Aes annual capital expenditures (capex)
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Aes Capital Expenditures (CapEx) Growth & History (AES)
Aes's capital expenditures (capex) was $5.93B for fiscal 2025.
View full Aes company overviewAes annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $5.93B | −$1.46B | −19.79% |
| 2024 | 2024-12-31 | $7.39B | −$332.0M | −4.30% |
| 2023 | 2023-12-31 | $7.72B | $3.17B | +69.72% |
| 2022 | 2022-12-31 | $4.55B | $2.44B | +115.08% |
| 2021 | 2021-12-31 | $2.12B | $216.0M | +11.37% |
| 2020 | 2020-12-31 | $1.90B | −$505.0M | −21.00% |
| 2019 | 2019-12-31 | $2.40B | $284.0M | +13.39% |
| 2018 | 2018-12-31 | $2.12B | −$56.0M | −2.57% |
| 2017 | 2017-12-31 | $2.18B | −$168.0M | −7.16% |
| 2016 | 2016-12-31 | $2.35B | $37.0M | +1.60% |
| 2015 | 2015-12-31 | $2.31B | $292.0M | +14.48% |
| 2014 | 2014-12-31 | $2.02B | $28.0M | +1.41% |
| 2013 | 2013-12-31 | $1.99B | −$120.0M | −5.69% |
| 2012 | 2012-12-31 | $2.11B | −$322.0M | −13.25% |
| 2011 | 2011-12-31 | $2.43B | $120.0M | +5.19% |
| 2010 | 2010-12-31 | $2.31B | −$210.0M | −8.33% |
| 2009 | 2009-12-31 | $2.52B | −$330.0M | −11.58% |
| 2008 | 2008-12-31 | $2.85B | $425.0M | +17.53% |
| 2007 | 2007-12-31 | $2.42B | — | — |
Aes quarterly capital expenditures (capex)
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Q1.09
Q2.09
Q3.09
Q4.09
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Q2.10
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Q4.10
Q1.11
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Q3.16
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Q2.22
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Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.64B | $311.0M | +23.35% |
| Q1 2026 | 2026-03-31 | $1.77B | $512.0M | +40.83% |
| Q4 2025 | 2025-12-31 | $1.53B | −$192.0M | −11.12% |
| Q3 2025 | 2025-09-30 | $1.81B | −$24.0M | −1.31% |
| Q2 2025 | 2025-06-30 | $1.33B | −$353.0M | −20.95% |
| Q1 2025 | 2025-03-31 | $1.25B | −$894.0M | −41.62% |
| Q4 2024 | 2024-12-31 | $1.73B | −$702.0M | −28.90% |
| Q3 2024 | 2024-09-30 | $1.83B | −$67.0M | −3.53% |
| Q2 2024 | 2024-06-30 | $1.69B | −$160.0M | −8.67% |
| Q1 2024 · Mar 31 | 2024-03-31 | $2.15B | $597.0M | +38.49% |
| Q4 2023 | 2023-12-31 | $2.43B | $589.0M | +32.01% |
| Q3 2023 | 2023-09-30 | $1.90B | $847.0M | +80.51% |
| Q2 2023 | 2023-06-30 | $1.84B | $952.0M | +106.61% |
| Q1 2023 | 2023-03-31 | $1.55B | $785.0M | +102.48% |
| Q4 2022 | 2022-12-31 | $1.84B | $1.26B | +216.15% |
| Q3 2022 | 2022-09-30 | $1.05B | $517.0M | +96.64% |
| Q2 2022 | 2022-06-30 | $893.0M | $326.0M | +57.50% |
| Q1 2022 | 2022-03-31 | $766.0M | $334.0M | +77.31% |
| Q4 2021 | 2021-12-31 | $582.0M | $57.0M | +10.86% |
| Q3 2021 | 2021-09-30 | $535.0M | $122.0M | +29.54% |
| Q2 2021 | 2021-06-30 | $567.0M | $181.0M | +46.89% |
| Q1 2021 | 2021-03-31 | $432.0M | −$144.0M | −25.00% |
| Q4 2020 | 2020-12-31 | $525.0M | — | — |
| Q3 2020 | 2020-09-30 | $413.0M | −$145.0M | −25.99% |
| Q2 2020 | 2020-06-30 | $386.0M | −$180.0M | −31.80% |
| Q1 2020 | 2020-03-31 | $576.0M | $72.0M | +14.29% |
| Q3 2019 | 2019-09-30 | $558.0M | −$40.0M | −6.69% |
| Q2 2019 | 2019-06-30 | $566.0M | $67.0M | +13.43% |
| Q1 2019 | 2019-03-31 | $504.0M | $9.0M | +1.82% |
| Q3 2018 | 2018-09-30 | $598.0M | $134.0M | +28.88% |
| Q2 2018 | 2018-06-30 | $499.0M | −$150.0M | −23.11% |
| Q1 2018 | 2018-03-31 | $495.0M | $21.0M | +4.43% |
| Q3 2017 | 2017-09-30 | $464.0M | −$51.0M | −9.90% |
| Q2 2017 | 2017-06-30 | $649.0M | $34.0M | +5.53% |
| Q1 2017 | 2017-03-31 | $474.0M | −$166.0M | −25.94% |
| Q4 2016 | 2016-12-31 | $575.0M | — | — |
| Q3 2016 | 2016-09-30 | $515.0M | −$4.0M | −0.77% |
| Q2 2016 | 2016-06-30 | $615.0M | $66.0M | +12.02% |
| Q1 2016 | 2016-03-31 | $640.0M | $21.0M | +3.39% |
| Q3 2015 | 2015-09-30 | $519.0M | $38.0M | +7.90% |
| Q2 2015 | 2015-06-30 | $549.0M | $40.0M | +7.86% |
| Q1 2015 | 2015-03-31 | $619.0M | $220.0M | +55.14% |
| Q3 2014 | 2014-09-30 | $481.0M | $17.0M | +3.66% |
| Q2 2014 | 2014-06-30 | $509.0M | $44.0M | +9.46% |
| Q1 2014 | 2014-03-31 | $399.0M | −$2.0M | −0.50% |
| Q4 2013 | 2013-12-31 | $658.0M | $131.0M | +24.86% |
| Q3 2013 | 2013-09-30 | $464.0M | −$46.0M | −9.02% |
| Q2 2013 | 2013-06-30 | $465.0M | −$27.0M | −5.49% |
| Q1 2013 | 2013-03-31 | $401.0M | −$178.0M | −30.74% |
| Q4 2012 | 2012-12-31 | $527.0M | −$71.0M | −11.87% |
| Q3 2012 | 2012-09-30 | $510.0M | −$303.0M | −37.27% |
| Q2 2012 | 2012-06-30 | $492.0M | −$48.0M | −8.89% |
| Q1 2012 | 2012-03-31 | $579.0M | $100.0M | +20.88% |
| Q4 2011 | 2011-12-31 | $598.0M | −$184.0M | −23.53% |
| Q3 2011 | 2011-09-30 | $813.0M | $287.0M | +54.56% |
| Q2 2011 | 2011-06-30 | $540.0M | $31.0M | +6.09% |
| Q1 2011 | 2011-03-31 | $479.0M | −$14.0M | −2.84% |
| Q4 2010 | 2010-12-31 | $782.0M | $27.0M | +3.58% |
| Q3 2010 | 2010-09-30 | $526.0M | −$46.0M | −8.04% |
| Q2 2010 | 2010-06-30 | $509.0M | −$110.0M | −17.77% |
| Q1 2010 | 2010-03-31 | $493.0M | −$81.0M | −14.11% |
| Q4 2009 | 2009-12-31 | $755.0M | — | — |
| Q3 2009 | 2009-09-30 | $572.0M | −$6.0M | −1.04% |
| Q2 2009 | 2009-06-30 | $619.0M | — | — |
| Q1 2009 | 2009-03-31 | $574.0M | — | — |
| Q3 2008 | 2008-09-30 | $578.0M | — | — |
Aes capital expenditures (capex) trends
Over the last five fiscal years, Aes's capital expenditures (capex) increased from $1.90B to $5.93B, a change of $4.03B. The latest reported quarter, Q2 2026, shows $1.64B.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Aes source filings ↗