At the end of fiscal year 2023, the University of Miami reflects on the outstanding financial milestones as it closes in on its centennial year in 2025. Behind these impressive results lie the dedication, resilience, and collective efforts of the entire University community.

We often speak about the heart and soul of our institution—our talented students, dedicated faculty, and committed staff. This report spotlights another facet of our success story: our commitment to financial resilience and operational excellence. Despite the myriad of challenges that educational institutions and academic medical centers have faced globally, the University of Miami not only withstood these pressures but has thrived resulting from our unwavering commitment to advance the U.

In fiscal year 2023, the University demonstrated its ability to consistently achieve robust financial results. Total net assets increased $366.0 million, or 9.8%, contributed by a strong operating margin of $335.6 million, or 6.5%. The University’s overall financial position ended the fiscal year at $4.1 billion.