The AES Corporation (AES) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 3.18B | 3.1B | 3.35B | 2.85B | 2.93B | 2.96B | 3.29B | 2.94B | 3.08B | 2.97B | 3.43B | 3.04B | 3.24B | 3.06B | 3.63B | 3.08B | 2.85B | 2.77B | 3.04B | 2.7B |
| Revenue Growth % | 8.68% | 4.69% | 1.89% | -2.96% | -5.15% | -0.2% | -4.22% | -3.06% | -4.75% | -3.01% | -5.32% | -1.4% | 13.53% | 10.47% | 19.43% | 14% | 8.27% | 8.2% | 19.33% | 21.73% |
| Cost of Revenue | 2.54B | 2.52B | 2.62B | 2.4B | 2.48B | 2.54B | 2.57B | 2.39B | 2.47B | 2.47B | 2.52B | 2.53B | 2.65B | 2.5B | 2.73B | 2.52B | 2.32B | 2.21B | 2.28B | 1.97B |
| Gross Profit | 640M | 582M | 735M | 454M | 440M | 420M | 721M | 553M | 620M | 495M | 917M | 506M | 595M | 555M | 897M | 564M | 532M | 558M | 759M | 731M |
| Gross Margin % | 20.13% | 18.77% | 21.93% | 15.9% | 15.04% | 14.18% | 21.92% | 18.8% | 20.1% | 16.68% | 26.7% | 16.67% | 18.37% | 18.14% | 24.73% | 18.32% | 18.65% | 20.14% | 24.99% | 27.07% |
| Gross Profit Growth % | 45.45% | 38.57% | 1.94% | -17.9% | -29.03% | -15.15% | -21.37% | 9.29% | 4.2% | -10.81% | 2.23% | -10.28% | 11.84% | -0.54% | 18.18% | -22.85% | -20% | -38.41% | 0.26% | 39.77% |
| Operating Expenses | 55M | 69M | 181M | 49M | 77M | 90M | 57M | 66M | 75M | 64M | 64M | 72M | 55M | 58M | 51M | 46M | 52M | 36M | 39M | 45M |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBITDA | 1.02B | 914M | 919M | 759M | 700M | 668M | 970M | 802M | 857M | 723M | 1.14B | 711M | 813M | 750M | 1.11B | 782M | 750M | 783M | 977M | 949M |
| EBITDA Margin % | 32.01% | 29.47% | 27.42% | 26.58% | 23.92% | 22.55% | 29.49% | 27.26% | 27.78% | 24.36% | 33.17% | 23.43% | 25.1% | 24.51% | 30.66% | 25.41% | 26.29% | 28.27% | 32.17% | 35.15% |
| EBITDA Growth % | 45.43% | 36.83% | -5.26% | -5.36% | -18.32% | -7.61% | -14.84% | 12.8% | 5.41% | -3.6% | 2.43% | -9.08% | 8.4% | -4.21% | 13.82% | -17.6% | -16.11% | -30.4% | -0.31% | 25.86% |
| Depreciation & Amortization | 433M | 401M | 365M | 354M | 337M | 338M | 306M | 315M | 312M | 292M | 286M | 277M | 273M | 253M | 266M | 264M | 270M | 261M | 257M | 263M |
| D&A / Revenue % | 13.62% | 12.93% | 10.89% | 12.4% | 11.52% | 11.41% | 9.3% | 10.71% | 10.11% | 9.84% | 8.33% | 9.13% | 8.43% | 8.27% | 7.33% | 8.58% | 9.46% | 9.42% | 8.46% | 9.74% |
| Operating Income (EBIT) | 585M | 513M | 554M | 405M | 363M | 330M | 664M | 487M | 545M | 431M | 853M | 434M | 540M | 497M | 846M | 518M | 480M | 522M | 720M | 686M |
| Operating Margin % | 18.4% | 16.54% | 16.53% | 14.19% | 12.41% | 11.14% | 20.19% | 16.55% | 17.67% | 14.52% | 24.84% | 14.3% | 16.67% | 16.24% | 23.33% | 16.83% | 16.82% | 18.84% | 23.71% | 25.41% |
| Operating Income Growth % | 61.16% | 55.45% | -16.57% | -16.84% | -33.39% | -23.43% | -22.16% | 12.21% | 0.93% | -13.28% | 0.83% | -16.22% | 12.5% | -4.79% | 17.5% | -24.49% | -22.46% | -39.3% | 0.56% | 42.03% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.69x | 0.26x | 3.24x | 1.11x | 0.93x | 1.73x | 1.88x | 1.32x | 1.78x | -0.66x | 2.26x | 1.01x | 1.80x | -1.93x | 3.31x | 0.41x | 2.12x | -5.98x | 3.80x | 0.42x |
| Interest / Revenue % | 0.03% | 0.03% | 0.03% | 0.04% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.03% | 0.04% | 0.04% | 0.03% | 0.04% |
| Non-Operating Income | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Pretax Income | 234M | -269M | 780M | 17M | -56M | 256M | 320M | 118M | 262M | -568M | 400M | -21M | 261M | -907M | 591M | -155M | 231M | -1.54B | 611M | -140M |
| Pretax Margin % | 7.36% | -8.67% | 23.28% | 0.6% | -1.91% | 8.64% | 9.73% | 4.01% | 8.49% | -19.14% | 11.65% | -0.69% | 8.06% | -29.64% | 16.29% | -5.04% | 8.1% | -55.52% | 20.12% | -5.19% |
| Income Tax | -41M | -139M | 226M | 167M | 17M | 7M | 103M | -35M | -16M | 82M | 109M | -2M | 72M | 79M | 145M | -19M | 60M | -208M | 126M | -59M |
| Effective Tax Rate % | -17.52% | 51.67% | 28.97% | 982.35% | -30.36% | 2.73% | 32.19% | -29.66% | -6.11% | -14.44% | 27.25% | 9.52% | 27.59% | -8.71% | 24.53% | 12.26% | 25.97% | 13.52% | 20.62% | 42.14% |
| Net Income | 487M | 322M | 634M | -105M | 46M | 560M | 509M | 282M | 432M | -101M | 231M | -39M | 151M | -903M | 421M | -179M | 115M | -632M | 343M | 24M |
| Net Margin % | 15.31% | 10.38% | 18.92% | -3.68% | 1.57% | 18.91% | 15.48% | 9.59% | 14% | -3.4% | 6.73% | -1.29% | 4.66% | -29.51% | 11.61% | -5.82% | 4.03% | -22.82% | 11.29% | 0.89% |
| Net Income Growth % | 958.7% | -42.5% | 24.56% | -137.23% | -89.35% | 654.46% | 120.35% | 823.08% | 186.09% | 88.82% | -45.13% | 78.21% | 31.3% | -42.88% | 22.74% | -845.83% | 177.7% | -298.74% | 203% | 127.91% |
| EPS (Diluted) | 0.68 | 0.46 | 0.89 | -0.15 | 0.07 | 0.79 | 0.71 | 0.40 | 0.60 | -0.15 | 0.32 | -0.06 | 0.21 | -1.35 | 0.59 | -0.27 | 0.16 | -0.95 | 0.48 | 0.04 |
| EPS Growth % | 871.43% | -41.77% | 25.35% | -137.5% | -88.33% | 626.67% | 121.88% | 766.67% | 185.71% | 88.89% | -45.76% | 77.78% | 31.25% | -42.11% | 22.92% | -775% | 172.73% | -302.13% | 196% | 133.33% |
| EPS (Basic) | 0.68 | 0.46 | 0.89 | -0.15 | 0.07 | 0.79 | 0.71 | 0.40 | 0.62 | -0.15 | 0.34 | -0.06 | 0.22 | -1.35 | 0.63 | -0.27 | 0.17 | -0.95 | 0.52 | 0.04 |
| Diluted Shares Outstanding | 715M | 714M | 714M | 712M | 713M | 713M | 713M | 713M | 712M | 670M | 712M | 669M | 712M | 668.89M | 711M | 668M | 711M | 667M | 711M | 671M |