American Public Education (APEI) Gross Margin (2009 - 2026)

American Public Education's Gross Margin history runs 18 years deep, the most recent figure standing at 57.29% for Q1 2026.

• In Q1 2026, Gross Margin rose 283.0% year-over-year to 57.29%; the TTM figure through Mar 2026 stood at 91.65% (down 94.0% YoY), while the FY2025 annual figure was 78.85%, down 53.0% from the prior year.
• Gross Margin was 57.29% for Q1 2026 at American Public Education, down from 157.36% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 158.35% in Q4 2023 to a low of 50.64% in Q1 2023.
• Historically, Gross Margin has averaged 82.74% across 5 years, with a median of 74.7% in 2022.
• The sharpest annual moves came in 2023 and 2024: Gross Margin surged 8365 bps in 2023, then sank 2281 bps in 2024.
• A 5-year view of Gross Margin shows it stood at 74.7% in 2022, then soared by 112 bps to 158.35% in 2023, then dropped by 0 bps to 158.03% in 2024, then slipped by 0 bps to 157.36% in 2025, then slumped by 64 bps to 57.29% in 2026.
• The last three Gross Margin figures came in at 57.29% (Q1 2026), 157.36% (Q4 2025), and 77.86% (Q3 2025), per Business Quant data.