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

American Public Education (APEI) has 17 years of Operating Expenses data on record, last reported at $153.5 million in Q3 2025.

  • For Q3 2025, Operating Expenses rose 3.04% year-over-year to $153.5 million; the TTM value through Sep 2025 reached $604.1 million, up 3.13%, while the annual FY2024 figure was $591.5 million, 8.84% down from the prior year.
  • Operating Expenses reached $153.5 million in Q3 2025 per APEI's latest filing, down from $155.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $290.9 million in Q2 2022 and bottomed at $76.0 million in Q2 2021.
  • Average Operating Expenses over 5 years is $149.2 million, with a median of $149.5 million recorded in 2022.
  • Peak YoY movement for Operating Expenses: skyrocketed 282.52% in 2022, then dropped 29.09% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $137.5 million in 2021, then grew by 11.05% to $152.7 million in 2022, then dropped by 10.37% to $136.9 million in 2023, then grew by 4.17% to $142.6 million in 2024, then grew by 7.68% to $153.5 million in 2025.
  • Per Business Quant database, its latest 3 readings for Operating Expenses were $153.5 million in Q3 2025, $155.7 million in Q2 2025, and $152.3 million in Q1 2025.