Oxford Skyline
Oxford Skyline
Credit: Greg Smolonski. This image comes from Oxford University Images

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 2022-23 (PDF) - the Financial Review 2022/23 can be found on pages 28-34.

Education

 

% change 2021/22 to 2022/23

 % change 2021/22 to 2022/23

13,320
Postgraduate students

-0.9%

Gold
rating in Teaching Excellence Framework

-

12,685
Undergraduate students

0.8%

21.2%
of undergraduates admitted during 2023 UCAS cycle are from the most disadvantaged backgrounds1

-1.7%

 1 ACORN categories 4 and 5, POLAR4 quintile 1 and Free School Meals.   

Research

 

% change 2021/22 to 2022/23

 % change 2021/22 to 2022/23

£789.0m
Research income

10.9%

1st
in the Times Higher Education World University Rankings (8th time running)

-

£147.2m
Research income from industry

25.5%

7,307
Research-related agreements executed

15.6%

Educational Publishing (undertaken by the Press)

 

% change 2021/22 to 2022/23

 % change 2021/22 to 2022/23

£753.0m
Educational publishing income

1.3%

£87.5m
Operating profit

-25%

230 million
visits to journal articles published by OUP

3.1%

84
Major publishing awards won

-

Engagement and Partnership

 

% change 2021/22 to 2022/23

 % change 2021/22 to 2022/23

More than 1,486
participants in the 8-month UNIQ 2023 programme

n/a

1,568
Students from low-income backgrounds supported by Crankstart scholarships

17.2%

171
participants in our Opportunity Oxford bridging programme

-9.5%

180
Active spinout companies

5.3%

Financial Measures

Income 
£2,924.7mIncome chart showing £2924.7m in 2022/23

Adjusted surplus

before other gains and one-off exceptional items

£117.3m*

Adjusted surplus chart showing £117.3m for 2022/23

* a detailed calculation of the Adjusted surplus before gains and other one-off exceptional items is shown on page 28 of the printed report

Net Assets
£5,385.0mNet assets chart showing £5385m for 2022/23
Capital Expenditure on Property, plant and equipment 
£153.2mCapital expenditure chart showing £153.2m for 2022/23

Colleges

The colleges of Oxford University (apart from Kellogg, St Cross and Reuben) are financially autonomous. In 2021–22, the aggregate annual incoming resources (including donations for capital projects or endowment) of these 36 colleges amounted to £587m. The three main sources of income are teaching, research and residential (39% of the aggregate income), legacies and donations (20%), and investment income (31%).

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

Total resources expended amounted to about £630m in 2021/22; 81% 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 assets of £1.7bn. Individual colleges have their own endowment assets, which amount to £6.4 bn.

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