Tax
Income Tax
American Electric Power Income Tax increased by 498.8% to $64.20M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 498.8%, from -$16.10M to $64.20M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionTax
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
Metric ID:
is_income_tax_expenseHistorical Data
6 periods
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|
| Value | $61.20M | $69.80M | $52.80M | $54.00M | -$16.10M | $64.20M |
| QoQ Change | — | +14.1% | -24.4% | +2.3% | -129.8% | +498.8% |
| YoY Change | — | — | — | -11.8% | -123.1% | +498.8% |
Range-$16.10M – $69.80M
CAGR+3.9%
Avg YoY Growth+121.3%
Median YoY Growth-11.8%
Income Tax at Other Companies
Frequently Asked Questions
- What is American Electric Power's income tax?
- American Electric Power (AEP) reported income tax of $64.20M in Q3 2023.
- How has American Electric Power's income tax changed year-over-year?
- American Electric Power's income tax increased by 498.8% year-over-year, from -$16.10M to $64.20M.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.