Filing Flows › Phoenix Education Partners (PXED) › Q2 FY26
Phoenix Education Partners (PXED) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 7, 2026
Phoenix Education Partners (PXED) reported revenue of $222M for the second quarter fiscal 2026 (Q2 FY26), -0.4% from a year earlier and -15% from the quarter before. Operating margin was 6.3%, net earnings $10.8M (4.8% of revenue).
Phoenix Education Partners, Q2 FY26: revenue $222M (-0.4% year over year), operating margin 6.3%, net earnings $10.8M, operating cash flow $48.9M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $222M | -15% | -0.4% |
| Operating profit | $14.0M | -45% | -29% |
| Net earnings | $10.8M | -30% | -33% |
| Operating cash flow | $48.9M | +57% | -13% |
| Free cash flow | $43.5M | +65% | -15% |
What changed
Revenue was $222.5M in Q2 FY26, roughly flat year over year and down 15% from the previous quarter.
Operating profit was $14.0M, a 6.3% margin (down 2.5 points year over year). Total costs grew 2% against flat revenue. Net earnings were $10.8M, down 33% year over year ($10.5M including minority interests, which bore $311K of losses). The effective tax rate was 31.3%.
Operating cash flow was $48.9M (down 13% year over year), 467% of net income including minority interests. Non-cash charges added back $5.7M of depreciation and amortization and $9.7M of share-based compensation. Working capital and other items added $23.0M. Capital expenditures of $5.4M left free cash flow of $43.5M.
Questions
What was Phoenix Education Partners' revenue in the second quarter fiscal 2026?
Phoenix Education Partners (PXED) reported revenue of $222M for the second quarter fiscal 2026 (Q2 FY26), -0.4% from a year earlier and -15% from the quarter before.
Was Phoenix Education Partners profitable in the second quarter fiscal 2026?
Operating profit was $14.0M (6.3% of revenue) and net earnings $10.8M.