Phoenix Education Partners reported Q1 fiscal 2026 net revenue of $262.0 million, up from $254.7 million a year earlier, driven by average Total Degreed Enrollment of 85,600 versus 82,200. Net income was $15.5 million ($0.40 EPS), down from $46.4 million ($1.23 EPS), and the board declared a $0.21 quarterly dividend.