Strong Financial Performance
Total revenue reached $1.79 billion, up 12.9% year-over-year. Adjusted EBITDA margin expanded 190 basis points to 25.7%. Adjusted earnings per share grew 33% to $6.67. Free cash flow was $283 million.
Enrollment Growth
Total enrollment grew every quarter, averaging over 10% for the year. Chamberlain University and Walden University both achieved strong enrollment growth, with Walden up 15% and Chamberlain up 5.8% in the fourth quarter.
Strategic Partnerships
A newly announced partnership with SSM Health provides a direct employment pathway for students, showcasing the model's scalability and alignment with employer needs.
Strong Segment Performance
Both Chamberlain and Walden were recognized by the Carnegie Foundation for their impact on post-graduation earnings. Med/Vet segment enrollment grew by 1% with promising signals for long-term growth.
Debt Reduction and Share Repurchase
Reduced Term Loan B balance by $100 million, lowered borrowing costs by 75 basis points, and returned $211 million to shareholders through share repurchases.