American Electric Power Company, Inc. (AEP) Revenue by Segment

American Electric Power revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), American Electric Power's largest business segment was Vertically Integrated Utilities, with $3.15 billion or 52% of revenue, up 4.5% from a year earlier. Next: Transmission and Distribution Companies (26%), Generation and Marketing (12%) and AEP Transmission Holdco (10%).

By product or service, Retail brought in 73%, Wholesale and Competitive brought in 24% and Other brought in 3% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Generation and Marketing (+23.3%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

American Electric Power Company, Inc.

AEPUtilities

United States

Utilities

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Vertically Integrated UtilitiesTransmission and Distribution CompaniesGeneration and MarketingTransmission OperationsAEP Transmission HoldcoAll other segmentsCorporate and otherOther Operating

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Vertically Integrated Utilities	USD 3.15B	52.2%	+4.5%
Transmission and Distribution Companies	USD 1.57B	26.0%	+8.4%
Generation and Marketing	USD 698.00M	11.6%	+23.3%
AEP Transmission Holdco	USD 617.00M	10.2%	-18.5%
Corporate and otheri	USD 28.00M		-6.7%
Reconciling itemsi	-USD 604.00M		–

Sum of items USD 6.04B; corporate items and eliminations -USD 576.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Vertically Integrated Utilities	3.2B	3.4B	3.1B	3.6B	3.0B	3.2B	2.7B	3.3B	2.6B	3.0B	–	3.2B	2.7B	2.9B	2.9B	3.2B	2.6B	2.7B	2.4B	2.8B	2.3B	–	2.1B	2.4B	2.1B	2.2B	2.2B	2.6B	2.1B	2.4B	2.3B	2.6B	2.3B	2.4B	–	2.5B
Transmission and Distribution Companies	1.6B	1.6B	1.5B	1.7B	1.4B	1.5B	1.4B	1.6B	1.4B	1.5B	–	1.5B	1.3B	1.5B	1.4B	1.5B	1.3B	1.2B	1.1B	1.2B	1.1B	4.2B	1.0B	1.2B	1.0B	1.1B	1.0B	1.2B	1.0B	1.2B	1.1B	1.2B	1.1B	1.2B	–	1.2B
Generation and Marketing	698.0M	952.0M	–	712.7M	566.0M	890.0M	522.0M	564.2M	518.4M	606.4M	–	566.7M	331.4M	327.0M	–	735.4M	659.6M	619.3M	471.8M	621.1M	436.6M	–	420.1M	490.0M	376.9M	438.6M	429.4M	533.7M	412.7M	481.8M	452.9M	521.6M	460.7M	505.1M	–	465.5M
Transmission Operations	–	–	–	–	–	–	–	–	–	–	–	476.7M	458.6M	455.5M	455.9M	430.9M	378.8M	411.4M	379.4M	391.6M	378.2M	–	321.0M	317.9M	249.7M	310.2M	264.9M	273.0M	278.9M	256.4M	–	187.2M	–	–	–	178.5M
AEP Transmission Holdco	617.0M	598.0M	504.8M	573.2M	757.0M	530.0M	493.1M	511.3M	502.8M	496.8M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	198.9M	187.2M	212.5M	205.5M	–	–
All other segments	–	–	–	–	–	–	–	–	–	–	–	57.2M	32.0M	30.1M	37.2M	28.3M	24.5M	19.9M	17.1M	26.7M	15.5M	25.5M	24.8M	32.6M	19.5M	19.9M	22.1M	24.4M	23.8M	25.5M	23.6M	–	–	–	–	–
Corporate and other	28.0M	31.0M	34.1M	35.9M	30.0M	43.0M	32.2M	37.4M	55.5M	60.9M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Operating	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	23.7M	23.8M	24.0M	–	31.3M

American Electric Power revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Vertically Integrated Utilities	$3.2B	$3.4B	$3.6B	$3.0B	52%
Transmission and Distribution Companies	$1.6B	$1.6B	$1.7B	$1.4B	26%
Generation and Marketing	$698.0M	$952.0M	$712.7M	$566.0M	12%
AEP Transmission Holdco	$617.0M	$598.0M	$573.2M	$757.0M	10%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

American Electric Power revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Retail	$4.0B	–	–	–	73%
Wholesale and Competitive	$1.3B	–	–	–	24%
Other	$174.0M	$130.0M	$125.2M	$158.0M	3%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are American Electric Power's business segments?

Vertically Integrated Utilities, Transmission and Distribution Companies, Generation and Marketing and AEP Transmission Holdco (as reported for Q2 fiscal 2026).

Which business segment makes the most money for American Electric Power?

Vertically Integrated Utilities: $3.15 billion, or 52% of revenue, in Q2 fiscal 2026.

What are American Electric Power's main products and services?

By revenue in Q2 fiscal 2026: Retail (73%), Wholesale and Competitive (24%) and Other (3%).

MoreAmerican Electric Power stock overview American Electric Power financials American Electric Power executive team American Electric Power shareholders

Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.