Stocks Industrials AES
NYSE · IndustrialsAes Corp (AES)
Aes Corp brought in $13.6B of revenue over the twelve months to September 30, 2026, up 12.2% from a year earlier. Net income was $1.8B, a net margin of 13.2%. In fiscal 2025 capital spending exceeded operating cash flow by $1.6B. At September 30, 2026 it held $2B in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 3, 2026.
Key facts about Aes Corp
- Net worth
- Aes Corp has a market value (market cap) of $10.6B at the latest share price, and shareholders' equity of $5.7B on its balance sheet at September 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 $12.2B (-0.4% year on year), with net income of $910M. Over the 12 months to September 30, 2026: revenue $13.6B, net income $1.8B.
- Cash flow
- In fiscal 2025 operations brought in $4.3B of cash; after $5.9B of capital spending, free cash flow was -$1.6B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 3, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Aes Corp's next report is expected around March 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Aes Corp declared dividends of $0.70 per share in fiscal 2025, a yield of 4.72% at the current price.
What Aes Corp does
Aes Corp is registered with the SEC under industry code SIC 4991 (Cogeneration Services & Small Power Producers). Its shares trade on NYSE under the ticker AES.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $12.2B | $910M | $1.26 | -$1.6B |
| 2024 | $12.3B | $1.7B | $2.36 | -$4.6B |
| 2023 | $12.7B | $249M | $0.35 | -$4.7B |
| 2022 | $12.6B | -$546M | -$0.82 | -$1.8B |
| 2021 | $11.1B | -$409M | -$0.61 | -$214M |
| 2020 | $9.7B | $46M | $0.07 | $855M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AES ranks in Industrials
Dividends
Aes Corp declared $0.70 per share in fiscal 2025. At the current price that is a yield of 4.72%. It paid out $501M in cash dividends, 55% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $0.70 | $501M | 55% |
| 2024 | $0.69 | $483M | 29% |
| 2023 | $0.67 | $444M | 178% |
| 2022 | $0.64 | $422M | n/a |
| 2021 | $0.61 | $401M | n/a |
| 2020 | $0.58 | $381M | 828% |
Latest SEC filings
What Aes Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 3, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 16% to $3.9B versus the same quarter last year; diluted EPS $0.76 versus $0.89.
- October 28, 2026Other event 8-K
- October 19, 2026Other event 8-K
- September 17, 2026Other event 8-K
- September 16, 2026Executive or director change8-KBernerd Da Santos departed as Chairman of the AES Clean Energy Board and Senior Strategic Advisor to the President effective September 14, 2026.
- August 27, 2026Other event 8-K
- August 19, 2026
- August 5, 2026
- August 4, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 20% to $3.4B versus the same quarter last year; diluted EPS $0.60 versus -$0.15.
- July 27, 2026Auditor change 8-K
Insider trades
What the people running Aes Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| April 23, 2026 | Rubiolo Juan IgnacioEVP, COO, Pres., Energy Infra. | Received as pay | 48,276 | - |
| April 23, 2026 | Coughlin StephenEVP and CFO | Received as pay | 50,345 | - |
| April 23, 2026 | Freedman Paul LEVP, GC and Corp. Secretary | Received as pay | 44,483 | - |
| April 23, 2026 | Mendoza TishEVP & Chief HR Officer | Received as pay | 46,552 | - |
| February 24, 2026 | Gluski AndresPresident and CEO, Director | Shares withheld for tax | 13,751 | $223.7K |
| February 24, 2026 | Falu Ricardo ManuelEVP, COO, Pres. New Enrgy Tech | Shares withheld for tax | 992 | $16.1K |
| February 24, 2026 | Coughlin StephenEVP and CFO | Shares withheld for tax | 1,669 | $27.2K |
| February 24, 2026 | Da Santos BernerdEVP and President, US & RENs. | Shares withheld for tax | 1,532 | $24.9K |
Who owns AES
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 |
|---|---|---|
| The AES Corporation13G, passive with 1 related filers | 22.48% | May 18, 2026 |
| Vanguard Capital Management13G, passive | 7.35% | 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. 703 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 49,278,892 | +2,112,376 |
| Vanguard Capital Management LLC | 46,504,987 | +222,664 |
| State Street Corp | 42,891,937 | -89,402 |
| Vanguard Portfolio Management LLC | 35,374,898 | -134,874 |
| Balyasny Asset Management L.P. | 34,633,491 | +23,450,130 |
| Geode Capital Management, LLC | 25,120,280 | +610,680 |
| Millennium Management LLC | 21,304,566 | +11,378,836 |
| Morgan Stanley | 20,996,464 | -3,297,565 |
| Invesco Ltd. | 18,548,188 | +285,458 |
| Goldman Sachs Group Inc | 14,647,897 | +1,772,582 |
| Citadel Advisors LLC | 13,701,040 | +11,488,253 |
| AQR Arbitrage LLC | 13,686,323 | +5,454,228 |
| Hbk Investments L P | 11,070,839 | new |
| Qube Research & Technologies Ltd | 10,935,897 | +6,212,433 |
| UBS Group AG | 9,560,511 | -5,389,531 |
| Aqr Capital Management LLC | 8,295,592 | +6,843,506 |
| Northern Trust Corp | 8,053,616 | -471,825 |
| Dimensional Fund Advisors LP | 7,888,298 | +478,977 |
| Charles Schwab Investment Management Inc | 7,745,034 | +76,946 |
| Kryger Capital LLC | 6,840,535 | +4,590,535 |
Insiders
8 insiders reported holding 3,890,184 shares in total, about $58M at the last price.
| Holder | Shares |
|---|---|
| Gluski AndresPresident and CEO, Director | 2,078,523 |
| Da Santos BernerdEVP and President, US & RENs. | 405,117 |
| Mendoza TishEVP & Chief HR Officer | 334,972 |
| Rubiolo Juan IgnacioEVP, COO, Pres., Energy Infra. | 275,911 |
| Coughlin StephenEVP and CFO | 265,494 |
| Falu Ricardo ManuelEVP, COO, Pres. New Enrgy Tech | 235,589 |
| Freedman Paul LEVP, GC and Corp. Secretary | 223,154 |
| Kohan SherrySVP & Chief Accounting Officer | 71,424 |
Questions about AES
What does Aes Corp do?
Aes Corp is a company in the Industrials sector, listed on NYSE as AES. Its shares trade on NYSE under the ticker AES.
What is Aes Corp's net worth?
Aes Corp has a market value (market cap) of $10.6B at the latest share price, and shareholders' equity of $5.7B on its balance sheet at September 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 Aes Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $1.8B on revenue of $13.6B, a net margin of 13.2%.
How much revenue does Aes Corp make?
Over the twelve months to September 30, 2026 Aes Corp reported revenue of $13.6B. That is 12.2% more than a year earlier.
When did Aes Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 3, 2026. It covers the period to September 30, 2026.
When is Aes Corp's next earnings report?
Aes Corp's next report is expected around March 1, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Aes Corp pay a dividend?
Yes. Aes Corp declared dividends of $0.70 per share in fiscal 2025, a yield of 4.72% at the current price.
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Where the numbers come from
Financial figures are the values Aes 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.