The AES Corporation (AES) Earnings History
Elite Compounder32 years of earnings data (1994–2025) · 5-year EPS CAGR exceeds 18% — top-tier earnings quality
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The AES Corporation (AES) Earnings Overview
As of June 21, 2026, The AES Corporation (AES) reported trailing twelve-month net income of $1.34B, reflecting -46.6% year-over-year growth. The company earned $1.87 per diluted share over the past four quarters, with a net profit margin of 7.8%.
Looking at the long-term picture, AES's 5-year EPS compound annual growth rate (CAGR) stands at +78.3%, indicating exceptional earnings growth. The company achieved its highest annual net income of $1.69B in fiscal 2024.
The AES Corporation maintains positive profitability with a gross margin of 18.1%, operating margin of 16.1%, and net margin of 7.8%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including NRG ($239M net income, 2.8% margin), VST ($2.24B net income, 5.6% margin), GEN ($973M net income, 19.5% margin), AES has outperformed on profitability metrics. Compare AES vs NRG →
AES Earnings vs Peers
Earnings metrics vs comparable public companies
AES Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $949M | -43.7% | $1.97B | $1.26 | 7.8% | 16.1% |
| 2024 | $1.69B | +596.7% | $2.03B | $2.36 | 13.7% | 16.5% |
| 2023 | $242M | +144.3% | $2.26B | $0.35 | 1.9% | 17.8% |
| 2022 | -$546M | -32.2% | $2.34B | $-0.82 | -4.3% | 18.6% |
| 2021 | -$413M | -1060.5% | $2.55B | $-0.61 | -3.7% | 22.9% |
| 2020 | $43M | -85.8% | $2.53B | $0.07 | 0.4% | 26.2% |
| 2019 | $302M | -69.9% | $2.17B | $0.45 | 3.0% | 21.3% |
| 2018 | $1.00B | +282.5% | $2.39B | $1.81 | 9.3% | 22.2% |
| 2017 | -$550M | -4900.0% | $2.24B | $-1.76 | -5.2% | 21.3% |
| 2016 | -$11M | -103.6% | $2.13B | $-1.72 | -0.1% | 21.0% |
| 2015 | $306M | -62.9% | $2.60B | $0.44 | 2.2% | 18.5% |
| 2014 | $825M | +210.2% | $2.88B | $1.06 | 4.8% | 16.8% |
| 2013 | $266M | +128.7% | $3.02B | $0.15 | 1.7% | 19.0% |
| 2012 | -$928M | -3214.3% | $3.41B | $-1.21 | -5.1% | 18.8% |
| 2011 | -$28M | +49.1% | $3.83B | $0.07 | -0.2% | 22.1% |
| 2010 | -$55M | -106.8% | $3.50B | $0.01 | -0.3% | 21.1% |
| 2009 | $808M | -34.2% | $3.00B | $0.98 | 5.8% | 21.5% |
| 2008 | $1.23B | +117.0% | $3.34B | $1.82 | 7.6% | 20.8% |
| 2007 | $566M | +100.0% | $3.03B | $-0.14 | 4.2% | 22.3% |
| 2006 | $283M | -48.8% | $3.14B | $0.37 | 2.4% | 27.2% |
| 2005 | $553M | +164.6% | $2.65B | $0.83 | 5.4% | 25.9% |
| 2004 | $209M | +0.0% | $2.61B | $0.46 | 2.2% | 27.8% |
| 2003 | $209M | +105.9% | $2.61B | $-0.78 | 2.2% | 27.8% |
| 2002 | -$3.56B | -1403.7% | $1.20B | $-7.50 | -48.2% | 16.2% |
| 2001 | $273M | -65.7% | $1.75B | $0.36 | 4.3% | 27.8% |
| 2000 | $795M | +248.7% | $1.61B | $1.69 | 12.8% | 26.0% |
| 1999 | $228M | -26.7% | $925M | $0.58 | 7.0% | 28.4% |
| 1998 | $311M | +68.1% | $754M | $0.85 | 13.0% | 31.4% |
| 1997 | $185M | +48.0% | $361M | $0.55 | 13.1% | 25.6% |
| 1996 | $125M | +16.8% | $835M | $0.40 | 15.0% | 100.0% |
| 1995 | $107M | +7.0% | $253M | $0.71 | 15.8% | 37.3% |
| 1994 | $100M | - | $232M | $0.66 | 18.8% | 43.5% |
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AES — Frequently Asked Questions
Quick answers to the most common questions about buying AES stock.
What is AES earnings per share (EPS)?
AES trailing twelve-month (TTM) diluted EPS is $1.87, reflecting -46.6% year-over-year growth. The 5-year EPS CAGR is +78.3%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is The AES Corporation's net income?
The AES Corporation (AES) trailing twelve-month net income is $1.3B as of 2025. Earnings declined -46.6% year-over-year. The AES Corporation has been profitable for 3 consecutive years.
Is AES profitable?
Yes, AES is profitable with a TTM net income of $1.3B and a net profit margin of +7.8%. The AES Corporation has generated profits for 3 consecutive years.
What is AES's earnings growth rate?
AES compound annual EPS growth rates (CAGR): 1-Year: -46.6%, 3-Year: N/A, 5-Year: +78.3%, 10-Year: +11.1%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are AES's profit margins?
The AES Corporation net profit margin is +7.8%, operating margin is +16.1%, and gross margin is +18.1%. Margins are within a typical range for the sector. Return on Equity is +9.7%.
Is AES growing earnings?
AES earnings are declining — EPS fell -46.6% year-over-year. TTM net income dropped to $1.3B. This contrasts with the 5-year CAGR of +78.3%.
What was AES's best earnings year?
The AES Corporation's highest annual net income on record is $1.7B, achieved in fiscal year 2024. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were AES's earnings last quarter?
AES's most recent reported quarter was Q1 2026. Net income was $487M with diluted EPS of $0.68. For a full breakdown of all quarters, see the quarterly earnings table on this page.