American Public Education, Inc. (APEI) Earnings History
Profitable23 years of earnings data (2003–2025) · Positive TTM net income
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American Public Education, Inc. (APEI) Earnings Overview
As of July 7, 2026, American Public Education, Inc. (APEI) reported trailing twelve-month net income of $40M, reflecting +147.3% year-over-year growth. The company earned $2.15 per diluted share over the past four quarters, with a net profit margin of 4.9%.
Looking at the long-term picture, APEI's 5-year EPS compound annual growth rate (CAGR) stands at +1.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $42M in fiscal 2012.
American Public Education, Inc. maintains positive profitability with a gross margin of 51.7%, operating margin of 8.3%, and net margin of 4.9%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including PRDO ($170M net income, 18.9% margin), STRA ($130M net income, 10.0% margin), GPI ($326M net income, 1.4% margin), APEI has room to improve margins relative to the peer group. Compare APEI vs PRDO →
APEI Earnings vs Peers
Earnings metrics vs comparable public companies
APEI Historical Earnings Data (2003–2025)
22 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $32M | +95.8% | $54M | $1.36 | 4.9% | 8.3% |
| 2024 | $16M | +134.1% | $33M | $0.55 | 2.6% | 5.3% |
| 2023 | -$47M | +58.9% | -$48M | $-2.94 | -7.9% | -8.0% |
| 2022 | -$115M | -747.8% | -$137M | $-6.08 | -19.0% | -22.7% |
| 2021 | $18M | -5.7% | $30M | $0.97 | 4.2% | 7.3% |
| 2020 | $19M | +88.0% | $25M | $1.25 | 5.8% | 7.7% |
| 2019 | $10M | -60.9% | $29M | $0.62 | 3.5% | 10.0% |
| 2018 | $26M | +21.4% | $33M | $1.54 | 8.6% | 11.2% |
| 2017 | $21M | -12.6% | $35M | $1.29 | 7.1% | 11.6% |
| 2016 | $24M | -25.5% | $38M | $1.49 | 7.7% | 12.2% |
| 2015 | $32M | -20.7% | $52M | $1.93 | 9.9% | 15.9% |
| 2014 | $41M | -2.8% | $66M | $2.33 | 11.7% | 18.8% |
| 2013 | $42M | -0.7% | $67M | $2.35 | 12.8% | 20.5% |
| 2012 | $42M | +3.8% | $69M | $2.35 | 13.5% | 21.9% |
| 2011 | $41M | +36.5% | $63M | $2.23 | 15.7% | 24.1% |
| 2010 | $30M | +24.7% | $50M | $1.59 | 15.1% | 25.2% |
| 2009 | $24M | +47.9% | $40M | $1.27 | 16.1% | 26.8% |
| 2008 | $16M | +85.0% | $26M | $0.86 | 15.1% | 24.0% |
| 2007 | $9M | +386.7% | $15M | $0.64 | 12.7% | 21.3% |
| 2006 | $2M | +65.7% | $3M | $0.15 | 4.5% | 7.3% |
| 2005 | $1M | +400.0% | $2M | $-1.44 | 3.9% | 7.9% |
| 2003 | $217,000 | - | $2M | $0.04 | 1.2% | 10.4% |
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APEI — Frequently Asked Questions
Quick answers to the most common questions about buying APEI stock.
What is APEI earnings per share (EPS)?
APEI trailing twelve-month (TTM) diluted EPS is $2.15, reflecting +147.3% year-over-year growth. The 5-year EPS CAGR is +1.7%. Complete EPS history from 2003 to 2025 is available in the table on this page.
What is American Public Education, Inc.'s net income?
American Public Education, Inc. (APEI) trailing twelve-month net income is $40M as of 2025. Earnings grew +147.3% year-over-year. American Public Education, Inc. has been profitable for 2 consecutive years.
Is APEI profitable?
Yes, APEI is profitable with a TTM net income of $40M and a net profit margin of +4.9%. American Public Education, Inc. has generated profits for 2 consecutive years.
What is APEI's earnings growth rate?
APEI compound annual EPS growth rates (CAGR): 1-Year: +147.3%, 3-Year: N/A, 5-Year: +1.7%, 10-Year: -3.4%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 2003 to 2025.
What are APEI's profit margins?
American Public Education, Inc. net profit margin is +4.9%, operating margin is +8.3%, and gross margin is +51.7%. Below-average margins reflect competitive or cost pressures. Return on Equity is +10.5%.
Is APEI growing earnings?
Yes, APEI earnings are accelerating — EPS growth of +147.3% exceeds the 5-year CAGR of +1.7%. TTM net income reached $40M. Earnings momentum is strengthening.
What was APEI's best earnings year?
American Public Education, Inc.'s highest annual net income on record is $42M, achieved in fiscal year 2012. Earnings history on this page spans 2003 to 2025 and includes all annual and quarterly figures.
What were APEI's earnings last quarter?
APEI's most recent reported quarter was Q1 2026. Net income was $18M with diluted EPS of $0.94. For a full breakdown of all quarters, see the quarterly earnings table on this page.