PERDOCEO EDUCATION CORP
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $846.1M | $681.3M | $712.2M | $695.3M | $693.0M | $685.2M | $624.8M | $580.3M |
| University_Group | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Health_Education | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Art_Design | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Culinary_Arts | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| International | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Career_Schools | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| CTU | — | — | $439.1M | $444.6M | $421.3M | $405.1M | $384.1M | $374.8M |
| AIU_System | — | — | $273.1M | $250.7M | $271.7M | $280.1M | $240.7M | $205.5M |
| Transitional_Other | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $410.9M | $367.1M | $398.1M | $426.1M | $418.5M | $417.2M | $430.2M | $390.7M |
| Operating Income | $196.0M | $174.3M | $150.4M | $129.6M | $149.0M | $142.9M | $86.5M | $71.3M |
| Operating Margin | 23.2% | 25.6% | 21.1% | 18.6% | 21.5% | 20.9% | 13.8% | 12.3% |
| Interest Expense | — | — | $404.0K | $400.0K | $920.0K | $167.0K | $167.0K | $681.0K |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $56.9M | $53.9M | $44.5M | $38.4M | $39.4M | $22.5M | $22.4M | $18.6M |
| Net Income | $159.9M | $147.6M | $147.7M | $95.9M | $109.6M | $124.3M | $70.0M | $55.2M |
| Net Margin | 18.9% | 21.7% | 20.7% | 13.8% | 15.8% | 18.1% | 11.2% | 9.5% |
| EPS (Basic) | $2.47 | $2.25 | $2.22 | $1.41 | $1.57 | $1.79 | $1.00 | $0.79 |
| EPS (Diluted) | $2.42 | $2.19 | $2.18 | $1.39 | $1.55 | $1.74 | $0.97 | $0.77 |
| Shares Outstanding (Basic) | 64.8M | 65.6M | 66.5M | 67.9M | 70.0M | 69.4M | 70.1M | 69.6M |
| Shares Outstanding (Diluted) | 66.2M | 67.2M | 67.8M | 69.0M | 70.9M | 71.3M | 72.1M | 71.5M |
| Dividends Per Share | $0.56 | $0.48 | $0.22 | — | — | — | — | — |