American Public Education annual return on equity
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2025
American Public Education Return on Equity (ROE) Growth & History (APEI)
American Public Education's return on equity was 10.54% for fiscal 2025.
View full American Public Education company overviewAmerican Public Education annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 10.54% | +5.13 pp |
| 2024 | 2024-12-31 | 5.41% | +20.15 pp |
| 2023 | 2023-12-31 | −14.74% | +15.31 pp |
| 2022 | 2022-12-31 | −30.05% | −34.96 pp |
| 2021 | 2021-12-31 | 4.91% | −1.32 pp |
| 2020 | 2020-12-31 | 6.24% | +3.00 pp |
| 2019 | 2019-12-31 | 3.24% | −5.16 pp |
| 2018 | 2018-12-31 | 8.40% | +0.77 pp |
| 2017 | 2017-12-31 | 7.62% | −2.00 pp |
| 2016 | 2016-12-31 | 9.63% | −4.13 pp |
| 2015 | 2015-12-31 | 13.75% | −4.77 pp |
| 2014 | 2014-12-31 | 18.53% | −3.70 pp |
| 2013 | 2013-12-31 | 22.23% | −5.53 pp |
| 2012 | 2012-12-31 | 27.75% | −7.51 pp |
| 2011 | 2011-12-31 | 35.27% | +1.95 pp |
| 2010 | 2010-12-31 | 33.31% | −2.03 pp |
| 2009 | 2009-12-31 | 35.34% | −1.88 pp |
| 2008 | 2008-12-31 | 37.22% | — |
American Public Education quarterly return on equity
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| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.15% | +1.61 pp |
| Q1 2026 | 2026-03-31 | 5.90% | +3.00 pp |
| Q4 2025 | 2025-12-31 | 4.39% | +0.03 pp |
| Q3 2025 | 2025-09-30 | 2.02% | +1.23 pp |
| Q2 2025 | 2025-06-30 | 1.54% | +1.42 pp |
| Q1 2025 | 2025-03-31 | 2.90% | +2.72 pp |
| Q4 2024 | 2024-12-31 | 4.36% | −0.18 pp |
| Q3 2024 | 2024-09-30 | 0.78% | +1.96 pp |
| Q2 2024 | 2024-06-30 | 0.13% | +16.45 pp |
| Q1 2024 | 2024-03-31 | 0.18% | +1.84 pp |
| Q4 2023 | 2023-12-31 | 4.54% | +6.50 pp |
| Q3 2023 | 2023-09-30 | −1.18% | +0.02 pp |
| Q2 2023 | 2023-06-30 | −16.32% | +13.45 pp |
| Q1 2023 | 2023-03-31 | −1.66% | −2.93 pp |
| Q4 2022 | 2022-12-31 | −1.97% | −4.25 pp |
| Q3 2022 | 2022-09-30 | −1.19% | −1.13 pp |
| Q2 2022 | 2022-06-30 | −29.77% | −29.90 pp |
| Q1 2022 | 2022-03-31 | 1.27% | −1.02 pp |
| Q4 2021 | 2021-12-31 | 2.29% | −0.05 pp |
| Q3 2021 | 2021-09-30 | −0.07% | −0.96 pp |
| Q2 2021 | 2021-06-30 | 0.13% | −2.18 pp |
| Q1 2021 | 2021-03-31 | 2.29% | +1.46 pp |
| Q4 2020 | 2020-12-31 | 2.34% | +0.42 pp |
| Q3 2020 | 2020-09-30 | 0.89% | +1.42 pp |
| Q2 2020 | 2020-06-30 | 2.31% | +0.77 pp |
| Q1 2020 | 2020-03-31 | 0.83% | +0.52 pp |
| Q4 2019 | 2019-12-31 | 1.91% | −0.97 pp |
| Q3 2019 | 2019-09-30 | −0.53% | −2.32 pp |
| Q2 2019 | 2019-06-30 | 1.54% | −0.63 pp |
| Q1 2019 | 2019-03-31 | 0.31% | −1.26 pp |
| Q4 2018 | 2018-12-31 | 2.88% | −0.08 pp |
| Q3 2018 | 2018-09-30 | 1.79% | +0.22 pp |
| Q2 2018 | 2018-06-30 | 2.16% | +0.75 pp |
| Q1 2018 | 2018-03-31 | 1.57% | −0.12 pp |
| Q4 2017 | 2017-12-31 | 2.96% | +0.31 pp |
| Q3 2017 | 2017-09-30 | 1.58% | +1.45 pp |
| Q2 2017 | 2017-06-30 | 1.41% | −1.22 pp |
| Q1 2017 | 2017-03-31 | 1.69% | −2.58 pp |
| Q4 2016 | 2016-12-31 | 2.64% | −1.48 pp |
| Q3 2016 | 2016-09-30 | 0.13% | −2.75 pp |
| Q2 2016 | 2016-06-30 | 2.63% | −0.37 pp |
| Q1 2016 | 2016-03-31 | 4.27% | +0.56 pp |
| Q4 2015 | 2015-12-31 | 4.12% | −1.01 pp |
| Q3 2015 | 2015-09-30 | 2.88% | −1.15 pp |
| Q2 2015 | 2015-06-30 | 3.00% | −1.55 pp |
| Q1 2015 | 2015-03-31 | 3.71% | −1.22 pp |
| Q4 2014 | 2014-12-31 | 5.14% | +0.73 pp |
| Q3 2014 | 2014-09-30 | 4.02% | −1.57 pp |
| Q2 2014 | 2014-06-30 | 4.55% | −1.30 pp |
| Q1 2014 | 2014-03-31 | 4.93% | −1.57 pp |
| Q4 2013 | 2013-12-31 | 4.41% | −3.66 pp |
| Q3 2013 | 2013-09-30 | 5.59% | −1.53 pp |
| Q2 2013 | 2013-06-30 | 5.85% | −0.50 pp |
| Q1 2013 | 2013-03-31 | 6.50% | −0.07 pp |
| Q4 2012 | 2012-12-31 | 8.06% | −2.17 pp |
| Q3 2012 | 2012-09-30 | 7.12% | −2.38 pp |
| Q2 2012 | 2012-06-30 | 6.35% | −1.99 pp |
| Q1 2012 | 2012-03-31 | 6.57% | −1.20 pp |
| Q4 2011 | 2011-12-31 | 10.23% | +0.38 pp |
| Q3 2011 | 2011-09-30 | 9.50% | +3.86 pp |
| Q2 2011 | 2011-06-30 | 8.34% | +0.98 pp |
| Q1 2011 | 2011-03-31 | 7.77% | −1.08 pp |
| Q4 2010 | 2010-12-31 | 9.85% | −0.99 pp |
| Q3 2010 | 2010-09-30 | 5.64% | −2.30 pp |
| Q2 2010 | 2010-06-30 | 7.36% | — |
| Q1 2010 | 2010-03-31 | 8.85% | — |
| Q4 2009 | 2009-12-31 | 10.83% | — |
| Q3 2009 | 2009-09-30 | 7.95% | — |
American Public Education return on equity trends
Over the last five fiscal years, American Public Education's return on equity increased from 6.24% to 10.54%, a change of +4.31 percentage points. The latest reported quarter, Q2 2026, shows 3.15%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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