American Public Education, Inc. Reports Third Quarter 2026 Financial Results and Raises Full-Year Guidance

American Public Education reported third-quarter 2026 revenue of $169.1 million, up 3.6% year over year, with revenue, net income, adjusted EBITDA and diluted EPS all exceeding prior guidance. Health+ revenue grew 9.0%, supported by higher healthcare enrollments, while management cited momentum in Health+ and Military+ and the integration of its institutions into the American Public University System. The company raised its full-year 2026 guidance across all key metrics and said about $6.0 million in Military+ revenue shifted to the fourth quarter because of registration timing.