- Phoenix Education Partners (University of Phoenix) reported Q2 2026 revenue of $222.5M with enrollment at 82,600 students, while net income dropped to $10.8M due to IPO-related share compensation.
- Adjusted EBITDA rose to $34.8M, and the University has issued over one million digital badges, highlighting its focus on career-relevant skills.
- For 2026, the company projects $1,025-$1,035M in net revenue with adjusted EBITDA of $244-$249M, alongside a $50M share repurchase and continued $0.21/share dividend.
Phoenix Education Partners, Inc. (NYSE: PXED), the parent company of The University of Phoenix, reported second-quarter 2026 revenue of $222.5 million, with Average Total Degreed Enrollment rising to 82,600 students. Net income fell to $10.8 million due to share-based compensation from its recent IPO, while adjusted EBITDA increased to $34.8 million.
CEO Chris Lynne highlighted the University’s focus on career-relevant skills, noting over one million digital badges have been issued to students and alumni. The University also outperformed national benchmarks in student satisfaction in the Encoura + Ruffalo Noel Levitz Priorities Survey for Online Learners.
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For the first six months of 2026, the University’s net revenue reached $484.5 million, with enrollment at 84,100 and adjusted EBITDA of $110 million. The company announced a $50 million share repurchase program and will continue paying a $0.21 per share dividend.
The University expects full-year 2026 net revenue between $1,025 million and $1,035 million and adjusted EBITDA of $244 million to $249 million, emphasizing its focus on student success, financial stability, and career-focused learning
