APEINasdaqServices-Educational ServicesFiscal year ends December 31
AMERICAN PUBLIC EDUCATION INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$49.35+0.16 (+0.33%)
Close on Oct 19, 2026
- Market cap
- $928.27M
- P/E (TTM)
- 20.3
- Dividend yield
- –
AMERICAN PUBLIC EDUCATION INC revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APUS | $319.84M | $317.05M | $303.30M | $285.13M | $283.70M | $285.94M | $257.05M | $260.06M | – | – | 49.3% | +0.9% |
| RU Segment | $246.23M | $216.26M | $214.09M | $253.26M | $89.48M | $0 | $0 | – | – | – | 37.9% | +13.9% |
| RU | $246.23M | $216.26M | $214.09M | $253.26M | $89.48M | – | – | – | – | – | 37.9% | +13.9% |
| HCN | $74.98M | $67.29M | $56.94M | $47.08M | $45.80M | $36.09M | $29.48M | $37.63M | – | – | 11.6% | +11.4% |
| HCN | – | – | – | – | – | – | $29.48M | $37.63M | $34.00M | $29.20M | – | – |
| APUS | – | – | – | – | – | – | $256.90M | $260.06M | $265.25M | $283.94M | – | – |
| RU | – | – | – | $253.26M | $89.48M | $0 | $0 | – | – | – | – | – |
| Operating income | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|
| APUS | $90.83M | $89.42M | $84.43M | $58.45M | $51.05M | $43.44M | $37.23M | $28.56M | – | – | +1.6% |
| RU Segment | $4.04M | -$21.80M | -$103.58M | -$166.56M | $1.63M | $0 | $0 | – | – | – | -118.5% |
| HCN | -$854.00K | -$1.12M | -$1.40M | -$4.01M | $1.83M | $722.00K | -$10.77M | $3.97M | – | – | -23.9% |
| HCN | – | – | – | – | – | – | -$10.77M | $3.97M | $3.99M | -$3.64M | – |
| APUS | – | – | – | – | – | – | $23.52M | $28.56M | $30.87M | $41.92M | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Instructional services, net of grants and scholarships | $591.82M | $575.69M | $554.71M | $554.70M | $394.59M | $313.93M | $280.24M | $290.72M | – | – | 91.2% | +2.8% |
| Textbook and other course materials | $47.67M | $42.23M | $40.26M | $45.70M | $20.16M | $5.20M | $3.65M | $4.68M | – | – | 7.3% | +12.9% |
| Other fees | $5.49M | $4.19M | $3.81M | $4.57M | $2.75M | $1.32M | $1.24M | $1.22M | – | – | 0.8% | +31.1% |
| Graduation fees | $3.88M | $2.45M | $1.76M | $1.35M | $1.31M | $1.34M | $1.14M | $1.07M | – | – | 0.6% | +58.2% |
By region
From the segment and revenue-disaggregation notes of American Public Education's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.