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Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Revenue by Business
Health+$86.22M+11.0%$85.36M+11.0%$77.66M
Military+ Segment$85.54M+4.7%$89.44M+6.5%$81.73M
Revenue by Product
Graduation fees$1.24M+36.4%$1.11M+2.4%$660K+22.0%$1.23M+54.3%$910K+98.3%
Instructional services, net of grants and scholarships$156.26M+4.3%$158.86M+5.7%$142.93M-5.2%$148.79M+5.3%$149.77M+6.0%
Other fees$1.18M-3.7%$2.53M+94.5%$1.58M+42.0%$1.39M+34.2%$1.22M+21.1%
Textbook and other course materials$13.05M+20.1%$12.24M+3.5%$13.16M+13.0%$11.82M+18.9%$10.87M+6.7%

FAQ

How does American Public Education break its business down?
American Public Education (APEI) reports revenue by business across 2 parts — Health+ and Military+ Segment. Each is extracted from the segment footnotes and tracked over time.
Where does American Public Education's segment data come from?
Segment breakdowns are pulled from the segment footnotes in American Public Education's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.