American Electric Power (AEP) Stock Price vs Net Income
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In the year ending September 30, 2024, AEP's Net Income was $961.7M compared to $958.3M a year earlier on September 30, 2023, representing a 0.35% increase. Over that same 12-month period, the stock price rose 36.4%, from $75.22 to $102.60. This divergence between earnings growth and stock price appreciation indicates valuation expansion—the market assigned a higher multiple to each dollar of earnings. The stock reached $125.27 by June 2, 2026, extending gains well beyond the modest earnings growth trajectory observed in the prior year comparison.
Net Income was $961.7M as of 2024-09-30, +0.4% year over year. The stock moved +36% over the same window ($75.22 -> $102.60). The stock is now more richly valued relative to Net Income than a year ago (multiple expansion).
Latest close: 125.39 USD (2026-06-02).
Net Income | recent SEC reports
| Report date | Net Income | Period |
|---|
| 2024-09-30 | 961.7M USD | Q3 10-Q |
| 2024-03-31 | 1.0B USD | Q1 10-Q |
| 2023-09-30 | 958.3M USD | Q3 10-Q |
| 2023-06-30 | 516.1M USD | Q2 10-Q |
| 2023-03-31 | 400.4M USD | Q1 10-Q |
| 2022-09-30 | 520.8M USD | Q3 10-Q |
| 2022-06-30 | 520.8M USD | Q2 10-Q |
| 2012-09-30 | 487.0M USD | Q3 10-Q |
Sources: autario.com/data/stock-aep-american-electric-power-daily-prices · autario.com/data/american-electric-power-net-income-sec-filings | data verified and hosted on autario.com.