Filing Flows › American Public Education (APEI) › Operating margin
American Public Education (APEI) operating margin by quarter
American Public Education's operating margin was 7.9% in Q2 2026 (second quarter 2026), -4.5 pts from Q1 2026. Over the last 7 quarters it ranged from 4.3% (Q2 2025) to 13.1% (Q4 2024).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 2026 | 7.9% | -4.5 pts | +3.6 pts |
| Q1 2026 | 12.4% | +0.4 pts | +4.9 pts |
| Q4 2025 | 12.0% | +6.0 pts | -1.1 pts |
| Q3 2025 | 5.9% | +1.6 pts | — |
| Q2 2025 | 4.3% | -3.1 pts | — |
| Q1 2025 | 7.4% | -5.7 pts | — |
| Q4 2024 | 13.1% | — | — |
Q2 2026 at a glance
American Public Education, Q2 2026: revenue $172M (+6% year over year), operating margin 7.9%, net earnings $9.8M, operating cash flow $12.1M. The chart follows the revenue to costs, profit and cash.
Questions
What is American Public Education's operating margin?
American Public Education's operating margin was 7.9% in Q2 2026 (second quarter 2026), -4.5 pts from Q1 2026.
How has American Public Education's operating margin changed?
Over the last 7 quarters it ranged from 4.3% (Q2 2025) to 13.1% (Q4 2024).
Q2 2026 results → · How American Public Education makes money →