Alcoa Corp (AA)
Alcoa Corp brought in $13.6B of revenue over the twelve months to June 30, 2026, up 6.5% from a year earlier. Net income was $1.3B, a net margin of 9.4%. Operating cash flow minus capital spending left $567M of free cash flow in fiscal 2025. At June 30, 2026 it held $1.4B in cash against $2.2B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 30, 2026.
Key facts about Alcoa Corp
- Net worth
- Alcoa Corp has a market value (market cap) of $11.1B at the latest share price, and shareholders' equity of $7.4B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $12.8B (+7.9% year on year), with net income of $1.2B. Over the 12 months to June 30, 2026: revenue $13.6B, net income $1.3B.
- Cash flow
- In fiscal 2025 operations brought in $1.2B of cash; after $618M of capital spending, free cash flow was $567M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 30, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Alcoa Corp's next report is expected around October 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Alcoa Corp paid dividends of $0.10 per share in fiscal 2025, a yield of 0.24% at the current price.
What Alcoa Corp does
Alcoa Corp produces bauxite, alumina, and primary aluminum products. The company operates bauxite mines, alumina refineries, and aluminum smelting facilities, selling raw and semi-finished metal products to industrial manufacturers in the transportation, packaging, building, and construction sectors. Its shares trade on NYSE under the ticker AA.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $12.8B | $1.2B | $4.37 | $567M |
| 2024 | $11.9B | $60M | $0.26 | $42M |
| 2023 | $10.6B | -$651M | -$3.65 | -$440M |
| 2022 | $12.5B | -$123M | -$0.68 | $342M |
| 2021 | $12.2B | $429M | $2.26 | $530M |
| 2020 | $9.3B | -$170M | -$0.91 | $41M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AA ranks in Industrials
Dividends
Alcoa Corp paid $0.10 per share in fiscal 2025. At the current price that is a yield of 0.24%. It paid out $104M in cash dividends, 9% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.10 | $104M | 9% |
| 2024 | $0.10 | $89M | 148% |
| 2023 | $0.10 | $72M | n/a |
| 2022 | $0.10 | $72M | n/a |
| 2021 | $0.10 | $19M | 4% |
Latest SEC filings
What Alcoa Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 23, 2026Form 425 filing 425
- September 23, 2026Material agreement8-KAlcoa closed a $2,600,000,000 senior notes offering to fund its proposed acquisition of South32 assets.
- September 22, 2026
- September 11, 2026Form 425 filing 425
- September 11, 2026Form 425 filing 425
- September 11, 2026Other event 8-K
- September 10, 2026Form 425 filing 425
- September 10, 2026Other event 8-K
- September 9, 2026Form 425 filing 425
- September 9, 2026
What is AA worth? A DCF from its reported cash flow
Insider trades
What the people running Alcoa Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $1.3M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 15, 2026 | Hastings AndrewEVP & Gen. Counsel | Shares withheld for tax | 2,525 | $117.5K |
| September 15, 2026 | Hastings AndrewEVP & Gen. Counsel | Received as pay | 2,638 | - |
| September 15, 2026 | Hastings AndrewEVP & Gen. Counsel | Shares withheld for tax | 1,200 | $55.8K |
| August 31, 2026 | Bacchi RenatoEVP & Chief Commercial Officer | Sold | 700 | $35.7K |
| August 27, 2026 | Jones Tammi AEVP & CHRO | Sold | 15,628 | $790.7K |
| August 17, 2026 | Hastings AndrewEVP & Gen. Counsel | Sold | 6,000 | $305.4K |
| July 22, 2026 | Reed Matthew TEVP, Chief Operations Officer | Sold | 4,600 | $215.4K |
| May 8, 2026 | Bevan John ADirector | Received as pay | 2,532 | - |
Who owns AA
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Fmr LLC13G, passive with 1 related filers | 6.4% | August 6, 2026 |
| Vanguard Capital Management13G, passive | 5.5% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 709 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 29,315,742 | +923,109 |
| Fmr LLC | 16,996,106 | +4,143,328 |
| Vanguard Portfolio Management LLC | 12,995,948 | +351,013 |
| Vanguard Capital Management LLC | 11,926,055 | +149,405 |
| Eagle Capital Management LLC | 11,879,807 | -2,217,555 |
| State Street Corp | 10,875,945 | -5,592 |
| Dimensional Fund Advisors LP | 5,845,931 | -2,779,366 |
| Geode Capital Management, LLC | 5,829,945 | -112,856 |
| Aqr Capital Management LLC | 4,086,691 | -1,084,958 |
| Morgan Stanley | 3,588,651 | -507,159 |
| D. E. Shaw & Co., Inc. | 3,585,857 | -25,303 |
| Bank of New York Mellon Corp | 3,187,461 | +47,294 |
| Qube Research & Technologies Ltd | 2,765,352 | +1,375,948 |
| Northern Trust Corp | 2,525,533 | +305,866 |
| Millennium Management LLC | 2,333,811 | +2,049,217 |
| Invesco Ltd. | 2,147,869 | -1,480,896 |
| Jpmorgan Chase & Co | 2,018,371 | -997,784 |
| Charles Schwab Investment Management Inc | 2,081,181 | -23,467 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 2,071,392 | +161,969 |
| Norges Bank | 1,983,072 | new |
Insiders
18 insiders reported holding 1,000,423 shares in total, about $42.2M at the last price.
| Holder | Shares |
|---|---|
| Oplinger William FPresident, CEO & Director, Director | 333,877 |
| Beerman Molly S.EVP & CFO | 119,461 |
| Bacchi RenatoEVP & Chief Commercial Officer | 74,930 |
| Reed Matthew TEVP, Chief Operations Officer | 71,770 |
| Citrino Mary AnneDirector | 56,665 |
| Hughes James AltonDirector | 53,630 |
| Roberts Carol LDirector | 53,630 |
| Jones Tammi AEVP & CHRO | 51,78411,965 held indirectly |
| Fiore PasqualeDirector | 40,761 |
| Hastings AndrewEVP & Gen. Counsel | 36,445 |
Questions about AA
What does Alcoa Corp do?
Alcoa Corp produces bauxite, alumina, and primary aluminum products. The company operates bauxite mines, alumina refineries, and aluminum smelting facilities, selling raw and semi-finished metal products to industrial manufacturers in the transportation, packaging, building, and construction sectors. Its shares trade on NYSE under the ticker AA.
What is Alcoa Corp's net worth?
Alcoa Corp has a market value (market cap) of $11.1B at the latest share price, and shareholders' equity of $7.4B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Alcoa Corp profitable?
Yes. Over the twelve months to June 30, 2026 it reported net income of $1.3B on revenue of $13.6B, a net margin of 9.4%.
How much revenue does Alcoa Corp make?
Over the twelve months to June 30, 2026 Alcoa Corp reported revenue of $13.6B. That is 6.5% more than a year earlier.
When did Alcoa Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 30, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the form 425 filing from September 23, 2026.
When is Alcoa Corp's next earnings report?
Alcoa Corp's next report is expected around October 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Alcoa Corp pay a dividend?
Yes. Alcoa Corp paid dividends of $0.10 per share in fiscal 2025, a yield of 0.24% at the current price.
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Where the numbers come from
Financial figures are the values Alcoa Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.