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Oxford University

Finance and Funding

The key financial objectives of the University are to provide the long-term resources to strengthen and further its pre-eminent position – nationally and internationally – as a place of outstanding learning, teaching, and research; and to enable it to provide additional support to its three core priorities of students, academic posts, and buildings.

Download the Financial Statements 2024-25 (PDF). The Financial Review starts on page 40.

Education

  • 13,650 Postgraduate students, % change year on year -1.9%. NEW Access and Participation plan approved
  • 12,375 Undergraduate students, % change year on year -0.8%
  • 25.9% of undergraduates admitted during 2024/25 UCAS cycle are from the most disadvantaged backgrounds 1. % change year on year +0.2%

(1. ACORN categories 5 and 6, IMD quintile 1 or 2 and Free School Meals.)

Research

  • £801.3m Research income, % change year on year +2.9%.
  • 1st in the Times Higher Education World University Rankings (10th time running)
  • £142.2m Research income from industry, % change year on year +3.9%
  • 7,604 Research-related agreements executed, , % change year on year +1% 

Educational Publishing (undertaken by the Press)

  • £733.2m Educational publishing income. % change year on year-1.8%
  • £104.7m Operating profit. % change year on year +5.4%
  • more than 187 million visits to Oxford Academic research platform up from 180m last year
  1. 90 Major academic publishing awards won up from 71 last year

Engagement and Partnership

  • 1,555 participants in the UNIQ 2024/25 programme up from 1,321 last year
  • 1,654 Students from low-income backgrounds supported by Crankstart scholarships, % change year on year +0.7%
  • 1,054 participants in our Opportunity Oxford bridging programme
  • 187 Active spinout companies % change year on year -4.5%

Financial Measures

Income 

  • £3,021.2m

Adjusted surplus

  • £118.1m

Before other gains and one-off exceptional items.

Net Assets

  • £6,903.7m

Capital expenditure on property, plant and equipment

  • £220.8m

Colleges

The colleges of Oxford University (apart from Kellogg, St Cross and Reuben) are financially autonomous. In 2022–23, the aggregate annual incoming resources (including donations for capital projects or endowment) of these 36 colleges amounted to £668.5m. The three main sources of income are teaching, research and residential (38% of the aggregate income), legacies and donations (27%), and investment income (28%).

Other income derives mostly from trading activity such as vacation conferences.

Total resources expended amounted to about £578m in 2022/23; 82% of this expenditure was directly attributed to core activities, including teaching, research and residential services. The balance is split between the costs of fundraising, running trading activities such as conferences and tourism, and investment management costs.

Endowments

The University has endowment reserves of £1.9bn. Individual colleges have their own endowment assets, which amount to £6.4 bn.