Grand Canyon Education, Inc.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2009 | — | 17.8% | 10.4% |
| FY2010 | — | 15.1% | 9.1% |
| FY2011 | — | 19.3% | 11.8% |
| FY2012 | — | 22.3% | 13.6% |
| FY2013 | — | 23.9% | 14.8% |
| FY2014 | — | 26.2% | 16.1% |
| FY2015 | — | 27.0% | 16.9% |
| FY2016 | — | 27.2% | 17.0% |
| FY2017 | — | 29.0% | 20.9% |
| FY2018 | — | 30.5% | 27.1% |
| FY2019 | — | 34.1% | 33.3% |
| FY2020 | — | 32.9% | 30.5% |
| FY2021 | — | 31.5% | 29.0% |
| FY2022 | — | 26.1% | 20.3% |
| FY2023 | — | 25.9% | 21.3% |
| FY2024 | — | 26.7% | 21.9% |
| FY2025 | — | 24.0% | 19.5% |