Laureate Edu | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 615.9 M

Revenue: As of FY2026 Q2, the actual value is USD 615.9 M, beating the estimate of USD 607.56 M.

Second Quarter 2026 Financial Summary

Overall Performance

• New Enrollment: Laureate Education, Inc. reported 40,000 new enrollments in Q2 2026, an increase of 13% compared to Q2 2025 on both an as reported and constant currency basis, reflecting a 9% increase when adjusted for the timing of intakes.
• Total Enrollment: Total enrollment reached 501,000 in Q2 2026, marking a 6% increase year-over-year on both an as reported and constant currency basis.
• Revenue: Revenue for Q2 2026 was $616 million, up 17% as reported and 8% on a constant currency basis compared to Q2 2025.
• Adjusted EBITDA: Adjusted EBITDA for Q2 2026 was $251 million, an increase of 17% as reported and 8% on a constant currency basis year-over-year.
• Adjusted EBITDA Margin: The Adjusted EBITDA margin was 40.7% in Q2 2026, a decrease of -23 basis points as reported and -11 basis points on a constant currency basis.
• Net Income: Net income for Q2 2026 was $137 million, an increase of $39.7 million compared to $97.4 million in Q2 2025.

Year-to-Date Second Quarter 2026 Financial Summary

• New Enrollment: For the six months ended June 30, 2026, new enrollment was 142,000, representing a 10% increase year-over-year on both an as reported and constant currency basis.
• Total Enrollment: Total enrollment was 501,000, up 6% year-over-year on both an as reported and constant currency basis.
• Revenue: Year-to-date revenue was $888 million, an increase of 17% as reported and 6% on a constant currency basis compared to the same period in 2025, or 7% organically/constant currency when adjusted for the timing of the academic calendar.
• Adjusted EBITDA: Year-to-date Adjusted EBITDA was $248 million, up 13% as reported and 3% on a constant currency basis, or 7% organically/constant currency when adjusted for the timing of the academic calendar.
• Adjusted EBITDA Margin: The year-to-date Adjusted EBITDA margin was 27.9%, a decrease of -97 basis points as reported and -82 basis points on a constant currency basis, or -4 basis points organically/constant currency when adjusted for academic calendar timing.
• Net Income: Net income for the six months ended June 30, 2026, was $115.5 million, an increase of $37.6 million compared to $77.9 million in the same period of 2025.

Segment Results (Constant Currency)

Mexico (Q2 2026)

• New Enrollment: 25,000, up 16%.
• Total Enrollment: 249,000, up 5%.
• Revenue: $269 million, up 10%.
• Adjusted EBITDA: $71 million, up 9%.
• Adjusted EBITDA Margin: 26.2%, down -36 basis points.

Mexico (Q2 YTD 2026)

• New Enrollment: 70,000, up 7%.
• Total Enrollment: 249,000, up 5%.
• Revenue: $480 million, up 3%, or 6% organic/constant currency adjusted for timing.
• Adjusted EBITDA: $112 million, down -11%, or -2% organic/constant currency adjusted for timing.
• Adjusted EBITDA Margin: 23.4%, down -385 basis points, or -206 basis points adjusted for timing.

Peru (Q2 2026)

• New Enrollment: 15,000, up 9%.
• Total Enrollment: 252,000, up 8%.
• Revenue: $347 million, up 6%.
• Adjusted EBITDA: $191 million, up 7%.
• Adjusted EBITDA Margin: 55.0%, up 46 basis points.

Peru (Q2 YTD 2026)

• New Enrollment: 72,000, up 14%.
• Total Enrollment: 252,000, up 8%.
• Revenue: $409 million, up 8%, or 7% organic/constant currency adjusted for timing.
• Adjusted EBITDA: $156 million, up 15%, or 13% organic/constant currency adjusted for timing.
• Adjusted EBITDA Margin: 38.1%, up 219 basis points, or 197 basis points adjusted for timing.

Capitalization and Cash Flow

• Gross Debt: As of June 30, 2026, Laureate Education, Inc. had gross debt of $223 million.
• Cash & Cash Equivalents: Cash and cash equivalents totaled $162 million as of June 30, 2026.
• Net Debt: Net debt was $61 million as of June 30, 2026.
• Shares Outstanding: Laureate Education, Inc. had 138 million shares outstanding as of June 30, 2026.
• Share Repurchase Update: $181 million in share buybacks, representing 5.4 million shares, were completed through June year-to-date, and the company announced a $150 million increase in its share repurchase authorization.
• Net Cash Provided by Operating Activities: For the six months ended June 30, 2026, net cash provided by operating activities was $172.9 million, an increase of $41.1 million from $131.8 million in the same period of 2025.
• Free Cash Flow: Free cash flow for the six months ended June 30, 2026, was $137.5 million, an increase of $23.5 million from $114.0 million in the same period of 2025.

Outlook / Guidance

Laureate Education, Inc. raised its full-year 2026 guidance, increasing the mid-point of as reported guidance by $28 million for Revenue and $8 million for Adjusted EBITDA. The company expects 2026 Revenue growth of 13% on a USD reported basis and 6%-7% on a constant currency basis, with Adjusted EBITDA growth of 14%-15% on a USD reported basis and 8%-9% on a constant currency basis. Additionally, an Adjusted EBITDA Margin accretion of approximately 50 basis points and an Adjusted EBITDA to Unlevered Free Cash Flow Conversion of approximately 50% are still anticipated.