TOTAL REV $66.06M
TOTAL EXP $79.92M
NET $-13.86M

Investment Profile · FY 2019

Virginia Polytechnic Institute and State University

Blacksburg, Virginia · NCAA Division I-FBS · Public, 4-year or above · Enrollment 28,539

ZIP 240610131 · IPEDS unitid 233921

Revenue Percentile (Division)
61th

Key Financial Metrics · 2019

Total Revenue
$66.06M

Total Expenses
$79.92M

Net Result
$-13.86M

Unique Athletes
230

Gender Investment Allocation

Men’s programs 96.1%Women’s programs 3.9%

$63.47M
$2.59M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 3,739 (15.1%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$50.29M

Basketball

$12.72M

Soccer

$552.8K

All Track Combined

$528.3K

Baseball

$414.3K

Tennis

$277.8K

Lacrosse

$258.1K

Golf

$257.2K

Volleyball

$245.6K

Swimming and Diving

$190K

Expense by sport

Football

$35.63M

Basketball

$15.36M

Soccer

$4.48M

All Track Combined

$5.07M

Baseball

$3.13M

Tennis

$2.38M

Lacrosse

$2.09M

Golf

$1.8M

Volleyball

$2.26M

Swimming and Diving

$3.65M

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 121 0 $50.29M $35.63M $14.67M
Basketball 2 15 21 $12.72M $15.36M $-2.64M
Soccer 15 29 29 $552.8K $4.48M $-3.93M
All Track Combined 3 113 109 $528.3K $5.07M $-4.54M
Baseball 1 36 0 $414.3K $3.13M $-2.72M
Tennis 22 8 14 $277.8K $2.38M $-2.11M
Lacrosse 11 0 36 $258.1K $2.09M $-1.83M
Golf 8 9 9 $257.2K $1.8M $-1.54M
Volleyball 26 0 17 $245.6K $2.26M $-2.01M
Swimming and Diving 18 31 41 $190K $3.65M $-3.46M
Wrestling 28 30 0 $178.6K $1.96M $-1.78M
Softball 16 0 26 $148.9K $2.12M $-1.97M

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$287.2K

Athletes Tracked
230

Top Sport Share
Football · 76.1%

Program Count
12

Unique men
121

Unique women
109

Per-sport slots
694

Multi-sport coeff
3.02x

Coed men

Coed women

The program has 230 unique athletes filling 694 sport roster slots — a 3.02x multi-sport coefficient indicating extensive cross-sport participation.

Division & Classification Context

Classification
NCAA Division I-FBS
Sector
Public, 4-year or above
Total Enrollment
28,539
Revenue Tier
Above-median (61th pct.)
Peers in Division
127 schools
Peers in Virginia
47 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Iowa State University IA $66.66M $10.26M $597.8K
University of Arizona AZ $65.02M $9.44M $-1.05M
University of Colorado Boulder CO $64.9M $20.41M $-1.16M
Texas Tech University TX $64.17M $11.8M $-1.89M
Mississippi State University MS $68.01M $9.46M $1.95M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 21.0% Expense shortfall as % of revenue
Revenue / Enrollment $2.3K Athletic revenue per enrolled student
Expense Ratio 121.0% Expenses as % of revenue
Top Sport Share 76.1% Revenue concentration in top program
Division Percentile 61th 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.