The in-line print and maintained guidance suggest limited near-term catalyst. Monitor the Q3 2026 earnings call for updates on CTU legal fee trajectory and enrollment trends at AIUS (down 1.0% YoY). The 13.3% dividend increase signals management confidence in cash generation, but the decelerating revenue growth warrants caution.
Price Chart
Executive Summary
Perdoceo Education reported Q2 2026 results that were in-line with consensus estimates: GAAP EPS of $0.75 (adjusted EPS of $0.80) on revenue of $213.4M (+1.8% YoY). The company raised its quarterly dividend by 13.3% to $0.17/share and maintained its full-year 2026 EPS guidance at $2.91-$2.97 (GAAP) / $3.10-$3.16 (adjusted). The beat was driven by continued margin expansion at USAHS and strong cash generation, though revenue growth decelerated from Q1's 4.1% pace and CTU operating income declined 5.1% due to higher legal fees. The stock is likely to trade flat to slightly positive given the in-line print and steady guidance.
Key Financial Metrics
Key Facts
- Q2 2026 GAAP EPS of $0.75 vs $0.62 YoY (+21.0%), in-line with $0.80 adjusted consensus
- Revenue of $213.4M (+1.8% YoY), slightly above $212.5M consensus
- Full-year 2026 GAAP EPS guidance maintained at $2.91-$2.97; adjusted EPS at $3.10-$3.16
- Quarterly dividend increased 13.3% to $0.17/share
- Operating cash flow of $74.6M in Q2; cash & investments total $734.8M
- Total student enrollments up 0.7% YoY to 46,830; USAHS grew 6.0%
- CTU operating income declined 5.1% due to increased legal fees on previously disclosed matters
Financial Impact
In-line quarter with modest revenue beat; no material financial impact beyond normal quarterly variance
Risk Factors
- Decelerating revenue growth (1.8% in Q2 vs 4.1% in Q1)
- CTU operating income decline due to elevated legal costs
- AIUS enrollment decline (-1.0% YoY) and revenue contraction (-1.8%)
- Regulatory risk from FTC settlement and potential changes to federal student aid programs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-337919 |
| Document: prdo-20260806.htm | 0001193125-26-337919 |
| Document: 0001193125-26-337919-index-headers.html | 0001193125-26-337919 |
| Document: 0001193125-26-337919-index.html | 0001193125-26-337919 |
| Document: 0001193125-26-337919.txt | 0001193125-26-337919 |
| 8-K Data (Synthetic) | 0001193125-26-337919 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 14, 2026 6w ago | 8-K | $33.06 $33.73 | ▲ +2.03% | ▼ −0.24% | $32.80 (−0.79%) |
Aug 6, 2026 11w ago | 8-K | $33.85 $33.20 | ▼ −1.92% | ▼ −1.52% | $32.80 (−3.10%) |
May 27, 2026 21w ago | 8-K | $33.09 $33.33 | ▲ +0.73% | ▲ +3.87% | $32.80 (−0.88%) |
May 12, 2026 24w ago | Insider Cluster | $35.12 $35.22 | ▲ +0.28% | ▲ +2.01% | $32.80 (−6.61%) |
May 7, 2026 24w ago | 8-K | $36.04 $34.27 | ▼ −4.91% | ▼ −4.93% | $32.80 (−8.99%) |
Mar 18, 2026 31w ago | Insider Cluster | $34.28 $35.47 | ▼ −3.47% | ▲ +2.58% | $32.80 (+4.32%) |
Mar 13, 2026 32w ago | Insider Cluster | $34.67 $35.03 | ▼ −1.04% | ▲ +2.76% | $32.80 (+5.39%) |
US Market Status
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