American Public Education (APEI) Gross Margin (2016 - 2026)
Quarterly Gross Margin rose 283.0% to 57.29% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 91.65% through Mar 2026, down 94.0% year-over-year, with the annual reading at 78.85% for FY2025, 53.0% down from the prior year.
American Public Education's Gross Margin history spans 18 years, with the latest figure at 57.29% for Q1 2026.
- Gross Margin came in at 57.29% for Q1 2026, 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.
- The 5-year median for Gross Margin is 74.7% (2022), against an average of 82.74%.
- Year-over-year, Gross Margin skyrocketed 8365bps in 2023 and then tumbled -2281bps in 2024.
- American Public Education's Gross Margin stood at 74.7% in 2022, then surged by 112bps to 158.35% in 2023, then fell by 0bps to 158.03% in 2024, then decreased by 0bps to 157.36% in 2025, then tumbled by -64bps to 57.29% in 2026.
- Per Business Quant, the three most recent readings for APEI's Gross Margin are 57.29% (Q1 2026), 157.36% (Q4 2025), and 77.86% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | 72.43% |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 68.04% |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | -6.01% |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 79.28% |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 36.76% |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 78.77% |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 46.96% |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | - |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 83.40% |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 57.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 57.29% |
| Dec 31, 2025 | 157.36% |
| Sep 30, 2025 | 77.86% |
| Jun 30, 2025 | 78.47% |
| Mar 31, 2025 | 54.46% |
| Dec 31, 2024 | 158.03% |
| Sep 30, 2024 | 78.15% |
| Jun 30, 2024 | 77.87% |
| Mar 31, 2024 | 53.10% |
| Dec 31, 2023 | 158.35% |
| Sep 30, 2023 | 51.45% |
| Jun 30, 2023 | 100.68% |
| Mar 31, 2023 | 50.64% |
| Dec 31, 2022 | 74.70% |
| Sep 30, 2022 | 72.64% |
| Jun 30, 2022 | 51.81% |
| Mar 31, 2022 | 53.67% |
| Dec 31, 2021 | 56.26% |
| Sep 30, 2021 | 56.70% |
| Jun 30, 2021 | 61.04% |
| Mar 31, 2021 | 63.50% |
| Dec 31, 2020 | 20.39% |
| Sep 30, 2020 | 60.72% |
| Jun 30, 2020 | 79.23% |
| Mar 31, 2020 | 60.83% |
| Dec 31, 2019 | 79.81% |
| Sep 30, 2019 | 76.62% |
| Jun 30, 2019 | 59.29% |
| Mar 31, 2019 | 79.51% |
| Dec 31, 2018 | 63.03% |
| Sep 30, 2018 | 61.38% |
| Jun 30, 2018 | 81.75% |
| Mar 31, 2018 | 79.22% |
| Dec 31, 2017 | 137.37% |
| Sep 30, 2017 | 80.02% |
| Jun 30, 2017 | 58.68% |
| Mar 31, 2017 | 61.74% |
| Dec 31, 2016 | 7.89% |
| Sep 30, 2016 | 61.58% |
| Jun 30, 2016 | 80.48% |