The financials
American Electric Power by the numbers
American Electric Power (AEP) reported revenue of $6.02B in Q1 2026 (quarter ended March 31, 2026), up 10% from the same quarter a year earlier. That came with a gross margin of 65% and net income of $903M (15% of revenue). For the full year FY2025, revenue was $21.9B (+11% year on year) and net income $3.70B. Its largest product in 2026-Q1 was Electric Generation Transmission Distribution at $1.07B, 18.2% of the disclosed total, just ahead of Electricity Transmission And Distribution at 18.2%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $6.02B | $5.46B | +10% |
| Gross profit | $3.90B | $3.61B | +8.1% |
| Operating income | $1.36B | $1.28B | +5.9% |
| Net income | $903M | $802M | +13% |
| Diluted EPS | $1.60 | $1.50 | +6.7% |
| Product | Revenue | Share |
|---|---|---|
| Electric Generation Transmission Distribution | $1.07B | 18% |
| Electricity Transmission And Distribution | $1.07B | 18% |
| Generation And Marketing | $931M | 16% |
| Commercial | $799M | 14% |
| Industrial | $649M | 11% |
| Wholesaleand Competitive | $525M | 8.9% |
| Wholesale Generation | $362M | 6.2% |
| Wholesale Transmission | $163M | 2.8% |
| Product And Service Other | $130M | 2.2% |
| Electric Transmission | $110M | 1.9% |
| Other Retail | $59M | 1.0% |
| Sales To Affiliates | $2.0M | 0.0% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $5.87B (+8.0%)
Sales To Affiliates grew +100% year on yearElectric Generation Transmission Distribution -2.5% year on year
Segment Latestquarter on quarteryear on year
- Electric Generation Transmission Distribution$1.07B$1.07BQoQ +9.1%year on year -2.5%+9.1%-2.5%
- Electricity Transmission And Distribution$1.07B$1.07BQoQ +0.95%year on year +8.0%+0.95%+8.0%
- Generation And Marketing$931.0M$931.0MQoQ +34%year on year +28%+34%+28%
- Commercial$799.0M$799.0MQoQ -7.3%year on year +20%-7.3%+20%
- Industrial$649.0M$649.0MQoQ -8.6%year on year +5.0%-8.6%+5.0%
- Wholesale and Competitive$525.0M$525.0MQoQ +31%year on year +23%+31%+23%
- Wholesale Generation$362.0M$362.0MQoQ +39%year on year +19%+39%+19%
- Wholesale Transmission$163.0M$163.0MQoQ +15%year on year +35%+15%+35%
- Product And Service Other$130.0M$130.0MQoQ +3.8%year on year -1.5%+3.8%-1.5%
- Electric Transmission$110.0M$110.0MQoQ +1.9%year on year +3.8%+1.9%+3.8%
- Other Retail$59.0M$59.0MQoQ -12%year on year +9.3%-12%+9.3%
- Sales To Affiliates$2.0M$2.0MQoQ +54%year on year +100%+54%+100%
- Alternative--QoQ -year on year ---
- Marketing Competitive Retail and Renewable$0.00$0.00QoQ -year on year ---
- Provision For Refund--QoQ -year on year ---
- Renewable Generation--QoQ -year on year ---
- Provision For Reversal Of Refund−$2.0M−$2.0MQoQ -year on year ---
Utilities - Regulated Electric
Ranks #8 of 37 by Smart Score