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Companies / Utilities / American Electric Power
AEP

American Electric Power

UtilitiesElectric, Gas & WaterS&P 500
Ticker AEPCOLUMBUS, OHFiscal year ends DecemberBook value per share $58.45Diluted shares 548.8M

American Electric Power Company, Inc. (Nasdaq: AEP) is an investor-owned public utility holding company whose subsidiaries generate, transmit and distribute electricity to retail and wholesale customers across portions of 11 states. Its operations include regulated electric utilities, transmission-only businesses and… From the company’s description.

In fiscal 2025, American Electric Power reported revenue of $21.88B, up 10.9% from fiscal 2024, and net income of $3.70B. Its operating margin was 24.3%, and operations generated $6.94B in cash. Over the twelve months to Jun 30, 2026, revenue was $22.79B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$21.88BFY2025
+10.9% year over year
Last 12 mo $22.79B
24.31%FY2025
+2.5 percentage points
Last 12 mo 23.00%
$3.70BFY2025
+24.2% year over year
Last 12 mo $3.26B
11.70%FY2025
+0.2 percentage points
Last 12 mo 9.79%
Cash & financing
$6.94BFY2025
+2.1% year over year
Last 12 mo $7.69B
$-4.96BFY2025
−500.4% year over year
Last 12 mo $-5.75B
1.57FY2025
Was 1.68× a year earlier
Last 12 mo 1.62
537.5MFY2025
+1.2% year over year
Last 12 mo 548.8M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What American Electric Power does

In the company’s own words

American Electric Power Company, Inc. (Nasdaq: AEP) is an investor-owned public utility holding company whose subsidiaries generate, transmit and distribute electricity to retail and wholesale customers across portions of 11 states. Its operations include regulated electric utilities, transmission-only businesses and competitive generation and marketing activities; subsidiaries also sell electricity and provide transmission and distribution delivery services. AEP reports four segments: Vertically Integrated Utilities, which combine generation, transmission and distribution; Transmission and Distribution Utilities; AEP Transmission Holdco, which holds transmission operations; and Generation & Marketing. The company’s utilities serve residential and commercial customers as well as industrial sectors including manufacturing, oil and gas, pipelines, data processing and mining. At December 31, 2025, AEP’s vertically integrated utilities owned approximately 25,400 megawatts of generation capacity, and its subsidiaries employed 17,581 people. AEP’s public utility subsidiaries operate in Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. Its website is www.aep.com.

Company details
Sector
Utilities
Industry (SIC)
Electric, Gas & Water
Headquarters
COLUMBUS, OH
Fiscal year end
December
CIK
4904
SIC
4911

Financial performance, year by year

Fiscal 2013–2025 · USD
$-2.28B$4.56B$11.40B$18.23B$25.07B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns American Electric Power — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

867
funds hold it
1 of 35
superinvestors hold it
$27.54B
held by funds, at market
37.5%
of shares held by funds
91
bond issues held by funds

Superinvestors in American Electric Power · what they did last quarter

Carl IcahnDECREASED -63.9%
Icahn Capital (Carl C. Icahn)
0.7%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · American Electric Power’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.10%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.12%of fund net assets
0.32%of fund net assets
5.24%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

American Electric Power’s bonds, as funds hold them

Funds report holding 91 issues of American Electric Power’s debt, $7.61B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 4.96%, maturing 2026 to 2062.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do American Electric Power and its peers compare on margins and cash generation over ten years?”
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