Grand Canyon Education Q3 revenue rises 2.4% to $267.3 million; GAAP EPS $1.67
Grand Canyon Education reported third quarter 2026 service revenue of $267.3 million, up 2.4%, and GAAP diluted EPS of $1.67 versus $0.58 a year earlier. The prior-year quarter included a $35.0 million litigation settlement, and adjusted diluted EPS was $1.77 versus $1.78 while adjusted EBITDA fell 3.2%, so the profit gain is largely a comparison effect. The board also approved a $355.0 million increase to its buyback authorization, and the company issued fourth quarter and full-year 2026 guidance.
Key points
- Service revenue was $267.3 million, up from $261.1 million; university partner enrollments rose 5.2% to 145,270.
- Diluted EPS was $1.67 versus $0.58; adjusted diluted EPS was $1.77 versus $1.78, and the prior-year quarter included a $35.0 million litigation settlement.
- Adjusted EBITDA decreased 3.2% to $73.5 million from $75.9 million.
- On October 28, 2026 the board approved a $355.0 million buyback increase; $394.5 million remained available as of November 2, 2026. Q4 2026 diluted EPS guidance is $3.57 to $3.61.
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
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