Filing Flows › Grand Canyon Education (LOPE) › Q2 2026 › vs Q1 2026
Grand Canyon Education (LOPE) Q2 2026 vs Q1 2026 (quarter over quarter)
Grand Canyon Education's revenue fell $44.7M (-14%) from $309M in Q1 2026 to $264M in Q2 2026. Operating margin 22.0% against 30.9% (-8.9 pts).
Grand Canyon Education, Q2 2026: revenue $264M (+7% year over year), operating margin 22.0%, net earnings $45.9M, operating cash flow $109M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 22.0% | 30.9% | -8.9 pts |
| Net margin | 17.4% | 24.4% | -7.0 pts |
| Free cash flow margin | 37.1% | 25.9% | +11.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $264M | $309M | −$44.7M | -14% |
| Other income, net | $2.7M | $3.0M | −$319K | -11% |
| Operating profit | $58.2M | $95.5M | −$37.3M | -39% |
| Costs & expenses | $206M | $213M | −$7.4M | -3% |
| Pre-tax earnings | $60.9M | $98.5M | −$37.6M | -38% |
| General & admin | $10.1M | $10.3M | −$210K | -2% |
| Other operating costs | $196M | $203M | −$7.2M | -4% |
| Net earnings | $45.9M | $75.3M | −$29.5M | -39% |
| Income tax | $15.0M | $23.1M | −$8.1M | -35% |
| Share-based compensation | $3.5M | $3.6M | −$142K | -4% |
| Working capital & other | $59.3M | $9.3M | $50.1M | +541% |
| Operating cash flow | $109M | $88.2M | $20.4M | +23% |
| Free cash flow (OCF − capex) | $97.9M | $80.1M | $17.8M | +22% |
| Capital expenditures | $10.7M | $8.1M | $2.6M | +32% |
Questions
How much did Grand Canyon Education's revenue grow quarter over quarter in Q2 2026?
Grand Canyon Education's revenue fell $44.7M (-14%) from $309M in Q1 2026 to $264M in Q2 2026. Operating margin 22.0% against 30.9% (-8.9 pts).