AMERICAN PUBLIC EDUCATION, INC.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | 62.6% | 12.2% | 7.7% |
| FY2017 | 61.2% | 11.6% | 7.1% |
| FY2018 | 61.3% | 10.9% | 8.6% |
| FY2019 | 60.9% | 4.5% | 3.5% |
| FY2020 | 62.0% | 7.7% | 5.8% |
| FY2021 | 58.8% | 7.3% | 4.2% |
| FY2022 | 52.4% | -22.7% | -19.0% |
| FY2023 | 51.2% | -8.0% | -7.9% |