Filing Flows › Phoenix Education Partners (PXED) › Q3 FY26
Phoenix Education Partners (PXED) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jul 14, 2026
Phoenix Education Partners (PXED) reported revenue of $272M for the third quarter fiscal 2026 (Q3 FY26), 0% from a year earlier and +22% from the quarter before. Operating margin was 19.1%, net earnings $39.2M (14.4% of revenue).
Phoenix Education Partners, Q3 FY26: revenue $272M (0% year over year), operating margin 19.1%, net earnings $39.2M, operating cash flow $36.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $272M | +22% | 0% |
| Operating profit | $51.8M | +270% | -27% |
| Net earnings | $39.2M | +263% | -27% |
| Operating cash flow | $36.7M | -25% | +24% |
| Free cash flow | $31.8M | -27% | +32% |
What changed
Revenue was $271.8M in Q3 FY26, roughly flat year over year and up 22% from the previous quarter.
Operating profit was $51.8M, a 19.1% margin (down 7.1 points year over year). Operating profit fell $19.3M even though revenue rose $98K versus a year earlier, so costs grew faster than sales. Total costs grew 10% against flat revenue. The fastest-growing cost line was General & admin (+17%). Net earnings were $39.2M, down 27% year over year. The effective tax rate was 27.1%.
Operating cash flow was $36.7M (up 24% year over year), 94% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $8.5M of share-based compensation. Working capital and other items used $16.2M. Capital expenditures of $4.9M left free cash flow of $31.8M.
Questions
What was Phoenix Education Partners' revenue in the third quarter fiscal 2026?
Phoenix Education Partners (PXED) reported revenue of $272M for the third quarter fiscal 2026 (Q3 FY26), 0% from a year earlier and +22% from the quarter before.
Was Phoenix Education Partners profitable in the third quarter fiscal 2026?
Operating profit was $51.8M (19.1% of revenue) and net earnings $39.2M.