TOTAL REV $68.2M
TOTAL EXP $74.34M
NET $-6.14M

Investment Profile · FY 2019

Arizona State University-Tempe

Tempe, Arizona · NCAA Division I-FBS · Public, 4-year or above · Enrollment 40,958

ZIP 85287 · IPEDS unitid 104151

Revenue Percentile (Division)
64th

Key Financial Metrics · 2019

Total Revenue
$68.2M

Total Expenses
$74.34M

Net Result
$-6.14M

Unique Athletes
226

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 95.1%Women’s programs 4.9%

$64.86M
$3.34M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 3,205 (8.5%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$49.68M

Basketball

$10.49M

Ice Hockey

$2.9M

Baseball

$995.7K

Golf

$736.6K

Softball

$602.5K

Wrestling

$554.6K

All Track Combined

$470K

Volleyball

$329.9K

Tennis

$309K

Expense by sport

Football

$32M

Basketball

$12.15M

Ice Hockey

$3.55M

Baseball

$3.25M

Golf

$2.64M

Softball

$1.84M

Wrestling

$1.85M

All Track Combined

$3.85M

Volleyball

$1.72M

Tennis

$2.07M

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 126 0 $49.68M $32M $17.68M
Basketball 2 17 40 $10.49M $12.15M $-1.66M
Ice Hockey 10 32 0 $2.9M $3.55M $-648.8K
Baseball 1 35 0 $995.7K $3.25M $-2.25M
Golf 8 11 7 $736.6K $2.64M $-1.9M
Softball 16 0 23 $602.5K $1.84M $-1.24M
Wrestling 28 35 0 $554.6K $1.85M $-1.29M
All Track Combined 3 88 100 $470K $3.85M $-3.38M
Volleyball 26 0 20 $329.9K $1.72M $-1.39M
Tennis 22 9 9 $309K $2.07M $-1.76M
Gymnastics 9 0 16 $235.4K $1.33M $-1.1M
Swimming and Diving 18 32 32 $223.4K $2.62M $-2.39M
Lacrosse 11 0 44 $204.5K $1.29M $-1.09M
Other Sports 29 0 12 $179K $956.7K $-777.7K
Soccer 15 0 32 $149.2K $1.67M $-1.52M
Water Polo 27 0 20 $75.6K $922.8K $-847.2K
Beach Volleyball 32 0 22 $64.6K $619.6K $-555K

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$301.8K

Athletes Tracked
226

Top Sport Share
Football · 72.8%

Program Count
17

Unique men
126

Unique women
100

Per-sport slots
762

Multi-sport coeff
3.37x

Coed men

Coed women

The program has 226 unique athletes filling 762 sport roster slots — a 3.37x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Public, 4-year or above
Total Enrollment
40,958
Revenue Tier
Above-median (64th pct.)
Peers in Division
127 schools
Peers in Arizona
24 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
University of Missouri-Columbia MO $68.29M $7.76M $94.2K
Mississippi State University MS $68.01M $9.46M $-182.5K
University of Mississippi MS $68.85M $-6.48M $651.3K
University of Pittsburgh-Pittsburgh Campus PA $68.89M $6.2M $691.9K
Oklahoma State University-Main Campus OK $69.01M $17.3M $814.4K

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 9.0% Expense shortfall as % of revenue
Revenue / Enrollment $1.7K Athletic revenue per enrolled student
Expense Ratio 109.0% Expenses as % of revenue
Top Sport Share 72.8% Revenue concentration in top program
Division Percentile 64th Revenue rank within NCAA Division I-FBS

Source: U.S. Department of Education — Equity in Athletics Data Analysis (EADA). Fiscal year 2019. Last updated April 18, 2026.