American Electric Power Co Inc (AEP) Financial Statements
Industry: Electric Services
In fiscal 2025, American Electric Power reported revenue of $21.88B, up 10.9% from $19.72B the year before. Net income was $3.58B (a 16.4% net margin), or $6.66 per diluted share. Gross margin was 24.3% and operating margin was 24.3%. Operating activities generated $6.94B of cash, leaving $3.49B of free cash flow. At fiscal year end, American Electric Power held $114.46B in total assets against $82.20B in total liabilities, including $197.0M of cash and equivalents.
Open the full interactive American Electric Power financials → Quarterly statements, key ratios, valuation history and price charts.
American Electric Power Key Stats
| Share Price | $125.65 |
|---|---|
| Market Cap | $69.19B |
| P/E Ratio | 18.9 |
| Revenue YoY Growth | +10.9% |
| 52-Week Range | $111.15 – $137.64 |
| Shares Outstanding | 544.2 million (basic, 2026 Q2) |
American Electric Power Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $14.92B | $16.79B | $19.64B | $18.98B | $19.72B | $21.88B |
| Cost of Goods Sold | — | — | — | — | $15.42B | $16.56B |
| Gross Profit | — | — | — | — | $4.30B | $5.32B |
| Operating Income | $2.99B | $3.41B | $3.48B | $3.56B | $4.30B | $5.32B |
| Pre-Tax Income | $2.23B | $2.60B | $2.31B | $2.27B | $2.94B | $3.83B |
| Income Tax | $40.5M | $115.5M | $5.4M | $54.6M | -$39.2M | $129.0M |
| Net Income | $2.20B | $2.49B | $2.31B | $2.21B | $2.97B | $3.58B |
| Diluted EPS | $4.42 | $4.96 | $4.49 | $4.24 | $5.58 | $6.66 |
American Electric Power Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $6.01B | $5.32B | $6.02B | $5.45B |
| Net Income | $972.0M | $582.0M | $874.0M | $713.0M |
| Diluted EPS | $1.81 | $1.08 | $1.60 | $1.30 |
American Electric Power Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $392.7M | $403.4M | $509.4M | $330.1M | $202.9M | $197.0M |
| Current Assets | $4.35B | $7.81B | $9.42B | $6.08B | $5.79B | $6.05B |
| Total Assets | $80.76B | $87.67B | $93.47B | $96.68B | $103.08B | $114.46B |
| Current Liabilities | $9.93B | $12.43B | $14.57B | $11.58B | $13.01B | $13.31B |
| Total Long-Term Debt | $31.07B | $33.45B | $35.62B | $40.14B | $42.64B | $47.32B |
| Total Liabilities | $59.94B | $64.95B | $69.30B | $71.36B | $76.05B | $82.20B |
| Shareholders' Equity | $20.55B | $22.43B | $23.89B | $25.25B | $26.94B | $31.14B |
American Electric Power Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.83B | $3.84B | $5.29B | $5.01B | $6.80B | $6.94B |
| Cash From Investing | -$6.23B | -$6.43B | -$7.75B | -$6.27B | -$7.60B | -$11.94B |
| Cash From Financing | $2.41B | $2.61B | $2.57B | $1.08B | $659.2M | $5.02B |
| Free Cash Flow | $3.83B | — | — | — | — | $3.49B |
Figures from American Electric Power's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full American Electric Power financials page for every line item.
American Electric Power Company Profile
| Ticker | AEP |
|---|---|
| Industry | Electric Services |
| Headquarters | Columbus, Ohio |
| Incorporated in | New York |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0000004904 |
Frequently Asked Questions
What was American Electric Power's revenue in fiscal 2025?
American Electric Power (AEP) reported revenue of $21.88B for fiscal 2025.
What is American Electric Power's annual revenue history?
American Electric Power's annual revenue by fiscal year: 2020: $14.92B; 2021: $16.79B; 2022: $19.64B; 2023: $18.98B; 2024: $19.72B; 2025: $21.88B.
What was American Electric Power's net income in fiscal 2025?
American Electric Power reported net income of $3.58B for fiscal 2025.
What was American Electric Power's earnings per share (EPS) in fiscal 2025?
American Electric Power's diluted EPS was $6.66 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did American Electric Power generate in fiscal 2025?
American Electric Power generated $3.49B of free cash flow in fiscal 2025.
What was American Electric Power's revenue last quarter?
In its most recent reported quarter (2026 Q2), American Electric Power reported revenue of $5.45B.
How much debt does American Electric Power have?
American Electric Power reported $47.32B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of American Electric Power are outstanding?
American Electric Power reported a weighted average of 544.2 million basic shares outstanding in 2026 Q2.
What is American Electric Power's market cap?
Based on its latest closing price, American Electric Power (AEP) has a market capitalization of about $69.19B.
When does American Electric Power's fiscal year end?
American Electric Power's fiscal year end, as registered with the SEC, is December 31.
Where is American Electric Power headquartered?
American Electric Power lists its business address in Columbus, Ohio in its SEC filings.