Perdoceo Education Corporation Reports Third Quarter and Year to Date 2026 Results
Q3 EPS $0.70, up 16.7%; adj. EPS $0.77, up 18.5%; revenue $215.9M, up 1.9%; $0.17 dividend declared, $19.9M buyback.
What this release says
Perdoceo reported third quarter and year-to-date 2026 results with higher earnings per share and revenue, and said student retention trended near historical highs. The company also reaffirmed plans to acquire South University, with completion expected as early as April 2027, which it says should add to adjusted operating income starting in 2027. For a shareholder, the results show steady growth, while the acquisition is still pending and not yet closed.
Key figures
- Q3 diluted EPS
- $0.70
- Q3 revenue
- $215.9 million
- Year-to-date diluted EPS
- $2.31
- Year-to-date revenue
- $651.0 million
- Total student enrollments
- 47,260
- Quarterly dividend
- $0.17 per share
Positive for shareholders
- Earnings per diluted share rose 16.7% in the third quarter and 23.5% year to date.
- Student retention trended near historical highs, according to management.
- The company declared a quarterly dividend of $0.17 per share and repurchased 0.6 million shares in the quarter.
- The South University acquisition is expected to be immediately accretive to adjusted operating income beginning in 2027.
Negative for shareholders
- Revenue growth was modest at 1.9% in the quarter and 2.6% year to date.
- The South University acquisition is subject to completion and has not closed yet.
- Management plans continued investment in student support and technology, which may weigh on margins.
- Total enrollments at CTU fell slightly by 0.5%.
Written by Quantisnow AI from this release. Not financial advice.
Key terms
- Adjusted earnings per diluted share:
- Earnings per share adjusted by the company to exclude certain significant and non-cash items, which is not a standard GAAP measure.
- Accretive:
- Describes a deal that is expected to increase the acquirer's earnings per share or profit measure after completion.
- Title IV:
- The U.S. federal student aid programs that schools must participate in to offer federally funded loans and grants.
- Share repurchase program:
- A plan under which a company buys back its own shares from the market, reducing shares outstanding.
FAQ
How much did Perdoceo's earnings per diluted share grow in the third quarter of 2026?
Earnings per diluted share increased 16.7% to $0.70 from $0.60 in the prior year quarter, according to the release.
When does Perdoceo expect to complete the South University acquisition?
The company expects to complete the acquisition as early as April 2027, and says it would be immediately accretive to adjusted operating income beginning in 2027.
What dividend did Perdoceo declare with these results?
On November 5, 2026, the board declared a quarterly dividend of $0.17 per share, payable December 11, 2026 to holders of record as of November 27, 2026.
Historical context for PRDO
Across the 9 sessions after earlier PRDO headlines, the stock closed higher 8 times and lower 1 times, with a median move of 2.0% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | PRDO | SPY |
|---|---|---|---|
| Oct 23, 2026 | Perdoceo Education Corporation Schedules Third Quarter Earnings Conference Call for November 5th | +0.2% | -0.5% |
| Sep 14, 2026 | Perdoceo Education Corporation Signs Definitive Agreement to Acquire South University | +0.1% | -0.4% |
| Aug 7, 2026 | Perdoceo Education Corporation Reports Second Quarter and Year to Date 2026 Results | +4.3% | +0.6% |
| Jul 23, 2026 | Perdoceo Education Corporation Schedules Second Quarter Earnings Conference Call for August 6th | +4.9% | -1.2% |
| May 8, 2026 | Perdoceo Education Corporation Announces First Quarter 2026 Results | +4.6% | +0.8% |
| Apr 22, 2026 | Perdoceo Education Corporation Schedules First Quarter Earnings Conference Call for May 7th | +1.2% | +1.0% |
Keep researching PRDO
- PRDO earnings historyPast Perdoceo Education Corporation earnings releases, newest first.
- What is Earnings per share?A company's net income available to common shareholders divided by its weighted average shares outstanding, reported as basic and diluted figures.
- How to read an earnings reportAn earnings report is a company's quarterly results release, usually filed under 8-K Item 2.02. Learn how to read revenue, EPS, margins, guidance and the 10-Q.
- Earnings calendarWho reports this week, and the results as they come out.
- PRDO financial statementsRevenue, profit, cash flow and balance sheet from Perdoceo Education Corporation's SEC filings.
- PRDO insider tradesEvery buy and sale reported by Perdoceo Education Corporation officers, directors and large holders.
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