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Perdoceo Education (PRDO) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Perdoceo Education (PRDO) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $216M · 21¢ of every $1 of revenue kept as net profit · operating margin 25.5%
Perdoceo Education made $216M in Q3 2026 (+2% Y/Y): Tuition and Fees Net $215M, Product and Service Other $1.1M. Operating margin 25.5%, net earnings $44.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 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 $215.9M in Q3 2026, up 2% year over year and up 1% from the previous quarter. Tuition and Fees Net was the largest line at 99% of revenue. Tuition and Fees Net added $4.0M year over year (up 2%), 101% of the total change. Product and Service Other declined 4%.
Operating profit was $55.1M, a 25.5% margin (up 1.5 points year over year). Of the extra revenue versus Q3 2025, 104% reached operating profit, above the 24% margin then. Total costs fell 0% while revenue rose 2%. Net earnings were $44.4M, up 11% year over year. The effective tax rate was 27.0%.
Operating cash flow was $79.7M (up 93% year over year), 180% of net earnings. Non-cash charges added back $9.4M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $22.9M. Capital expenditures of $2.2M left free cash flow of $77.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 5, 2026 | $216M | +2% | 25.5% | $44.4M | $79.7M |
| Q2 2026 | 10-Q | Aug 6, 2026 | $213M | +2% | 25.7% | $48.0M | $74.6M |
| Q1 2026 | 10-Q | May 7, 2026 | $222M | +4% | 28.5% | $54.0M | $69.4M |
| Q4 2025 | 10-K | Feb 19, 2026 | $212M | +20% | 19.8% | $35.3M | $40.1M |
| Q3 2025 | 10-Q | Nov 4, 2025 | $212M | +25% | 24.1% | $39.9M | $41.2M |
| Q2 2025 | 10-Q | Jul 31, 2025 | $210M | +26% | 24.5% | $41.0M | $78.8M |
| Q1 2025 | 10-Q | May 1, 2025 | $213M | +27% | 24.3% | $43.7M | $65.1M |
Charts
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🔄Rotation against the market and its industry (RRG)interactive
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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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About Perdoceo Education
Perdoceo’s accredited academic institutions offer a quality postsecondary education to a diverse student population, with fully online, campus-based and hybrid learning programs. The Company’s academic institutions – Colorado Technical University (“ CTU ”), the American InterContinental University System (“ AIUS ” or “ AIU System ”) and University of St. Augustine for Health Sciences (" USAHS" ) – provide degree programs from the associate through doctoral level as well as non-degree seeking and professional development programs. Our academic institutions offer students industry-relevant and career-focused academic programs that are designed to meet the educational needs of today’s busy adults.
In its own words, from its 10-K, filed Feb 19, 2026.
Perdoceo 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 +3%. Operating margin: 25.5% against the peers' median 13.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PRDO Perdoceo Education | Q3 2026 | $216M | +2% | 25.5% |
| 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% |
| LOPE Grand Canyon Education | Q3 2026 | $267M | +2% | 19.3% |
| PXED Phoenix Education Partners | Q4 FY26 | $261M | +1% | 12.0% |
Source: Perdoceo Education 10-Q on SEC EDGAR · CIK 1046568 · Services-Educational Services
Guidance and outlook
13F: who owns PRDO and who is buying
More on PRDO
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Perdoceo Education guidance history: guided vs reported
- Perdoceo Education operating margin by quarter
- Perdoceo Education net income by quarter
- Perdoceo Education free cash flow by quarter
- Perdoceo Education capital expenditures by quarter
- Perdoceo Education Tuition and Fees Net revenue by quarter
- Perdoceo Education Product and Service Other revenue by quarter
Compare PRDO with
- Perdoceo Education vs Phoenix Education Partners (PRDO vs PXED)
- Perdoceo Education vs Universal Technical Institute (PRDO vs UTI)
- Perdoceo Education vs Grand Canyon Education (PRDO vs LOPE)
- Perdoceo Education vs American Public Education (PRDO vs APEI)
- Perdoceo Education vs Lincoln Educational Services (PRDO vs LINC)