0.08%Absolute change: +$0.01
In the fiscal year ended December 2025, Aes reported revenue of $12.23B (−0.37% year over year). Net income was $910M, a net margin of 7.4%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −0.37%
- 2025 vs 2024
- Net income growth
- −45.80%
- 2025 vs 2024
- Net margin
- 7.4%
- 2024: 13.7%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,046 | 1,201 | 1,488 | 1,297 | 976 | 545 | 1,088 | 985 | 392 | 287 | 1,122 | 562 |
| Depreciation and amortization | 434 | 433 | 401 | 365 | 354 | — | — | — | — | — | — | — |
| Capital expenditure | -1,643 | -1,766 | -1,535 | -1,808 | -1,332 | -1,254 | -1,727 | -1,832 | -1,685 | -2,148 | -1,899 | -1,845 |
| Investing cash flow | -1,464 | -1,799 | -1,592 | -1,736 | -1,600 | -1,282 | -1,611 | -1,865 | -1,838 | -2,386 | -1,923 | -2,126 |
| Financing cash flow | 485 | 756 | -278 | 791 | 145 | 1,317 | -224 | 1,428 | 1,153 | 2,606 | 1,211 | 1,513 |
| Dividends paid | -126 | -125 | -125 | -126 | -125 | -125 | -122 | -123 | -122 | -116 | -111 | -111 |
| Debt issued | 3,347 | 2,703 | 2,059 | 3,224 | 1,792 | 3,535 | 3,080 | 2,971 | 4,850 | 4,591 | 1,832 | 2,940 |
| Debt repaid | -2,375 | -1,706 | -2,673 | -2,710 | -2,678 | -1,984 | -3,341 | -2,054 | -3,356 | -1,952 | -917 | -1,360 |
| Effect of exchange rates | -3.0 | -1.0 | -5.0 | -17.0 | -4.0 | -1.0 | -16.0 | -4.0 | -28.0 | -15.0 | -71.0 | -19.0 |
| Net change in cash | 64.0 | 157 | -387 | 348 | -365 | 527 | -520 | 411 | -407 | 565 | 325 | -67.0 |
| Free cash flow | -597 | -565 | -47.0 | -511 | -356 | -709 | -639 | -847 | -1,293 | -1,861 | -777 | -1,283 |
| Levered free cash flow | -1,210 | -1,054 | -164 | -662 | -1,088 | -1,175 | -768 | -1,640 | -2,149 | -2,152 | -752 | -1,143 |