United States was Aes’s largest region in fiscal 2025, bringing in $5.06B of $12.23B (41%).
| Geography | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Total Non-U.S | — | — | — | — | ||
| United States | $4.09B | $4.44B | $4.69B | $5.06B | ||
| Chile | $2.06B | $1.93B | $1.53B | $1.52B | ||
| Dominican Republic | $1.59B | $1.40B | $1.45B | $1.36B | ||
| El Salvador | $902.00M | $935.00M | $1.04B | $1.09B | ||
| Panama | $678.00M | $644.00M | $666.00M | $649.00M | ||
| Bulgaria | $790.00M | $528.00M | $478.00M | $687.00M | ||
| Brazil | $560.00M | $697.00M | $616.00M | — | ||
| Mexico | $595.00M | $536.00M | $462.00M | $760.00M | ||
| Colombia | $417.00M | $706.00M | $686.00M | $422.00M | ||
| Argentina | $501.00M | $407.00M | $318.00M | $366.00M | ||
| Viet Nam | $323.00M | $344.00M | $312.00M | $321.00M | ||
| Jordan | $102.00M | $97.00M | $28.00M | $6.00M | ||
| Other Non-U.S | $1.00M | $3.00M | $2.00M | $1.00M | ||
| Total | $12.62B | $12.67B | $12.28B | $12.23B |
Aes brought in $12.23B from its 12 regions in fiscal 2025, the year ended December 31, 2025. Aes regrouped these regions after fiscal 2024, so the total does not compare directly with that year's $12.28B. United States was the largest at $5.06B (41.3%), ahead of Chile at $1.52B (12.4%) and Dominican Republic at $1.36B (11.1%). The other nine regions brought in $4.30B combined.
Compared with fiscal 2024, Mexico grew fastest, up 64.5% to $760.00M, while Colombia fell the most, down 38.5% to $422.00M.
Aes stopped reporting Brazil as a separate region after fiscal 2024, when it brought in $616.00M.
Energy Infrastructure was Aes’s largest segment in fiscal 2025, bringing in $5.40B of $12.23B (44%).
| Business Segments | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Energy Infrastructure | $7.20B | $6.81B | $6.21B | $5.40B | ||||||
| Us & Utilities Sbu | — | — | — | — | ||||||
| Utilities | $3.62B | $3.50B | $3.61B | $4.12B | ||||||
| South America | — | — | — | — | ||||||
| Renewables | $1.89B | $2.42B | $2.62B | $2.91B | ||||||
| Mcac | — | — | — | — | ||||||
| Eurasia | — | — | — | — | ||||||
| Corporate & Other | — | — | $162.00M | $149.00M | ||||||
| New Energy Technologies | $3.00M | $76.00M | $1.00M | $1.00M | ||||||
| Intersegment Eliminations | $116.00M | $138.00M | -$317.00M | -$354.00M | ||||||
| Eliminations | -$216.00M | -$262.00M | — | — | ||||||
| Total | $12.62B | $12.67B | $12.28B | $12.23B |
Aes brought in $12.23B from its six segments in fiscal 2025, the year ended December 31, 2025. That was down 0.4% from $12.28B in fiscal 2024. Energy Infrastructure was the largest at $5.40B (44.2%), ahead of Utilities at $4.12B (33.7%) and Renewables at $2.91B (23.8%). The other two segments brought in $150.00M combined.
Compared with fiscal 2024, Utilities grew fastest, up 14.2% to $4.12B, while Energy Infrastructure fell the most, down 13.0% to $5.40B.
The total is net of Intersegment Eliminations, which took $354.00M off revenue in fiscal 2025.
Non-Regulated Revenue was Aes’s largest product and service line in fiscal 2025, bringing in $8.20B of $12.23B (67%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-Regulated Revenue | $9.08B | $9.25B | $8.76B | $8.20B | ||||||
| Electricity, Generation | — | — | — | — | ||||||
| Regulated Revenue | $3.54B | $3.42B | $3.52B | $4.04B | ||||||
| Electric Distribution | — | — | — | — | ||||||
| Total | $12.62B | $12.67B | $12.28B | $12.23B |
Aes brought in $12.23B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 0.4% from $12.28B in fiscal 2024. Non-Regulated Revenue was the largest at $8.20B (67.0%), ahead of Regulated Revenue at $4.04B (33.0%).
Compared with fiscal 2024, Regulated Revenue grew 14.7% to $4.04B, while Non-Regulated Revenue fell 6.4% to $8.20B. From fiscal 2022 to 2025, combined revenue from these lines fell from $12.62B to $12.23B, a compound annual decline of 1.0%. Non-Regulated Revenue's share of the total fell from 72.0% to 67.0%.
Aes (AES) reports its revenue by geography, by business segments and by product and service. In fiscal 2025, United States was its largest region, bringing in $5.06B (41.3% of the total), followed by Chile at $1.52B (12.4%).
United States was Aes' largest region in fiscal 2025, bringing in $5.06B, or 41.3% of the $12.23B total across its 12 regions.
Energy Infrastructure was Aes' largest segment in fiscal 2025, bringing in $5.40B, or 44.2% of the $12.23B total across its six segments.
Non-Regulated Revenue was Aes' largest product and service line in fiscal 2025, bringing in $8.20B, or 67.0% of the $12.23B total across its two product and service lines.
Among Aes' segments that make up at least 2% of revenue, Utilities grew fastest in fiscal 2025, up 14.2% from $3.61B to $4.12B.
Every figure comes from Aes' annual financial filings, as reported. Each line keeps the name Aes gives it, and years follow its fiscal calendar.
Aes' revenue by geography goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.