Grand Canyon Education Q3 net income jumps to $43M

Grand Canyon Education (NASDAQ:LOPE) reported third-quarter 2026 service revenue of $267.3 million, up 2.4% year over year, while net income increased to $43 million from $16.3 million.

Diluted earnings per share rose to $1.67 from $0.58, while operating margin increased to 19.3% from 6.9%, although adjusted net income declined to $45.6 million from $49.7 million.

University partner enrollment increased 5.2% to 145,270 from 138,073 a year earlier, while a later fall semester start shifted $7.5 million in service revenue from the third quarter into the fourth quarter.

Cash and investments totaled $162.1 million at September 30, 2026, compared with $300.1 million at December 31, 2025, while the board approved an additional $355 million in share repurchase authorization, leaving $394.5 million available as of November 2.

Grand Canyon Education provides education-related services to 20 university partners, including student recruitment, enrollment management, counselling, financial services, technology, curriculum development and faculty support.

For full-year 2026, management reaffirmed its forecast of $1,160.7 million–$1,161.7 million in service revenue and diluted EPS of $9.81–$9.85, with adjusted diluted EPS guidance of $10.09–$10.13.