TOTAL REV $54.01M
TOTAL EXP $54.01M
NET $0

Investment Profile · FY 2019

Wake Forest University

Winston-Salem, North Carolina · NCAA Division I-FBS · Private nonprofit, 4-year or above · Enrollment 5,239

ZIP 27106 · IPEDS unitid 199847

Revenue Percentile (Division)
51th

Key Financial Metrics · 2019

Total Revenue
$54.01M

Total Expenses
$54.01M

Net Result
$0

Unique Athletes
220

Revenue & Expense Trend (2015–2019)

20152016201720182019

Revenue
Expenses

Gender Investment Allocation

Men’s programs 76.7%Women’s programs 23.3%

$41.41M
$12.6M

Enrollment Trend (2015–2019)

20152016201720182019

Total
Men
Women

Total enrollment grew by 434 (9%) from 2015 to 2019.

Sport Program Investment

Revenue by sport

Football

$24.7M

Basketball

$12.54M

Soccer

$3.97M

All Track Combined

$2.79M

Baseball

$2.43M

Tennis

$2.23M

Golf

$1.89M

Volleyball

$1.84M

Field Hockey

$1.63M

Expense by sport

Football

$24.7M

Basketball

$12.54M

Soccer

$3.97M

All Track Combined

$2.79M

Baseball

$2.43M

Tennis

$2.23M

Golf

$1.89M

Volleyball

$1.84M

Field Hockey

$1.63M

Sport-by-sport profile table

Sport Men Women Revenue Expense Net
Football 7 125 0 $24.7M $24.7M $0
Basketball 2 17 14 $12.54M $12.54M $0
Soccer 15 29 29 $3.97M $3.97M $0
All Track Combined 3 73 95 $2.79M $2.79M $0
Baseball 1 36 0 $2.43M $2.43M $0
Tennis 22 18 10 $2.23M $2.23M $0
Golf 8 11 8 $1.89M $1.89M $0
Volleyball 26 0 19 $1.84M $1.84M $0
Field Hockey 6 0 23 $1.63M $1.63M $0

Participation & Revenue-per-Athlete

Revenue / Unique Athlete
$245.5K

Athletes Tracked
220

Top Sport Share
Football · 45.7%

Program Count
9

Unique men
125

Unique women
95

Per-sport slots
507

Multi-sport coeff
2.30x

Coed men

Coed women

The program has 220 unique athletes filling 507 sport roster slots — a 2.30x 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
5,239
Revenue Tier
Above-median (51th pct.)
Peers in Division
127 schools
Peers in North Carolina
68 schools

Peer Benchmark

Peer School State Revenue Net Δ vs. subject
Kansas State University KS $55.27M $8.17M $1.26M
Southern Methodist University TX $55.58M $0 $1.58M
University of California-Berkeley CA $52.05M $-12.8M $-1.95M
University of California-Los Angeles CA $56.49M $-22.66M $2.48M
University of Kansas KS $57.35M $2.76M $3.34M

Financial Ratios & Investment Lens

Metric Value Definition
Subsidy Rate 0.0% Expense shortfall as % of revenue
Revenue / Enrollment $10.3K Athletic revenue per enrolled student
Expense Ratio 100.0% Expenses as % of revenue
Top Sport Share 45.7% Revenue concentration in top program
Division Percentile 51th 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.