Operating Income for AES (AES)
According to AES's latest reported financial statements, the company's current operating income (TTM) is $1.83B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
AES
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$1.83B
YoY change
-2.9%
5Y CAGR
-4.9%
Peak year (2011)
$3.83B
Cumulative operating income
$71.59B
Operating Income history chart for AES (AES) from 1990 to 2025
Operating Income history table for AES (AES) from 1990 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $1.97B | -2.9% | ||
| 2024 | $2.03B | -10.3% | ||
| 2023 | $2.26B | -3.5% | ||
| 2022 | $2.34B | -8.1% | ||
| 2021 | $2.55B | +0.7% | ||
| 2020 | $2.53B | +16.8% | ||
| 2019 | $2.17B | -9.4% | ||
| 2018 | $2.39B | +6.9% | ||
| 2017 | $2.24B | +4.9% | ||
| 2016 | $2.13B | -18.2% | ||
| 2015 | $2.60B | -9.5% | ||
| 2014 | $2.88B | -4.8% | ||
| 2013 | $3.02B | -11.4% | ||
| 2012 | $3.41B | -11.0% | ||
| 2011 | $3.83B | +9.5% | ||
| 2010 | $3.50B | +16.7% | ||
| 2009 | $3.00B | -10.1% | ||
| 2008 | $3.34B | +10.1% | ||
| 2007 | $3.03B | -3.6% | ||
| 2006 | $3.14B | +18.7% | ||
| 2005 | $2.65B | +1.5% | ||
| 2004 | $2.61B | 0.0% | ||
| 2003 | $2.61B | +118.0% | ||
| 2002 | $1.20B | -31.6% | ||
| 2001 | $1.75B | +8.3% | ||
| 2000 | $1.61B | +74.6% | ||
| 1999 | $925.00M | +22.7% | ||
| 1998 | $754.00M | +108.9% | ||
| 1997 | $361.00M | -56.8% | ||
| 1996 | $835.00M | +230.0% | ||
| 1995 | $253.00M | +9.1% | ||
| 1994 | $232.00M | -55.3% | ||
| 1993 | $518.70M | +29.4% | ||
| 1992 | $401.00M | +20.2% | ||
| 1991 | $333.50M | +75.3% | ||
| 1990 | $190.20M | — |
Operating Income values are taken from AES's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of AES (AES) operating income is $1.97B – edged down 2.9% year-over-year.
Over 2020–2025 (5 years), AES operating income expanded at a -4.9% compound annual rate, with a net decline across the window.
Between 2011 and 2025, AES operating income plunged 48.6%, falling from $3.83B to $1.97B.
The highest annual operating income of $3.83B was reported in 2011. The lowest in the available history was $190.20M in 1990.
AES (AES) sits 8th of 8 Utilities peers we track on this metric, against a peer median of $4.86B.
AES Operating Income by Year
AES Operating Income 2025: $1.97B
AES operating income in 2025 was $1.97B, edged down 2.9% below 2024.
AES Operating Income 2024: $2.03B
AES operating income in 2024 was $2.03B, declined 10.3% below 2023.
AES Operating Income 2023: $2.26B
AES operating income in 2023 was $2.26B, edged down 3.5% below 2022.
AES Operating Income 2022: $2.34B
AES operating income in 2022 was $2.34B, declined 8.1% below 2021.
AES Operating Income 2021: $2.55B
AES operating income in 2021 was $2.55B.
See more financial history for AES (AES).
Sector peers — Operating Income
Companies in the same sector as AES, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Duke Energy Corporation (DUK) | $8.58B | Utilities |
| NextEra Energy, Inc. (NEE) | $8.28B | Utilities |
| The Southern Company (SO) | $7.27B | Utilities |
| American Electric Power Company, Inc. (AEP) | $5.30B | Utilities |
| Dominion Energy, Inc. (D) | $4.41B | Utilities |
| Sempra (SRE) | $3.25B | Utilities |
| Constellation Energy Corporation (CEG) | $3.09B | Utilities |
| GE Vernova Inc. (GEV) | $1.39B | Utilities |
Frequently asked questions
What is AES's operating income?
- Latest reported operating income for AES (AES) is $1.83B (period ending December 31, 2025).
How has AES operating income changed year-over-year?
- AES (AES) operating income changed -2.9% year-over-year on the latest annual filing.
What is the long-term growth rate of AES operating income?
- AES (AES) operating income compound annual growth rate is -4.9% over the most recent 5 years available.
When did AES operating income hit its highest annual value?
- AES operating income reached its highest annual value of $3.83B in 2011.
What was AES operating income in 2024?
- AES (AES) operating income in 2024 was $2.03B.
What was AES operating income in 2025?
- AES (AES) operating income in 2025 was $1.97B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
AES Overview
Company profile, financial tools, and key metrics
AES Revenue Counter
Earns $387.91 every second. See per minute, hour, and day.
AES Earnings Counter
Earns $28.44 per second net profit. See per minute, hour, and day.
AES Economic Scale
Exceeds Somalia, Fed. Rep.'s GDP. Compare with world economies.
AES What If Invested
What if you had invested $1,000? See historical returns from any date.
AES How It Makes Money
Discover visual breakdown of $12.23B in revenue — where it comes from and where it goes.
AES Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
AES Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
AES Daily Price Character
Explosive · 49.1% historical win rate (green days). Streaks & record days.
AES Buybacks
Recent repurchase activity. Shareholder yield & SBC comparison.
AES Stock Split History
4 splits on record. Dates, ratios, and cumulative multiple.
AES Dividend Profile
Yield: 4.87%. Safety: 6/8. See full history.
AES Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
AES Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.