American Electric Power Company, Inc. (AEP)

AEP Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	22,433	21,876	19,721	18,982	19,640	16,792
Revenue Growth (YoY)	11.28%	10.93%	3.89%	-3.35%	16.96%	12.56%
Fuel and Purchased Power Expense	7,296	7,031	5,936	6,578	7,098	5,466
Operations and Maintenance Expenses	4,539	4,449	4,452	4,087	4,128	3,670
Gross Profit	10,597	10,396	9,333	8,317	8,414	7,656
Depreciation & Amortization Expenses	3,454	3,380	3,290	3,090	3,203	2,826
Taxes Other than Income Tax	1,652	1,631	1,596	1,492	1,470	1,408
Other Operating Expenses	97	66	143	179	258.8	11.6
Operating Income	5,395	5,319	4,304	3,556	3,483	3,411
Interest Income	486.4	484	431	455	212.8	350
Interest Expense	-2,083	-2,026	-1,863	-1,807	-1,396	-1,199
Other Non-Operating Income (Expense)	46.2	48	65	64	11.6	41.4
Total Non-Operating Income (Expense)	-1,551	-1,494	-1,367	-1,288	-1,172	-807.7
Pretax Income	3,844	3,825	2,937	2,268	2,311	2,604
Provision for Income Taxes	47.5	129	-39	55	5.4	115.5
Net Income	3,629	3,580	2,967	2,208	2,307	2,488
Minority Interest in Earnings	230.8	217	103	64	-111	91.7
Net Income to Common	3,629	3,580	2,967	2,208	2,307	2,488
Net Income Growth	33.12%	20.66%	34.38%	-4.30%	-7.27%	13.09%
Shares Outstanding (Basic)	538	541	530	519	512	501
Shares Outstanding (Diluted)	541	541	531	520	514	502
Shares Change (YoY)	1.45%	1.80%	2.13%	1.31%	2.33%	0.92%
EPS (Basic)	6.80	6.62	5.60	4.26	4.51	4.97
EPS (Diluted)	6.78	6.62	5.58	4.24	4.49	4.96
EPS Growth	30.56%	18.62%	31.60%	-5.57%	-9.48%	12.22%
Shares Outstanding	543.97	540.86	532.91	526.19	513.87	504.21
Free Cash Flow	-2,163	-1,639	-967	-2,494	-1,484	-1,924
Free Cash Flow Per Share	-4.00	-3.03	-1.82	-4.79	-2.89	-3.83
Dividends Per Share	3.760	3.740	3.570	3.370	3.170	3.000
Dividend Growth	0.53%	4.76%	5.93%	6.31%	5.67%	5.63%
Gross Margin	47.24%	47.52%	47.33%	43.82%	42.84%	45.59%
Operating Margin	24.05%	24.31%	21.82%	18.73%	17.73%	20.32%
Profit Margin	16.93%	16.90%	15.09%	11.66%	11.74%	14.82%
FCF Margin	-9.64%	-7.49%	-4.90%	-13.14%	-7.56%	-11.46%
EBITDA	8,759	8,718	7,518	6,743	6,768	6,458
EBITDA Margin	39.05%	39.85%	38.12%	35.52%	34.46%	38.46%
EBIT	5,395	5,319	4,304	3,556	3,483	3,411
EBIT Margin	24.05%	24.31%	21.82%	18.73%	17.73%	20.32%
Effective Tax Rate	1.24%	3.37%	-1.33%	2.43%	0.23%	4.44%

Updated May 5, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q