Filing Flows › American Electric Power (AEP) › Q2 2026 › vs Q2 2025
American Electric Power (AEP) Q2 2026 vs Q2 2025 (year over year)
American Electric Power's revenue rose $358M (+7%) from $5.1B in Q2 2025 to $5.4B in Q2 2026. The biggest changes: Total Retail Revenues +$438M (+12%); Other Revenues +$84.0M (+93%); Transmission Revenues +$6.0M (+1%). Operating margin 22.9% against 27.5% (-4.6 pts).
American Electric Power, Q2 2026: revenue $5.4B (+7% year over year), operating margin 22.9%, net earnings $713M, operating cash flow $1.9B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.9% | 27.5% | -4.6 pts |
| Net margin | 13.1% | 24.1% | -11.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Commercial Revenues | $1.3B | $1.2B | $155M | +13% |
| Total Wholesale and Competitive Retail Revenues | $1.3B | $1.2B | $79.0M | +6% |
| Generation & Marketing Revenues | $693M | $552M | $141M | +26% |
| Retail, Trading and Marketing Revenues | $587M | $522M | $65.0M | +12% |
| Other Retail Revenues | $74.0M | $76.0M | −$2.0M | -3% |
| Total Retail Revenues | $4.0B | $3.5B | $438M | +12% |
| Industrial Revenues | $847M | $849M | −$2.0M | -0.2% |
| Transmission Revenues | $437M | $431M | $6.0M | +1% |
| Other Revenues | $174M | $90.0M | $84.0M | +93% |
| Revenue | $5.4B | $5.1B | $358M | +7% |
| Operating profit | $1.2B | $1.4B | −$152M | -11% |
| Costs & expenses | $4.2B | $3.7B | $510M | +14% |
| Pre-tax earnings | $799M | $1.0B | −$239M | -23% |
| Other expense, net | $448M | $361M | $87.0M | +24% |
| Cost of revenue | $1.6B | $1.5B | $62.0M | +4% |
| Other operating costs | $2.6B | $2.1B | $448M | +21% |
| Net earnings | $713M | $1.2B | −$513M | -42% |
| Minority interests | $34.0M | $63.0M | −$29.0M | -46% |
| Income tax | $52.0M | −$251M | $303M | — |
| Working capital & other | $1.2B | −$5.0M | $1.2B | — |
| Operating cash flow | $1.9B | $1.2B | $681M | +56% |
| Capital expenditures | $2.8B | $1.9B | $856M | +45% |
| Negative free cash flow (OCF − capex) | $874M | $699M | $175M | +25% |
Questions
How much did American Electric Power's revenue grow year over year in Q2 2026?
American Electric Power's revenue rose $358M (+7%) from $5.1B in Q2 2025 to $5.4B in Q2 2026.
What drove American Electric Power's revenue change in Q2 2026?
Total Retail Revenues +$438M (+12%); Other Revenues +$84.0M (+93%); Transmission Revenues +$6.0M (+1%).