TOTAL REV $100.85M
TOTAL EXP $79.72M
NET $21.13M

Investment Profile · FY 2019

Baylor University

Waco, Texas · NCAA Division I-FBS · Private nonprofit, 4-year or above · Enrollment 13,757

ZIP 76798 · IPEDS unitid 223232

Revenue Percentile (Division)
86th

Key Financial Metrics · 2019

Total Revenue
$100.85M

Total Expenses
$79.72M

Net Result
$21.13M

Unique Athletes
259

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 74%Women’s programs 26%

$74.61M
$26.24M

Sport Program Investment

Revenue by sport

Football

$56.56M

Basketball

$18.11M

All Track Combined

$5.02M

Baseball

$3.39M

Tennis

$3.2M

Equestrian

$2.89M

Volleyball

$2.58M

Soccer

$2.43M

Golf

$2.35M

Softball

$2.21M

Expense by sport

Football

$35.43M

Basketball

$18.11M

All Track Combined

$5.02M

Baseball

$3.39M

Tennis

$3.2M

Equestrian

$2.89M

Volleyball

$2.58M

Soccer

$2.43M

Golf

$2.35M

Softball

$2.21M

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 120 0 $56.56M $35.43M $21.13M
Basketball 2 15 33 $18.11M $18.11M $0
All Track Combined 3 66 139 $5.02M $5.02M $0
Baseball 1 35 0 $3.39M $3.39M $0
Tennis 22 12 12 $3.2M $3.2M $0
Equestrian 34 0 63 $2.89M $2.89M $0
Volleyball 26 0 18 $2.58M $2.58M $0
Soccer 15 0 22 $2.43M $2.43M $0
Golf 8 10 8 $2.35M $2.35M $0
Softball 16 0 26 $2.21M $2.21M $0
Gymnastics 9 0 48 $2.11M $2.11M $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$389.4K

Athletes Tracked
259

Top Sport Share
Football · 56.1%

Program Count
11

Unique men
120

Unique women
139

Per-sport slots
627

Multi-sport coeff
2.42x

Coed men

Coed women

The program has 259 unique athletes filling 627 sport roster slots — a 2.42x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Private nonprofit, 4-year or above
Total Enrollment
13,757
Revenue Tier
Upper quartile (86th pct.)
Peers in Division
127 schools
Peers in Texas
111 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Texas Christian University TX $101.8M $10.63M $946.5K
Texas A & M University-College Station TX $98.56M $13.73M $-2.29M
Duke University NC $103.67M $21.08M $2.82M
University of Iowa IA $97.6M $14.72M $-3.25M
University of Arkansas AR $95.36M $9.91M $-5.49M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $7.3K Athletic revenue per enrolled student
Expense Ratio 79.0% Expenses as % of revenue
Top Sport Share 56.1% Revenue concentration in top program
Division Percentile 86th 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.