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U.S. Medical School Revenues

Table 1: Revenues Supporting Programs and Activities in Millions of Dollars, FY 2025

The table below displays the total operating revenue by source supporting U.S. MD-granting medical education programs as reported in the FY 2025 LCME Part I-A Annual Medical School Questionnaire. As reported in previous years, the Government and Parent Support revenue source includes any Federal Appropriations, State, Local, and Parent University Support. This approach reflects the oftentimes commingled nature of the Government and Parent University Appropriations. Questions about the data or requests for additional comparative data can be directed to Clarissa Gomez, Senior Research & Data Analyst, Data Operations and Services at AFQ@aamc.org.

Selected Finding:  Total revenue supporting the 153 U.S. MD-granting medical education programs with full LCME accreditation was $226.0 billion in FY 2025, which represents an increase of 7.6% from FY 2024. Total revenue supporting the 160 U.S. MD-granting medical education programs with preliminary, provisional, or full LCME accreditation was $226.7 billion in FY 2025, which represents an increase of 7.3% from FY 2024. Find more information on U.S. medical school revenues.

Download Data (Excel)

Revenue Source
All Revenue
($ in Millions)
% of Total Recorded
Revenue
($ in Millions)
% of Total Not Recorded
Revenue
($ in Millions)
% of Total

Source: LCME Part I-A Annual Financial Questionnaire (AFQ), FY YYYY1. Prepared by the AAMC FT_date YYYY0.
Contact: AFQ@aamc.org