The AES Corporation (AES) Revenue by Segment

AES revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), AES's largest business segment was Energy Infrastructure, with $1.50 billion or 43% of revenue. Next: Utilities (29%), Renewables (27%) and Corporate Other and Other (1%).

By product or service, Non-regulated revenue brought in 71% and Regulated Revenue brought in 29% of revenue in Q2 fiscal 2026.

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

The AES Corporation

AESUtilities

United States

Utilities

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Energy InfrastructureUS and UtilitiesUtilitiesRenewablesSouth AmericaMcacSouth American SBUEurasiaOther

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Energy Infrastructure	USD 1.50B	42.8%	+14.5%
Utilities	USD 1.02B	29.2%	+6.7%
Renewables	USD 939.00M	26.9%	+45.8%
Corporate Other and Other	USD 39.00M	1.1%	–
Intersegment eliminationsi	-USD 70.00M		–

Sum of items USD 3.49B; corporate items and eliminations -USD 70.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Energy Infrastructure	1.5B	1.3B	–	1.5B	1.3B	1.3B	–	1.6B	1.5B	1.6B	–	1.9B	1.7B	1.7B	–	2.1B	1.8B	1.6B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
US and Utilities	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.3B	972.0M	949.0M	–	1.1B	913.0M	971.0M	933.0M	1.1B	976.0M	1.0B	978.0M	1.2B	995.0M	1.0B	–	1.1B
Utilities	1.0B	1.1B	–	1.1B	954.0M	1.0B	–	961.0M	896.0M	873.0M	–	880.0M	852.0M	971.0M	–	994.0M	821.0M	859.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Renewables	939.0M	820.0M	–	817.0M	644.0M	666.0M	–	726.0M	596.0M	619.0M	–	708.0M	541.0M	495.0M	–	532.0M	455.0M	420.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
South America	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	770.0M	828.0M	765.0M	845.0M	869.0M	923.0M	846.0M	895.0M	–	834.0M
Mcac	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	559.0M	490.0M	535.0M	–	442.0M	381.0M	432.0M	484.0M	470.0M	478.0M	450.0M	452.0M	462.0M	406.0M	408.0M	–	397.0M
South American SBU	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	896.0M	964.0M	884.0M	–	850.0M	711.0M	712.0M	–	–	–	–	–	–	–	–	–	–
Eurasia	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	257.0M	277.0M	270.0M	–	195.0M	214.0M	225.0M	246.0M	197.0M	265.0M	339.0M	320.0M	224.0M	292.0M	419.0M	–	380.0M
New Energy Technologies	–	–	–	–	–	–	–	1.0M	–	–	–	–	1.0M	74.0M	–	–	2.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate Other and Other	39.0M	29.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate Other and Other Eliminations	–	–	–	- 54.0M	- 49.0M	- 69.0M	–	- 22.0M	- 19.0M	- 21.0M	–	- 15.0M	- 21.0M	- 25.0M	–	- 25.0M	- 20.0M	- 34.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	- 2.0M	- 2.0M	9.0M	–	9.0M

AES revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY24	Q2 FY24	Share
Energy Infrastructure	$1.5B	$1.3B	$1.6B	$1.5B	43%
Utilities	$1.0B	$1.1B	$961.0M	$896.0M	29%
Renewables	$939.0M	$820.0M	$726.0M	$596.0M	27%
Corporate Other and Other	$39.0M	$29.0M	–	–	1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

AES revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Non-regulated revenue	$2.4B	$2.1B	$2.3B	$1.9B	71%
Regulated Revenue	$995.0M	$1.1B	$1.1B	$933.0M	29%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are AES's business segments?

Energy Infrastructure, Utilities, Renewables and Corporate Other and Other (as reported for Q2 fiscal 2026).

Which business segment makes the most money for AES?

Energy Infrastructure: $1.50 billion, or 43% of revenue, in Q2 fiscal 2026.

What are AES's main products and services?

By revenue in Q2 fiscal 2026: Non-regulated revenue (71%) and Regulated Revenue (29%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.