Aes (AES) Operating Margin (2017 - 2026)
Aes (AES) reported Operating Margin of 23.61% for Q3 2026, up 3.04 percentage points from 20.56% a year earlier and up 5.20 percentage points from the prior quarter.
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Analysis
Aes (AES) Operating Margin (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Aes' Operating Margin came in at 19.46%, up 4.69 percentage points year-over-year; for FY2025, it was 16.10%, down 0.40 percentage points from FY2024.
- Operating Margin has declined for five consecutive years, with a five-year change of -10.07 percentage points (FY2020 to FY2025).
- By year, Operating Margin came in at 16.50% in FY2024 (-1.25 pp), 17.75% in FY2023 (-0.80 pp), 18.55% in FY2022 (-4.29 pp) and 22.84% in FY2021 (-3.33 pp).
- The Q3 2026 figure ranks as the highest quarterly Operating Margin since Q3 2023.
- Year over year, Operating Margin has now increased in each of the last five quarters, with an average year-over-year change of +1.01 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was Q1 2026 (a gain of 5.96 percentage points); the low point was Q4 2021 (a drop of 14.71 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 18.41% (Q2 2026), 18.40% (Q1 2026) and 16.54% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - | 32.44% |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn | 25.46% |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn | 26.99% |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn | 26.52% |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - | 7.34% |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - | 33.93% |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn | 17.45% |
| 10 | Aes | 10.64 Bn | 3.55 Bn | 982.00 Mn | 23.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.61% |
| Jun 30, 2026 | 18.41% |
| Mar 31, 2026 | 18.40% |
| Dec 31, 2025 | 16.54% |
| Sep 30, 2025 | 20.56% |
| Jun 30, 2025 | 14.15% |
| Mar 31, 2025 | 12.44% |
| Dec 31, 2024 | 11.14% |
| Sep 30, 2024 | 20.22% |
| Jun 30, 2024 | 16.55% |
| Mar 31, 2024 | 17.63% |
| Dec 31, 2023 | 14.49% |
| Sep 30, 2023 | 24.87% |
| Jun 30, 2023 | 14.07% |
| Mar 31, 2023 | 16.64% |
| Dec 31, 2022 | 16.50% |
| Sep 30, 2022 | 23.19% |
| Jun 30, 2022 | 16.80% |
| Mar 31, 2022 | 16.76% |
| Dec 31, 2021 | 18.88% |
API Access
Aes Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=AES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "AES", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=AES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();