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 | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APUS | – | – | $319.84M | $331.18M | $325.02M | $320.34M | $317.05M | $314.05M | $313.47M | $309.98M | $303.30M | $297.34M | – | – |
| HCN | – | – | $74.98M | $73.19M | $70.24M | $68.52M | $67.29M | $64.14M | $62.39M | $60.24M | $56.94M | $53.79M | – | – |
| RU Segment | – | – | $246.23M | $237.09M | $228.87M | $222.38M | $216.26M | $211.35M | $210.82M | $209.75M | $214.09M | $222.23M | – | – |
| RU | – | – | – | – | – | – | – | – | – | – | – | $222.23M | – | – |
| Operating income | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| APUS | – | – | $90.83M | $98.13M | $93.61M | $90.46M | $89.42M | $88.61M | $89.79M | $90.44M | $84.43M | $77.08M | – |
| HCN | – | – | -$854.00K | -$1.32M | -$1.22M | -$1.56M | -$1.12M | -$1.04M | -$906.00K | -$397.00K | -$1.40M | -$3.17M | – |
| RU Segment | – | – | $4.04M | $315.00K | -$6.05M | -$12.90M | -$21.80M | -$28.27M | -$31.23M | -$99.68M | -$103.58M | -$113.70M | – |
By product or service
| Revenue | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | TTM Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Instructional services, net of grants and scholarships | $606.84M | $600.34M | $591.82M | $599.70M | $592.28M | $583.76M | $575.69M | $565.92M | $564.56M | $559.28M | $554.71M | $553.80M | 90.8% | +2.5% |
| Textbook and other course materials | $50.26M | $48.08M | $47.67M | $46.15M | $44.27M | $43.59M | $42.23M | $40.74M | $40.31M | $40.03M | $40.26M | $40.98M | 7.5% | +13.5% |
| Other fees | $6.67M | $6.72M | $5.49M | $5.02M | $4.67M | $4.46M | $4.19M | $4.05M | $3.97M | $3.92M | $3.81M | $4.00M | 1.0% | +42.9% |
| Graduation fees | $4.24M | $3.91M | $3.88M | $3.76M | $3.33M | $2.88M | $2.45M | $2.54M | $2.13M | $2.06M | $1.76M | $1.40M | 0.6% | +27.2% |
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.