American Public Education (APEI) Operating Expenses (2009 - 2026)

American Public Education's Operating Expenses history runs 18 years deep, the most recent figure standing at $153.1 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 0.52% year-over-year to $153.1 million; the TTM figure through Mar 2026 stood at $601.7 million (up 1.21% YoY), while the FY2025 annual figure was $600.9 million, up 1.59% from the prior year.
• Operating Expenses was $153.1 million for Q1 2026 at American Public Education, up from $139.4 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $290.9 million in Q2 2022 to a low of $136.9 million in Q4 2023.
• Historically, Operating Expenses has averaged $161.1 million across 5 years, with a median of $150.7 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 282.52% in 2022, then retreated 29.09% in 2024.
• A 5-year view of Operating Expenses shows it stood at $152.7 million in 2022, then retreated by 10.37% to $136.9 million in 2023, then grew by 4.17% to $142.6 million in 2024, then declined by 2.25% to $139.4 million in 2025, then rose by 9.85% to $153.1 million in 2026.
• The last three Operating Expenses figures came in at $153.1 million (Q1 2026), $139.4 million (Q4 2025), and $153.5 million (Q3 2025), per Business Quant data.