TOTAL REV $149.99M
TOTAL EXP $99.88M
NET $50.12M

Investment Profile · FY 2019

University of Michigan-Ann Arbor

Ann Arbor, Michigan · NCAA Division I-FBS · Public, 4-year or above · Enrollment 30,057

ZIP 48109 · IPEDS unitid 170976

Revenue Percentile (Division)
99th

Key Financial Metrics · 2019

Total Revenue
$149.99M

Total Expenses
$99.88M

Net Result
$50.12M

Unique Athletes
311

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 98.9%Women’s programs 1.1%

$148.29M
$1.7M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 2,896 (10.7%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$125.77M

Basketball

$18.16M

Ice Hockey

$3.09M

Swimming and Diving

$405.3K

Baseball

$398.9K

Lacrosse

$293.7K

All Track Combined

$270K

Gymnastics

$246.4K

Volleyball

$242.9K

Wrestling

$228K

Expense by sport

Football

$44.68M

Basketball

$11.86M

Ice Hockey

$4.13M

Swimming and Diving

$4.06M

Baseball

$3.27M

Lacrosse

$4.16M

All Track Combined

$4.21M

Gymnastics

$3.1M

Volleyball

$2.06M

Wrestling

$1.67M

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 147 0 $125.77M $44.68M $81.09M
Basketball 2 15 43 $18.16M $11.86M $6.3M
Ice Hockey 10 28 0 $3.09M $4.13M $-1.04M
Swimming and Diving 18 45 35 $405.3K $4.06M $-3.65M
Baseball 1 40 0 $398.9K $3.27M $-2.87M
Lacrosse 11 55 41 $293.7K $4.16M $-3.87M
All Track Combined 3 144 164 $270K $4.21M $-3.94M
Gymnastics 9 25 18 $246.4K $3.1M $-2.85M
Volleyball 26 0 21 $242.9K $2.06M $-1.82M
Wrestling 28 28 0 $228K $1.67M $-1.44M
Soccer 15 29 41 $198.6K $4.1M $-3.9M
Softball 16 0 21 $174.3K $2.7M $-2.52M
Golf 8 9 9 $171K $1.58M $-1.41M
Tennis 22 12 10 $126.2K $2.39M $-2.27M
Field Hockey 6 0 25 $92.7K $1.82M $-1.73M
Rowing 13 0 120 $83.8K $2.6M $-2.52M
Water Polo 27 0 25 $34.7K $1.5M $-1.46M

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$482.3K

Athletes Tracked
311

Top Sport Share
Football · 83.9%

Program Count
17

Unique men
147

Unique women
164

Per-sport slots
1,150

Multi-sport coeff
3.70x

Coed men

Coed women

The program has 311 unique athletes filling 1,150 sport roster slots — a 3.70x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Public, 4-year or above
Total Enrollment
30,057
Revenue Tier
Top-tier (99th pct.)
Peers in Division
127 schools
Peers in Michigan
58 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
University of Georgia GA $148.87M $65.31M $-1.13M
Ohio State University-Main Campus OH $145.47M $33.95M $-4.53M
Pennsylvania State University-Main Campus PA $136.93M $37.69M $-13.07M
The University of Alabama AL $135.55M $38.34M $-14.44M
The University of Texas at Austin TX $168.02M $86.47M $18.03M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $5K Athletic revenue per enrolled student
Expense Ratio 66.6% Expenses as % of revenue
Top Sport Share 83.9% Revenue concentration in top program
Division Percentile 99th 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.