Filing Flows › Grand Canyon Education (LOPE) › Q2 2026
Grand Canyon Education (LOPE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Grand Canyon Education (LOPE) reported revenue of $264M for the second quarter 2026 (Q2 2026), +7% from a year earlier and -14% from the quarter before. Operating margin was 22.0%, net earnings $45.9M (17.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $264M | -14% | +7% |
| Operating profit | $58.2M | -39% | +12% |
| Net earnings | $45.9M | -39% | +10% |
| Operating cash flow | $109M | +23% | -12% |
| Free cash flow | $97.9M | +22% | -15% |
What changed
Revenue was $264.0M in Q2 2026, up 7% year over year and down 14% from the previous quarter.
Operating profit was $58.2M, a 22.0% margin (up 1.1 points year over year). Of the extra revenue versus Q2 2025, 38% reached operating profit, above the 21% margin then. Total costs grew 5% against revenue growth of 7%. Net earnings were $45.9M, up 10% year over year. The effective tax rate was 24.7%.
Operating cash flow was $108.6M (down 12% year over year), 237% of net earnings. Non-cash charges added back $3.5M of share-based compensation. Working capital and other items added $59.3M. Capital expenditures of $10.7M left free cash flow of $97.9M.
Questions
What was Grand Canyon Education's revenue in the second quarter 2026?
Grand Canyon Education (LOPE) reported revenue of $264M for the second quarter 2026 (Q2 2026), +7% from a year earlier and -14% from the quarter before.
Was Grand Canyon Education profitable in the second quarter 2026?
Operating profit was $58.2M (22.0% of revenue) and net earnings $45.9M.