Growth Metrics

American Public Education (APEI) Operating Expenses (2016 - 2025)

American Public Education has reported Operating Expenses over the past 17 years, most recently at $139.4 million for Q4 2025.

  • Quarterly results put Operating Expenses at $139.4 million for Q4 2025, down 2.25% from a year ago — trailing twelve months through Dec 2025 was $600.9 million (up 1.59% YoY), and the annual figure for FY2025 was $600.9 million, up 1.59%.
  • Operating Expenses for Q4 2025 was $139.4 million at American Public Education, down from $153.5 million in the prior quarter.
  • Over the last five years, Operating Expenses for APEI hit a ceiling of $290.9 million in Q2 2022 and a floor of $76.0 million in Q2 2021.
  • Median Operating Expenses over the past 5 years was $149.4 million (2022), compared with a mean of $148.7 million.
  • Biggest five-year swings in Operating Expenses: soared 282.52% in 2022 and later fell 29.09% in 2024.
  • American Public Education's Operating Expenses stood at $137.5 million in 2021, then increased by 11.05% to $152.7 million in 2022, then decreased by 10.37% to $136.9 million in 2023, then increased by 4.17% to $142.6 million in 2024, then fell by 2.25% to $139.4 million in 2025.
  • The last three reported values for Operating Expenses were $139.4 million (Q4 2025), $153.5 million (Q3 2025), and $155.7 million (Q2 2025) per Business Quant data.