diff --git a/CHANGELOG.rst b/CHANGELOG.rst
index 9f23413a0..ca7d954bf 100644
--- a/CHANGELOG.rst
+++ b/CHANGELOG.rst
@@ -17,6 +17,10 @@ Unreleased
 ----------
 * nothing unreleased
 
+[4.32.2]
+--------
+* fix: ensure admin_users in EnterpriseCustomerUserViewSet is correct.
+
 [4.32.1]
 --------
 * feat: enable search filter on learner data transmission audit admin views for all integrated channels.
diff --git a/enterprise/__init__.py b/enterprise/__init__.py
index aceba5514..7073c032b 100644
--- a/enterprise/__init__.py
+++ b/enterprise/__init__.py
@@ -2,4 +2,4 @@
 Your project description goes here.
 """
 
-__version__ = "4.32.1"
+__version__ = "4.32.2"
diff --git a/enterprise/api/v1/serializers.py b/enterprise/api/v1/serializers.py
index 219fbf978..541754029 100644
--- a/enterprise/api/v1/serializers.py
+++ b/enterprise/api/v1/serializers.py
@@ -721,12 +721,25 @@ class Meta:
         )
 
     user = UserSerializer()
-    enterprise_customer = EnterpriseCustomerSerializer()
     data_sharing_consent_records = serializers.SerializerMethodField()
     groups = serializers.SerializerMethodField()
     role_assignments = serializers.SerializerMethodField()
     enterprise_group = serializers.SerializerMethodField()
 
+    def to_representation(self, instance):
+        """
+        Override to pass the instance of `enterprise_customer` to the nested serializer.
+        """
+        representation = super().to_representation(instance)
+        enterprise_customer_instance = instance.enterprise_customer
+        enterprise_customer_serializer = EnterpriseCustomerSerializer(
+            instance=enterprise_customer_instance,
+            context=self.context
+        )
+        representation['enterprise_customer'] = enterprise_customer_serializer.data
+
+        return representation
+
     def _get_role_assignments_by_ecu_id(self, enterprise_customer_users):
         """
         Get enterprise role assignments for each enterprise customer user.
diff --git a/tests/test_enterprise/api/test_views.py b/tests/test_enterprise/api/test_views.py
index 10074e34f..9391f4cff 100644
--- a/tests/test_enterprise/api/test_views.py
+++ b/tests/test_enterprise/api/test_views.py
@@ -555,6 +555,37 @@ def test_get_enterprise_customer_user_contains_features(self):
         response = self.load_json(response.content)
         assert response['enterprise_features'] is not None
 
+    def test_get_enterprise_customer_user_contains_admin_users(self):
+        """
+        Assert whether the paginated response contains `enterprise_customer.admin_users`.
+        """
+        user = factories.UserFactory()
+        enterprise_customer = factories.EnterpriseCustomerFactory(uuid=FAKE_UUIDS[0])
+        factories.EnterpriseCustomerUserFactory(
+            user_id=user.id,
+            enterprise_customer=enterprise_customer
+        )
+        admin_user = factories.UserFactory()
+        SystemWideEnterpriseUserRoleAssignment.objects.create(
+            role=admin_role(),
+            user=admin_user,
+            enterprise_customer=enterprise_customer
+        )
+        response = self.client.get(
+            '{host}{path}?username={username}'.format(
+                host=settings.TEST_SERVER,
+                path=ENTERPRISE_LEARNER_LIST_ENDPOINT,
+                username=user.username
+            )
+        )
+        response = self.load_json(response.content)
+        assert response['results'][0]['enterprise_customer']['admin_users'] == [
+            {
+                'email': admin_user.email,
+                'lms_user_id': admin_user.id,
+            }
+        ]
+
     def test_get_enterprise_customer_user_contains_consent_records(self):
         user = factories.UserFactory()
         enterprise_customer = factories.EnterpriseCustomerFactory(uuid=FAKE_UUIDS[0])