TTM
16.5%
YoY change
−0.41pp
Trough year (2025)
16.1%
Peak year (1990)
100.0%
Latest annual
16.1%
Operating Margin history chart for AES (AES) from 1990 to 2025
Latest: 16.1%
Operating Margin change chart for AES (AES) from 1990 to 2025
Latest: −0.41pp
Operating Margin history table for AES (AES) from 1990 to 2025
| 2025 | 16.1% | -0.41pp | ||
| 2024 | 16.5% | -1.31pp | ||
| 2023 | 17.8% | -0.72pp | ||
| 2022 | 18.6% | -4.31pp | ||
| 2021 | 22.9% | -3.32pp | ||
| 2020 | 26.2% | +4.92pp | ||
| 2019 | 21.3% | -0.99pp | ||
| 2018 | 22.2% | +0.96pp | ||
| 2017 | 21.3% | +0.32pp | ||
| 2016 | 21.0% | +2.50pp | ||
| 2015 | 18.5% | +1.63pp | ||
| 2014 | 16.8% | -2.21pp | ||
| 2013 | 19.0% | +0.22pp | ||
| 2012 | 18.8% | -3.28pp | ||
| 2011 | 22.1% | +0.97pp | ||
| 2010 | 21.1% | -0.41pp | ||
| 2009 | 21.5% | +0.78pp | ||
| 2008 | 20.8% | -1.54pp | ||
| 2007 | 22.3% | -4.86pp | ||
| 2006 | 27.2% | +1.31pp | ||
| 2005 | 25.9% | -1.94pp | ||
| 2004 | 27.8% | 0.00pp | ||
| 2003 | 27.8% | +11.57pp | ||
| 2002 | 16.2% | -11.55pp | ||
| 2001 | 27.8% | +1.74pp | ||
| 2000 | 26.0% | -2.41pp | ||
| 1999 | 28.4% | -3.01pp | ||
| 1998 | 31.4% | +5.86pp | ||
| 1997 | 25.6% | -74.42pp | ||
| 1996 | 100.0% | +62.74pp | ||
| 1995 | 37.3% | -6.27pp | ||
| 1994 | 43.5% | -56.47pp | ||
| 1993 | 100.0% | 0.00pp | ||
| 1992 | 100.0% | 0.00pp | ||
| 1991 | 100.0% | 0.00pp | ||
| 1990 | 100.0% | — |
- 202516.1%-0.41pp
- 202416.5%-1.31pp
- 202317.8%-0.72pp
- 202218.6%-4.31pp
- 202122.9%-3.32pp
- 202026.2%+4.92pp
- 201921.3%-0.99pp
- 201822.2%+0.96pp
- 201721.3%+0.32pp
- 201621.0%+2.50pp
- 201518.5%+1.63pp
- 201416.8%-2.21pp
- 201319.0%+0.22pp
- 201218.8%-3.28pp
- 201122.1%+0.97pp
- 201021.1%-0.41pp
- 200921.5%+0.78pp
- 200820.8%-1.54pp
- 200722.3%-4.86pp
- 200627.2%+1.31pp
- 200525.9%-1.94pp
- 200427.8%0.00pp
- 200327.8%+11.57pp
- 200216.2%-11.55pp
- 200127.8%+1.74pp
- 200026.0%-2.41pp
- 199928.4%-3.01pp
- 199831.4%+5.86pp
- 199725.6%-74.42pp
- 1996100.0%+62.74pp
- 199537.3%-6.27pp
- 199443.5%-56.47pp
- 1993100.0%0.00pp
- 1992100.0%0.00pp
- 1991100.0%0.00pp
- 1990100.0%—
Operating Margin values are taken from AES's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at AES (AES)
According to AES's latest reported financial statements, the company's latest reported operating margin is 16.5%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
AES (AES) most recent annual operating margin stands at 16.10% (2025) – contracted 0.4 percentage points year-over-year.
1990 marks the peak operating margin at 100.00%, with the historical low of 16.10% recorded in 2025.
AES Operating Margin by Year
AES Operating Margin 2025: 16.1%
AES posted operating margin of 16.10% in 2025, contracted 0.4 percentage points from 2024. This figure represents the lowest annual value in the available history.
AES Operating Margin 2024: 16.5%
In 2024, AES reported operating margin of 16.52%, contracted 1.3 percentage points from 2023.
AES Operating Margin 2023: 17.8%
AES operating margin in 2023 was 17.83%, contracted 0.7 percentage points from 2022.
AES Operating Margin 2022: 18.6%
2022's operating margin for AES came in at 18.55%, contracted 4.3 percentage points from 2021.
AES Operating Margin 2021: 22.9%
AES operating margin in 2021 was 22.86%.
See more financial history for AES (AES).
Sector peers by Operating Margin
Utilities peers of AES (AES), ranked by their latest operating margin
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AES (AES) Key Financials
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