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American Public Education Inc revenue

American Public Education Inc's revenue was $649m in fiscal 2025, up 3.9% on the year before. Since fiscal 2007 ($69.1m) it has grown at a compound 18.8% a year. Over the last twelve months it was $668m.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2007Dec 20072008Dec 20082009Dec 20092010Dec 20102016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue69107149198313299298286322419606601625649668
Growth on the year before—+55.1%+39.1%+33.0%+58.0%−4.4%−0.5%−3.8%+12.4%+30.1%+44.8%−1.0%+4.0%+3.9%—
Gross profit————196183182174200246318308329352373

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
American Public Education Inc $320M ▲ 0.9%
Rasmussen University $246M ▲ 13.9%
Rasmussen University $246M ▲ 13.9%
Hondros College of Nursing $75M ▲ 11.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Products and services
Line of business Revenue Share YoY
Instructional Services Net of Grants and Scholarships $592M 91.2% ▲ 2.8%
Textbook and Other Course Materials $47.7M 7.3% ▲ 12.9%
Other Fees $5.5M 0.8% ▲ 31.1%
Graduation Fees $3.9M 0.6% ▲ 58.2%

From American Public Education Inc's 10-K filed March 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Education Services: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
American Public Education Inc $668m 3.6% 3.7%
Afya Ltd $662m 7.5% —
Lincoln Educational Services Corp $571m 22.0% 16.7%
Perdoceo Education Corp $859m 11.7% 5.7%
Universal Technical Institute Inc $884m 9.1% 17.3%
Grand Canyon Education, Inc. $1.14bn 7.0% 7.2%

Compare with peers

Head to head: AFYA vs APEIAPEI vs LINCAPEI vs PRDO

More: Education Services stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from American Public Education Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to American Public Education Inc.