The AES (AES) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter declined compared to the prior quarter but rose relative to the same quarter last year. The sequential decrease follows a gain in the preceding period, while the year-over-year increase marks continued growth from the prior year.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the quarter declined compared to the prior quarter but rose relative to the same quarter last year. The sequential decrease follows a gain in the preceding period, while the year-over-year increase marks continued growth from the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-7.5%
Change from the immediately preceding quarter.
Year-over-year
+4.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2025 | $2.9B | -5.2% |
| Jun 30, 2025 | $2.9B | -3.0% |
| Sep 30, 2025 | $3.4B | +1.9% |
| Dec 31, 2025 | $3.1B | +4.7% |
Revenue performance
Reported revenue moved lower from the immediately preceding quarter, reversing the prior period's upward trajectory. Compared with the same quarter one year earlier, however, revenue was higher, extending a pattern of year-over-year growth.
Quarterly comparison
The sequential decline follows a quarter that saw revenue increase. On a year-ago basis, the quarter's revenue improved, consistent with the positive year-over-year change shown for the trailing twelve months.
What to watch
The shift from a sequential gain to a sequential decline may warrant monitoring in upcoming quarters.