American Electric Power Company, Inc. (AEP) Financial Statements
American Electric Power financial statements at a glance
American Electric Power reported revenue of $21.88 billion for fiscal year 2025 (ended December 31, 2025), up 13.7% from fiscal year 2024. Net income was $3.58 billion, a net margin of 16.4%, and diluted earnings per share were $6.66.
At the end of fiscal year 2025 it had total assets of $114.46 billion, total liabilities of $82.24 billion and shareholders' equity of $31.14 billion, with cash and short-term investments of $417.00 million and total debt of $49.51 billion.
Its operations brought in $6.94 billion of cash; capital spending was $8.58 billion, leaving free cash flow of -$1.64 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 5 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
American Electric Power Company, Inc.
Income Statement
Annual • USD
American Electric Power key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $21.9B | $19.2B | $18.5B | $19.2B | $16.8B |
| Gross profit | $13.3B | – | – | – | $10.2B |
| Operating income | $5.4B | $4.3B | $3.6B | $3.5B | $3.4B |
| Net income | $3.6B | $3.0B | $2.2B | $2.3B | $2.5B |
| Diluted EPS | $6.66 | – | – | – | $4.96 |
| Total assets | $114.5B | $103.1B | $96.7B | $93.4B | $87.7B |
| Total liabilities | $82.2B | $76.1B | $71.4B | $69.5B | $65.0B |
| Shareholders' equity | $31.1B | $27.0B | $25.3B | $23.9B | $22.4B |
| Cash and short-term investments | $417.0M | – | – | – | $623.8M |
| Total debt | $49.5B | $45.3B | $43.2B | $40.9B | $36.7B |
| Operating cash flow | $6.9B | $6.8B | $5.0B | $5.3B | $3.8B |
| Capital spending | $8.6B | – | – | – | $5.8B |
| Free cash flow | -$1.6B | – | – | – | -$1.9B |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2020.
Questions and answers
What was American Electric Power's revenue in fiscal year 2025?
$21.88 billion, up 13.7% from $19.24 billion in fiscal year 2024.
How much profit does American Electric Power make?
American Electric Power reported net income of $3.58 billion for fiscal year 2025 (16.4% of revenue); operating income was $5.39 billion.
How much cash and debt does American Electric Power have?
At the end of fiscal year 2025: cash and short-term investments of $417.00 million and total debt of $49.51 billion.
What is American Electric Power's free cash flow?
-$1.64 billion in fiscal year 2025 (operating cash flow of $6.94 billion minus capital spending of $8.58 billion).
