American Public Education, Inc. splits its revenue into 4 lines in its filings. The largest line in fiscal 2025, which ended Dec 31, 2025 was Instructional Services Net Of Grants And Scholarships at $591.8 million, 91% of the total.
USD in millions. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
FY 2021
Dec 31, 2021
|
FY 2020
Dec 31, 2020
|
FY 2019
Dec 31, 2019
|
FY 2018
Dec 31, 2018
|
FY 2017
Dec 31, 2017
|
FY 2016
Dec 31, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
668
|
649
|
625
|
601
|
606
|
419
|
322
|
286
|
298
|
—
|
—
|
| Instructional Services Net Of Grants And Scholarships |
607
+2.6%
share 90.9%
|
592
+2.8%
share 91.2%
|
576
+3.8%
share 92.2%
|
555
+0.0%
share 92.4%
|
555
+40.6%
share 91.5%
|
395
+25.7%
share 94.2%
|
314
+12.0%
share 97.6%
|
280
share 97.9%
|
—
|
—
|
—
|
| Textbook And Other Course Materials |
51
+14.9%
share 7.6%
|
48
+12.9%
share 7.3%
|
42
+4.9%
share 6.8%
|
40
-11.9%
share 6.7%
|
46
+126.8%
share 7.5%
|
20
+287.8%
share 4.8%
|
5
+42.4%
share 1.6%
|
4
share 1.3%
|
—
|
—
|
—
|
| Other Fees |
5
+15.9%
share 0.8%
|
5
+31.1%
share 0.8%
|
4
+10.1%
share 0.7%
|
4
-16.8%
share 0.6%
|
5
+66.4%
share 0.8%
|
3
+107.9%
share 0.7%
|
1
+6.4%
share 0.4%
|
1
share 0.4%
|
—
|
—
|
—
|
| Graduation Fees |
4
+27.2%
share 0.6%
|
4
+58.2%
share 0.6%
|
2
+39.1%
share 0.4%
|
2
+30.9%
share 0.3%
|
1
+3.0%
share 0.2%
|
1
-2.0%
share 0.3%
|
1
+17.4%
share 0.4%
|
1
share 0.4%
|
—
|
—
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. The first column adds the latest year-to-date segment amount to the last fiscal year and subtracts the year-ago year-to-date amount. More on our methodology.
Company profile
- Industry
- Services-Educational Services (SIC 8200)
- Listed as
- APEI (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Charles Town, WV
- SEC filer status
- Accelerated filer
- SEC CIK
- 1201792
Other Services-Educational Services companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.