Income Statement Research
Review the full annual statement in one scroll, from headline results to detailed SEC line items, margin conversion, and growth diagnostics.
Snapshot
American Electric Power Company, Inc.'s top line, gross profit, operating income, and bottom-line conversion. Values in USD millions.
Revenue
+6.8%Compound growth, FY2021 to FY2025
Gross profit
FY2025Latest annual filing, FY2025
Operating Income
+11.7%Compound growth, FY2021 to FY2025
Net income
+10.4%Compound growth, FY2021 to FY2025
Headline results
Four lines, five fiscal years, straight from the filings.
American Electric Power Company, Inc. headline income statement — FY2025
Trend
The same four lines drawn across the window.
All values shown in USD millions unless noted otherwise.
Line items
The full annual income statement layer for American Electric Power Company, Inc., from revenue down to share counts.
Statement basis
USD millions, except per-share and share-count rows.
American Electric Power Company, Inc. expanded income statement — FY2025
Expanded annual statement lines sourced from the SEC EDGAR database for American Electric Power Company, Inc..
Margins
How much of American Electric Power Company, Inc.'s revenue survives through gross profit, operating income, and net income.
Gross margin
N/AFY2025, versus FY2021
Operating Margin
+400 bpsFY2025, versus FY2021
Net income margin
+208 bpsFY2025, versus FY2021
Observation window
yearsFY2021 through FY2025
Margin table
Side-by-side read of gross, operating and net margin.
American Electric Power Company, Inc. margins — FY2025
Margin trend
The shape of profitability across the window.
Margins are calculated from annual SEC facts using reported revenue as the denominator.
Year on year
Every headline line of American Electric Power Company, Inc.'s statement measured against the immediately prior period.
Revenue YoY
FY2024FY2025 versus FY2024
Gross profit YoY
FY2024FY2025 versus FY2024
Op. income YoY
FY2024FY2025 versus FY2024
Net income YoY
FY2024FY2025 versus FY2024
Year-on-year table
Contractions are tinted so slowdowns are obvious.
American Electric Power Company, Inc. year-on-year change — FY2025
Momentum
Whether the business is accelerating or rolling over.
Year-on-year change compares each annual period against the immediately prior year inside the selected window.
Compound growth
Compounded annual growth from FY2021 to FY2025, which filters out one-year noise.
Revenue CAGR
4yrFY2021 to FY2025
Gross profit CAGR
4yrFY2021 to FY2025
Op. income CAGR
4yrFY2021 to FY2025
Net income CAGR
4yrFY2021 to FY2025
Compound rates use the first and last reported year in the window, so a gap in either endpoint suppresses the figure.
Commentary
A written read of the filing-backed figures above. The statement itself remains the source of truth.
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Over the five-year period, American Electric Power Company, Inc. shows a generally positive trajectory in its financial performance. Revenues increased from about 16.8 billion USD in 2021 to 21.9 billion USD in 2025, with notable acceleration between 2023 and 2025—a roughly 15% growth from 2024 to 2025 after a slight dip in 2023. Gross profit follows a similar trend, rising steadily from 3.4 billion USD in 2021 to 5.3 billion USD in 2025. Operating income consistently mirrors gross profit, suggesting stable operating efficiency and minimal impact from non-operating expenses. This upward trend indicates a resilient revenue stream, which is typical for a regulated utility company benefiting from stable market conditions and predictable demand. Net income, while also trending upward over the period, exhibits more variability. After declining from 2.49 billion USD in 2021 to 2.31 billion USD in 2022, net income fell further to 2.21 billion USD in 2023; however, it rebounded strongly to 2.98 billion USD in 2024 and reached 3.70 billion USD in 2025. The more than 34% jump between 2023 and 2024 is particularly significant, hinting at potential operational improvements, cost management initiatives, or favorable market conditions during that period. Overall, the company’s financial health appears robust, with expanding revenues and profitability metrics reflecting its strong market position in the utility industry—a sector known for stable cash flows and earnings sustainability.
This analysis is for informational purposes only and does not constitute financial advice or a recommendation for any investment decision. Please consult a qualified financial professional for personalised guidance.
