Aes (AES) Total Operating Expenses (2009 - 2026)
Aes (AES) recorded Operating Expenses of $68 million in Q3 2026, up 47.8% from $46 million a year earlier and up 9.7% from the prior quarter.
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Analysis
Aes (AES) Total Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Aes' Operating Expenses came in at $254 million as of Sep 30, 2026, down 3.1% year-over-year; for FY2025, it was $241 million, down 16.3% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 7.9% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $288 million in FY2024 (+12.9%), $255 million in FY2023 (+23.2%), $207 million in FY2022 (+24.7%) and $166 million in FY2021 (+0.6%).
- Quarterly Operating Expenses has ranged from $36 million in Q4 2021 to $90 million in Q4 2024 over the past five years.
- On a year-over-year basis, Operating Expenses rose in four of the last eight quarters, with growth averaging 2.6%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 61.1% in Q4 2022, against a decline of 28.6% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $62 million (Q2 2026), $55 million (Q1 2026) and $69 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Enel Chile | 299.49 Bn | 296.88 Bn | - |
| 2 | Nextera Energy | 179.92 Bn | 166.66 Bn | - |
| 3 | Southern | 105.56 Bn | 96.61 Bn | 5.92 Bn |
| 4 | Duke Energy | 99.44 Bn | 95.69 Bn | 5.66 Bn |
| 5 | National Grid | 82.69 Bn | 64.32 Bn | - |
| 6 | American Electric Power | 68.52 Bn | 66.31 Bn | 4.75 Bn |
| 7 | Dominion Energy | 59.67 Bn | 57.66 Bn | - |
| 8 | Entergy | 52.06 Bn | 38.50 Bn | - |
| 9 | Sempra | 51.32 Bn | 50.45 Bn | 2.89 Bn |
| 10 | Aes | 10.64 Bn | 3.55 Bn | 982.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 68.00 Mn |
| Jun 30, 2026 | 62.00 Mn |
| Mar 31, 2026 | 55.00 Mn |
| Dec 31, 2025 | 69.00 Mn |
| Sep 30, 2025 | 46.00 Mn |
| Jun 30, 2025 | 49.00 Mn |
| Mar 31, 2025 | 77.00 Mn |
| Dec 31, 2024 | 90.00 Mn |
| Sep 30, 2024 | 57.00 Mn |
| Jun 30, 2024 | 66.00 Mn |
| Mar 31, 2024 | 75.00 Mn |
| Dec 31, 2023 | 64.00 Mn |
| Sep 30, 2023 | 64.00 Mn |
| Jun 30, 2023 | 72.00 Mn |
| Mar 31, 2023 | 55.00 Mn |
| Dec 31, 2022 | 58.00 Mn |
| Sep 30, 2022 | 51.00 Mn |
| Jun 30, 2022 | 46.00 Mn |
| Mar 31, 2022 | 52.00 Mn |
| Dec 31, 2021 | 36.00 Mn |
API Access
Aes Total Operating Expenses 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=total-operating-expenses&ticker=AES&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-operating-expenses", "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=total-operating-expenses&ticker=AES&period=max&api_key=YOUR_API_KEY");
const data = await res.json();