Grand Canyon Education Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,126	1,106	1,033	960.9	911.31	896.56
Revenue Growth (YoY)	7.43%	7.07%	7.50%	5.44%	1.64%	6.22%
Gross Profit	1,126	1,106	1,033	960.9	911.31	896.56
Selling, General & Admin	280.23	276.62	258.72	246.04	241.58	224.7
Depreciation & Amortization Expenses	8.42	8.42	8.42	8.42	8.42	8.42
Other Operating Expenses	563.52	555.12	490.47	457.19	423.81	381.26
Total Operating Expenses	852.17	840.16	757.6	711.64	673.81	614.37
Operating Income	273.35	265.91	275.4	249.26	237.5	282.19
Interest Income	-	-	-	-	-	52.09
Interest Expense	-	-	-	-	-0	-3.6
Other Non-Operating Income (Expense)	13.58	13.94	15.92	10.42	2.62	0.61
Total Non-Operating Income (Expense)	13.58	13.94	15.92	10.42	2.62	49.1
Pretax Income	286.93	279.85	291.32	259.68	240.12	331.29
Provision for Income Taxes	67.03	63.68	65.08	54.69	55.44	70.95
Net Income	219.9	216.17	226.23	204.99	184.68	260.34
Net Income to Common	219.9	216.17	226.23	204.99	184.68	260.34
Net Income Growth	-4.33%	-4.45%	10.37%	11.00%	-29.07%	1.22%
Shares Outstanding (Basic)	27	28	29	30	32	44
Shares Outstanding (Diluted)	28	28	29	30	32	44
Shares Change (YoY)	-4.67%	-4.26%	-2.91%	-6.48%	-26.66%	-6.80%
EPS (Basic)	8.05	7.76	7.77	6.83	5.75	5.94
EPS (Diluted)	8.00	7.71	7.73	6.80	5.73	5.92
EPS Growth	0.38%	-0.26%	13.68%	18.67%	-3.21%	8.62%
Shares Outstanding	26.71	27.39	28.86	29.95	31.06	37.72
Free Cash Flow	260.04	238.65	252.71	199.13	185.59	284.24
Free Cash Flow Growth	8.97%	-5.56%	26.91%	7.29%	-34.71%	1.73%
Free Cash Flow Per Share	9.41	8.52	8.63	6.61	5.76	6.47
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	24.29%	24.04%	26.66%	25.94%	26.06%	31.47%
Profit Margin	19.54%	19.54%	21.90%	21.33%	20.26%	29.04%
FCF Margin	23.10%	21.58%	24.46%	20.72%	20.36%	31.70%
EBITDA	314.14	305.81	311.95	281.23	268.68	312.6
EBITDA Margin	27.91%	27.65%	30.20%	29.27%	29.48%	34.87%
EBIT	273.35	265.91	275.4	249.26	237.5	282.19
EBIT Margin	24.29%	24.04%	26.66%	25.94%	26.06%	31.47%
Effective Tax Rate	23.36%	22.76%	22.34%	21.06%	23.09%	21.41%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q