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American Public Education, Inc. (APEI) is an essential consumer products company in the higher education operations industry, based in Charles Town, United States, with about 2,360 full-time employees.
It reported revenue of $648.86 million for fiscal year 2025, up 3.9% from fiscal year 2024, and net income of $25.31 million. In Q2 2026 (the quarter ended June 30, 2026) revenue was $171.73 million, up 5.5% from a year before. Its largest business segment, Military, brought in 49% of segment revenue in fiscal year 2025. Its market capitalization was $876.09 million as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended December 31, 2025; market data as of October 9, 2026.
, together with its subsidiaries, provides online and campus-based postsecondary education services in the United States. It operates through three segments: American Public University System, Rasmussen University, and Hondros College of Nursing.
American Public Education reported $648.86 million in revenue for fiscal year 2025, up 3.9% from $624.56 million in fiscal year 2024. In Q2 2026 revenue was $171.73 million.
Military, with $319.84 million or 49% of segment revenue in fiscal year 2025. Next: Rasmussen University Segment (38%) and Hondros College of Nursing Segment (12%).
$876.09 million as of October 9, 2026.
Listed companies of a similar size in the same industry (higher education operations) include Coursera, Inc. (COUR), Afya Limited (AFYA), Universal Technical Institute, Inc. (UTI), Lincoln Educational Services Corporation (LINC).