Filing Flows › Perdoceo Education (PRDO) › Q2 2026
Perdoceo Education (PRDO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Perdoceo Education (PRDO) reported revenue of $213M for the second quarter 2026 (Q2 2026), +2% from a year earlier and -4% from the quarter before. Operating margin was 25.7%, net earnings $48.0M (22.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $213M | -4% | +2% |
| Operating profit | $54.9M | -13% | +7% |
| Net earnings | $48.0M | -11% | +17% |
| Operating cash flow | $74.6M | +8% | -5% |
| Free cash flow | $73.1M | +8% | -4% |
What changed
Revenue was $213.4M in Q2 2026, up 2% year over year and down 4% from the previous quarter. Tuition and Fees Net was the largest line at 99% of revenue. Tuition and Fees Net added $3.8M year over year (up 2%), 99% of the total change.
Operating profit was $54.9M, a 25.7% margin (up 1.2 points year over year). Of the extra revenue versus Q2 2025, 92% reached operating profit, above the 25% margin then. Total costs grew 0% against revenue growth of 2%. Net earnings were $48.0M, up 17% year over year. The effective tax rate was 20.3%.
Operating cash flow was $74.6M (down 5% year over year), 156% of net earnings. Non-cash charges added back $9.3M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items added $14.3M. Capital expenditures of $1.5M left free cash flow of $73.1M.
Questions
What was Perdoceo Education's revenue in the second quarter 2026?
Perdoceo Education (PRDO) reported revenue of $213M for the second quarter 2026 (Q2 2026), +2% from a year earlier and -4% from the quarter before.
Was Perdoceo Education profitable in the second quarter 2026?
Operating profit was $54.9M (25.7% of revenue) and net earnings $48.0M.
Source: Perdoceo Education 10-Q on SEC EDGAR.