Laureate Education, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.70B | $1.57B | $1.48B | $1.24B | $1.09B | $1.02B | $1.21B | $1.14B |
| Cost of Revenue | $1.22B | $1.15B | $1.09B | $907.4M | $814.5M | $802.5M | $949.5M | $904.0M |
| Gross Profit | $482.2M | $419.8M | $394.5M | $334.9M | $272.2M | $222.5M | $262.6M | $240.6M |
| Gross Margin | 28.3% | 26.8% | 26.6% | 27.0% | 25.0% | 21.7% | 21.7% | 21.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $51.1M | $45.8M | $52.6M | $64.8M | $204.4M | $199.8M | $226.3M | $267.4M |
| Operating Income | $431.1M | $374.0M | $338.8M | $270.0M | $-4.6M | $-329.3M | $36.0M | $-26.8M |
| Operating Margin | 25.3% | 23.9% | 22.8% | 21.7% | -0.4% | -32.1% | 3.0% | -2.3% |
| Interest Expense | — | — | $21.0M | $16.4M | $46.3M | $100.9M | $125.0M | $188.4M |
| Pretax Income | $400.9M | $414.5M | $254.5M | $245.9M | $-137.5M | $-450.8M | $-119.7M | $-120.1M |
| Income Tax Expense | $117.3M | $119.0M | $137.6M | $185.4M | $145.6M | $-130.1M | $31.0M | $71.2M |
| Net Income | $281.6M | $296.5M | $107.6M | $69.6M | $192.4M | $-613.3M | $938.5M | $370.1M |
| Net Margin | 16.5% | 18.9% | 7.2% | 5.6% | 17.7% | -59.8% | 77.4% | 32.3% |
| EPS (Basic) | $1.91 | $1.93 | $0.69 | $0.42 | $1.01 | $-2.93 | $4.23 | $1.79 |
| EPS (Diluted) | $1.89 | $1.92 | $0.68 | $0.41 | $1.01 | $-2.93 | $4.23 | $1.73 |
| Shares Outstanding (Basic) | 147.8M | 153.3M | 157.3M | 167.7M | 189.7M | 209.7M | 221.9M | — |
| Shares Outstanding (Diluted) | 148.7M | 153.9M | 157.9M | 168.3M | 189.7M | 209.7M | 221.9M | 212.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |