Grand Canyon Education Reports Q3 2026 Results with EPS Beat and Increased Share Repurchases
Grand Canyon Education (LOPE) reported third-quarter 2026 service revenue of $267.3 million, a 2.4% year-over-year increase driven by growth in university partner enrollments. While total enrollments rose 5.2% to 145,270 students, the results were mixed; online enrollments grew by 7.1%, but ground campus enrollments saw a 4.1% decline due to missing new fall enrollment expectations. Operating income surged 185.6% to $51.5 million, largely because the prior year included a significant litigation settlement. Despite lower ground enrollment and investments in university partners impacting adjusted operating margins (20.5%), non-GAAP diluted EPS of $1.77 beat consensus estimates. The company continues an aggressive capital allocation strategy, having spent $306.4 million on share repurchases year-to-date.
Coverage
- Grand Canyon Education Reports Q3 2026 Results with EPS Beat and Increased Share Repurchases
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