As we approach our first centennial in 2025, it’s evident that resiliency is in the University’s DNA. This inherent trait allowed the University to overcome a financial and operational disruption caused by a global health pandemic, followed by an economic downturn that began in the second half of fiscal year 2022. While faced with a multitude of economic challenges— including a labor shortage, supply chain constraints, and increased inflation—the University successfully navigated the fiscal year, achieving strong financial results with an operating margin of $324.2 million, or 6.9%. The University’s financial performance was led by operating revenue growth of $602 million, or 14.7%, to $4.7 billion, generated by strong demand across the University enterprise.