Phoenix Education Partners' second-quarter performance exceeds expectations, stock price surges 8%

LootboxPhobia · 2026-04-07T21:25:18+00:00

Phoenix Education Partner Company’s second-quarter performance exceeded expectations, with an adjusted EPS of $0.58 and revenue of $222.5 million, causing the stock price to rise by 8.2%. Revenue for fiscal year 2026 is projected to be between $1,025 million and $1,035 million. Phoenix University’s enrollment increased to 82,600 students, with GAAP net profit of $10.8 million. The company announced a cash dividend of $0.21 per share and plans to repurchase $50 million worth of shares.

LootboxPhobia

2026-04-07 21:25:18

Abstract generation in progress

Phoenix - Phoenix Education Partners (NYSE:PXED) reported second-quarter results that exceeded analysts’ expectations. Adjusted earnings per share were $0.58, above the market’s general expectation of $0.42. Revenue reached $222.5 million, exceeding analysts’ expected $220.8 million, but slightly down from $223.4 million in the same period last year, a year-over-year decrease of 0.4%.

After the earnings announcement, the stock price rose 8.2%.

The company issued guidance for fiscal year 2026, expecting revenue to be between $1,025.0 million and $1,035.0 million, with a midpoint of $1,030.0 million. Adjusted EBITDA is expected to be between $244.0 million and $249.0 million, with a midpoint of $246.5 million.

Chris Lynne, Chief Executive Officer of Phoenix Education Partners and President of Phoenix University, said: “In university, we are always focused on helping students develop skills that can be directly applied to their careers. We are proud to award students and alumni more than 1 million digital badges representing verified skills.”

In the second quarter, Phoenix University’s average total enrollment in degree programs increased to 82,600, from 81,100 in the same period last year. GAAP net profit attributable to Phoenix Education Partners was $10.8 million, or diluted earnings per share of $0.28, compared with $16.1 million, or diluted earnings per share of $0.43, in the second quarter of 2025. The company said the decline in GAAP net profit was mainly attributable to share-based compensation from the initial public offering.

Adjusted EBITDA for the second quarter reached $34.8 million, compared with $32.3 million in the same period last year. The company’s board of directors approved a common stock cash dividend of $0.21 per share, payable on May 22, 2026, and authorized a new share repurchase program of up to $50 million.

As of February 28, 2026, Phoenix Education Partners’ total cash, cash equivalents, and marketable securities were $252.1 million, with no outstanding debt.

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