Perdoceo Education Q4 Revenue Up 20% and Approves $100M Buyback
Perdoceo’s Q4 revenue rose 20% to $211.6M with net income of $35.3M and adjusted EPS up 20% to $0.59. Full-year 2025 revenue climbed 24.2% to $846.1M, adjusted EPS reached $2.61, and the company returned $157.6M to shareholders while authorizing a new $100M buyback authorization.
1. Q4 Financial Highlights
Perdoceo reported Q4 revenue of $211.6M, up 20% year-over-year, with net income of $35.3M and adjusted earnings per share of $0.59, a 20% increase from $0.49. Adjusted operating income rose to $51.6M from $42.7M, reflecting continued investments in marketing and strong student retention.
2. Full-Year 2025 Results and 2026 Guidance
For full-year 2025, revenue increased 24.2% to $846.1M and adjusted EPS climbed 15.5% to $2.61, while operating income reached $196.0M and adjusted operating income totaled $237.6M. Management provided 2026 guidance of $250M–$263M in adjusted operating income and $2.97–$3.12 in adjusted EPS.
3. Capital Allocation and Dividends
During 2025, the company returned $157.6M to shareholders, including $120.8M in share repurchases and $36.9M in dividends. In Q4 alone, it repurchased 1.8 million shares for $54.1M and the board approved a new $100M share repurchase authorization along with a $0.15 quarterly dividend.
4. Operational Growth and Enrollment Trends
Total student enrollments grew 7.3% year-over-year, led by CTU’s ninth consecutive quarter of growth and an 11.2% increase at AIU System. The December 2024 acquisition of University of St. Augustine boosted program offerings, ending the fall term with approximately 3,900 students.