Filing Flows › American Electric Power (AEP) › Q1 2026 › vs Q2 2025
American Electric Power (AEP) Q1 2026 vs Q2 2025 (quarter over quarter)
American Electric Power's revenue rose $705M (+13%) from $5.3B in Q2 2025 to $6.0B in Q1 2026. Operating margin 22.6% against 21.0% (+1.6 pts).
American Electric Power, Q1 2026: revenue $6.0B (+10% year over year), operating margin 22.6%, net earnings $874M, operating cash flow $1.5B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q1 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.6% | 21.0% | +1.6 pts |
| Net margin | 14.5% | 10.9% | +3.6 pts |
Every line
| Line | Q1 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $6.0B | $5.3B | $705M | +13% |
| Operating profit | $1.4B | $1.1B | $246M | +22% |
| Costs & expenses | $4.7B | $4.2B | $459M | +11% |
| Pre-tax earnings | $947M | $721M | $226M | +31% |
| Other expense, net | $413M | $393M | $19.6M | +5% |
| Cost of revenue | $2.1B | $1.7B | $462M | +28% |
| Other operating costs | $2.5B | $2.5B | −$2.5M | -0.1% |
| Net earnings | $874M | $582M | $292M | +50% |
| Minority interests | $29.0M | $23.2M | $5.8M | +25% |
| Income tax | $44.0M | $116M | −$71.7M | -62% |
| Working capital & other | $645M | $1.2B | −$586M | -48% |
| Operating cash flow | $1.5B | $1.8B | −$294M | -16% |
| Capital expenditures | $2.8B | $2.5B | $378M | +15% |
| Negative free cash flow (OCF − capex) | $1.3B | $639M | $672M | +105% |
Questions
How much did American Electric Power's revenue grow quarter over quarter in Q1 2026?
American Electric Power's revenue rose $705M (+13%) from $5.3B in Q2 2025 to $6.0B in Q1 2026. Operating margin 22.6% against 21.0% (+1.6 pts).