Phoenix Education Partners
Runs online degree and certificate programs for working adults through University of Phoenix.
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Profile
Operates University of Phoenix, an online post-secondary institution serving working adults through degree programs, certificates, employer relationships, skills-aligned curriculum, digital badges, and career support. The business is reported as one University segment and depends on accreditation, Title IV eligibility, employer-paid enrollment, and proprietary-school regulation.
Operates through The University of Phoenix, Inc., offering online degree and certificate programs for working adults. Degree programs sit at the center of revenue, while certificates, employer relationships, skills-aligned curriculum, digital badges, and career-focused support round out the model.
Activity is concentrated in the United States through a Phoenix campus and distance education authorization. Program areas span business and information technology, health professions, social and behavioral sciences, education, nursing, doctoral studies, and general studies.
Execution depends on student enrollment and retention, employer tuition relationships, Higher Learning Commission accreditation, and eligibility for federal student-aid programs. The proprietary-school model is shaped by Title IV oversight, the 90/10 Rule, and past FTC and borrower-defense scrutiny.
Company facts
Key statistics
Year to date −1.4% · Average volume (30d) 110.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 15, 2026 | BMO Capital | Reiterate | Outperform | $39 | $36 |
| Jul 15, 2026 | Morgan Stanley | Reiterate | Overweight | $46 | $40 |
| Jan 14, 2026 | Morgan Stanley | Reiterate | Overweight | $45 | $46 |
| Jan 14, 2026 | BMO Capital | Target | $45 | $39 | |
| Dec 4, 2025 | Barrington | Target | $45 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 14, 2026Q3 FY26 | $1.28 | $1.43 | +11.7% | $271.2M | $271.8M | +0.2% | −12.79% |
| Apr 7, 2026Q2 FY26 | $0.34 | $0.58 | +70.6% | $220.3M | $222.5M | +1.0% | −0.81% |
| Jan 13, 2026Q1 FY26 | $1.27 | $1.38 | +8.7% | $257.5M | $262.0M | +1.7% | −10.47% |
| Nov 20, 2025Q4 FY25 | $0.92 | $1.04 | +12.8% | $251.9M | $257.4M | +2.2% | +2.83% |
Financial highlights
| 11 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $254.7M | $223.4M | $257.4M | $262.0M | $222.5M | $271.8M | |
| Gross profit | $146.6M | $116.2M | $147.2M | $146.8M | $117.2M | $149.6M | |
| Operating income | $64.6M | $25.8M | $21.7M | $40.2M | $19.1M | $51.8M | |
| Net income | $46.4M | $16.1M | $17.5M | $15.5M | $10.8M | $39.2M | |
| Diluted EPS | $1.30 | $0.45 | $0.49 | $0.40 | $0.28 | $1.01 | |
| Gross margin | 57.5% | 52.0% | 57.2% | 56.0% | 52.7% | 55.0% | |
| Operating margin | 25.4% | 11.5% | 8.4% | 15.4% | 8.6% | 19.1% |
Fiscal years (4-quarter sums)FY24 $932.2M · FY25 $975.7M
Balance sheet, May 31, 2026Cash & short-term investments $233.0M · Total debt $65.7M · Total assets $608.6M · Shareholders' equity $324.3M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 29, 2026 | Jul 29 | Aug 14 | $0.21 | |
| Apr 29, 2026 | Apr 29 | May 22 | $0.21 | |
| Jan 28, 2026 | Jan 28 | Feb 18 | $0.21 |
Ownership
Shares outstanding 36.05M · Float 30.23M · 83.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Apollo Management Holdings, L.P. | 24.90M | 69.08% | 13F | May 15, 2026 |
| Apollo Principal Holdings A GP, Ltd. | 24.90M | 69.50% | 13G | May 14, 2026 |
| AP VIII Socrates Holdings, L.P. · 10 percent owner | 24.90M | 69.08% | Form 4 | Oct 17, 2025 |
| TVG-I-E-AEG Holdings, LP | 4.94M | 13.84% | 13G | Jan 16, 2026 |
| Martin H. Nesbitt · director, 10 percent owner: | 4.94M | 13.69% | Form 4 | Oct 17, 2025 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 15, 2025 | TVG-I-E-AEG Holdings, LP | 10 percent owner | −105,452 | $29.92 |
| Oct 15, 2025 | Martin H. Nesbitt | director, 10 percent owner: | −105,452 | $29.92 |
| Oct 15, 2025 | Adnan A. Nisar | director, 10 percent owner: | −105,452 | $29.92 |
| Oct 10, 2025 | TVG-I-E-AEG Holdings, LP | 10 percent owner | −703,015 | $29.92 |
| Oct 10, 2025 | Martin H. Nesbitt | director, 10 percent owner: | −703,015 | $29.92 |
Peers
- Strategic Education
Closest public peer in adult online degrees and employer education
- American Public Education
Adult online university and nursing programs overlap with Phoenix
- Perdoceo Education
Career-focused online universities with direct degree overlap
- Grand Canyon Education
Large online university-services model tied to GCU enrollment
- Coursera
Online degrees, certificates, and enterprise skills alternative
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Phoenix Education Partners | $29.33 | +0.22% | $1.06B | 13.5 | 6.4 | 1.0 | +21.7% |
| Strategic Education | $84.64 | +0.01% | $1.92B | 14.1 | 10.5 | 1.5 | +2.7% |
| American Public Education | $46.01 | −0.07% | $844.0M | 18.9 | 17.7 | 1.3 | +5.5% |
| Perdoceo Education | $33.57 | −0.03% | $2.10B | 12.3 | — | 2.5 | +1.8% |
| Grand Canyon Education | $151.19 | +0.01% | $3.94B | 18.3 | 14.1 | 3.5 | +6.7% |
| Coursera | $6.47 | −0.08% | $1.19B | — | 8.3 | 1.3 | +59.6% |
| Median | 16.2 | 12.3 | 1.5 | +5.5% |