Business Wire·May 7, 2026, 4:01 PM ET

Perdoceo Education Corporation Announces First Quarter 2026 Results

PRDO

Perdoceo Education Corporation reported first quarter 2026 operating results with earnings per diluted share increasing 30.8% to $0.85 compared to $0.65 in the prior year.
Total revenue grew 4.1% to $221.7 million, while operating income rose 22.0% to $63.1 million.
Adjusted operating income increased 14.1% to $72.5 million, driven by strong performance across CTU, AIUS, & USAHS.
Total student enrollments reached 48,740 as of March 31, 2026, representing a 1.1% increase year-over-year, with growth at CTU (1.9%) & USAHS (3.1%) offsetting a decline at AIUS (-2.2%).
Net income for the quarter was $54.0 million, up from $43.7 million in the prior year quarter.
The company declared a quarterly dividend of $0.15 per share on May 6, 2026, payable on June 12, 2026 to shareholders of record as of June 1, 2026.
Net cash provided by operating activities totaled $69.4 million for the quarter, compared to $65.1 million in the prior year.
Cash, cash equivalents, restricted cash, & available-for-sale short-term investments totaled $680.0 million as of March 31, 2026.
The company provided second quarter 2026 outlook projecting operating income between $53.6 million & $54.6 million, with adjusted earnings per diluted share expected between $0.79 & $0.80.
Full year 2026 outlook projects operating income between $217.1 million & $226.1 million, with adjusted earnings per diluted share expected between $3.05 & $3.16.
Key outlook assumptions include consistent prospective student interest, no material regulatory disruptions, & an effective tax rate of approximately 20.0% for Q2 & 23.0% for the full year.
A conference call to discuss results & outlook is scheduled for May 7, 2026, at 5:00 p.m. Eastern time.