American Electric Power Company, Inc. (AEP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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AEP Revenue Growth
Revenue Breakdown (FY 2025)
AEP's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
AEP Revenue Analysis (2014–2025)
As of May 8, 2026, American Electric Power Company, Inc. (AEP) generated trailing twelve-month (TTM) revenue of $22.16 billion, reflecting solid growth of +6.8% year-over-year. The most recent quarter (Q1 2026) recorded $6.02 billion in revenue, up 19.3% sequentially.
Looking at the longer-term picture, AEP's 5-year compound annual growth rate (CAGR) stands at +7.9%, indicating steady revenue expansion. The company achieved its highest annual revenue of $21.78 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows AEP's business is primarily driven by Transmission And Distribution Companies (65%), Generation And Marketing (29%), and Product and Service, Other (6%). With over half of revenue concentrated in Transmission And Distribution Companies, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including EXC (+4.6% YoY), DUK (+7.6% YoY), and SO (+8.3% YoY), AEP has underperformed the peer group in terms of revenue growth. Compare AEP vs EXC →
AEP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AEPCurrent | $22.2B | +6.8% | +7.9% | 24.3% | |
 EXC | $24.3B | +4.6% | -6.0% | 21.2% | |
 DUK | $32.2B | +7.6% | +6.6% | 26.6% | |
 SO | $29.6B | +8.3% | +7.7% | 24.6% | |
 D | $16.5B | +17.1% | +3.1% | 26.7% | |
 PCG | $24.9B | +5.3% | +6.2% | 19.6% |
AEP Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $21.78B | +9.4% | $6.93B | 31.8% | $5.30B | 24.3% |
| 2024 | $19.92B | +2.8% | $6.36B | 31.9% | $4.76B | 23.9% |
| 2023 | $19.38B | +0.3% | $5.62B | 29.0% | $4.13B | 21.3% |
| 2022 | $19.31B | +16.2% | $4.87B | 25.2% | $3.40B | 17.6% |
| 2021 | $16.62B | +11.5% | $4.67B | 28.1% | $3.26B | 19.6% |
| 2020 | $14.91B | -4.0% | $4.28B | 28.7% | $2.98B | 20.0% |
| 2019 | $15.54B | -3.9% | $3.96B | 25.5% | $2.72B | 17.5% |
| 2018 | $16.17B | +5.1% | $3.86B | 23.8% | $2.71B | 16.8% |
| 2017 | $15.38B | -5.8% | $4.39B | 28.5% | $3.33B | 21.7% |
| 2016 | $16.32B | -0.5% | $4.43B | 27.1% | $3.41B | 20.9% |
Full AEP Stock Analysis
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Start ComparisonAEP — Frequently Asked Questions
Quick answers to the most common questions about buying AEP stock.
Is AEP's revenue growth accelerating or slowing?
AEP maintains +6.8% revenue growth, in line with its 5-year CAGR of +7.9%. TTM revenue stands at $22.2B. Growth rate remains consistent with historical average.
What is AEP's long-term revenue growth rate?
American Electric Power Company, Inc.'s 5-year revenue CAGR of +7.9% reflects the sustained expansion pattern. Current YoY growth of +6.8% is near this long-term average.
How is AEP's revenue distributed by segment?
AEP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.