Phoenix Education Partners, Inc. reported third-quarter fiscal 2026 results with revenue essentially flat year-over-year at $271.8M, while net income and diluted earnings declined versus the prior-year quarter. The company recorded net income attributable to Phoenix Education Partners, Inc. of $39.17M and diluted EPS of $1.01 for the quarter ended May 31, 2026.
Financial Highlights
- Revenue: $271.8M for 3Q FY2026 (three months ended May 31, 2026), essentially flat vs $271.7M in the year-ago quarter (0.0% YoY).
- Net income: $39.17M attributable to Phoenix Education Partners, Inc. for 3Q FY2026, down from $53.84M in the year-ago quarter ( (27.3%) ).
- Diluted EPS: $1.01 for 3Q FY2026, versus $1.42 in the year-ago quarter (decline vs prior year quarter).
Business Highlights
- Net revenue was flat in Q3 year-over-year and up 0.9% year-to-date, supported by 2.2% enrollment growth driven by improved retention.
- Employer-sponsored enrollment increased to about 35% of degreed enrollment, up roughly three percentage points, strengthening the B2B channel.
- Retention for the 2024/25 cohort improved to 76.6% from 71.5% previously, underpinning sustained enrollment and graduation gains.
- Operationally, the company completed its IPO in October 2025, exited most ground campuses while maintaining one campus, and continued office-space rationalization.
- Phoenix Education Partners continued investing in its digital platform, talent development and marketing, while noting regulatory and cybersecurity risks as areas of focus.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.