Filing Flows › Perdoceo Education (PRDO) › Q2 2026 › vs Q1 2026
Perdoceo Education (PRDO) Q2 2026 vs Q1 2026 (quarter over quarter)
Perdoceo Education's revenue fell $8.4M (-4%) from $222M in Q1 2026 to $213M in Q2 2026. The biggest changes: Tuition and Fees Net −$8.5M (-4%); Product and Service Other +$108K (+10%). Operating margin 25.7% against 28.5% (-2.7 pts).
Perdoceo Education, Q2 2026: revenue $213M (+2% year over year), operating margin 25.7%, net earnings $48.0M, operating cash flow $74.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 25.7% | 28.5% | -2.7 pts |
| Net margin | 22.5% | 24.3% | -1.8 pts |
| Free cash flow margin | 34.3% | 30.5% | +3.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Tuition and Fees Net | $212M | $221M | −$8.5M | -4% |
| Product and Service Other | $1.2M | $1.1M | $108K | +10% |
| Revenue | $213M | $222M | −$8.4M | -4% |
| Other income, net | $5.3M | $5.0M | $317K | +6% |
| Operating profit | $54.9M | $63.1M | −$8.2M | -13% |
| Costs & expenses | $158M | $159M | −$147K | -0.1% |
| Pre-tax earnings | $60.2M | $68.1M | −$7.9M | -12% |
| General & admin | $98.2M | $102M | −$4.0M | -4% |
| Other operating costs | $60.2M | $56.4M | $3.8M | +7% |
| Net earnings | $48.0M | $54.0M | −$6.0M | -11% |
| Income tax | $12.2M | $14.2M | −$1.9M | -14% |
| Depreciation & amortization | $9.3M | $9.3M | −$3K | 0% |
| Share-based compensation | $3.0M | $3.2M | −$200K | -6% |
| Working capital & other | $14.3M | $2.9M | $11.4M | +392% |
| Operating cash flow | $74.6M | $69.4M | $5.2M | +8% |
| Free cash flow (OCF − capex) | $73.1M | $67.6M | $5.4M | +8% |
| Capital expenditures | $1.5M | $1.7M | −$194K | -11% |
Questions
How much did Perdoceo Education's revenue grow quarter over quarter in Q2 2026?
Perdoceo Education's revenue fell $8.4M (-4%) from $222M in Q1 2026 to $213M in Q2 2026.
What drove Perdoceo Education's revenue change in Q2 2026?
Tuition and Fees Net −$8.5M (-4%); Product and Service Other +$108K (+10%).