# AES Corp: overview

AES · NYSE · CIK 874761 · [Utilities](/sectors/utilities.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/aes.md) · [Financials](/companies/aes/financials.md) · [Filings](/companies/aes/filings.md) · [Insiders](/companies/aes/insiders.md)

Latest reported revenue: [$3.42bn](/filings/0000874761-26-000144.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:Revenues, accession 0000874761-26-000144).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | period not labelled (2025-03-31) | Q2 FY2025 (2025-06-30) | Q1 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,289](/filings/0000874761-25-000084.md) | [2,962 d](/filings/0000874761-26-000063.md) | [2,926](/filings/0000874761-26-000120.md) | [2,855](/filings/0000874761-26-000144.md) | [3,351](/filings/0000874761-25-000084.md) | [3,101 d](/filings/0000874761-26-000063.md) | [3,180](/filings/0000874761-26-000120.md) | [3,422](/filings/0000874761-26-000144.md) |
| Gross margin | % | [22.0%](/filings/0000874761-25-000084.md) | [14.2% d](/filings/0000874761-26-000063.md) | [15.1%](/filings/0000874761-26-000120.md) | [15.9%](/filings/0000874761-26-000144.md) | [21.9%](/filings/0000874761-25-000084.md) | [18.8% d](/filings/0000874761-26-000063.md) | [20.1%](/filings/0000874761-26-000120.md) | [20.2%](/filings/0000874761-26-000144.md) |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [15.3%](/filings/0000874761-25-000084.md) | [15.8% d](/filings/0000874761-26-000063.md) | [1.6%](/filings/0000874761-26-000144.md) | [(3.3%)](/filings/0000874761-26-000144.md) | [19.1%](/filings/0000874761-25-000084.md) | [10.3% d](/filings/0000874761-26-000063.md) | [15.3%](/filings/0000874761-26-000144.md) | [12.4%](/filings/0000874761-26-000144.md) |
| Diluted EPS | $ per share | [0.71](/filings/0000874761-25-000084.md) | not reported | [0.07](/filings/0000874761-26-000120.md) | [(0.15)](/filings/0000874761-26-000144.md) | [0.89](/filings/0000874761-25-000084.md) | not reported | [0.68](/filings/0000874761-26-000120.md) | [0.60](/filings/0000874761-26-000144.md) |
| Free cash flow | $m | [(847) d](/filings/0000874761-25-000084.md) | [(639) d](/filings/0000874761-26-000063.md) | [(709)](/filings/0000874761-26-000120.md) | [(356) d](/filings/0000874761-26-000144.md) | [(511) d](/filings/0000874761-25-000084.md) | [(47.0) d](/filings/0000874761-26-000063.md) | [(565)](/filings/0000874761-26-000120.md) | [(597) d](/filings/0000874761-26-000144.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $bn | [11.1](/filings/0000874761-24-000011.md) | [12.6](/filings/0000874761-25-000013.md) | [12.7](/filings/0000874761-26-000063.md) | [12.3](/filings/0000874761-26-000063.md) | [12.2](/filings/0000874761-26-000063.md) |
| Gross margin | % | [24.3%](/filings/0000874761-24-000011.md) | [20.2%](/filings/0000874761-25-000013.md) | [19.8%](/filings/0000874761-26-000063.md) | [18.8%](/filings/0000874761-26-000063.md) | [18.1%](/filings/0000874761-26-000063.md) |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(3.7%)](/filings/0000874761-24-000011.md) | [(4.3%)](/filings/0000874761-25-000013.md) | [2.0%](/filings/0000874761-26-000063.md) | [13.7%](/filings/0000874761-26-000063.md) | [7.4%](/filings/0000874761-26-000063.md) |
| Diluted EPS | $ per share | [(0.61)](/filings/0000874761-24-000011.md) | [(0.82)](/filings/0000874761-25-000013.md) | [0.35](/filings/0000874761-26-000063.md) | [2.36](/filings/0000874761-26-000063.md) | [1.26](/filings/0000874761-26-000063.md) |
| Free cash flow | $bn | [(0.2)](/filings/0000874761-24-000011.md) | [(1.8)](/filings/0000874761-25-000013.md) | [(4.7)](/filings/0000874761-26-000063.md) | [(4.6)](/filings/0000874761-26-000063.md) | [(1.6)](/filings/0000874761-26-000063.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/aes/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $722.4m | 49,278,892 |  | Added +2,112,376 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $681.8m | 46,504,987 |  | Added +222,664 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $628.8m | 42,891,937 |  | Reduced −89,402 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $518.6m | 35,374,898 |  | Reduced −134,874 |
| [Balyasny Asset Management L.P.](/funds/1218710.md) | 2026-06-30 | $507.7m | 34,633,491 |  | Added +23,450,130 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $367.8m | 25,120,280 |  | Added +610,680 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $312.3m | 21,304,566 |  | Added +11,378,836 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $307.8m | 20,996,464 |  | Reduced −3,297,565 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $271.9m | 18,548,188 |  | Added +285,458 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $214.7m | 14,647,897 |  | Added +1,772,582 |

## Recent filings

[All 1,280 filings](/companies/aes/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-19 | 20:51 ET | [8-K](/filings/0001140361-26-040117.md) | 8.01 Other events | 0001140361-26-040117 |
| 2026-09-17 | 20:37 ET | [8-K](/filings/0001140361-26-036994.md) | 8.01 Other events | 0001140361-26-036994 |
| 2026-09-16 | 20:19 ET | [8-K](/filings/0000874761-26-000153.md) | 5.02 Departure or appointment of officers or directors | 0000874761-26-000153 |
| 2026-08-27 | 20:28 ET | [8-K](/filings/0001140361-26-034714.md) | 8.01 Other events | 0001140361-26-034714 |
| 2026-08-05 | 20:09 ET | [8-K](/filings/0000950103-26-011951.md) | 1.01 Entry into a material agreement; 9.01 Financial statements and exhibits | 0000950103-26-011951 |
| 2026-08-04 | 20:30 ET | [10-Q](/filings/0000874761-26-000144.md) | Quarterly report, period 2026-06-30 | 0000874761-26-000144 |
| 2026-07-27 | 20:31 ET | [8-K](/filings/0000874761-26-000138.md) | 4.01 Change of auditor; 9.01 Financial statements and exhibits | 0000874761-26-000138 |
| 2026-06-26 | 20:12 ET | [8-K](/filings/0001140361-26-026562.md) | 5.07 Shareholder vote results; 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001140361-26-026562 |
| 2026-06-16 | 20:37 ET | [8-K](/filings/0001193125-26-272726.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-272726 |
| 2026-06-12 | 21:18 ET | [8-K](/filings/0001140361-26-025084.md) | 8.01 Other events | 0001140361-26-025084 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000874761-26-000063.md), filed Mar 2, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/dbf91af9-36b3-41b3-bbc7-327d9b23ae1b)

## About the filer

- CIK: 874761
- Tickers: AES
- Exchange: NYSE
- SIC code: 4991 Cogeneration Services & Small Power Producers
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:26 ET. No prices; not investment advice.