American Electric Power Company, Inc. (AEP)

AEP Income Statement

Revenue, expenses, and profitability analysis

AEP Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	8.953B	3.902B	459.000M	2.827B	1.764B	1.879B	1.484B	1.827B	1.270B
Revenue	22.164B	6.020B	5.046B	6.010B	5.088B	5.639B	4.704B	5.488B	4.628B
Cost of Goods Sold	13.211B	2.118B	4.587B	3.183B	3.323B	3.760B	3.221B	3.661B	3.358B
Gross Profit Margin	64.8%	64.8%	9.1%	47.0%	34.7%	33.3%	31.5%	33.3%	27.4%
Total Operating Expenses	3.751B	2.542B	-461.900M	1.306B	365.000M	422.000M	385.100M	407.200M	393.600M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	5.202B	1.360B	920.900M	1.521B	1.399B	1.457B	1.098B	1.420B	876.300M
Operating Margin	22.6%	22.6%	18.3%	25.3%	27.5%	25.8%	23.3%	25.9%	18.9%
Income Before Tax (EBT)	3.819B	922.000M	742.000M	1.118B	1.037B	927.700M	724.400M	999.200M	349.200M
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	2.086B	552.000M	534.500M	508.500M	490.700M	496.300M	464.000M	490.000M	466.700M
Other Income/Expense	-1.383B	-438.000M	-178.900M	-403.500M	-362.100M	-529.500M	-374.000M	-420.700M	-527.100M
Net Income	3.654B	874.000M	582.000M	972.000M	1.226B	800.200M	664.100M	959.600M	340.300M
Income Tax Expense	47.500M	44.000M	136.800M	117.600M	-250.900M	125.500M	58.500M	37.500M	6.700M
Net Profit Margin	14.5%	14.5%	11.5%	16.2%	24.1%	14.2%	14.1%	17.5%	7.4%
EBITDA	8.697B	2.128B	1.702B	2.506B	2.361B	2.219B	1.990B	2.325B	1.613B
EBITDA Margin	35.3%	35.3%	33.7%	41.7%	46.4%	39.4%	42.3%	42.4%	34.8%
Depreciation & Amortization	3.563B	907.000M	922.900M	879.600M	853.100M	833.400M	828.200M	852.700M	821.900M
EPS Basic	6.81	1.61	1.09	1.82	2.29	1.50	1.25	1.80	0.64
EPS Diluted	6.77	1.60	1.07	1.81	2.29	1.50	1.25	1.80	0.64
Shares Outstanding	542.079M	542.079M	518.904M	534.867M	534.284M	533.391M	530.093M	532.209M	528.899M
Diluted Shares Outstanding	547.054M	547.054M	520.206M	537.989M	536.426M	534.663M	531.338M	533.601M	530.141M

AEP Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	6.930B	6.357B	5.625B	4.870B	4.670B	4.276B	3.957B	3.855B
Revenue	21.783B	19.916B	19.381B	19.315B	16.623B	14.908B	15.536B	16.167B
Cost of Goods Sold	14.853B	13.559B	13.757B	14.445B	11.953B	10.632B	11.579B	12.312B
Gross Profit Margin	31.8%	31.9%	29.0%	25.2%	28.1%	28.7%	25.5%	23.8%
Total Operating Expenses	1.631B	1.596B	1.492B	1.470B	1.408B	1.296B	1.234B	1.143B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	5.299B	4.761B	4.132B	3.400B	3.263B	2.981B	2.723B	2.713B
Operating Margin	24.3%	23.9%	21.3%	17.6%	19.6%	20.0%	17.5%	16.8%
Income Before Tax (EBT)	3.825B	2.937B	2.267B	2.311B	2.604B	2.237B	1.907B	2.047B
Interest Income	—	—	—	—	—	—	—	11.600M
Interest Expense	2.030B	1.857B	1.809B	1.392B	1.193B	1.161B	1.071B	983.300M
Other Income/Expense	-1.474B	-1.824B	-1.865B	-1.089B	-659.000M	-743.700M	-815.700M	-666.000M
Net Income	3.580B	2.967B	2.208B	2.307B	2.488B	2.200B	1.921B	1.924B
Income Tax Expense	129.000M	-39.200M	54.600M	5.400M	115.500M	40.500M	-12.900M	115.300M
Net Profit Margin	16.4%	14.9%	11.4%	11.9%	15.0%	14.8%	12.4%	11.9%
EBITDA	8.788B	8.093B	7.205B	7.098B	6.751B	6.214B	5.646B	5.357B
EBITDA Margin	40.3%	40.6%	37.2%	36.8%	40.6%	41.7%	36.3%	33.1%
Depreciation & Amortization	3.489B	3.393B	3.187B	3.286B	3.046B	2.907B	2.740B	2.400B
EPS Basic	6.66	5.60	4.26	4.51	4.97	4.44	3.89	3.90
EPS Diluted	6.66	5.58	4.24	4.49	4.96	4.42	3.88	3.90
Shares Outstanding	518.904M	530.093M	518.904M	511.842M	500.522M	495.718M	493.694M	492.775M
Diluted Shares Outstanding	520.206M	531.338M	520.206M	513.485M	501.784M	497.227M	495.306M	493.758M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About American Electric Power Company, Inc.

American Electric Power Company, Inc. (AEP) operates as a prominent electric utility holding company, with its core business encompassing the generation, transmission, and delivery of electricity. Serving both retail and wholesale clients across the United States, AEP organizes its extensive operations into several key segments: Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing. The firm produces its electrical power from a diverse portfolio of energy sources, including coal, lignite, natural gas, nuclear, hydroelectric, solar, and wind power, alongside other emerging technologies. Beyond direct consumer sales, AEP also functions as a major wholesale electricity supplier, providing power to other utility companies, rural electric cooperatives, municipalities, and various other participants within the energy market. Incorporated in 1906, the company's corporate headquarters are situated in Columbus, Ohio.

Columbus, OH

16,330 employees

www.aep.com

Utilities / Regulated Electric

Sector: Utilities
Industry: Regulated Electric
CEO: William J. Fehrman

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