AES (AES) Revenue & Revenue Breakdown

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AES Revenue Highlights

Latest Revenue (Y)

$12.28B

Latest Revenue (Q)

$2.85B

Main Segment (Y)

Energy Infrastructure

Main Geography (Y)

Total Non Us

AES Revenue by Period

AES Revenue by Year

Date	Revenue	Change
2024-12-31	$12.28B	-3.08%
2023-12-31	$12.67B	0.40%
2022-12-31	$12.62B	13.25%
2021-12-31	$11.14B	15.33%
2020-12-31	$9.66B	-5.19%
2019-12-31	$10.19B	-5.10%
2018-12-31	$10.74B	1.96%
2017-12-31	$10.53B	2.42%
2016-12-31	$10.28B	-8.69%
2015-12-31	$11.26B	-30.17%
2014-12-31	$16.12B	1.47%
2013-12-31	$15.89B	-12.36%
2012-12-31	$18.13B	4.55%
2011-12-31	$17.34B	4.68%
2010-12-31	$16.57B	18.93%
2009-12-31	$13.93B	-13.31%
2008-12-31	$16.07B	18.27%
2007-12-31	$13.59B	17.38%
2006-12-31	$11.58B	12.97%
2005-12-31	$10.25B	9.10%
2004-12-31	$9.39B	11.64%
2003-12-31	$8.41B	14.00%
2002-12-31	$7.38B	17.16%
2001-12-31	$6.30B	1.50%
2000-12-31	$6.21B	90.78%
1999-12-31	$3.25B	35.65%
1998-12-31	$2.40B	69.95%
1997-12-31	$1.41B	68.98%
1996-12-31	$835.00M	21.90%
1995-12-31	$685.00M	28.59%
1994-12-31	$532.70M	2.70%
1993-12-31	$518.70M	-

AES generated $12.28B in revenue during NA 2024, up -3.08% compared to the previous quarter, and up 120.50% compared to the same period a year ago.

AES Revenue by Quarter

Date	Revenue	Change
2025-06-30	$2.85B	-2.43%
2025-03-31	$2.93B	-1.22%
2024-12-31	$2.96B	-9.94%
2024-09-30	$3.29B	11.79%
2024-06-30	$2.94B	-4.64%
2024-03-31	$3.08B	3.94%
2023-12-31	$2.97B	-13.57%
2023-09-30	$3.43B	13.45%
2023-06-30	$3.03B	-6.55%
2023-03-31	$3.24B	5.85%
2022-12-31	$3.06B	-15.63%
2022-09-30	$3.63B	17.84%
2022-06-30	$3.08B	7.92%
2022-03-31	$2.85B	2.96%
2021-12-31	$2.77B	-8.76%
2021-09-30	$3.04B	12.44%
2021-06-30	$2.70B	2.47%
2021-03-31	$2.63B	2.93%
2020-12-31	$2.56B	0.59%
2020-09-30	$2.54B	14.79%
2020-06-30	$2.22B	-5.18%
2020-03-31	$2.34B	-3.83%
2019-12-31	$2.43B	-7.39%
2019-09-30	$2.63B	5.72%
2019-06-30	$2.48B	-6.30%
2019-03-31	$2.65B	1.07%
2018-12-31	$2.62B	-7.58%
2018-09-30	$2.84B	11.82%
2018-06-30	$2.54B	-7.41%
2018-03-31	$2.74B	3.67%
2017-12-31	$2.64B	-1.86%
2017-09-30	$2.69B	3.06%
2017-06-30	$2.61B	1.24%
2017-03-31	$2.58B	-27.17%
2016-12-31	$3.54B	0.06%
2016-09-30	$3.54B	9.69%
2016-06-30	$3.23B	-6.97%
2016-03-31	$3.47B	-16.00%
2014-12-31	$4.13B	-6.96%
2014-09-30	$4.44B	3.02%
2014-06-30	$4.31B	1.15%
2014-03-31	$4.26B	12.66%
2013-12-31	$3.78B	-5.50%
2013-09-30	$4.00B	-1.60%
2013-06-30	$4.07B	-4.62%
2013-03-31	$4.26B	-7.72%
2012-12-31	$4.62B	0.76%
2012-09-30	$4.59B	9.42%
2012-06-30	$4.19B	-11.56%
2012-03-31	$4.74B	14.02%
2011-12-31	$4.16B	-5.11%
2011-09-30	$4.38B	-3.59%
2011-06-30	$4.54B	6.57%
2011-03-31	$4.26B	-3.18%
2010-12-31	$4.40B	6.09%
2010-09-30	$4.15B	3.23%
2010-06-30	$4.02B	-2.21%
2010-03-31	$4.11B	20.66%
2009-12-31	$3.41B	-11.20%
2009-09-30	$3.84B	9.81%
2009-06-30	$3.50B	3.46%
2009-03-31	$3.38B	-2.79%
2008-12-31	$3.48B	-20.02%
2008-09-30	$4.34B	4.80%
2008-06-30	$4.15B	1.02%
2008-03-31	$4.10B	12.01%
2007-12-31	$3.66B	-

AES generated $2.85B in revenue during Q2 2025, up -2.43% compared to the previous quarter, and up 92.54% compared to the same period a year ago.

AES Revenue Breakdown

AES Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
Renewables	$2.51B	$2.34B	-	-	-
Energy Infrastructure	$6.24B	$6.84B	-	-	-
Utilities	$3.61B	$3.50B	-	-	-
New Energy Technologies	$1.00M	$76.00M	-	-	-
Electric Distribution	-	$3.42B	$3.54B	$2.87B	$2.66B
Electricity, Generation	-	$9.24B	$9.08B	$8.27B	$7.00B

AES's latest annual revenue breakdown by segment (product or service), as of Dec 24: Energy Infrastructure (50.48%), Utilities (29.20%), Renewables (20.31%), and New Energy Technologies (0.01%).

Quarterly Revenue by Product

Product/Service	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Utilities	$954.00M	$985.00M	$878.00M	$961.00M	$896.00M	$873.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Renewables	$644.00M	$620.00M	$569.00M	$726.00M	$596.00M	$619.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Energy Infrastructure	$1.31B	$1.32B	$1.53B	$1.62B	$1.47B	$1.61B	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New Energy Technologies	-	-	-	$1.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Distribution	-	-	-	-	-	-	$774.00M	$863.00M	$834.00M	$952.00M	$925.00M	$976.00M	$802.00M	$835.00M	$721.00M	$768.00M	$672.00M	$707.00M	$645.00M	$680.00M
Electricity, Generation	-	-	-	-	-	-	$2.19B	$2.57B	$2.19B	$2.29B	$2.13B	$2.65B	$2.28B	$2.02B	$2.05B	$2.27B	$2.03B	$1.93B	$1.92B	$1.86B

AES's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Energy Infrastructure (44.97%), Utilities (32.85%), and Renewables (22.18%).

AES Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 23	Dec 22	Dec 21	Dec 20
PANAMA	$666.00M	$644.00M	$678.00M	$595.00M	$519.00M
ARGENTINA	$318.00M	$407.00M	$501.00M	$390.00M	$308.00M
BULGARIA	$478.00M	$528.00M	-	-	-
BRAZIL	$616.00M	$697.00M	$560.00M	$471.00M	$401.00M
EL SALVADOR	$1.04B	$935.00M	$902.00M	$792.00M	$666.00M
CHILE	$1.53B	$1.93B	$2.06B	$2.30B	$2.09B
DOMINICAN REPUBLIC	$1.45B	$1.40B	$1.59B	$1.09B	$896.00M
COLOMBIA	$686.00M	$706.00M	$417.00M	$383.00M	$358.00M
Total Non Us	$7.59B	$8.23B	$8.52B	$7.61B	$6.42B
MEXICO	$462.00M	$536.00M	$595.00M	$471.00M	$349.00M
JORDAN	$28.00M	$97.00M	$102.00M	$98.00M	$96.00M
VIET NAM	$312.00M	$344.00M	$323.00M	$320.00M	$285.00M
UNITED STATES	$4.69B	$4.44B	$4.09B	$3.53B	$3.24B
PUERTO RICO	$426.00M	$269.00M	$293.00M	$311.00M	$298.00M
Other Non Us	-	$3.00M	$1.00M	$6.00M	$3.00M
PHILIPPINES	-	-	-	-	-

AES's latest annual revenue breakdown by geography, as of Dec 24: Total Non Us (37.40%), UNITED STATES (23.11%), CHILE (7.56%), DOMINICAN REPUBLIC (7.15%), EL SALVADOR (5.11%), COLOMBIA (3.38%), PANAMA (3.28%), BRAZIL (3.04%), BULGARIA (2.36%), MEXICO (2.28%), PUERTO RICO (2.10%), ARGENTINA (1.57%), VIET NAM (1.54%), and JORDAN (0.14%).

Quarterly Revenue by Country

Country	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Dec 18	Sep 18	Jun 18	Mar 18
EURASIA	$270.00M	$261.00M	$318.00M	$368.00M	$319.00M	$257.00M	$277.00M	$270.00M	$194.00M	$195.00M	$214.00M	$225.00M	$246.00M	$197.00M	$265.00M	$339.00M	$320.00M	$224.00M	$292.00M	$331.00M
South American SBU	-	$926.00M	$880.00M	$810.00M	$896.00M	$964.00M	$884.00M	-	-	-	-	-	-	-	-	-	-	-	-	-
South America	-	-	-	-	-	-	-	-	-	$850.00M	$711.00M	$712.00M	$770.00M	$828.00M	$765.00M	$845.00M	$869.00M	$923.00M	$846.00M	$894.00M

AES's latest quarterly revenue breakdown by geography, as of Dec 22: EURASIA (100.00%).

AES Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CIG	Companhia Energética de Minas Gerais	$36.85B	$9.06B
BIP	Brookfield Infrastructure Partners	$17.93B	$5.19B
AES	AES	$12.28B	$2.85B
PNW	Pinnacle West Capital	$5.12B	$1.36B
ELPC	Companhia Paranaense de Energia	$3.66B	$973.25M
BKH	Black Hills	$2.13B	$439.00M
WTRG	Essential Utilities	$2.09B	$514.91M
OTTR	Otter Tail	$1.33B	$333.04M
OGE	OGE Energy	-	$741.60M

AES Revenue FAQ

What is AES’s yearly revenue?

AES's yearly revenue for 2024 was $12.28B, representing a decrease of -3.08% compared to 2023. The company's yearly revenue for 2023 was $12.67B, representing an increase of 0.40% compared to 2022. AES's yearly revenue for 2022 was $12.62B, representing an increase of 13.25% compared to 2021.

What is AES’s quarterly revenue?

AES's quarterly revenue for Q2 2025 was $2.86B, a -2.43% decrease from the previous quarter (Q1 2025), and a -2.96% decrease year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $2.93B, a -1.22% decrease from the previous quarter (Q4 2024), and a -5.15% decrease year-over-year (Q1 2024). AES's quarterly revenue for Q4 2024 was $2.96B, a -9.94% decrease from the previous quarter (Q3 2024), and a -0.20% decrease year-over-year (Q4 2023).

What is AES’s revenue growth rate?

AES's revenue growth rate for the last 3 years (2022-2024) was -2.69%, and for the last 5 years (2020-2024) was 27.10%.

What are AES’s revenue streams?

AES's revenue streams in c 24 are Renewables, Energy Infrastructure, Utilities, and New Energy Technologies. Renewables generated $2.51B in revenue, accounting 20.31% of the company's total revenue, up 7.31% year-over-year. Energy Infrastructure generated $6.24B in revenue, accounting 50.48% of the company's total revenue, down -8.75% year-over-year. Utilities generated $3.61B in revenue, accounting 29.20% of the company's total revenue, up 3.23% year-over-year. New Energy Technologies generated $1M in revenue, accounting 0.01% of the company's total revenue, down -98.68% year-over-year.

What is AES’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of AES was Energy Infrastructure. This segment made a revenue of $6.24B, representing 50.48% of the company's total revenue.