# The Aes (AES) — Earnings

AES · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/aes/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q4 2025 |
| Period end | Dec 31, 2025 |
| EPS actual | $0.81 |
| EPS estimate | $0.62 |
| EPS surprise | +30.90% |
| Revenue surprise | +0.16% |
| Revenue | $3.1B |
| Revenue estimate | $3.1B |
| Reported | Mar 2, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/874761/000087476126000063/aes-20251231.htm) |

AES reported Q4 2025 results on March 2, 2026. Earnings per share came in at $0.81, ahead of the $0.62 estimate by 30.9%. Revenue was $3.1 billion, in line with the $3.1 billion consensus. Compared with Q4 2024, EPS rose 50% from $0.54, and revenue edged up from $3.0 billion. The $0.81 result is the highest quarterly EPS in the table.

The longer record shows earnings rising while sales held roughly level. Annual EPS grew every year, from $1.54 in 2021 to $1.67 in 2022, $1.76 in 2023, $2.13 in 2024 and $2.34 in 2025. That is a gain of about 52% over four years, including about 10% in 2025. Annual revenue moved in a narrow band, from $11.1 billion in 2021 to a peak of $12.7 billion in 2022 and $12.3 billion in 2025. Results against estimates were uneven. Over the last 20 quarters, AES beat the EPS estimate 14 times, with its largest beat at 56.11% in Q4 2024, but missed by 21.88% in Q1 2025.

The table ends with Q4 2025. In past years AES reported Q1 in early May and Q2 in early August, so later 2026 quarters are not yet reflected here.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q4 2025 | Mar 2, 2026 | $0.62 | $0.81 | 30.90% | $3.1B | $3.1B |
| Q3 2025 | Nov 4, 2025 | $0.77 | $0.75 | -2.08% | $3.2B | $3.4B |
| Q2 2025 | Aug 1, 2025 | $0.40 | $0.51 | 28.24% | $3.0B | $2.9B |
| Q1 2025 | May 1, 2025 | $0.35 | $0.27 | -21.88% | $3.0B | $2.9B |
| Q4 2024 | Feb 28, 2025 | $0.35 | $0.54 | 56.11% | $3.1B | $3.0B |
| Q3 2024 | Oct 31, 2024 | $0.60 | $0.71 | 19.31% | $3.5B | $3.3B |
| Q2 2024 | Aug 1, 2024 | $0.36 | $0.38 | 4.22% | $3.2B | $2.9B |
| Q1 2024 | May 2, 2024 | $0.34 | $0.50 | 46.50% | $3.2B | $3.1B |
| Q4 2023 | Feb 26, 2024 | $0.67 | $0.73 | 9.12% | $3.4B | $3.0B |
| Q3 2023 | Nov 2, 2023 | $0.54 | $0.60 | 11.13% | $3.6B | $3.4B |
| Q2 2023 | Aug 3, 2023 | $0.22 | $0.21 | -3.45% | $3.1B | $3.0B |
| Q1 2023 | May 4, 2023 | $0.22 | $0.22 | -1.70% | $2.8B | $3.2B |
| Q4 2022 | Feb 27, 2023 | $0.46 | $0.49 | 5.49% | $2.3B | $3.1B |
| Q3 2022 | Nov 4, 2022 | $0.54 | $0.63 | 16.28% | $2.9B | $3.6B |
| Q2 2022 | Aug 4, 2022 | $0.31 | $0.34 | 11.37% | $2.5B | $3.1B |
| Q1 2022 | May 5, 2022 | $0.26 | $0.21 | -20.72% | $2.4B | $2.9B |
| Q4 2021 | Feb 25, 2022 | $0.43 | $0.45 | 5.34% | $2.6B | $2.8B |
| Q3 2021 | Nov 3, 2021 | $0.44 | $0.50 | 13.64% | $2.6B | $3.0B |
| Q2 2021 | Aug 4, 2021 | $0.29 | $0.31 | 7.34% | $2.3B | $2.7B |
| Q1 2021 | May 6, 2021 | $0.30 | $0.28 | -7.10% | $2.4B | $2.6B |

## Frequently Asked Questions

### When did The Aes (AES) last report earnings?

The Aes last reported on Mar 2, 2026, covering fiscal Q4 2025.

### Did AES beat earnings estimates?

Yes. The Aes reported EPS of $0.81 for Q4 2025 against a $0.62 estimate — a 30.90% beat.

### How much revenue did AES report last quarter?

The Aes reported $3.1B in revenue for Q4 2025, against a consensus estimate of $3.1B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).