Perdoceo Education Corp (PRDO) financials
Perdoceo Education revenue and earnings by year
Perdoceo Education's revenue was $846 million in the fiscal year to December 31, 2025, up 24.2% from the year before. Net income was $160 million, 18.9% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 2.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 846 | 681 | 710 | 695 | 693 | 687 | 628 | 581 | 596 | 704 |
| Revenue growth | 24.2% | -4.0% | 2.1% | 0.3% | 0.8% | 9.5% | 8.0% | -2.5% | -15.3% | — |
| Gross profit | 649 | 560 | 580 | 578 | 584 | 576 | 526 | 471 | 453 | 469 |
| Gross margin | 76.7% | 82.3% | 81.6% | 83.2% | 84.3% | 83.7% | 83.8% | 81.1% | 76.0% | 66.6% |
| Operating income | 196 | 174 | 150 | 130 | 149 | 143 | 86 | 71 | 34 | -32 |
| Operating margin | 23.2% | 25.6% | 21.2% | 18.6% | 21.5% | 20.8% | 13.8% | 12.3% | 5.7% | -4.6% |
| Net income | 160 | 148 | 148 | 96 | 110 | 124 | 70 | 55 | -32 | -19 |
| Net margin | 18.9% | 21.7% | 20.8% | 13.8% | 15.8% | 18.1% | 11.1% | 9.5% | -5.3% | -2.7% |
| Diluted EPS | $2.42 | $2.19 | $2.18 | $1.39 | $1.55 | $1.75 | $0.97 | $0.78 | -$0.47 | -$0.28 |
| Free cash flow | 217 | 157 | 106 | 136 | 181 | 170 | 68 | 50 | -28 | 2 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open PRDO in Markets.
How Perdoceo Education makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Tuition & Fees Net | $212M | 99.4% |
| Product & Service Other | $1.23M | 0.6% |
See also: PRDO valuation and P/E history · PRDO returns
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Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.