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American Electric Power Co Inc (AEP) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

UTILITIES · Electric Utilities · DATA UPDATED 2026-07-13

American Electric Power Co Inc (AEP) operates in the Electric Utilities industry and is headquartered in Columbus, United States with about 17,581 employees. Its market capitalization is roughly $74 billion. In the fiscal year ended 2025-12-31, AEP reported $21.8B in revenue and $3.6B in net income.

American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States.

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AEP Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$22.2B	$21.8B	$19.9B	$19.4B	$19.3B	$16.6B	$14.9B	$15.5B	$16.2B	$15.4B	$16.3B	$16.4B	$16.9B	$15.3B	$14.9B	$15.1B	$14.3B	$13.3B	$14.4B	$13.4B	$12.6B
Gross Profit	$9.0B	$6.9B	$6.4B	$5.6B	$4.9B	$4.7B	$4.3B	$4.0B	$3.9B	$4.4B	$4.4B	$4.3B	$4.0B	$3.9B	$3.8B	$3.6B	$3.4B	$3.4B	$3.3B	$3.0B	$2.8B
Gross Margin %	40.4%	31.8%	31.9%	29.0%	25.2%	28.1%	28.7%	25.5%	23.8%	28.5%	27.1%	26.1%	23.9%	25.6%	25.6%	24.1%	23.7%	25.5%	22.6%	22.7%	22.5%
Operating Income (EBIT)	$5.2B	$5.3B	$4.8B	$4.1B	$3.4B	$3.3B	$3.0B	$2.7B	$2.7B	$3.3B	$3.4B	$3.3B	$3.1B	$3.0B	$3.0B	$2.8B	$2.6B	$2.6B	$2.5B	$2.3B	$2.1B
Operating Margin %	23.5%	24.3%	23.9%	21.3%	17.6%	19.6%	20.0%	17.5%	16.8%	21.7%	20.9%	20.2%	18.5%	19.8%	19.9%	18.6%	17.9%	19.8%	17.4%	17.0%	16.7%
Net Income	$3.7B	$3.6B	$3.0B	$2.2B	$2.3B	$2.5B	$2.2B	$1.9B	$1.9B	$1.9B	$611M	$2.0B	$1.6B	$1.5B	$1.3B	$1.9B	$1.2B	$1.4B	$1.4B	$1.1B	$1.0B
Net Margin %	16.5%	16.4%	14.9%	11.4%	11.9%	15.0%	14.8%	12.4%	11.9%	12.4%	3.7%	12.5%	9.7%	9.7%	8.5%	12.9%	8.5%	10.2%	9.6%	8.1%	7.9%
EBITDA	$8.7B	$9.3B	$8.1B	$7.2B	$7.1B	$6.8B	$6.2B	$5.6B	$5.4B	$5.8B	$3.4B	$5.6B	$5.4B	$4.9B	$4.7B	$5.1B	$4.6B	$4.6B	$4.5B	$4.1B	$3.8B
Earnings Per Share (EPS)	$6.81	$6.88	$5.58	$4.24	$4.49	$4.96	$4.42	$3.88	$3.90	$3.88	$1.24	$4.17	$3.34	$3.04	$2.60	$4.03	$2.53	$2.96	$3.43	$2.72	$2.53
Shares Outstanding (M)	547M	520M	531M	520M	513M	502M	497M	495M	494M	493M	492M	491M	489M	487M	485M	482M	480M	459M	404M	400M	396M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AEP Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$6.0B	$5.0B	$6.0B	$5.1B	$5.6B	$4.7B	$5.5B	$4.6B
Gross Profit	$3.9B	$459M	$2.8B	$1.8B	$1.9B	$1.5B	$1.8B	$1.3B
Gross Margin %	64.8%	9.1%	47.0%	34.7%	33.3%	31.5%	33.3%	27.4%
Operating Income (EBIT)	$1.4B	$921M	$1.5B	$1.4B	$1.5B	$1.1B	$1.4B	$876M
Operating Margin %	22.6%	18.2%	25.3%	27.5%	25.8%	23.4%	25.9%	18.9%
Net Income	$874M	$582M	$972M	$1.2B	$800M	$664M	$960M	$340M
Net Margin %	14.5%	11.5%	16.2%	24.1%	14.2%	14.1%	17.5%	7.3%
EBITDA	$2.1B	$1.7B	$2.5B	$2.4B	$2.2B	$2.0B	$2.3B	$1.6B
Earnings Per Share (EPS)	$1.60	$1.12	$1.81	$2.29	$1.50	$1.25	$1.80	$0.64
Shares Outstanding (M)	547M	520M	538M	536M	535M	531M	534M	530M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AEP Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	$7.0B	$6.9B	$6.8B	$5.0B	$5.3B	$3.8B	$3.8B	$4.3B	$5.2B	$4.3B	$4.5B	$4.8B	$4.6B	$4.1B	$3.8B	$3.8B	$2.7B	$2.5B	$2.6B	$2.4B	$2.7B
Capital Expenditures (CapEx)	$7.7B	$130M	$7.8B	$7.5B	$6.8B	$5.8B	$6.3B	$6.1B	$6.4B	$5.8B	$4.9B	$4.6B	$4.2B	$3.8B	$3.1B	$2.8B	$2.4B	$2.8B	$3.8B	$3.6B	$3.5B
Free Cash Flow (FCF)	($644M)	$6.8B	($966M)	($2.5B)	($1.5B)	($1.9B)	($2.5B)	($1.9B)	($1.1B)	($1.5B)	($390M)	$218M	$363M	$328M	$672M	$1.0B	$226M	($317M)	($1.2B)	($1.2B)	($796M)
FCF Margin %	-2.9%	31.3%	-4.9%	-12.9%	-7.7%	-11.6%	-16.7%	-12.1%	-7.0%	-9.9%	-2.4%	1.3%	2.1%	2.1%	4.5%	6.7%	1.6%	-2.4%	-8.5%	-8.7%	-6.3%
Dividends Paid	$2.0B	$2.0B	$1.9B	$1.8B	$1.6B	$1.5B	$1.4B	$1.4B	$1.3B	$1.2B	$1.1B	$1.1B	$993M	$954M	$916M	$900M	$827M	$761M	$663M	$630M	$591M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AEP Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$1.5B	$1.8B	$2.5B	$1.2B	$1.4B	$1.7B	$2.2B	$1.5B
Capital Expenditures (CapEx)	$2.8B	$2.1B	$665M	$2.1B	$2.1B	$2.5B	$1.9B	$1.6B
Free Cash Flow (FCF)	($1.3B)	($246M)	$1.8B	($869M)	($686M)	($776M)	$294M	($131M)
FCF Margin %	-22.0%	-4.9%	29.9%	-17.1%	-12.2%	-16.5%	5.3%	-2.8%
Dividends Paid	$520M	$510M	$497M	$500M	$501M	$496M	$471M	$469M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

AEP Balance Sheet History

Balance sheet	2026-03-31	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$117.8B	$117.2B	$103.1B	$96.7B	$93.4B	$87.7B	$80.8B	$75.9B	$68.8B	$64.7B	$63.5B	$61.7B	$59.6B	$56.4B	$54.4B	$52.2B	$50.5B	$48.3B	$45.2B	$40.4B	$38.0B
Cash & Cash Equivalents	$306M	$268M	$203M	$330M	$509M	$403M	$393M	$247M	$234M	$215M	$210M	$176M	$163M	$118M	$279M	$221M	$294M	$579M	$497M	$178M	$726M
Total Liabilities	$84.8B	$85.0B	$76.1B	$71.4B	$69.3B	$65.0B	$60.0B	$56.0B	$49.7B	$46.4B	$46.0B	$43.8B	$42.8B	$40.3B	$39.1B	$37.6B	$36.8B	$35.2B	$34.4B	$30.3B	$28.6B
Total Debt (Short + Long-Term)	$51.2B	$49.0B	$45.3B	$43.1B	$40.3B	$36.2B	$33.8B	$29.8B	$25.3B	$22.8B	$22.0B	$20.4B	$20.0B	$19.1B	$18.7B	$18.6B	$18.2B	$17.9B	$18.3B	$15.9B	$13.9B
Total Shareholders' Equity	$31.8B	$31.1B	$26.9B	$25.2B	$23.9B	$22.4B	$20.6B	$19.6B	$19.1B	$18.3B	$17.4B	$17.9B	$16.8B	$16.1B	$15.2B	$14.7B	$13.6B	$13.1B	$10.8B	$10.1B	$9.4B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive AEP viewer.

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PEG · Public Service Enterprise Group — $40 billion
WEC · WEC Energy Group — $38 billion

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