This short-term longitudinal investigation focused on associations between victimization in the peer group and academic functioning over a 1-year period. The authors used a multi-informant approach to assess peer victimization, symptoms of depression, and academic outcomes for 199 elementary school children (average age of 9.0 years; 105 boys, 94 girls). Frequent victimization by peers was associated with poor academic functioning (as indicated by grade point averages and achievement test scores) on both a concurrent and a predictive level. Additionally, the authors' analyses provided some evidence that peer group victimization predicts academic difficulties through the mediating influence of depressive symptoms. Taken together, these results highlight the potential negative impact of victimization by peers on children's academic functioning.