Oxford University Press (OUP) reported a Group turnover of £833 million for the 2023/24 financial year. This figure represents their total revenue generated during that period.
Understanding OUP's Financial Performance
Oxford University Press, a department of the University of Oxford, is a global publishing house with a mission to further the University's objective of excellence in research, scholarship, and education. Its financial performance is primarily measured by its turnover, which reflects the total sales of its books, journals, digital products, and other educational resources worldwide.
Key Financial Highlights (2023/24)
For the fiscal year 2023/24, OUP's financial reporting showcased specific figures that illustrate its operational scale and growth.
- Group Turnover: OUP achieved a £833 million turnover. This figure represents the total value of goods and services sold over the reporting period.
- Turnover Growth: The company experienced a headline turnover growth of 2 per cent. This indicates a positive increase in its revenue compared to the previous year, calculated on an FRS 102 basis (a UK financial reporting standard).
What is Turnover?
Turnover, also known as revenue or sales, is the total amount of money a business generates from its primary operations over a specified period. It's a key indicator of a company's size and market presence, but it should not be confused with profit, which is the money left after all expenses are paid. OUP, as an academic publisher, reinvests its surplus income to support the University of Oxford's educational and research activities.
| Financial Metric | Figure (2023/24) | Description |
|---|---|---|
| Group Turnover | £833 million | Total revenue from sales of products and services. |
| Turnover Growth | 2 per cent | Year-on-year increase in revenue on an FRS 102 basis. |
OUP's Global Reach and Impact
OUP operates in over 50 countries, publishing a vast range of materials for diverse audiences, including:
- Academic and Research: Journals, scholarly monographs, and reference works.
- Education: Textbooks, digital learning platforms, and resources for schools and universities.
- English Language Teaching: Materials for learners and teachers of English worldwide.
- Dictionaries and Reference: Renowned dictionaries and general reference books.
The substantial turnover reflects the widespread adoption and influence of OUP's publications across various educational and professional sectors globally. For detailed financial information, refer to Oxford University Press's official annual reports here.
