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Laureate Education (LAUR) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Laureate Education (LAUR) Q3 2026 earnings results →

Q3 2026 Revenue up 21% year over year to $485M · 21¢ of every $1 of revenue kept as net profit · operating margin 24.6%

Laureate Education made $485M in Q3 2026 (+21% Y/Y). Operating margin 24.6%, net earnings $101M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$485M
Year over year+21%
Operating margin24.6%
Net earnings$101M
Operating cash flow$152M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $485.1M in Q3 2026, up 21% year over year and down 21% from the previous quarter.

Operating profit was $119.1M, a 24.6% margin (up 6.7 points year over year). Of the extra revenue versus Q3 2025, 56% reached operating profit, above the 18% margin then. Total costs grew 11% against revenue growth of 21%. The fastest-growing cost line was Cost of revenue (+12%). Net earnings were $101.2M, up 193% year over year. The effective tax rate was 16.5%.

Operating cash flow was $151.7M (up 8% year over year), 150% of net earnings. Non-cash charges added back $3.9M of share-based compensation. Working capital and other items added $46.7M. Capital expenditures of $27.9M left free cash flow of $123.8M.

Quarterly history

Laureate Education revenue by quarterLaureate Education revenue by quarter$236MQ1 2025$524MQ2 2025$400MQ3 2025$541MQ4 2025$273MQ1 2026$616MQ2 2026$485MQ3 2026
Laureate Education net earnings by quarterLaureate Education net earnings by quarter−$19.6MQ1 2025$95.1MQ2 2025$34.5MQ3 2025$172MQ4 2025−$21.6MQ1 2026$137MQ2 2026$101MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$485M+21%24.6%$101M$152M
Q2 202610-QJul 30, 2026$616M+18%36.3%$137M$111M
Q1 202610-QApr 30, 2026$273M+15%-10.1%−$21.6M$61.9M
Q4 202510-KFeb 19, 2026$541M+28%33.2%$172M$93.4M
Q3 202510-QOct 30, 2025$400M+9%17.9%$34.5M$141M
Q2 202510-QJul 31, 2025$524M+5%36.9%$95.1M$74.1M
Q1 202510-QMay 1, 2025$236M-14%-5.6%−$19.6M$57.8M

Charts

Laureate Education: revenue growth, year over year and quarter over quarterLaureate Education: revenue growth, year over year and quarter over quarterY/YQ/Q-14%Q1 2025+5%+122%Q2 2025+9%-24%Q3 2025+28%+35%Q4 2025+15%-50%Q1 2026+18%+126%Q2 2026+21%-21%Q3 2026
Latest (Q3 2026): Y/Y +21%, Q/Q -21%.
Laureate Education: where the cash came from (+) and went (−), TTM to Q3 2026Laureate Education: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$418MBuybacks−$402MCapital spending−$130MNet borrowing (+) / repaid (−)$62.3MCash drawn (+) / kept (−)$52.4MTaxes on employees’ shares−$6.3MExchange rates$4.6MAsset & business sales$2.4MOther financing−$668KShares issued$83K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Laureate Education: profit against cash, quarter by quarterLaureate Education: profit against cash, quarter by quarterNet incomeOperating cash flow$93.6M$40.7MQ4 2024−$19.6M$57.8MQ1 2025$97.4M$74.1MQ2 2025$34.4M$141MQ3 2025$172M$93.4MQ4 2025−$21.6M$61.9MQ1 2026$137M$111MQ2 2026$101M$152MQ3 2026
Latest (Q3 2026): Net income $101M, Operating cash flow $152M.
Laureate Education: diluted shares by fiscal yearLaureate Education: diluted shares by fiscal year210MFY2020190MFY2021168MFY2022158MFY2023154MFY2024149MFY2025
-29.1% since FY2020: buybacks shrank the count.
Laureate Education in its industry: growth against margin (22 companies, SIC 8200)Laureate Education in its industry: growth against margin (22 companies, SIC 8200)revenue growth, year over year →↑ operating marginmedian +2%median 4%GHCLRNCVSASTRALOPEPXEDUTIPRDOAPEILINCCHGGNRDYBOXLLGCYAMBOPCSVDFP Holdings LtdKIDZKPEARMGLBRWCLAUR (+21%, 25%)
Services-Educational Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Laureate Education

We operate a portfolio of degree-granting higher education institutions in Mexico and Peru. These institutions, which we collectively refer to as the Laureate International Universities n etwork, are leading brands in their respective markets and offer a broad range of undergraduate and graduate degrees through campus-based, online and hybrid programs. Collectively, we have approximately 497,700 students enrolled at five institutions with over 50 campuses as of December 31, 2025. Our institutions in Mexico and Peru operate within scaled country networks, which provide advantages in terms of shared infrastructure, technology, curricula and operational best practices.

In its own words, from its 10-K, filed Feb 19, 2026.

Laureate Education against its Services-Educational Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +21% against the peers' median +4%. Operating margin: 24.6% against the peers' median 12.0%.

CompanyQuarterRevenueY/YOp. margin
LAUR Laureate EducationQ3 2026$485M+21%24.6%
GHC Graham HoldingsQ3 2026$1.3B+4%6.4%
BSAA Best SPAC I AcquisitionQ1 2026$1.2B—0.0%
LRN StrideQ1 FY27$639M+3%13.2%
CVSA CovistaQ1 FY27$512M+11%19.2%
STRA Strategic EducationQ3 2026$325M+2%-26.9%
LOPE Grand Canyon EducationQ3 2026$267M+2%19.3%
PXED Phoenix Education PartnersQ4 FY26$261M+1%12.0%
UTI Universal Technical InstituteQ3 FY26$219M+7%1.5%

Source: Laureate Education 10-Q on SEC EDGAR · CIK 912766 · Services-Educational Services

Guidance and outlook

Laureate Education Revenue: guidance against what was reportedLaureate Education Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$1.6BFY2025$1.7BFY2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns LAUR and who is buying

Largest holders of LAUR (13F)Largest holders of LAUR (13F)FMR LLC$739MBlackRock$737MVanguard Group$415MVanguard Portfolio Management LLC$246MCPV Partners, LLC$207MVanguard Capital Management LLC$198MState Street$186MDimensional Fund Advisors LP$153MNinety One UK$147MGeode Capital Management, LLC$136M
Funds' net buying of LAUR by quarter (13F)Funds' net buying of LAUR by quarter (13F)$4.8M2024-09−$32.5M2024-12$29.4M2025-03−$4.0M2025-06−$21.9M2025-09−$134M2025-12$308M2026-03−$243M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on LAUR

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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