AEP
$127.14+2.29%
as of close, Oct 16, 2026
☾ AH $127.14 +2.29%
American Electric Power Company Inc.Stock · UtilitiesNasdaq-100 0.3%S&P 500 Equal Weight 0.2%Nasdaq Composite 0.1%S&P 500 0.1%Russell 1000 0.1%US Stock Market 0.1%Russell 3000 0.1%MSCI World 0.07%MSCI ACWI 0.07%
AEP financial statements
The full income statement, balance sheet, and cash-flow statement for American Electric Power Company Inc. (AEP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 532.1M2024-09 532.6M2024-12 532.9M2025-03 534.2M2025-06 534.8M2025-09 535.3M2025-12 540.9M2026-03 544.1M2026-06 544.4M+2.3% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 21.7B+8.7% | 20.0B+2.6% | 19.5B+0.3% | 19.4B+15.5% | 16.8B+12.6% | |
| Total operating expenses | — | — | 15.4B-4.5% | 16.2B+20.7% | 13.4B+12.2% | |
| Operating income | 5.32B+23.6% | 4.30B+21.0% | 3.56B+2.1% | 3.48B+2.1% | 3.41B+14.2% | |
| Interest expense | 2.03B+8.7% | 1.86B+3.1% | 1.81B+29.4% | 1.40B+16.4% | 1.20B+2.9% | |
| Other non-operating income | 48.0M-26.2% | 65.0M+1.6% | 64.0M+451.7% | 11.6M-72.0% | 41.4M-27.4% | |
| Equity-method income | 101M+7.4% | 94.0M+59.3% | 59.0M+153.9% | -109M-219.3% | 91.7M+0.7% | |
| Pre-tax income | 3.83B+30.2% | 2.94B+29.5% | 2.27B-1.8% | 2.31B-11.2% | 2.60B+16.4% | |
| Income tax | 129M+430.8% | -39.0M-170.9% | 55.0M+918.5% | 5.40M-95.3% | 116M+185.2% | |
| 3.70B+24.2% | 2.98B+34.5% | 2.21B-4.0% | 2.31B-7.3% | 2.49B+13.3% | ||
| Net income to non-controlling interest | 116M+1188.9% | 9.00M+80.0% | 5.00M+412.5% | -1.60M | 0.00+100.0% | |
| Net income to common | 3.58B+20.7% | 2.97B+34.4% | 2.21B-4.3% | 2.31B-7.3% | 2.49B+13.1% | |
| $6.66+19.4% | $5.58+31.6% | $4.24-5.6% | $4.49-9.5% | $4.96+12.2% | ||
| EPS (basic) | $6.70+19.6% | $5.60+31.5% | $4.26-5.5% | $4.51-9.3% | $4.97+11.9% | |
| Weighted-avg shares (basic) | 535M+0.8% | 530M+2.2% | 519M+1.4% | 512M+2.3% | 501M+1.0% | |
| Weighted-avg shares (diluted) | 537M+1.2% | 531M+2.1% | 520M+1.3% | 513M+2.3% | 502M+0.9% | |
| Dividends per share | $3.74+4.8% | $3.57+5.9% | $3.37+6.3% | $3.17+5.7% | $3.00+5.6% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.05B+4.5% | 5.79B-4.8% | 6.08B-10.2% | 6.78B-13.2% | 7.81B+79.5% | ||
| Cash & equivalents | 197M-3.0% | 203M-38.5% | 330M-35.2% | 509M+26.3% | 403M+2.7% | |
| Short-term investments | 220M+2.3% | 215M+0.3% | 214M+14.2% | 188M-14.9% | 220M+9.8% | |
| Accounts receivable | 2.87B+8.9% | 2.63B+7.5% | 2.45B-8.3% | 2.67B+37.4% | 1.94B+5.4% | |
| Prepaid expenses | 212M-26.1% | 287M+4.7% | 274M+7.5% | 255M+96.5% | 130M+2.2% | |
| 114B+11.0% | 103B+6.6% | 96.7B+3.5% | 93.4B+6.5% | 87.7B+8.6% | ||
| Property, plant & equipment | 736M+2.9% | 715M+26.7% | 564M-99.2% | 73.3B+11.1% | 66.0B+3.3% | |
| Operating lease right-of-use | 661M+14.0% | 580M-6.5% | 620M-3.9% | 646M+11.6% | 578M-33.3% | |
| Goodwill | 53.0M+0.0% | 53.0M+1.0% | 52.5M+0.0% | 52.5M+0.0% | 52.5M+0.0% | |
| Other non-current assets | 16.0B+7.8% | 14.9B+6.9% | 13.9B+270.2% | 3.76B-14.6% | 4.40B+14.2% | |
| Total non-current assets | — | — | 13.9B+4.7% | 13.3B-4.1% | 13.9B+10.8% | |
| 13.3B+2.3% | 13.0B+12.3% | 11.6B-12.7% | 13.3B+6.8% | 12.4B+25.2% | ||
| Accounts payable | 3.43B+30.0% | 2.64B+29.8% | 2.03B-23.9% | 2.67B+30.0% | 2.05B+20.2% | |
| Deferred revenue | 507M+11.4% | 455M+7.4% | 424M | — | — | |
| Short-term & current debt | 3.19B-4.2% | 3.33B+33.9% | 2.49B+0.2% | 2.49B+15.4% | 2.15B+3.2% | |
| Current lease liability | 100M+8.7% | 92.0M-20.5% | 116M+1.8% | 114M+16.4% | 97.6M-59.6% | |
| Other current liabilities | 1.90B+27.4% | 1.49B+19.1% | 1.25B-2.1% | 1.28B-6.6% | 1.37B+9.4% | |
| Finance lease liability (current) | 43.0M-8.5% | 47.0M-28.5% | 65.7M | — | — | |
| 82.2B+8.1% | 76.1B+6.6% | 71.4B+3.1% | 69.2B+6.6% | 64.9B+8.4% | ||
| Long-term debt | 44.1B+12.3% | 39.3B+4.4% | 37.7B+9.7% | 34.3B+9.6% | 31.3B+8.0% | |
| Non-current lease liability | 578M+14.7% | 504M-3.0% | 519M-6.0% | 553M+12.1% | 493M-22.8% | |
| Operating lease liability (total) | 678M+13.8% | 596M-6.2% | 635M-4.7% | 666M+12.8% | 590M-32.9% | |
| Finance lease liability (total) | 155M-5.5% | 164M-20.2% | 206M-8.9% | 226M-54.9% | 501M+73.2% | |
| Finance lease liability | 112M-4.3% | 117M-16.4% | 140M | — | — | |
| Deferred tax liabilities | 11.0B+9.8% | 9.97B+5.9% | 9.42B+5.8% | 8.90B+8.5% | 8.20B-0.5% | |
| Other non-current liabilities | 905M+13.0% | 801M+46.8% | 546M-10.1% | 607M+1.0% | 601M-17.4% | |
| Total non-current liabilities | 68.9B+9.3% | 63.0B+5.5% | 59.8B+6.8% | 56.0B+6.6% | 52.5B+5.0% | |
| 31.1B+15.6% | 26.9B+6.7% | 25.2B+5.7% | 23.9B+6.5% | 22.4B+9.2% | ||
| Common stock | 3.52B+1.5% | 3.47B+1.3% | 3.43B+0.4% | 3.41B+0.1% | 3.41B+1.5% | |
| Additional paid-in capital | 12.1B+26.4% | 9.61B+5.9% | 9.07B+12.7% | 8.05B+12.2% | 7.17B+8.9% | |
| Retained earnings | 15.4B+11.3% | 13.9B+8.3% | 12.8B+3.7% | 12.3B+5.8% | 11.7B+9.2% | |
| Accumulated other comprehensive income | 36.0M+1300.0% | -3.00M+94.6% | -55.5M-166.3% | 83.7M-54.7% | 185M+317.2% | |
| Non-controlling interest | 1.08B+2471.4% | 42.0M+7.1% | 39.2M-82.9% | 229M-7.3% | 247M+10.5% | |
| Total equity incl. non-controlling | 32.2B+19.4% | 27.0B+6.7% | 25.3B+4.8% | 24.1B+6.4% | 22.7B+9.2% | |
| Total liabilities & equity | 114B+11.0% | 103B+6.6% | 96.7B+3.5% | 93.4B+6.5% | 87.7B+8.6% | |
| Common shares issued | 542M+1.5% | 534M+1.3% | 527M+0.4% | 525M+0.1% | 524M+1.5% | |
| Shares outstanding (cover) | 541M+1.5% | 533M+1.3% | 526M+2.4% | 514M+1.9% | 504M+1.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 6.94B+2.1% | 6.80B+35.8% | 5.01B-5.2% | 5.29B+37.7% | 3.84B+0.2% | ||
| Depreciation & amortization | 3.33B+5.6% | 3.15B+7.6% | 2.93B-4.7% | 3.07B+13.1% | 2.72B+9.2% | |
| Deferred income taxes | 311M+436.2% | 58.0M-68.6% | 185M+234.8% | -137M-227.5% | 108M-45.1% | |
| Change in receivables | 246M+57.7% | 156M+166.1% | -236M-134.6% | 682M | — | |
| Change in inventory | -115M+33.1% | -172M-134.1% | 504M+60.6% | 314M+204.6% | -300M-310.1% | |
| Change in payables | 252M+196.5% | 85.0M+133.6% | -253M-151.7% | 489M+143.9% | 201M+668.3% | |
| -11.9B-57.2% | -7.60B-21.2% | -6.27B+19.2% | -7.75B-20.5% | -6.43B-3.2% | ||
| Capital expenditure | 3.45B+765.4% | 399M+157.4% | 155M | — | — | |
| Free cash flow | 3.49B-45.5% | 6.41B+31.9% | 4.86B | — | — | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 2.98B+2.0% | 2.92B+2.1% | 2.86B+2.9% | 2.78B+42.4% | 1.96B+16.5% | |
| Sales/maturities of investments | 2.94B+2.0% | 2.88B+3.0% | 2.79B+1.9% | 2.74B+44.3% | 1.90B+15.6% | |
| Proceeds from sale of PP&E | — | — | -1.34B-515.3% | -218M-283.3% | 119M+67.2% | |
| Other investing activities | -118M+17.5% | -143M-17.2% | -122M-142.5% | -50.3M-56.2% | -32.2M+29.2% | |
| 5.02B+661.3% | 659M-38.8% | 1.08B-58.1% | 2.57B-1.5% | 2.61B+8.3% | ||
| Long-term debt issued | 8.26B+61.4% | 5.12B-6.3% | 5.46B+17.5% | 4.65B-28.3% | 6.49B+15.3% | |
| Long-term debt repaid | 3.65B+35.9% | 2.69B+22.3% | 2.20B-6.4% | 2.35B-21.5% | 2.99B+123.1% | |
| Common stock issued | 775M+40.4% | 552M-44.8% | 1.00B+21.0% | 827M+37.6% | 601M+287.4% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 2.01B+5.8% | 1.90B+8.3% | 1.75B+6.5% | 1.65B+8.3% | 1.52B+6.6% | |
| Other financing activities | -8.00M+84.0% | -50.0M+37.5% | -80.0M+24.1% | -105M-153.4% | -41.6M+53.2% | |
| Interest paid | 1.89B+3.0% | 1.84B+9.8% | 1.67B+30.1% | 1.29B+13.1% | 1.14B+10.5% | |
| Income taxes paid | -84.0M-21.7% | -69.0M-187.5% | -24.0M-120.5% | 117M+784.8% | 13.2M+126.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 62.4B+26.9% | 49.2B+15.1% | 42.7B-12.5% | 48.8B+8.8% | 44.9B+8.5% | |
| P/E | 16.9×+2.2% | 16.5×-10.8% | 18.5×+23.7% | 15.0×-16.9% | 18.0×-4.2% | |
| P/S | 2.9×+16.8% | 2.5×+11.7% | 2.2×+5.8% | 2.1×-22.1% | 2.7×-3.6% | |
| P/B | 2.0×+9.8% | 1.8×+8.1% | 1.7×-16.0% | 2.0×+0.5% | 2.0×-0.6% | |
| P/FCF | 17.9×+132.8% | 7.7×-31.1% | 11.1×-12.5% | 12.7×+8.8% | 11.7×+8.5% | |
| Earnings yield | 5.9%-2.1% | 6.1%+12.2% | 5.4%-19.2% | 6.7%+20.4% | 5.5%+4.4% | |
| FCF yield | 5.6%-57.0% | 13.0%+45.2% | 9.0%+14.2% | 7.9%-8.1% | 8.5%-7.8% | |
| Dividend yield | 3.2%-16.2% | 3.9%-6.7% | 4.1%+24.3% | 3.3%-1.0% | 3.4%-1.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: AEP’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AEP filings on SEC EDGAR → Not investment advice.