Perdoceo Education (PRDO) Q3 FY2026 earnings: revenue $216 million, up 1.9% on the year
Perdoceo Education Corp. (PRDO) reported revenue of $216 million for Q3 FY2026, the quarter ended 30 September 2026, up 1.9% on the same quarter a year earlier. Net income was $44 million, up 11.4% on the year, and diluted earnings per share $0.70. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$216 million
+1.9% on the year · +1.2% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
25.5%
24.1% a year earlier
Q4 FY2024Q3 FY2026
Net income
$44 million
+11.4% on the year · -7.5% on the quarter
Q4 FY2024Q3 FY2026
Diluted EPS
$0.70
+16.7% on the year · -6.7% on the quarter
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
Third-quarter revenue and EPS rose: Revenue rose 1.9% to $215.9 million and operating income rose 8.1% to $55.1 million. Adjusted diluted EPS was $0.77, up 18.5% from $0.65.
Total enrollment rose to 47,260: Total student enrollments at September 30 rose 1.6% to 47,260. AIUS rose 7.5% to 10,830 and USAHS rose 3.2% to 4,560, while CTU fell 0.5% to 31,870.
CTU operating income fell on legal fees: CTU quarterly revenue rose 0.3% to $117.4 million, but operating income fell 6.1% to $44.9 million. The company attributes the increase in CTU legal fees to previously disclosed matters.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
79.7
74.6
41.2
+6.9%
+93.4%
Capital expenditure
2.2
1.5
1.9
+39.8%
+16.7%
Free cash flow
77.6
73.1
39.4
+6.2%
+97.0%
Free cash flow margin
35.9%
34.3%
18.6%
Cash from investing
-22.5
-58.7
-22.6
Cash from financing
-32.1
-17.4
-31.6
Depreciation and amortisation
9.4
9.3
10.0
+0.7%
-6.1%
Share-based compensation
3.0
3.0
3.2
0.0%
-6.2%
Buybacks
19.9
6.8
20.6
+190.3%
-3.8%
Dividend per share
$0.17
$0.15
$0.15
+13.3%
+13.3%
Diluted shares, weighted
63m
64m
66m
-0.5%
-4.2%
Shares outstanding at period end
62m
63m
64m
-1.0%
-3.6%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,046
1,033
998
+1.3%
+4.9%
Operating lease liabilities
37.5
39.2
46.0
-4.3%
-18.5%
Finance lease liabilities
1.9
3.2
7.5
-40.7%
-75.0%
Other liabilities
271
259
248
+4.9%
+9.5%
Total liabilities and equity
1,357
1,334
1,299
+1.7%
+4.5%
Fixed assets
76.8
78.6
85.2
-2.3%
-9.8%
Goodwill
266
266
258
0.0%
+2.9%
Intangible assets
65.4
69.6
82.1
-6.0%
-20.3%
Investments
588
571
488
+3.0%
+20.5%
Cash and equivalents
189
163
159
+15.7%
+18.2%
Inventory
2.1
2.6
4.0
-18.4%
-47.4%
Other assets
171
184
223
-7.2%
-23.3%
Total assets
1,357
1,334
1,299
+1.7%
+4.5%
Questions
What was Perdoceo Education's revenue in Q3 FY2026?
Perdoceo Education (PRDO) reported revenue of $216 million for Q3 FY2026, the quarter ended 30 September 2026, up 1.9% on the same quarter a year earlier.
How much did Perdoceo Education earn in Q3 FY2026?
Net income for Q3 FY2026 was $44 million, up 11.4% on the year, and diluted earnings per share $0.70.
When did Perdoceo Education report Q3 FY2026 results?
Perdoceo Education filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.