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How Perdoceo Education (PRDO) makes money

Perdoceo Education (PRDO) made $216M of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Tuition and Fees Net brought in $215M (99%); Product and Service Other brought in $1.1M (1%). Of every dollar of revenue, 26¢ was left as operating profit, 21¢ was left as net earnings.

Drawing the Sankey…

Perdoceo Education revenue by segment, Q3 2026Perdoceo Education revenue by segment, Q3 2026Tuition and Fees Net$215MProduct and Service Other$1.1M
Perdoceo Education: revenue by line, Q1 2025 to Q3 2026Perdoceo Education: revenue by line, Q1 2025 to Q3 2026Tuition and Fees NetProduct and Service O…Tuition and Fees Net: $215M latest$215MProduct and Service Other: $1.1M latestQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
The mix barely moved between Q1 2025 and Q3 2026.
Perdoceo Education revenue by quarterPerdoceo Education revenue by quarter$213MQ1 2025$210MQ2 2025$212MQ3 2025$212MQ4 2025$222MQ1 2026$213MQ2 2026$216MQ3 2026
Perdoceo Education: where each dollar of revenue goesPerdoceo Education: where each dollar of revenue goesOperating profit26¢Income tax8¢Net earnings21¢Operating cash flow37¢Free cash flow36¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Tuition and Fees Net$215M99.5%+1%+2%
Product and Service Other$1.1M0.5%-7%-4%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$216M100.0%
Operating profit$55.1M25.5%
Income tax$16.4M7.6%
Net earnings$44.4M20.6%
Operating cash flow$79.7M36.9%
Free cash flow$77.6M35.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$216M+2%
Q2 2026$213M+2%
Q1 2026$222M+4%
Q4 2025$212M+20%
Q3 2025$212M+25%
Q2 2025$210M+26%
Q1 2025$213M+27%

From Perdoceo Education's 10-Q filed Nov 5, 2026 (on EDGAR).

Questions

How does Perdoceo Education make money?

Perdoceo Education (PRDO) made $216M of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Tuition and Fees Net brought in $215M (99%); Product and Service Other brought in $1.1M (1%). Of every dollar of revenue, 26¢ was left as operating profit, 21¢ was left as net earnings.

What is Perdoceo Education's biggest business?

Tuition and Fees Net: $215M in the third quarter 2026, 99% of revenue, +2% from a year earlier.

What is Perdoceo Education's profit margin?

Net earnings were $44.4M, 20.6% of revenue, in the third quarter 2026; the operating margin was 25.5%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.