Earnings Releases·Nov 5, 2026, 4:01 PM ET

Perdoceo Education Corporation — Third Quarter 2026 Earnings Summary

Third quarter 2026 revenue rose 1.9% year-over-year to $215.9 million, while diluted earnings per share increased 16.7% to $0.70 and adjusted EPS grew 18.5% to $0.77; full-year 2026 revenue and diluted EPS are projected to reach $651.0 million and $2.93–$2.97, respectively.
The company raised full-year 2026 adjusted operating income guidance to $260.0–$263.0 million and adjusted EPS guidance to $3.15–$3.19, driven by strong operating income growth of 8.1% in the quarter to $55.1 million and robust operating cash flow of $79.7 million.
Strategic capital allocation includes a declared quarterly dividend of $0.17 per share and $19.9 million in share repurchases, alongside a definitive agreement to acquire South University for approximately $130–$150 million plus deferred and earn-out considerations, expected to close by April 2027.
Total student enrollments increased 1.6% to 47,260, with significant growth at USAHS (3.2%) and AIUS (7.5%) offsetting a slight decline at CTU (-0.5%); management notes strong retention trends and anticipates no material impact from AI usage or Grad PLUS loan program changes.