Ameren Corporation (AEE) Income Statement

NYSE: AEERevenue, profits, margins and EPS over 10 years.

AEE 2025 at a glance

Fiscal year ended December 31, 2025 · U.S. dollars
Revenue+15.4%
$8.80B
2025 · hover or tap a bar for each year
2016: $6.08B (−0.4%)2017: $6.17B (+1.6%)2018: $6.29B (+1.9%)2019: $5.91B (−6.1%)2020: $5.79B (−2.0%)2021: $6.39B (+10.4%)2022: $7.96B (+24.4%)2023: $7.50B (−5.7%)2024: $7.62B (+1.6%)2025: $8.80B (+15.4%)
20162025
Gross profit−28.7%
$2.60B
2025 · hover or tap a bar for each year
2016: $2.63B (+1.4%)2017: $2.78B (+5.7%)2018: $2.79B (+0.4%)2019: $2.74B (−1.9%)2020: $2.86B (+4.2%)2021: $2.99B (+4.7%)2022: $3.34B (+11.8%)2023: $3.47B (+3.7%)2024: $3.65B (+5.4%)2025: $2.60B (−28.7%)
20162025
Operating income+33.6%
$2.03B
2025 · hover or tap a bar for each year
2016: $1.32B (+5.0%)2017: $1.41B (+6.7%)2018: $1.36B (−3.8%)2019: $1.27B (−6.6%)2020: $1.30B (+2.6%)2021: $1.33B (+2.5%)2022: $1.51B (+13.7%)2023: $1.56B (+2.8%)2024: $1.52B (−2.7%)2025: $2.03B (+33.6%)
20162025
Net income+23.2%
$1.46B
2025 · hover or tap a bar for each year
2016: $653.0M (+3.7%)2017: $523.0M (−19.9%)2018: $815.0M (+55.8%)2019: $828.0M (+1.6%)2020: $871.0M (+5.2%)2021: $990.0M (+13.7%)2022: $1.07B (+8.5%)2023: $1.15B (+7.3%)2024: $1.18B (+2.6%)2025: $1.46B (+23.2%)
20162025
EPS (diluted)+9.6%
$5.03
2025 · hover or tap a bar for each year
2016: $2.69 (+3.9%)2017: $2.21 (−17.8%)2018: $3.37 (+52.5%)2019: $3.35 (−0.6%)2020: $3.50 (+4.5%)2021: $3.84 (+9.7%)2022: $4.14 (+7.8%)2023: $4.37 (+5.6%)2024: $4.59 (+5.0%)2025: $5.03 (+9.6%)
20162025
Net profit margin+1.0 pts
16.5%
2025 · hover or tap a point for each year
2016: 10.7% (+0.4 pts)2017: 8.5% (−2.3 pts)2018: 13.0% (+4.5 pts)2019: 14.0% (+1.1 pts)2020: 15.0% (+1.0 pts)2021: 15.5% (+0.5 pts)2022: 13.5% (−2.0 pts)2023: 15.4% (+1.9 pts)2024: 15.5% (+0.1 pts)2025: 16.5% (+1.0 pts)
20162025

AEE revenue and net income

RevenueNet incomeNet margin (right axis)

Where AEE's revenue goes

2025
Revenue
$8.80B100.0%
Cost of revenue
−$6.20B−70.4%
Gross profit
$2.60B29.6%
Other operating expenses
−$577.0M−6.6%
Operating income
$2.03B23.0%
Interest & other expense
−$429.0M−4.9%
Income taxes
−$136.0M−1.5%
Net income
$1.46B16.5%

Each bar shows an amount and its share of revenue. AEE kept 16.5% of revenue as net income.

AEE profit margins

GrossOperatingNet

AEE growth rates

to 2025
1 year3 years5 years10 years
Revenue+15.4%+3.4%+8.7%+3.7%
Gross profit−28.7%−8.0%−1.9%+0.0%
Operating income+33.6%+10.2%+9.3%+4.9%
Net income+23.2%+10.7%+10.8%+8.7%
EPS (diluted)+9.6%+6.7%+7.5%+6.9%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

AEE quarterly EPS vs estimates

Reported EPSAnalyst estimate

Ameren beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $2.29).

AEE income statement

2025202420232022202120202019201820172016
Revenue$8.80B$7.62B$7.50B$7.96B$6.39B$5.79B$5.91B$6.29B$6.17B$6.08B
Cost of revenue$6.20B$3.97B$4.03B$4.61B$3.40B$2.94B$3.17B$3.50B$3.39B$3.44B
Gross profit$2.60B$3.65B$3.47B$3.34B$2.99B$2.86B$2.74B$2.79B$2.78B$2.63B
Research & development———————$0$0$0
Sales, general & admin——$885.0M$552.0M$408.0M$483.0M$270.0M$70.0M$44.0M$56.0M
Total operating expenses$577.0M$2.14B$1.91B$1.83B$1.66B$1.56B$1.48B$1.44B$1.37B$1.31B
Operating income$2.03B$1.52B$1.56B$1.51B$1.33B$1.30B$1.27B$1.36B$1.41B$1.32B
Interest income$776.0M$41.0M$35.0M$486.0M$383.0M$390.0M$33.0M$33.0M$34.0M$40.0M
Interest expense$776.0M$663.0M$566.0M$486.0M$383.0M$419.0M$381.0M$401.0M$391.0M$382.0M
Income before taxes$1.60B$1.27B$1.34B$1.25B$1.15B$1.03B$1.02B$1.06B$1.10B$1.04B
Income taxes$136.0M$83.0M$183.0M$176.0M$157.0M$155.0M$182.0M$237.0M$576.0M$382.0M
Net income$1.46B$1.18B$1.15B$1.07B$990.0M$871.0M$828.0M$815.0M$523.0M$653.0M
EBITDA$4.04B$3.54B$3.41B$3.18B$2.81B$2.60B$2.48B$2.49B$2.45B$2.35B
EPS (diluted)$5.03$4.59$4.37$4.14$3.84$3.50$3.35$3.37$2.21$2.69
Gross margin29.6%47.9%46.2%42.0%46.8%49.3%46.4%44.4%45.1%43.4%
Operating margin23.0%19.9%20.8%19.0%20.8%22.4%21.4%21.6%22.8%21.8%
Net margin16.5%15.5%15.4%13.5%15.5%15.0%14.0%13.0%8.5%10.7%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AEE's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

AEE financial results

In fiscal year 2025 (ended December 31, 2025), Ameren reported revenue of $8.8 billion, up 15.4% from the year before. It had net income of $1.5 billion (up 23.2%), a net profit margin of 16.5%. Diluted earnings per share came to $5.03. Over five years revenue grew at an average rate of 8.7% a year.

See the AEE stock overview for the latest quote and news, or the AEE chart for price history and technical indicators.

AEE income statement FAQ

What is Ameren's annual revenue?

Ameren reported total revenue of $8.8 billion for fiscal year 2025, which ended on December 31, 2025. That was up 15.4% from $7.6 billion the previous year.

Is Ameren profitable?

Yes. Ameren reported net income of $1.5 billion in fiscal 2025, a net profit margin of 16.5%; its operating margin was 23.0%.

What is Ameren's gross margin?

Ameren's gross margin was 29.6% in fiscal 2025: for every $100 of revenue, Ameren kept $30 after the direct cost of its products and services.

How fast is Ameren growing?

Revenue grew 8.7% a year on average over the last five fiscal years, from $5.8 billion to $8.8 billion.

What are Ameren's earnings per share?

Ameren earned $5.03 per diluted share in fiscal 2025, compared with $4.59 a year earlier.

When will Ameren report its next earnings?

Ameren is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.

When does Ameren's fiscal year end?

Ameren's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.

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