How American Electric Power makes money

Period

FY2025

How does American Electric Power make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

American Electric Power Company Inc. · FY2025 · year ended 2025-12-31

Revenue$21.9BGross profit$21.7B · 100%Cost of revenue$0 · 0%Operating income$5.3B · 25%Operating expenses$16.4B · 75%Other opex$16.4B · 75%Pre-tax income$3.8B · 18%Other expense$1.5B · 7%Net income$3.7B · 17%Income tax$129M · 1%Electricity$12.6B · 58%Transmissionand Distribution Utilities Revenues$6.1B · 28%Generation & Marketing Revenues$2.7B · 12%Product & Service Other$526M · 2%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.