American Electric Power revenue and financials

AEP · NASDAQ · USD

$121.67+1.62%+$1.94

Close · October 6, 2026

In the fiscal year ended December 2025, American Electric Power reported revenue of $21.88B (+10.93% year over year). Net income was $3.7B, a net margin of 16.9%.

Annual revenue · 2025: $21.88B

$16.38B2016
$15.42B2017
$16.2B2018
$15.56B2019
$14.92B2020
$16.79B2021
$19.64B2022
$18.98B2023
$19.72B2024
$21.88B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +10.93%; 2025 vs 2024
Net income growth: +24.19%; 2025 vs 2024
Net margin: 16.9%; 2024: 15.1%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	114,460	103,078	96,684	93,469	87,669	80,757	75,892	68,803	64,729	63,468
Current assets	6,052	5,789	6,082	9,419	7,809	4,352	4,078	4,114	4,253	6,034
Cash and equivalents	197	203	330	509	403	393	247	234	215	211
Short-term investments	220	215	214	188	220	—	—	—	—	—
Receivables	2,952	2,670	2,604	2,767	—	—	—	—	—	—
Inventory	1,622	1,715	1,880	1,350	—	—	—	—	—	—
Net property, plant and equipment	93,035	82,996	77,314	73,985	66,580	64,768	61,096	55,099	50,262	45,639
Goodwill	53.0	53.0	52.5	52.5	52.5	52.5	52.5	52.5	52.5	52.5
Long-term investments	5,849	4,949	4,197	3,787	—	—	—	—	—	—
Current liabilities	13,314	13,009	11,584	14,567	12,427	9,927	10,299	8,649	8,271	9,498
Accounts payable	3,429	2,638	2,033	2,671	—	—	—	—	—	—
Long-term debt	47,322	42,643	40,143	35,623	33,455	31,073	26,726	23,347	21,173	20,256
Total debt	48,184	43,474	41,091	37,825	34,546	32,241	28,001	23,636	21,471	20,562
Total liabilities	82,204	76,054	71,356	69,301	64,945	59,938	55,871	49,635	46,404	46,048
Total equity (incl. minority)	32,218	26,986	25,286	24,122	22,680	—	—	—	—	—
Retained earnings	15,441	13,869	12,800	12,346	11,667	10,688	9,901	9,325	8,627	7,892
Minority interest	1,080	42.0	39.2	229	247	224	347	100	26.6	23.1