Grand Canyon Education (LOPE) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 06, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

2.78

Last Year’s EPS

2.57

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 1 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 18, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a predominately positive operating and financial picture: enrollment growth (online and hybrid), revenue growth, margin expansion, an EPS beat, continued site/program expansion and aggressive share repurchases. Management acknowledged near-term headwinds — tougher comps in early 2026, revenue-per-student mix shifts, hybrid capacity constraints, a modest revenue hit from contract modifications/teach-outs (~$4.2M), regulatory noise around one graduate program category, and short-term margin pressure from investments — but positioned those as manageable and, in some cases, margin-accretive over time. Given the balance of strong operational metrics, profitability improvements, positive guidance posture and strategic investments outweighing the listed challenges, the tone is constructive and confident.

Company Guidance

The company provided 2026 GAAP and non‑GAAP guidance with quarterly ranges (seasonal start/end timing causes quarter-to-quarter shifts) and said the midpoint of EPS guidance is above consensus largely due to a lower projected share count from continued buybacks (605,730 shares repurchased in Q4 for ~$100M plus 352,051 since year‑end; $284.6M remaining authorization); Q4 2025 benchmarks include service revenue $308.1M, operating income $108.1M and operating margin 35.1%. For 2026 they expect new online starts to be up mid‑ to high‑single digits with total online enrollment growth pressured by graduations/reentries (midpoint near the high end of their 5–7% long‑term target), hybrid pillar new and total enrollment growth in the high‑single‑digits to mid‑teens per quarter (one new hybrid site in fall 2026; 14 locations at/near capacity), and GCU ground enrollment ranges of 21,900 (spring), 8,500–8,800 (summer) and 24,900–25,600 (fall) with the midpoint implying high‑single‑digit new‑start growth; they estimate a $4.2M revenue headwind from a contract modification and a partner teach‑out and semester timing shifts that move ~$1.0M from Q2 to Q1 and ~$8.3M from Q3 to Q4 vs. prior year. Financial cadence expectations include slightly lower margins in H1, margin expansion in H2 and full‑year margin growth, FY CapEx of $30–35M (Q4 CapEx ~$7.6M or 2.5% of service revenue), declining interest income from lower cash balances, and an expected effective tax rate by quarter of 23.4%, 24.9%, 24.9% and 24.3% (FY 24.3%).

Strong Online Enrollment Growth

Online enrollment grew 8.7% year-over-year in Q4 2025, driven by mid-single-digit new starts and continued program rollouts and employer partnerships; total online headcount cited at over 107,000 students.

Robust Hybrid Campus Expansion and Performance

Hybrid enrollments increased 16.6% year-over-year in Q4 2025 (18.7% excluding closed/teach-out sites). Key ABSN prerequisite courses have enrolled 20,536 students; 66% of matriculated hybrid students took at least one of these courses (avg. five courses each). Graduation rate for students entering ABSN mid-80s and NCLEX first-time pass rate ~90%.

Revenue Growth and Beat

Service revenue was $308.1 million for Q4 2025, up $15.5 million or 5.3% versus Q4 2024, and above expectations (management noted revenue was higher than forecast primarily due to enrollment strength).

Margin and Profitability Improvement

Operating income was $108.1 million with an operating margin of 35.1% in Q4 2025, up from $100.0 million and 34.2% in Q4 2024. Management expects full-year 2026 margins to expand year-over-year, with some front-half pressure and second-half leverage potential.

Strong Earnings and Consensus Beat

GAAP diluted EPS for Q4 2025 was $3.14; as-adjusted non-GAAP diluted EPS was $3.21 (Q4 2024: $2.95) — $0.02 above consensus for the quarter and management beat last year's midpoint guidance by $0.46.

Capital Allocation: Aggressive Share Repurchases

Repurchased 605,730 shares in Q4 2025 for approximately $100 million and an additional 352,051 shares since Dec 31, 2025; $284.6 million remains under the repurchase authorization. Management expects continued meaningful buybacks.

Healthy Liquidity and Controlled CapEx

Total unrestricted cash, cash equivalents and investments: $300.1 million as of Dec 31, 2025. Q4 CapEx was ~$7.6 million (2.5% of service revenue); 2026 CapEx guidance of $30–$35 million.

Hybrid & Workforce Program Product Expansion

Opened five new sites in 2025 (including three GCU ABSN sites) and launched/expanded program offerings (graduate nursing specialization with Northeastern, hybrid OT bridge, online health sciences additions, planned BS and medical lab sciences). Center for Workforce Development enrolled and completed job-focused short programs (e.g., 212 electrician pre-apprenticeship completions; 33 CNC Machinist completions).

AI and Academic Outcomes Progress

Company emphasized dozens of AI products across academic and operational areas, reporting improved student performance on exit/licensure exams (all-time highs cited) and increased academic efficiency, especially in licensure-focused programs.

Guidance Conservative But Positive

2026 guidance midpoints generally in line with consensus for revenue and operating income, EPS midpoint above consensus driven by lower share count. Management expects online new enrollments mid- to high-single-digits and full-year total enrollment growth at or slightly above long-term objective (5%–7%) at midpoint.

Grand Canyon Education (LOPE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LOPE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2026	2026 (Q1)	2.78 / -	2.57	―	―	―
Feb 18, 2026	2025 (Q4)	3.19 / 3.21	2.95	8.81% (+0.26)	―
Nov 05, 2025	2025 (Q3)	1.78 / 1.78	1.48	20.27% (+0.30)	―
Aug 06, 2025	2025 (Q2)	1.38 / 1.53	1.27	20.47% (+0.26)	―
May 06, 2025	2025 (Q1)	2.51 / 2.57	2.35	9.36% (+0.22)	―
Feb 19, 2025	2024 (Q4)	2.94 / 2.95	2.77	6.50% (+0.18)	―
Nov 06, 2024	2024 (Q3)	1.47 / 1.48	1.26	17.46% (+0.22)	―
Aug 06, 2024	2024 (Q2)	1.10 / 1.27	1.01	25.74% (+0.26)	―
May 07, 2024	2024 (Q1)	2.22 / 2.35	2	17.50% (+0.35)	―
Feb 13, 2024	2023 (Q4)	2.72 / 2.77	2.36	17.37% (+0.41)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LOPE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 18, 2026	$167.79	$154.60	-7.86%
Nov 05, 2025	$178.28	$167.05	-6.30%
Aug 06, 2025	$172.05	$194.68	+13.15%
May 06, 2025	$185.45	$194.01	+4.62%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Grand Canyon Education (LOPE) report earnings?

Grand Canyon Education (LOPE) is schdueled to report earning on May 06, 2026, After Close (Confirmed).

What is Grand Canyon Education (LOPE) earnings time?

Grand Canyon Education (LOPE) earnings time is at May 06, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is LOPE EPS forecast?

LOPE EPS forecast for the fiscal quarter 2026 (Q1) is 2.78.