American Electric Power Company Inc. (AEP) reported $22.43B of revenue for the twelve months ended Mar 31, 2026. That is up 9.3% from the year before. Revenue for fiscal 2025 was $21.88B.

Yes. American Electric Power Company Inc. earned $3.72B in net income for the twelve months ended Mar 31, 2026, a net margin of 16.6%.

How much cash and debt does AEP have?

American Electric Power Company Inc. reported $306.00M in cash and cash equivalents and $49.55B of debt on its most recent balance sheet in SEC filings.

How fast is AEP revenue growing?

American Electric Power Company Inc.'s revenue changed +9.5% in fiscal 2025, to $21.88B. Its compound annual growth rate was +8.0% over 5 years and +2.9% over 10 years.

What is AEP free cash flow?

American Electric Power Company Inc. generated $2.60B of free cash flow for the twelve months ended Mar 31, 2026, which is operating cash flow of $7.01B less capital expenditures.

What is AEP earnings per share?

Diluted earnings per share were $6.76 for the twelve months ended Mar 31, 2026, from SEC filings, restated for any stock split those filings show.

When did AEP last report financial results?

The latest statements here come from American Electric Power Company Inc.'s 10-Q filed on May 5, 2026, covering the period ended Mar 31, 2026.

Financials · AEP

American Electric Power Company Inc. (AEP) financials

For the twelve months ended Mar 31, 2026, American Electric Power Company Inc. reported $22.43B of revenue and $3.72B of net income.

Revenue, TTM: $22.43B
Revenue growth, YoY: +9.3%
Net income, TTM: $3.72B
Net income growth, YoY: +34.4%
Net margin: 16.6%
Free cash flow, TTM: $2.60B
EPS, diluted, TTM: $6.76
EPS growth, YoY: +30.5%
Cash: $306.00M
Total debt: $49.55B
P/E: 18.57
P/S: 3.08
Market cap: $69.03B

Annual revenue$21.88B

FY2016FY2025

Annual net income$3.58B

FY2016FY2025

Annual free cash flow$3.49B

FY2016FY2025

AEP revenue and earnings growth

AEP revenueQ1 2026$6.02B

Quarter YoY: +6.9%
QoQ: +13.3%
FY YoY: +9.5%
5Y CAGR: +8.0%
10Y CAGR: +2.9%

AEP revenue was $6.02B in fiscal Q1 2026 (ended Mar 31, 2026), up 6.9% from a year earlier and up 13.3% from the prior quarter. For the full fiscal 2025 it was $21.88B, up 9.5% from fiscal 2024. Compound annual growth was +8.0% over 5 years and +2.9% over 10 years. It rose in 5 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

AEP net incomeQ1 2026$874.00M

Quarter YoY: +9.3%
QoQ: +50.2%
FY YoY: +20.7%
5Y CAGR: +10.2%
10Y CAGR: +5.7%

AEP net income was $874.00M in fiscal Q1 2026 (ended Mar 31, 2026), up 9.3% from a year earlier and up 50.2% from the prior quarter. For the full fiscal 2025 it was $3.58B, up 20.7% from fiscal 2024. Compound annual growth was +10.2% over 5 years and +5.7% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

AEP EPSQ1 2026$1.60

Quarter YoY: +6.7%
QoQ: +50.9%
FY YoY: +19.4%
5Y CAGR: +8.5%
10Y CAGR: +4.8%

AEP diluted EPS was $1.60 in fiscal Q1 2026 (ended Mar 31, 2026), up 6.7% from a year earlier and up 50.9% from the prior quarter. For the full fiscal 2025 it was $6.66, up 19.4% from fiscal 2024. Compound annual growth was +8.5% over 5 years and +4.8% over 10 years.

AEP free cash flowQ1 2026$554.00M

Quarter YoY: -61.8%
QoQ: 32x
FY YoY: -45.5%
5Y CAGR: -1.9%
10Y CAGR: -3.0%

AEP free cash flow was $554.00M in fiscal Q1 2026 (ended Mar 31, 2026), down 61.8% from a year earlier and up about 32-fold from the prior quarter. For the full fiscal 2025 it was $3.49B, down 45.5% from fiscal 2024. Compound annual growth was -1.9% over 5 years and -3.0% over 10 years.

Export CSV

Income statement

Income statement
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue	$21.88B	$19.97B	$19.46B	$19.64B	$16.79B	$14.92B	$15.56B	$16.20B	$15.42B	$16.38B
Operating income	$5.32B	$4.30B	$3.56B	$3.48B	$3.41B	$2.99B	$2.59B	$2.68B	$3.52B	$1.16B
Interest expense	$2.03B	$1.86B	$1.81B	$1.40B	$1.20B	$1.17B	$1.07B	$984.40M	$895.00M	$877.20M
Pre-tax income	$3.83B	$2.94B	$2.27B	$2.31B	$2.60B	$2.23B	$1.90B	$2.04B	$2.90B	$546.80M
Income tax	$129.00M	-$39.00M	$55.00M	$5.40M	$115.50M	$40.50M	-$12.90M	$115.30M	$969.70M	-$73.70M
Net income	$3.58B	$2.97B	$2.21B	$2.31B	$2.49B	$2.20B	$1.92B	$1.92B	$1.91B	$610.90M
EPS, basic	$6.70	$5.60	$4.26	$4.51	$4.97	$4.44	$3.89	$3.90	$3.89	$1.24
EPS, diluted	$6.66	$5.58	$4.24	$4.49	$4.96	$4.42	$3.88	$3.90	$3.88	$1.24
Diluted shares	537.5M	531.3M	520.2M	513.5M	501.8M	497.2M	495.3M	493.8M	492.6M	491.7M

Balance sheet

Balance sheet
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Cash and equivalents	$197.00M	$246.00M	$379.00M	$557.00M	$451.40M	$438.30M	$432.60M	$444.10M	$412.60M	$403.50M
Short-term investments	$220.00M	$215.00M	$214.30M	$187.60M	$220.40M	$200.80M	$202.70M	$159.10M	$161.70M	$138.70M
Receivables	$2.87B	$2.63B	$2.45B	$2.67B	$1.94B	$1.84B	$1.71B	$1.93B	$1.89B	$1.92B
Current assets	$6.05B	$5.79B	$6.08B	$6.78B	$7.81B	$4.35B	$4.08B	$4.11B	$4.25B	$6.03B
Goodwill	$53.00M	$53.00M	$52.50M	$52.50M	$52.50M	$52.50M	$52.50M	$52.50M	$52.50M	$52.50M
Total assets	$114.46B	$103.08B	$96.68B	$93.40B	$87.67B	$80.76B	$75.89B	$68.80B	$64.73B	$63.47B
Current liabilities	$13.31B	$13.01B	$11.58B	$13.27B	$12.43B	$9.93B	$10.30B	$8.65B	$8.27B	$9.50B
Short-term debt	$3.19B	$3.33B	$2.49B	$2.49B	$2.15B	$2.09B	$1.60B	$1.70B	$1.75B	$2.88B
Long-term debt	$44.13B	$39.31B	$37.65B	$34.31B	$31.30B	$28.99B	$25.13B	$21.65B	$19.42B	$17.38B
Total debt	$47.32B	$42.64B	$40.14B	$36.80B	$33.45B	$31.07B	$26.73B	$23.35B	$21.17B	$20.26B
Total liabilities	$82.20B	$76.05B	$71.36B	$69.23B	$64.95B	$59.94B	$55.87B	$49.63B	$46.40B	$46.05B
Shareholders' equity	$31.14B	$26.99B	$25.29B	$24.12B	$22.68B	$20.77B	$19.91B	$19.06B	$18.31B	$17.42B

Cash flow

Cash flow
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Operating cash flow	$6.94B	$6.80B	$5.01B	$5.29B	$3.84B	$3.83B	$4.27B	$5.22B	$4.27B	$4.52B
Capital expenditures	$3.45B	$399.00M	$155.00M	-	-	$0	$918.40M	$0	$0	$107.90M
Free cash flow	$3.49B	$6.41B	$4.86B	-	-	$3.83B	$3.35B	$5.22B	$4.27B	$4.41B
Investing cash flow	-$11.94B	-$7.60B	-$6.27B	-$7.75B	-$6.43B	-$6.23B	-$7.14B	-$6.35B	-$3.66B	-$5.05B
Financing cash flow	$5.02B	$659.00M	$1.08B	$2.57B	$2.61B	$2.41B	$2.86B	$1.16B	-$604.90M	$503.90M
Dividends paid	$2.01B	$1.90B	$1.75B	$1.65B	-$1.52B	$1.42B	$1.35B	$1.26B	$1.19B	$1.12B
Depreciation and amortization	$3.33B	$3.15B	$2.93B	$3.07B	-	-	-	-	-	-

Key ratios

Key ratios
Line item	FY2025 Dec 31, 2025	FY2024 Dec 31, 2024	FY2023 Dec 31, 2023	FY2022 Dec 31, 2022	FY2021 Dec 31, 2021	FY2020 Dec 31, 2020	FY2019 Dec 31, 2019	FY2018 Dec 31, 2018	FY2017 Dec 31, 2017	FY2016 Dec 31, 2016
Revenue growth, YoY	9.5%	2.6%	-0.9%	17.0%	12.6%	-4.1%	-3.9%	5.0%	-5.8%	-0.4%
Net income growth, YoY	20.7%	34.4%	-4.3%	-7.3%	13.1%	14.5%	-0.1%	0.6%	213.1%	-70.2%
EPS growth, YoY	19.4%	31.6%	-5.6%	-9.5%	12.2%	13.9%	-0.5%	0.5%	212.9%	-70.3%
Operating margin	24.3%	21.6%	18.3%	17.7%	20.3%	20.0%	16.7%	16.6%	22.9%	7.1%
Net margin	16.4%	14.9%	11.3%	11.7%	14.8%	14.7%	12.3%	11.9%	12.4%	3.7%
Free cash flow margin	16.0%	32.1%	25.0%	-	-	25.7%	21.5%	32.3%	27.7%	26.9%
Return on equity	11.5%	11.0%	8.7%	9.6%	11.0%	10.6%	9.6%	10.1%	10.4%	3.5%
Return on assets	3.1%	2.9%	2.3%	2.5%	2.8%	2.7%	2.5%	2.8%	3.0%	1.0%
Current ratio	0.45	0.44	0.53	0.51	0.63	0.44	0.40	0.48	0.51	0.64
Debt to equity	1.52	1.58	1.59	1.53	1.48	1.50	1.34	1.22	1.16	1.16

Income statement

Income statement
Line item	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023	Q3 2023 Sep 30, 2023	Q2 2023 Jun 30, 2023
Revenue	$6.02B	$5.32B	$6.01B	$5.09B	$5.63B	$4.76B	$5.47B	$4.66B	$5.08B	$5.05B	$5.34B	$4.37B
Operating income	$1.36B	$1.11B	$1.52B	$1.40B	$1.28B	$1.10B	$1.35B	$683.90M	$1.17B	$623.20M	$1.35B	$874.70M
Interest expense	$552.00M	$533.10M	$508.50M	$489.50M	$495.00M	$463.00M	$498.80M	$465.60M	$435.60M	$461.00M	$470.30M	$460.00M
Pre-tax income	$922.00M	$800.80M	$1.12B	$1.02B	$889.00M	$791.80M	$981.90M	$324.00M	$839.30M	$350.90M	$1.00B	$525.30M
Income tax	$44.00M	$115.70M	$138.70M	-$250.90M	$125.00M	$58.70M	$37.50M	$6.70M	-$141.90M	-$48.20M	$64.20M	$28.60M
Net income	$874.00M	$582.00M	$972.00M	$1.29B	$800.00M	$664.00M	$959.60M	$342.50M	$1.01B	$333.20M	$958.30M	$516.10M
EPS, basic	$1.61	$1.09	$1.82	$2.29	$1.50	$1.25	$1.80	$0.64	$1.91	$0.65	$1.83	$1.01
EPS, diluted	$1.60	$1.06	$1.81	$2.29	$1.50	$1.24	$1.80	$0.64	$1.90	$0.63	$1.83	$1.01
Diluted shares	547.1M	-	538.0M	536.4M	534.7M	-	533.6M	530.1M	527.6M	-	521.4M	516.2M

Balance sheet

Balance sheet
Line item	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023	Q3 2023 Sep 30, 2023	Q2 2023 Jun 30, 2023
Cash and equivalents	$306.00M	$197.00M	$1.07B	$227.30M	$292.00M	$246.00M	$299.20M	$247.90M	$281.80M	$379.00M	$407.10M	$350.70M
Short-term investments	$210.00M	$220.00M	$225.40M	$212.00M	$206.80M	$215.00M	$228.60M	$225.70M	$217.00M	$214.30M	$211.00M	$202.50M
Receivables	$2.97B	$2.87B	$2.83B	$2.80B	$2.62B	$2.63B	$2.60B	$2.65B	$2.42B	$2.45B	$2.56B	$2.39B
Current assets	$6.62B	$6.05B	$6.86B	$6.32B	$5.94B	$5.79B	$6.02B	$6.65B	$5.85B	$6.08B	$6.74B	$8.04B
Goodwill	$53.00M	$53.00M	$52.50M	$52.50M	$52.50M	$53.00M	$52.50M	$52.50M	$52.50M	$52.50M	$52.50M	$52.50M
Total assets	$117.78B	$114.46B	$110.25B	$107.78B	$104.39B	$103.08B	$100.12B	$99.62B	$97.74B	$96.68B	$95.13B	$96.00B
Current liabilities	$12.59B	$13.31B	$10.00B	$11.44B	$14.24B	$13.01B	$10.65B	$10.16B	$10.91B	$11.58B	$11.28B	$13.27B
Short-term debt	$2.70B	$3.19B	$1.90B	$3.21B	$4.18B	$3.33B	$2.83B	$2.07B	$1.20B	$2.49B	$2.77B	$3.38B
Long-term debt	$46.85B	$44.13B	$44.24B	$41.31B	$38.81B	$39.31B	$39.15B	$39.99B	$38.64B	$37.65B	$36.72B	$36.76B
Total debt	$49.55B	$47.32B	$46.14B	$44.53B	$42.99B	$42.64B	$41.97B	$42.06B	$39.84B	$40.14B	$39.49B	$40.14B
Total liabilities	$84.75B	$82.20B	$78.71B	$76.76B	$76.98B	$76.05B	$73.39B	$73.39B	$71.85B	$71.36B	$69.70B	$71.81B
Shareholders' equity	$31.81B	$31.14B	$30.39B	$30.97B	$27.36B	$26.99B	$26.66B	$26.18B	$25.84B	$25.29B	$25.35B	$24.12B

Cash flow

Cash flow
Line item	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023	Q3 2023 Sep 30, 2023	Q2 2023 Jun 30, 2023
Operating cash flow	$1.52B	$1.81B	$2.46B	$1.22B	$1.45B	$1.73B	$2.17B	$1.46B	$1.44B	$1.34B	$1.79B	$1.16B
Capital expenditures	$965.00M	$1.80B	$298.00M	$1.36B	$0	$399.00M	$0	-	-	-	-	-
Free cash flow	$554.00M	$17.50M	$2.16B	-$138.20M	$1.45B	$1.33B	$2.17B	-	-	-	-	-
Investing cash flow	-$3.57B	-$4.19B	-$2.40B	-$3.25B	-$2.10B	-$2.83B	-$1.52B	-$1.58B	-$1.67B	-$1.62B	-$378.00M	-$2.02B
Financing cash flow	$2.12B	$1.54B	$770.30M	$2.01B	$698.00M	$1.05B	-$601.60M	$84.50M	$129.90M	$258.60M	-$1.36B	$813.70M
Dividends paid	$520.00M	$510.10M	$497.40M	$500.50M	$500.00M	$495.30M	$466.70M	$469.10M	$466.90M	$458.20M	$430.20M	$431.80M

Key ratios

Key ratios
Line item	Q1 2026 Mar 31, 2026	Q4 2025* Dec 31, 2025	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024* Dec 31, 2024	Q3 2024 Sep 30, 2024	Q2 2024 Jun 30, 2024	Q1 2024 Mar 31, 2024	Q4 2023* Dec 31, 2023	Q3 2023 Sep 30, 2023	Q2 2023 Jun 30, 2023
Revenue growth, YoY	6.9%	11.7%	9.9%	9.2%	10.7%	-5.8%	2.4%	6.5%	8.4%	3.5%	-3.3%	-5.8%
Net income growth, YoY	9.3%	-12.3%	1.3%	276.1%	-20.5%	99.3%	0.1%	-33.6%	151.2%	-68.8%	84.0%	-0.9%
EPS growth, YoY	6.7%	-14.5%	0.6%	257.8%	-21.1%	96.8%	-1.6%	-36.6%	146.8%	-	37.6%	-1.0%
Operating margin	22.6%	21.0%	25.3%	27.5%	22.8%	23.0%	24.7%	14.7%	23.1%	12.3%	25.3%	20.0%
Net margin	14.5%	10.9%	16.2%	25.3%	14.2%	14.0%	17.5%	7.4%	19.8%	6.6%	17.9%	11.8%
Free cash flow margin	9.2%	0.3%	36.0%	-2.7%	25.8%	27.9%	39.7%	-	-	-	-	-
Current ratio	0.53	0.45	0.69	0.55	0.42	0.44	0.57	0.65	0.54	0.53	0.60	0.61
Debt to equity	1.56	1.52	1.52	1.44	1.57	1.58	1.57	1.61	1.54	1.59	1.56	1.66

Source: XBRL data American Electric Power Company Inc. files with the SEC, latest filing dated May 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

AEP peers

Company	Revenue	Growth	Net income	Net margin	Market cap
AEP	$22.43B	+9.3%	$3.72B	16.6%	$69.03B
NEENextEra Energy Inc.	$27.87B	+10.3%	$8.18B	29.4%	$185.09B
SOSouthern Company	$30.17B	+7.9%	$4.34B	14.4%	$107.37B
CEGConstellation Energy Corporation	$31.27B	+26.0%	$3.48B	11.1%	$84.91B
DDominion Energy Inc.	$17.52B	+17.5%	$2.95B	16.9%	$61.25B
ETREntergy Corporation	$13.29B	+11.4%	$1.79B	13.4%	$52.70B
VSTVistra Corp.	$19.60B	+4.1%	$2.22B	11.3%	$37.89B
FTSFortis Inc.	C$12.17B	+5.8%	C$1.71B	14.1%	$31.56B
DTEDTE Energy Company	$16.52B	+20.9%	$1.26B	7.7%	$28.06B

AEP FAQ

8 questions

What is AEP revenue?
American Electric Power Company Inc. (AEP) reported $22.43B of revenue for the twelve months ended Mar 31, 2026. That is up 9.3% from the year before. Revenue for fiscal 2025 was $21.88B.
Is AEP profitable?
Yes. American Electric Power Company Inc. earned $3.72B in net income for the twelve months ended Mar 31, 2026, a net margin of 16.6%.
How much cash and debt does AEP have?
American Electric Power Company Inc. reported $306.00M in cash and cash equivalents and $49.55B of debt on its most recent balance sheet in SEC filings.
How fast is AEP revenue growing?
American Electric Power Company Inc.'s revenue changed +9.5% in fiscal 2025, to $21.88B. Its compound annual growth rate was +8.0% over 5 years and +2.9% over 10 years.
What is AEP free cash flow?
American Electric Power Company Inc. generated $2.60B of free cash flow for the twelve months ended Mar 31, 2026, which is operating cash flow of $7.01B less capital expenditures.
What is AEP earnings per share?
Diluted earnings per share were $6.76 for the twelve months ended Mar 31, 2026, from SEC filings, restated for any stock split those filings show.
When did AEP last report financial results?
The latest statements here come from American Electric Power Company Inc.'s 10-Q filed on May 5, 2026, covering the period ended Mar 31, 2026.
Where does this AEP financial data come from?
Quantisnow builds these statements from the structured XBRL data American Electric Power Company Inc. files with the SEC. It is provided for information only and is not investment advice.