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Grand Canyon Education (LOPE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Grand Canyon Education (LOPE) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $267M · 16¢ of every $1 of revenue kept as net profit · operating margin 19.3%
Grand Canyon Education made $267M in Q3 2026 (+2% Y/Y). Operating margin 19.3%, net earnings $43.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
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 $267.3M in Q3 2026, up 2% year over year and up 1% from the previous quarter.
Operating profit was $51.5M, a 19.3% margin (up 12.4 points year over year). Of the extra revenue versus Q3 2025, 539% reached operating profit, above the 7% margin then. Total costs fell 11% while revenue rose 2%. The fastest-growing cost line was General & admin (+12%). Net earnings were $43.0M, up 164% year over year. The effective tax rate was 20.0%.
Operating cash flow was −$25.3M. Non-cash charges added back $3.4M of share-based compensation. Working capital and other items used $71.7M. Capital expenditures of $10.7M exceeded it, leaving free cash flow of −$36.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $267M | +2% | 19.3% | $43.0M | −$25.3M |
| Q2 2026 | 10-Q | Jul 30, 2026 | $264M | +7% | 22.0% | $45.9M | $109M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $309M | +7% | 30.9% | $75.3M | $88.2M |
| Q4 2025 | 10-K | Feb 18, 2026 | $308M | +5% | 35.1% | $86.7M | $130M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $261M | +10% | 6.9% | $16.3M | −$48.6M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $247M | +9% | 20.9% | $41.5M | $124M |
| Q1 2025 | 10-Q | May 6, 2025 | $289M | +5% | 30.4% | $71.6M | $67.6M |
Charts
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 Grand Canyon Education
Grand Canyon Education, Inc., a Delaware corporation (“GCE” or the “Company”) is a publicly traded education services company dedicated to serving colleges and universities. GCE has developed significant technological solutions, infrastructure and operational processes to provide services to these institutions on a large scale. GCE’s most significant university partner is Grand Canyon University (“GCU”), an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across ten colleges both online and on ground at its campus in Phoenix, Arizona and at eleven off-campus classroom and laboratory sites.
In its own words, from its 10-K, filed Feb 18, 2026.
Grand Canyon Education against its Services-Educational Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +4%. Operating margin: 19.3% against the peers' median 12.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LOPE Grand Canyon Education | Q3 2026 | $267M | +2% | 19.3% |
| GHC Graham Holdings | Q3 2026 | $1.3B | +4% | 6.4% |
| BSAA Best SPAC I Acquisition | Q1 2026 | $1.2B | — | 0.0% |
| LRN Stride | Q1 FY27 | $639M | +3% | 13.2% |
| CVSA Covista | Q1 FY27 | $512M | +11% | 19.2% |
| LAUR Laureate Education | Q3 2026 | $485M | +21% | 24.6% |
| STRA Strategic Education | Q3 2026 | $325M | +2% | -26.9% |
| PXED Phoenix Education Partners | Q4 FY26 | $261M | +1% | 12.0% |
| UTI Universal Technical Institute | Q3 FY26 | $219M | +7% | 1.5% |
Source: Grand Canyon Education 10-Q on SEC EDGAR · CIK 1434588 · Services-Educational Services
Guidance and outlook
13F: who owns LOPE and who is buying
More on LOPE
- How Grand Canyon Education makes money: revenue by segment
- Grand Canyon Education next earnings date and what analysts expect
- Grand Canyon Education stock forecast, price target and fair value
- Who owns Grand Canyon Education stock: holders, funds and Congress trades
- Grand Canyon Education guidance and outlook
- Is Grand Canyon Education a takeover target? LBO and rumors
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results