American Public Education, Inc. (APEI)

Revenue by Segment

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Military	319.84M	317.05M	303.30M	285.13M	283.70M
Corporate and Other	7.81M	23.96M	26.22M	20.87M	-183.00K
Rasmussen University Segment	246.23M	216.26M	214.09M	253.26M	89.48M
Hondros College of Nursing Segment	74.98M	67.29M	56.94M	47.08M	45.80M
Total	648.86M	624.56M	600.55M	606.33M	418.80M

Revenue by Geography

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
United States	648.86M	624.56M	600.55M	606.33M	418.80M
Total	648.86M	624.56M	600.55M	606.33M	418.80M

Data Source: S&P Global Market Intelligence Last updated: Nov 9, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

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