--- title: "Grand Canyon Edu | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 264.05 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294409137.md" datetime: "2026-07-30T20:10:37.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294409137.md) - [en](https://longbridge.com/en/news/294409137.md) - [zh-HK](https://longbridge.com/zh-HK/news/294409137.md) generator: "portal-rs" --- # Grand Canyon Edu | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 264.05 M Revenue: As of FY2026 Q2, the actual value is USD 264.05 M, beating the estimate of USD 261.8 M. EPS: As of FY2026 Q2, the actual value is USD 1.75, beating the estimate of USD 1.68. EBIT: As of FY2026 Q2, the actual value is USD 60.85 M. Grand Canyon Education, Inc. reported its second quarter and six-month results for 2026, showing year-over-year growth across key metrics driven by increased university partner enrollments. #### Second Quarter 2026 Financial Highlights Service revenue for the three months ended June 30, 2026, was $264.0 million, an increase of 6.7% compared to $247.5 million for the same period in 2025. Operating income for the second quarter of 2026 was $58.2 million, an increase of 12.3% from $51.8 million in 2025. The operating margin improved to 22.0% in Q2 2026 from 20.9% in Q2 2025. Net income for the three months ended June 30, 2026, was $45.9 million, an increase of 10.4% compared to $41.5 million in 2025. Adjusted EBITDA increased by 8.9% to $73.4 million for Q2 2026, up from $67.4 million in Q2 2025. Income tax expense was $15.0 million, an increase of 11.4% from $13.5 million in 2025. The effective tax rate for Q2 2026 was 24.7%, slightly up from 24.5% in Q2 2025, primarily due to higher state income taxes. #### Six Months Ended June 30, 2026 Financial Highlights Service revenue for the six months ended June 30, 2026, was $572.8 million, an increase of 6.7% compared to $536.8 million for the same period in 2025. Operating income for the six months ended June 30, 2026, was $153.6 million, an increase of 9.9% from $139.8 million in 2025. The operating margin for the six-month period improved to 26.8% in 2026 from 26.0% in 2025. Net income for the six months ended June 30, 2026, was $121.2 million, an increase of 7.1% compared to $113.2 million in 2025. Adjusted EBITDA increased by 8.7% to $184.1 million for the six months ended June 30, 2026, compared to $169.4 million in 2025. Income tax expense was $38.1 million, an increase of 14.7% from $33.3 million in 2025. The effective tax rate for the six-month period was 23.9% in 2026, up from 22.7% in 2025, due to higher state income taxes and a decrease in excess tax benefits. #### Operational Metrics (Enrollments) Total university partner enrollments increased by 7.6% to 126,231 at June 30, 2026, up from 117,283 at June 30, 2025. Grand Canyon University (GCU) enrollments increased by 7.5% to 121,921 at June 30, 2026, compared to June 30, 2025. Enrollments at off-campus classroom and laboratory sites were 5,829, a 16.8% increase over June 30, 2025. GCU ground student enrollments were 8,910 at June 30, 2026, a 3.9% increase from 8,579 at June 30, 2025. GCU online enrollments reached 113,011 at June 30, 2026, a 7.8% increase from 104,856 at June 30, 2025. #### Liquidity and Capital Resources Unrestricted cash and cash equivalents and investments stood at $274.5 million at June 30, 2026, a decrease of $25.6 million from $300.1 million at December 31, 2025. Net cash provided by operating activities for the six months ended June 30, 2026, was $196.855 million, up from $191.639 million for the same period in 2025. #### 2026 Outlook For Q3 2026, service revenue is projected to be between $268.5 million and $270.5 million, with an operating margin between 19.5% and 20.0%. The Full Year 2026 outlook anticipates service revenue between $1,165.3 million and $1,172.3 million, and an operating margin between 28.0% and 28.2%. The effective tax rate for the full year is expected to be 23.2%. ### Related Stocks - [LOPE.US](https://longbridge.com/en/quote/LOPE.US.md) ## Related News & Research - [Grand Canyon Education, Inc. $LOPE Shares Acquired by American Century Companies Inc.](https://longbridge.com/en/news/278204946.md) - [Did Strong Q2 Earnings and Steady GCU Fees Just Shift Grand Canyon Education's (LOPE) Investment Narrative?](https://longbridge.com/en/news/294617178.md) - [Why Duolingo stock popped today](https://longbridge.com/en/news/296295693.md) - [Universal Technical Institute (UTI) Stock May Trade At A Premium Despite Its 265% Run](https://longbridge.com/en/news/296349683.md) - [Natalie Glance Sells 2,751 Shares of Duolingo (NASDAQ:DUOL) Stock](https://longbridge.com/en/news/296482330.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**