Phoenix Education Reports Q4 2026 Results with Revenue Growth and Increased Dividend

Phoenix Education (PXED) reported fourth-quarter net revenue of $260.7 million, a 1.3% increase driven by enrollment gains and improved student retention. Adjusted EBITDA rose 8.6% to $61.5 million, benefiting from expense discipline and lower credit loss provisions. The company also announced a 10% increase in its quarterly dividend to $0.23 per share. Despite the positive quarterly performance, the company issued cautious fiscal 2027 revenue guidance of $970 million to $1 billion. This outlook reflects headwinds from search algorithm disruptions affecting non-employer enrollment channels. To mitigate these challenges and support growth priorities, Phoenix Education plans to implement $35 million in cost savings through a 5% workforce reduction (excluding faculty) and is focusing its academic pipeline on high-growth sectors like nursing and healthcare.

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