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Phoenix Education Partners (PXED) earnings and revenue breakdown

Latest: Q4 FY26 · 10-K filed Nov 3, 2026 · Phoenix Education Partners (PXED) Q4 FY26 earnings results →

Q4 FY26 Revenue up 1% year over year to $261M · 9¢ of every $1 of revenue kept as net profit · operating margin 12.0%

Phoenix Education Partners made $261M in Q4 FY26 (+1% Y/Y). Operating margin 12.0%, net earnings $23.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Nov 3, 2026.

Revenue$261M
Year over year+1%
Operating margin12.0%
Net earnings$23.5M
Operating cash flow$79.6M

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 $260.7M in Q4 FY26, up 1% year over year and down 4% from the previous quarter.

Operating profit was $31.2M, a 12.0% margin (up 3.6 points year over year). Of the extra revenue versus Q4 FY25, 290% reached operating profit, above the 8% margin then. Total costs fell 3% while revenue rose 1%. Net earnings were $23.5M, up 34% year over year ($23.2M including minority interests, which bore $263K of losses). The effective tax rate was 30.4%.

Operating cash flow was $79.6M (up 124% year over year), 343% of net earnings. Non-cash charges added back $6.7M of depreciation and amortization and $9.6M of share-based compensation. Working capital and other items added $40.2M. Capital expenditures of $5.5M left free cash flow of $74.2M.

Quarterly history

Phoenix Education Partners revenue by quarterPhoenix Education Partners revenue by quarter$257MQ4 FY25$262MQ1 FY26$222MQ2 FY26$272MQ3 FY26$261MQ4 FY26
Phoenix Education Partners net earnings by quarterPhoenix Education Partners net earnings by quarter$17.5MQ4 FY25$15.5MQ1 FY26$10.8MQ2 FY26$39.2MQ3 FY26$23.5MQ4 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY2610-KNov 3, 2026$261M+1%12.0%$23.5M$79.6M
Q3 FY2610-QJul 14, 2026$272M0%19.1%$39.2M$36.7M
Q2 FY2610-QApr 7, 2026$222M-0.4%6.3%$10.8M$48.9M
Q1 FY2610-QJan 13, 2026$262M+3%9.8%$15.5M$31.1M
Q4 FY2510-KNov 20, 2025$257M—8.4%$17.5M$35.6M

Charts

Phoenix Education Partners: revenue growth, year over year and quarter over quarterPhoenix Education Partners: revenue growth, year over year and quarter over quarterY/YQ/Q+3%+2%Q1 FY260%-15%Q2 FY26+0%+22%Q3 FY26+1%-4%Q4 FY26
Latest (Q4 FY26): Y/Y +1%, Q/Q -4%.
Phoenix Education Partners: where the cash came from (+) and went (−), FY26Phoenix Education Partners: where the cash came from (+) and went (−), FY26Operating cash flow$196MOther investing−$145MDividends−$25.6MCapital spending−$20.5MTaxes on employees’ shares−$9.1MCash drawn (+) / kept (−)$9.1MBuybacks−$7.1MShares issued$2.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Phoenix Education Partners: profit against cash, quarter by quarterPhoenix Education Partners: profit against cash, quarter by quarterNet incomeOperating cash flow$47.1M−$34.0MQ1 FY25$16.1M$56.2MQ2 FY25$54.6M$29.6MQ3 FY25$17.6M$35.6MQ4 FY25$15.5M$31.1MQ1 FY26$10.5M$48.9MQ2 FY26$38.9M$36.7MQ3 FY26$23.2M$79.6MQ4 FY26
Latest (Q4 FY26): Net income $23.2M, Operating cash flow $79.6M.
Phoenix Education Partners in its industry: growth against margin (22 companies, SIC 8200)Phoenix Education Partners in its industry: growth against margin (22 companies, SIC 8200)revenue growth, year over year →↑ operating marginmedian +2%median 4%GHCLRNCVSALAURSTRALOPEUTIPRDOAPEILINCCHGGNRDYBOXLLGCYAMBOPCSVDFP Holdings LtdKIDZKPEARMGLBRWCPXED (+1%, 12%)
Services-Educational Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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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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🏭Its industry’s money flow (input-output)interactive

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About Phoenix Education Partners

Phoenix Education Partners, Inc. is the parent company of The University of Phoenix, Inc., a pioneer in online education for working adults. Founded in 1976, The University of Phoenix provides access to higher education opportunities that enable students to develop the knowledge and skills necessary to achieve their professional goals, improve the performance of their organizations and provide leadership and service to their communities.

In its own words, from its 8-K, filed Jul 14, 2026.

Phoenix Education Partners against its Services-Educational Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +1% against the peers' median +4%. Operating margin: 12.0% against the peers' median 12.0%.

CompanyQuarterRevenueY/YOp. margin
PXED Phoenix Education PartnersQ4 FY26$261M+1%12.0%
GHC Graham HoldingsQ3 2026$1.3B+4%6.4%
BSAA Best SPAC I AcquisitionQ1 2026$1.2B—0.0%
LRN StrideQ1 FY27$639M+3%13.2%
CVSA CovistaQ1 FY27$512M+11%19.2%
LAUR Laureate EducationQ3 2026$485M+21%24.6%
STRA Strategic EducationQ3 2026$325M+2%-26.9%
LOPE Grand Canyon EducationQ3 2026$267M+2%19.3%
UTI Universal Technical InstituteQ3 FY26$219M+7%1.5%

Source: Phoenix Education Partners 10-K on SEC EDGAR · CIK 1600222 · Services-Educational Services

Guidance and outlook

Phoenix Education Partners Revenue: guidance against what was reportedPhoenix Education Partners Revenue: guidance against what was reportedguided rangereported (above / within / below)FY26$1.0BFY27
Met or beat 0 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns PXED and who is buying

Largest holders of PXED (13F)Largest holders of PXED (13F)Apollo Management Holdings, L.P.$818MVan Berkom & Associates$33.7MFirst Eagle Investment Management…$27.3MWellington Management Group LLP$24.4MMassachusetts Financial Services$21.7MBlackRock$12.6MFIL$8.2MVanguard Capital Management LLC$7.4MGeode Capital Management, LLC$3.9MState Street$3.8M
Funds' net buying of PXED by quarter (13F)Funds' net buying of PXED by quarter (13F)$928M2025-12$35.5M2026-03−$26.7M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PXED

History

Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

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中文版：Phoenix Education Partners（PXED）财报

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