# American Public Education, Inc. (APEI) — Operating Income

## Annual Operating Income (USD)

| Year | Operating Income |
| --- | --- |
| 2025 | $48M |
| 2024 | $33M |
| 2023 | -$48M |
| 2022 | -$137M |
| 2021 | $30M |
| 2020 | $25M |
| 2019 | $13M |
| 2018 | $33M |
| 2017 | $35M |
| 2016 | $38M |
| 2010 | $50M |
| 2009 | $40M |
| 2008 | $26M |
| 2007 | $15M |

## Quarterly Operating Income (USD)

| Quarter | Operating Income |
| --- | --- |
| 2026-03-31 | $22M |
| 2025-09-30 | $10M |
| 2025-06-30 | $7M |
| 2025-03-31 | $12M |
| 2024-09-30 | $4M |
| 2024-06-30 | $2M |
| 2024-03-31 | $5M |
| 2023-09-30 | $6M |
| 2023-06-30 | -$65M |
| 2023-03-31 | -$5M |
| 2022-09-30 | -$1M |
| 2022-06-30 | -$141M |
| 2022-03-31 | $5M |
| 2021-09-30 | $1M |
| 2021-06-30 | $2M |
| 2021-03-31 | $11M |
| 2020-09-30 | $3M |
| 2020-06-30 | $9M |
| 2020-03-31 | $3M |
| 2019-09-30 | -$3M |
| 2019-06-30 | $6M |
| 2019-03-31 | $1M |
| 2018-09-30 | $7M |
| 2018-06-30 | $8M |

Source: [MarketCapTrends](https://marketcaptrends.com/company/APEI/operating-income)