American Electric Power Company, Inc. (AEP) Earnings History
Steady Earner32 years of earnings data (1994–2025) · Positive but moderate multi-year EPS trajectory
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American Electric Power Company, Inc. (AEP) Earnings Overview
As of July 7, 2026, American Electric Power Company, Inc. (AEP) reported trailing twelve-month net income of $3.65B, reflecting +19.4% year-over-year growth. The company earned $6.68 per diluted share over the past four quarters, with a net profit margin of 16.4%.
Looking at the long-term picture, AEP's 5-year EPS compound annual growth rate (CAGR) stands at +8.5%, showing solid earnings momentum. The company achieved its highest annual net income of $3.58B in fiscal 2025, representing a new all-time high.
American Electric Power Company, Inc. maintains industry-leading profitability with a gross margin of 31.8%, operating margin of 24.3%, and net margin of 16.4%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including EXC ($2.78B net income, 11.4% margin), DUK ($5.14B net income, 15.4% margin), SO ($4.36B net income, 14.7% margin), AEP has outperformed on profitability metrics. Compare AEP vs EXC →
AEP Earnings vs Peers
Earnings metrics vs comparable public companies
AEP Historical Earnings Data (1994–2025)
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $3.58B | +20.7% | $5.30B | $6.66 | 16.4% | 24.3% |
| 2024 | $2.97B | +34.4% | $4.76B | $5.58 | 14.9% | 23.9% |
| 2023 | $2.21B | -4.3% | $4.13B | $4.24 | 11.4% | 21.3% |
| 2022 | $2.31B | -7.3% | $3.40B | $4.49 | 11.9% | 17.6% |
| 2021 | $2.49B | +13.1% | $3.26B | $4.96 | 15.0% | 19.6% |
| 2020 | $2.20B | +14.5% | $2.98B | $4.42 | 14.8% | 20.0% |
| 2019 | $1.92B | -0.1% | $2.72B | $3.88 | 12.4% | 17.5% |
| 2018 | $1.92B | +0.6% | $2.71B | $3.90 | 11.9% | 16.8% |
| 2017 | $1.91B | +213.1% | $3.33B | $3.88 | 12.4% | 21.7% |
| 2016 | $611M | -70.2% | $3.41B | $1.24 | 3.7% | 20.9% |
| 2015 | $2.05B | +25.3% | $3.31B | $4.17 | 12.5% | 20.2% |
| 2014 | $1.63B | +10.4% | $3.13B | $3.34 | 9.6% | 18.5% |
| 2013 | $1.48B | +17.6% | $3.02B | $3.04 | 9.7% | 19.8% |
| 2012 | $1.26B | -35.3% | $2.96B | $2.60 | 8.5% | 19.9% |
| 2011 | $1.95B | +60.3% | $2.80B | $4.02 | 12.9% | 18.6% |
| 2010 | $1.21B | -10.7% | $2.57B | $2.53 | 8.5% | 18.0% |
| 2009 | $1.36B | -1.7% | $2.64B | $2.96 | 10.2% | 19.8% |
| 2008 | $1.38B | +27.0% | $2.50B | $3.42 | 9.6% | 17.4% |
| 2007 | $1.09B | +8.7% | $2.28B | $2.72 | 8.1% | 17.0% |
| 2006 | $1.00B | +23.1% | $2.11B | $2.53 | 7.9% | 16.7% |
| 2005 | $814M | -25.3% | $1.85B | $2.08 | 6.7% | 15.2% |
| 2004 | $1.09B | +890.0% | $1.98B | $2.75 | 7.6% | 13.9% |
| 2003 | $110M | +121.2% | $1.70B | $0.29 | 0.7% | 11.4% |
| 2002 | -$519M | -153.5% | $1.92B | $-1.56 | -3.9% | 14.3% |
| 2001 | $971M | +263.7% | $2.22B | $3.01 | 7.6% | 17.4% |
| 2000 | $267M | -72.5% | $2.00B | $0.83 | 0.7% | 5.5% |
| 1999 | $972M | -0.3% | $2.30B | $3.03 | 3.9% | 9.3% |
| 1998 | $975M | +90.8% | $2.28B | $5.10 | 8.2% | 19.3% |
| 1997 | $511M | -13.0% | $1.33B | $2.70 | 8.7% | 22.5% |
| 1996 | $587M | +10.9% | $1.35B | $3.14 | 10.0% | 23.1% |
| 1995 | $530M | +6.0% | $1.24B | $2.85 | 9.3% | 21.8% |
| 1994 | $500M | - | $1.15B | $2.71 | 9.1% | 20.9% |
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AEP — Frequently Asked Questions
Quick answers to the most common questions about buying AEP stock.
What is AEP earnings per share (EPS)?
AEP trailing twelve-month (TTM) diluted EPS is $6.68, reflecting +19.4% year-over-year growth. The 5-year EPS CAGR is +8.5%. Complete EPS history from 1994 to 2025 is available in the table on this page.
What is American Electric Power Company, Inc.'s net income?
American Electric Power Company, Inc. (AEP) trailing twelve-month net income is $3.7B as of 2025. Earnings grew +19.4% year-over-year. American Electric Power Company, Inc. has been profitable for 23 consecutive years.
Is AEP profitable?
Yes, AEP is profitable with a TTM net income of $3.7B and a net profit margin of +16.4%. American Electric Power Company, Inc. has generated profits for 23 consecutive years.
What is AEP's earnings growth rate?
AEP compound annual EPS growth rates (CAGR): 1-Year: +19.4%, 3-Year: +14.0%, 5-Year: +8.5%, 10-Year: +4.8%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1994 to 2025.
What are AEP's profit margins?
American Electric Power Company, Inc. net profit margin is +16.4%, operating margin is +24.3%, and gross margin is +31.8%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +12.1%.
Is AEP growing earnings?
Yes, AEP earnings are accelerating — EPS growth of +19.4% exceeds the 5-year CAGR of +8.5%. TTM net income reached $3.7B. Earnings momentum is strengthening.
What was AEP's best earnings year?
American Electric Power Company, Inc.'s highest annual net income on record is $3.6B, achieved in fiscal year 2025. Earnings history on this page spans 1994 to 2025 and includes all annual and quarterly figures.
What were AEP's earnings last quarter?
AEP's most recent reported quarter was Q1 2026. Net income was $874M with diluted EPS of $1.60. For a full breakdown of all quarters, see the quarterly earnings table on this page.