Annual Financial Report 2024 2025

Virginia Tech Financial Report 2024-2025

26. Expenses by Natural Classification within Functional Classification The university’s operating expenses by functional classification for the year ended June 30, 2025 (all dollars in thousands) Other

Sponsored Scholarships

Compensation Contractual

Supplies and Operating

Program Contracts

and

and Benefits

Services

Travel

Materials

Expenses

Fellowships

Total

Instruction

$ 502,046 $ 22,906 $ 14,968 $

9,841 $ 8,627 $

909 $

3,725 $

563,022 478,142 136,880 162,209 39,229 117,323 109,622 13,361 332,027

Research

314,831 87,286 123,787 28,304 115,468 48,671

36,206 14,329 17,694

15,973

23,335

4,972

50,453

32,372

Public service

6,781 2,678 1,967

3,306

17,930

6,492 1,535

756

Academic support Student services* Institutional support

13,238

2,153

1,124

5,272

2,080

581 184

788

237

324

80

24

81

1,162

Operations and maintenance Student financial assistance

11,591

281

149

48,838

- -

92

-

-

-

-

-

13,361

Auxiliary enterprises

155,120

42,484

17,753

57,323

58,794

28

525

Subtotal before other costs $ 1,375,513 $ 150,806 $ 60,481 $ 109,296 $ 142,079 $ 60,286 $ 53,354

1,951,815

Depreciation and amortization

192,802

$ 2,144,617

Total operating expenses

*Includes loan administrative fees and collection costs.

Photo by Peter Means/Virginia Tech

57