Laureate Education (LAUR)
Market Price (11/7/2026): $33.595 | Market Cap: $4.6 BilSector: Consumer Discretionary | Industry: Education Services
Laureate Education (LAUR)
Market Price (11/7/2026): $33.595Market Cap: $4.6 BilSector: Consumer DiscretionaryIndustry: Education Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, FCF Yield is 6.2% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% Low stock price volatilityVol 12M is 32% Megatrend and thematic driversMegatrends include Future of Education. Themes include Digital Learning Platforms, Workforce Skills Development, and Global Education Access. | Key risksLAUR key risks include [1] its significant exposure to regulatory, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, FCF Yield is 6.2% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 21% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 26% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Future of Education. Themes include Digital Learning Platforms, Workforce Skills Development, and Global Education Access. |
| Key risksLAUR key risks include [1] its significant exposure to regulatory, Show more. |
Qualitative Assessment
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Laureate Education (LAUR) stock has lost about 10% since 7/31/2026 because of the following key factors:
1. Reversal of Favorable Foreign Exchange Impacts for Q4 2026 Outlook.
While Laureate Education's fiscal Q3 2026, which ended September 30, 2026, benefited from a favorable foreign currency impact of approximately $29 million on revenue, management indicated that this tailwind has largely reversed. The weakening of the Mexican peso and Peruvian sol against the U.S. dollar after Q3 is expected to temper revenue and Adjusted EBITDA expectations for fiscal Q4 2026, offsetting the previous positive foreign exchange contribution.
2. Analyst Downgrades and Revised Price Targets.
Following the stock reaching an all-time high around the end of fiscal Q2 2026, several financial analysts revised their ratings and price targets downwards. Notably, J.P. Morgan downgraded Laureate Education to "Hold" on August 3, 2026, with a $41 price target, and Morgan Stanley downgraded the stock to "Sell" on July 27, 2026, setting a $35 price target. These adjustments in analyst sentiment likely contributed to investor uncertainty and downward pressure on the stock price.
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Laureate Education (LAUR) stock has lost about 10% since 7/31/2026 because of the following key factors:
1. Reversal of Favorable Foreign Exchange Impacts for Q4 2026 Outlook.
While Laureate Education's fiscal Q3 2026, which ended September 30, 2026, benefited from a favorable foreign currency impact of approximately $29 million on revenue, management indicated that this tailwind has largely reversed. The weakening of the Mexican peso and Peruvian sol against the U.S. dollar after Q3 is expected to temper revenue and Adjusted EBITDA expectations for fiscal Q4 2026, offsetting the previous positive foreign exchange contribution.
2. Analyst Downgrades and Revised Price Targets.
Following the stock reaching an all-time high around the end of fiscal Q2 2026, several financial analysts revised their ratings and price targets downwards. Notably, J.P. Morgan downgraded Laureate Education to "Hold" on August 3, 2026, with a $41 price target, and Morgan Stanley downgraded the stock to "Sell" on July 27, 2026, setting a $35 price target. These adjustments in analyst sentiment likely contributed to investor uncertainty and downward pressure on the stock price.
3. Academic Calendar Timing Expected to Offset Q4 Results.
Despite strong reported financial results for fiscal Q3 2026, including a significant increase in Adjusted EBITDA year-over-year, Laureate Education communicated that favorable intra-year academic calendar timing impacts on revenue and Adjusted EBITDA will be offset in fiscal Q4 2026. Specifically, Adjusted EBITDA for the nine months ended September 30, 2026, was favorably affected by approximately $17 million due to semester start dates, a timing benefit expected to reverse in the subsequent quarter.
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Stock Movement Drivers
Fundamental Drivers
The -12.3% change in LAUR stock from 7/31/2026 to 11/6/2026 was primarily driven by a -29.2% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.31 | 33.59 | -12.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,830 | 1,915 | 4.6% |
| Net Income Margin (%) | 17.6% | 20.3% | 15.4% |
| P/E Multiple | 16.8 | 11.9 | -29.2% |
| Shares Outstanding (Mil) | 141 | 137 | 2.6% |
| Cumulative Contribution | -12.3% |
Market Drivers
7/31/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| LAUR | -12.3% | |
| Market (SPY) | -1.6% | 27.0% |
| Sector (XLY) | 1.3% | 17.9% |
Fundamental Drivers
The 11.6% change in LAUR stock from 4/30/2026 to 11/6/2026 was primarily driven by a 26.1% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.09 | 33.59 | 11.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,738 | 1,915 | 10.2% |
| Net Income Margin (%) | 16.1% | 20.3% | 26.1% |
| P/E Multiple | 15.3 | 11.9 | -22.5% |
| Shares Outstanding (Mil) | 142 | 137 | 3.7% |
| Cumulative Contribution | 11.6% |
Market Drivers
4/30/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| LAUR | 11.6% | |
| Market (SPY) | 2.6% | 11.4% |
| Sector (XLY) | -0.5% | 5.7% |
Fundamental Drivers
The 15.7% change in LAUR stock from 10/31/2025 to 11/6/2026 was primarily driven by a 57.7% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.03 | 33.59 | 15.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,584 | 1,915 | 20.9% |
| Net Income Margin (%) | 12.9% | 20.3% | 57.7% |
| P/E Multiple | 21.0 | 11.9 | -43.5% |
| Shares Outstanding (Mil) | 147 | 137 | 7.4% |
| Cumulative Contribution | 15.7% |
Market Drivers
10/31/2025 to 11/6/2026| Return | Correlation | |
|---|---|---|
| LAUR | 15.7% | |
| Market (SPY) | 8.7% | 21.6% |
| Sector (XLY) | -1.4% | 17.6% |
Fundamental Drivers
The 150.4% change in LAUR stock from 10/31/2023 to 11/6/2026 was primarily driven by a 176.1% change in the company's Net Income Margin (%).| (LTM values as of) | 10312023 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.42 | 33.59 | 150.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,361 | 1,915 | 40.7% |
| Net Income Margin (%) | 7.3% | 20.3% | 176.1% |
| P/E Multiple | 21.1 | 11.9 | -43.8% |
| Shares Outstanding (Mil) | 157 | 137 | 14.6% |
| Cumulative Contribution | 150.4% |
Market Drivers
10/31/2023 to 11/6/2026| Return | Correlation | |
|---|---|---|
| LAUR | 150.4% | |
| Market (SPY) | 81.9% | 31.0% |
| Sector (XLY) | 58.2% | 27.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LAUR Return | 15% | -17% | 50% | 33% | 84% | -0% | 253% |
| Peers Return | 1% | -18% | 63% | 37% | -26% | -16% | 16% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| LAUR Win Rate | 50% | 42% | 67% | 58% | 75% | 64% | |
| Peers Win Rate | 43% | 48% | 53% | 58% | 47% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| LAUR Max Drawdown | - | -26% | -11% | -15% | -13% | -18% | |
| Peers Max Drawdown | -28% | -40% | -32% | -35% | -53% | -39% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GHC, LRN, STRA, SKIL, DUOL. See LAUR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)
How Low Can It Go
| Event | LAUR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -16.6% | -24.5% |
| % Gain to Breakeven | 19.9% | 32.4% |
| Time to Breakeven | 28 days | 427 days |
In The Past
Laureate Education's stock fell -8.8% during the 2025 US Tariff Shock. Such a loss loss requires a 9.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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In The Past
Laureate Education's stock fell -8.8% during the 2025 US Tariff Shock. Such a loss loss requires a 9.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Laureate Education (LAUR)
Laureate Education, Inc. (LAUR) is a publicly traded company that operates as a global network of higher education institutions. The company's core business involves providing various academic programs and services to students. Essentially, Laureate Education functions as a large-scale operator of universities and colleges, delivering educational content and degrees through its extensive network.
The main products and services offered by Laureate Education are undergraduate and graduate degree programs. These programs cover key academic disciplines, including business and management, medicine and health sciences, and engineering and information technology. To accommodate a wide range of students and learning preferences, the company offers its programs through diverse formats: traditional campus-based learning, fully online courses, and hybrid models that combine both in-person and digital instruction.
Laureate Education primarily serves students seeking higher education in specific geographic markets. Its main customer base is concentrated in Mexico, Peru, and the United States. By operating a network of institutions in these countries, the company targets individuals pursuing degrees in the aforementioned fields, leveraging its established educational infrastructure to reach its primary markets.
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Here are 1-3 brief analogies to describe Laureate Education (LAUR):
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Imagine them as a Marriott or Hilton for universities, operating a global network of higher education institutions across different countries rather than hotels.
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You could also think of them as an HCA Healthcare for universities, owning and managing a large, for-profit network of higher education campuses and programs.
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- Undergraduate Degree Programs: Comprehensive academic courses for students seeking a bachelor's degree across fields like business, health sciences, and engineering.
- Graduate Degree Programs: Advanced academic instruction for students pursuing master's or doctoral degrees in specialized areas such as business, healthcare, and technology.
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Laureate Education (LAUR) primarily sells its higher education programs and services directly to individual students.
The company serves the following categories of customers:
- Undergraduate Students: Individuals pursuing their first university degree, such as a bachelor's degree.
- Graduate Students: Individuals seeking advanced degrees, including master's, doctoral, or other postgraduate qualifications.
- Career-Focused Adult Learners and Professionals: Individuals, often working adults, who enroll in programs in areas like business, health sciences, and engineering to acquire new skills, advance their careers, or reskill for new professional opportunities. These learners may pursue either undergraduate or graduate-level programs.
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Eilif Serck-Hanssen, President and Chief Executive Officer
Eilif Serck-Hanssen has served as President and Chief Executive Officer of Laureate Education, Inc. since January 2018, having joined the company in 2008 as Chief Financial Officer and later serving as President and Chief Administrative Officer. Before joining Laureate, he was Chief Financial Officer and President of International Operations at XOJET, Inc. and was part of the team that founded Eos Airlines, Inc., where he served as Executive Vice President and Chief Financial Officer. He also held various executive positions at US Airways, Inc. (now American Airlines, Inc.) and Northwest Airlines, Inc. (now Delta Airlines, Inc.), and spent time with PepsiCo, Inc. and PricewaterhouseCoopers LLP. Under his leadership, Laureate undertook a strategic review that resulted in the successful sale of over $5 billion in assets and managed the company's response to the COVID-19 pandemic. He has also overseen more than $5 billion in divestiture transactions and incubated multiple EdTech ventures.
Rick Buskirk, Senior Vice President and Chief Financial Officer
Rick Buskirk assumed the role of Chief Financial Officer for Laureate Education, Inc. in April 2021. Previously, he was Laureate's Senior Vice President of Corporate Development, playing a key role in managing the company's strategic review process and portfolio optimization strategies. He also led Laureate's Financial Planning and Analysis organization and multiple financial transformation initiatives. Prior to joining Laureate in 2015, Rick was a CPA with EY, an investment banker with Deutsche Bank, and held various financial, strategy, and operations positions at global brands including Vodafone, NII Holdings, Inc. (formerly Nextel International), and Sprint/Nextel.
Marcelo Cardoso, Executive Vice President and Chief Operating Officer
Marcelo Cardoso serves as Chief Operating Officer for Laureate Education, Inc. since June 2021, overseeing operations in Mexico and Peru, as well as the Academic Quality organization. He has held several senior positions within Laureate, including Chief Transformation Officer, Regional Vice President of Operations for Brazil, and Chief Executive Officer of Laureate Brazil. He is recognized for his transformational history across various sectors and his expertise in leadership, strategy, operations, mergers and acquisitions, turnarounds, business planning, and international business.
Leslie S. Brush, Senior Vice President, Chief Legal Officer and Secretary
Leslie S. Brush serves as Senior Vice President, Chief Legal Officer and Secretary for Laureate Education, Inc. She possesses extensive legal experience, particularly within the higher education and services industry across U.S., European, and Latin American markets. Her expertise includes government relations, management, nonprofit organizations, partnerships, and licensing.
Martin N. Fienkeng, Chief Information Officer, and Chief Information Security Officer
Martin N. Fienkeng holds the positions of Chief Information Officer and Chief Information Security Officer at Laureate Education, Inc. He earned a Ph.D. and a B.Sc. (Hons) in Civil Engineering from Liverpool University (UK), and an Executive MBA from Loyola College of Maryland. He is also a Certified Chief Information Security Officer (CCISO).
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Key Risks to Laureate Education (LAUR)
- Geographic Concentration and Political/Economic Instability: Laureate Education's substantial reliance on its operations in Mexico and Peru exposes the company to significant political, economic, and regulatory risks specific to these countries. Any adverse political developments, economic downturns, or unfavorable regulatory changes in Mexico or Peru could directly and materially impact the company's business performance and financial results.
- Foreign Currency Exchange Rate Volatility: As Laureate Education reports its earnings in U.S. dollars, fluctuations in the exchange rates between the U.S. dollar and the local currencies of Mexico and Peru (Mexican Peso and Peruvian Sol) can negatively affect the company's reported revenue and profitability. A stronger U.S. dollar can reduce the value of local currency earnings when translated back into U.S. dollars, even if the underlying business operations are performing well.
- Sensitivity to Household Income and Competition: Laureate Education's private-pay model means that demand for its higher education programs is closely tied to the disposable income of households in its operating markets. During economic downturns, prospective students may delay or forgo private education, impacting enrollment and revenue. Additionally, the company faces competitive pressure from both traditional public and private universities, as well as emerging online education providers, which can lead to aggressive pricing and require continuous investment to maintain market position and brand value.
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The clear emerging threat to Laureate Education is the accelerating trend towards alternative credentialing, micro-degrees, and skills-based hiring. This involves the increasing adoption by employers of certifications and short-form educational programs, often delivered online by tech companies (e.g., Google Career Certificates, IBM SkillsBuild) or specialized platforms in partnership with universities (e.g., Coursera, edX professional certificates), as viable or preferred pathways to employment and skill acquisition. This trend directly challenges the traditional value proposition of longer, more expensive degree programs offered by institutions like Laureate by providing quicker, more affordable, and often job-specific alternatives that are gaining recognition and acceptance in the job market, potentially diverting prospective students from traditional degree enrollment.
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Laureate Education (LAUR) provides higher education programs and services, including undergraduate and graduate degree programs in business and management, medicine and health sciences, and engineering and information technology through campus-based, online, and hybrid programs in Mexico, Peru, and the United States.
Addressable Market Sizes for Laureate Education
United States
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The overall higher education market in the United States was valued at approximately USD 218.27 billion in 2024 and is projected to reach USD 668.33 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 13.24% from 2024 to 2033. Another report indicates a revenue of USD 192,918.6 million in 2023, expected to grow to USD 370,409.0 million by 2030 at a CAGR of 9.8% from 2024 to 2030.
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The online education market in the U.S. is valued at USD 74.8 billion. It is projected to reach USD 128.54 billion by 2034, growing from USD 12.35 billion in 2025, with a significant CAGR of 26.40% during the period of 2026-2034.
Mexico
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The higher education market in Mexico generated a revenue of USD 14,293.4 million in 2023 and is expected to reach USD 26,642.4 million by 2030, with a CAGR of 9.3% from 2024 to 2030. The university student population in Mexico was approximately 5.39 million in 2024-2025.
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The online education market in Mexico was valued at USD 740.8 million in 2025 and is projected to reach USD 6,261.6 million by 2034, with a CAGR of 25.96% from 2026 to 2034. Another estimate values the Mexico E-Learning and Online Education Market at USD 2.5 billion based on historical analysis.
Peru
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Peru has a significant higher education student population, with over one million university students, and enrollment numbers of 2 million in 2024.
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While a specific market size in USD for Peru's online education was not readily available, the broader Latin America online education market, which includes Peru, reached USD 5,081.5 million in 2025 and is expected to reach USD 25,531.3 million by 2034, exhibiting a CAGR of 19.06% during 2026-2034.
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Expected Drivers of Future Revenue Growth for Laureate Education (LAUR)
Laureate Education (LAUR) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:
- Student Enrollment Growth: The company projects continued growth in its total student enrollments, with guidance for 4-5% growth in 2026, reaching between 516,000 and 521,000 students. This consistent increase in the student base is a primary contributor to revenue expansion. Laureate reported an 8% increase in new enrollments and a 5% rise in total enrollments for the full year 2025.
- Expansion of Digital and Online Programs: Laureate Education is strategically investing in and scaling its online education offerings, particularly targeting working adults in Mexico and Peru. Management has highlighted a focus on expanding digital education tools, including AI-driven online programs, which are seen as core drivers of performance and market penetration.
- New Campus Openings and Diversified Academic Offerings: To address capacity constraints and meet demand, especially in Peru, Laureate is expanding its physical footprint by opening new campuses. The company is also investing in expanding its academic programs, such as in health sciences, to broaden its appeal and offerings.
- Increased Monetization per Student: Analysis suggests that Laureate's revenue growth has outpaced its student enrollment growth in recent periods, indicating an increased monetization per student. This can result from factors such as tuition adjustments, a favorable mix shift towards higher-value programs, or improved student retention leading to longer enrollment periods.
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Share Repurchases
- Laureate Education expanded its share repurchase authorization by $250 million in February 2026, bringing the total program size to $400 million.
- The company completed a buyback of approximately $218.89 million under its existing program as of February 2026.
- In 2025, Laureate repurchased approximately $217 million of its common stock.
Share Issuance
- Laureate Education's shares outstanding have consistently declined over the past few years, from 0.190 billion in 2021 to 0.147 billion in 2025, indicating no significant share issuances.
Inbound Investments
- CPV Partners, LLC significantly increased its stake in Laureate Education on March 1, 2024, adding 14,964,335 shares at $13.50 per share, marking a 465.45% increase in its position.
- JPMorgan Chase & Co. increased its stake in Laureate Education by 5.8% during the third quarter (likely 2025), acquiring an additional 49,832 shares.
Outbound Investments
- Laureate Education completed the sale of Walden University to Adtalem for $1.48 billion in August 2021, which resulted in a $1.29 billion cash distribution to eligible stockholders in October 2021.
- The company divested its universities in Australia, New Zealand, and Chile by November 2020, with the Australian and New Zealand operations sold to Strategic Education, Inc. for $642.7 million.
- The sale of its Brazilian operations to Anima Holding was completed in May 2021.
Capital Expenditures
- Capital expenditures for the last 12 months (as of early March 2026) were -$103.04 million.
- Laureate Education's capital expenditure program focuses on capacity expansion at institutions, new campuses in existing markets, and investments in information technology.
- The company is making investments in campus and digital capabilities, particularly in AI-driven online education, with capital spending in Mexico and Peru expected to remain elevated.
Peer Outperformance in Education Services
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Education Services ← | 14 | -12.6% | 33.7% | 41.0% | CVSA 246% · GHC 109% · LRN 107% |
| Homebuilding | 17 | 3.7% | 29.7% | 29.7% | PHM 175% · TOL 159% · GRBK 150% |
| Automotive Retail | 17 | -2.1% | 18.9% | 11.3% | MUSA 209% · PAG 115% · ORLY 111% |
| Hotels, Resorts & Cruise Lines | 21 | 19.8% | 56.9% | 7.0% | RCL 250% · MAR 159% · HLT 147% |
| Home Improvement Retail | 5 | -4.3% | 3.3% | 5.3% | HD 6% · LOW 5% · FND -62% |
| Home Furnishings | 3 | 4.6% | 73.9% | -1.2% | SGI 50% · MHK -15% |
| Footwear | 9 | 75.0% | 79.9% | -15.7% | DECK 23% · SHOO -11% · CROX -16% |
| Restaurants | 36 | 2.4% | -4.6% | -24.2% | EAT 363% · CAKE 158% · TXRH 110% |
| Computer & Electronics Retail | 3 | 33.4% | 75.8% | -24.5% | BBY -3% · GME -53% |
| Specialized Consumer Services | 10 | -8.5% | 32.3% | -25.5% | FTDR 168% · HRB 146% · ADT 24% |
| Distributors | 4 | -5.4% | -16.9% | -26.0% | ARMK 96% · GPC 4% · POOL -56% |
| Leisure Products | 14 | -16.4% | -4.9% | -34.4% | GOLF 51% · HAS 50% · BC -14% |
| Leisure Facilities | 12 | 18.9% | 0.4% | -39.5% | OSW 160% · LTH 143% · PLNT -37% |
| Household Appliances | 18 | 34.2% | 20.6% | -40.3% | WHR -82% |
| Broadline Retail | 12 | -5.8% | 14.0% | -45.7% | EBAY 76% · AMZN 47% · OLLI 24% |
| Apparel Retail | 27 | -3.8% | 1.8% | -48.8% | ANF 223% · VSXY 110% · TJX 104% |
| Automotive Parts & Equipment | 37 | -13.2% | -28.2% | -48.8% | GTX 197% · PATK 64% · ALV 41% |
| Casinos & Gaming | 21 | -25.8% | -16.1% | -51.8% | RRR 22% · BYD 19% · LVS 3% |
| Apparel, Accessories & Luxury Goods | 29 | 15.8% | 17.8% | -53.7% | TPR 255% · RL 225% · KTB 59% |
| Other Specialty Retail | 25 | -0.1% | -11.4% | -57.7% | ULTA 65% · ASO 53% · ARHS 26% |
| Automobile Manufacturers | 8 | -59.8% | -44.0% | -70.5% | GM 54% · TSLA -12% · F -12% |
| Consumer Electronics | 11 | -31.9% | -29.8% | -80.5% | GRMN 122% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 63.75 |
| Mkt Cap | 4.6 |
| Rev LTM | 1,915 |
| Op Inc LTM | 304 |
| FCF LTM | 288 |
| FCF 3Y Avg | 280 |
| CFO LTM | 418 |
| CFO 3Y Avg | 350 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.3% |
| Rev Chg 3Y Avg | 10.4% |
| Rev Chg Q | 3.7% |
| QoQ Delta Rev Chg LTM | 0.9% |
| Op Inc Chg LTM | 10.9% |
| Op Inc Chg 3Y Avg | 34.8% |
| Op Mgn LTM | 15.6% |
| Op Mgn 3Y Avg | 14.8% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 19.9% |
| CFO/Rev 3Y Avg | 16.0% |
| FCF/Rev LTM | 15.0% |
| FCF/Rev 3Y Avg | 13.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 4.6 |
| P/S | 1.2 |
| P/Op Inc | 9.3 |
| P/EBIT | 7.5 |
| P/E | 11.9 |
| P/CFO | 11.0 |
| Total Yield | 8.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 6.3% |
| D/E | 0.2 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -9.3% |
| 3M Rtn | -10.7% |
| 6M Rtn | -6.1% |
| 12M Rtn | -5.5% |
| 3Y Rtn | 15.6% |
| 1M Excs Rtn | -10.1% |
| 3M Excs Rtn | -7.3% |
| 6M Excs Rtn | -10.1% |
| 12M Excs Rtn | -24.8% |
| 3Y Excs Rtn | -59.7% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 1,702 | 1,567 | 1,484 | 1,242 | |
| Discounts / waivers / scholarships | -270 | ||||
| Other | 150 | ||||
| Tuition and educational services | 1,206 | ||||
| Total | 1,702 | 1,567 | 1,484 | 1,242 | 1,087 |
| $ Mil | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|
| Latin America | 124 | ||||
| Online | 28 | 21 | 64 | ||
| Europe | 24 | ||||
| Campus Based | 64 | ||||
| English Language Instruction | -23 | 1 | |||
| International Universities | 33 | 26 | |||
| K-12 Education Services | 42 | 35 | |||
| Online Higher Education | 14 | 9 | |||
| Ventures | -29 | -54 | |||
| Total | 176 | 21 | 128 | 38 | 17 |
| $ Mil | 2006 | 2005 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|
| Latin America | 1,285 | 883 | |||
| Europe | 470 | 374 | |||
| Online | 358 | 408 | 384 | 744 | |
| Campus Based | 744 | ||||
| International Universities | 768 | ||||
| K-12 Education Services | 150 | ||||
| Online Higher Education | 112 | ||||
| Ventures | 112 | ||||
| Total | 2,113 | 1,665 | 384 | 1,488 | 1,142 |
Price Behavior
| Market Price | $33.59 | |
| Market Cap ($ Bil) | 4.6 | |
| First Trading Date | 11/11/2021 | |
| Distance from 52W High | -17.0% | |
| 50 Days | 200 Days | |
| DMA Price | $37.21 | $35.54 |
| DMA Trend | indeterminate | up |
| Distance from DMA | -9.7% | -5.5% |
| 3M | 1YR | |
| Volatility | 30.6% | 31.7% |
| Downside Capture | 19.11 | 40.19 |
| Upside Capture | -33.70 | 50.07 |
| Correlation (S&P 500) | 10.6% | 18.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.85 | 0.28 | 0.38 | 0.05 | 0.44 | 0.61 |
| Up Beta | 2.10 | 1.29 | -0.08 | 0.18 | 0.72 | 0.69 |
| Down Beta | 3.04 | 2.88 | 2.04 | 0.45 | 0.32 | 0.66 |
| Up Capture | -126% | -100% | -25% | -4% | 28% | 32% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 8 | 18 | 30 | 65 | 131 | 406 |
| Down Capture | 87% | -6% | 57% | -28% | 46% | 64% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 14 | 25 | 34 | 60 | 119 | 335 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LAUR | |
|---|---|---|---|---|
| LAUR | 9.3% | 31.7% | 0.30 | - |
| Sector ETF (XLY) | -1.9% | 19.8% | -0.22 | 17.4% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | 22.0% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | 5.6% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | -18.7% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 13.0% |
| Bitcoin (BTCUSD) | -26.9% | 43.6% | -0.60 | 8.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LAUR | |
|---|---|---|---|---|
| LAUR | 28.1% | 32.8% | 0.81 | - |
| Sector ETF (XLY) | 4.0% | 24.2% | 0.12 | 27.6% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 31.5% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 7.3% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | 8.3% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 30.4% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 12.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LAUR | |
|---|---|---|---|---|
| LAUR | 13.2% | 32.8% | 0.81 | - |
| Sector ETF (XLY) | 12.8% | 22.3% | 0.52 | 27.6% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 31.5% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 7.3% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 8.3% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 30.4% |
| Bitcoin (BTCUSD) | 60.1% | 66.3% | 1.00 | 12.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 11/7/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2026 | -1.0% | -3.3% | |
| 7/30/2026 | 0.0% | -0.9% | 1.6% |
| 4/30/2026 | -4.7% | 2.9% | 1.3% |
| 2/19/2026 | -3.2% | -3.5% | -4.2% |
| 10/30/2025 | 10.1% | 6.4% | 7.8% |
| 7/31/2025 | -1.0% | 7.2% | 20.7% |
| 5/1/2025 | 2.8% | 14.0% | 12.1% |
| 2/20/2025 | 4.2% | -2.1% | -3.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 13 |
| # Negative | 9 | 9 | 6 |
| Median Positive | 4.2% | 8.2% | 8.9% |
| Median Negative | -1.7% | -3.3% | -3.9% |
| Max Positive | 15.5% | 16.8% | 22.1% |
| Max Negative | -8.5% | -8.3% | -9.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/29/2026 | -1.0% | -3.3% | |
| 7/30/2026 | 0.0% | -0.9% | 1.6% |
| 4/30/2026 | -4.7% | 2.9% | 1.3% |
| 2/19/2026 | -3.2% | -3.5% | -4.2% |
| 10/30/2025 | 10.1% | 6.4% | 7.8% |
| 7/31/2025 | -1.0% | 7.2% | 20.7% |
| 5/1/2025 | 2.8% | 14.0% | 12.1% |
| 2/20/2025 | 4.2% | -2.1% | -3.6% |
| 10/31/2024 | 10.4% | 16.8% | 22.1% |
| 8/1/2024 | -1.4% | -8.3% | -1.7% |
| 5/2/2024 | -2.5% | 11.9% | 7.3% |
| 2/22/2024 | 0.3% | 2.2% | 7.2% |
| 11/2/2023 | -8.5% | -7.8% | -2.9% |
| 8/3/2023 | 3.4% | 11.6% | 9.0% |
| 5/4/2023 | -0.6% | 0.9% | 4.8% |
| 2/23/2023 | 15.5% | 11.2% | 9.3% |
| 11/3/2022 | 10.8% | 8.2% | -9.3% |
| 8/4/2022 | 3.3% | -1.0% | -4.2% |
| 5/5/2022 | 5.4% | -0.6% | 15.8% |
| 2/24/2022 | -1.7% | -4.9% | 8.9% |
| SUMMARY STATS | |||
| # Positive | 11 | 11 | 13 |
| # Negative | 9 | 9 | 6 |
| Median Positive | 4.2% | 8.2% | 8.9% |
| Median Negative | -1.7% | -3.3% | -3.9% |
| Max Positive | 15.5% | 16.8% | 22.1% |
| Max Negative | -8.5% | -8.3% | -9.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/29/2026 | 10-Q |
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/29/2026 | 10-Q |
| 06/30/2026 | 07/30/2026 | 10-Q |
| 03/31/2026 | 04/30/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 10/30/2025 | 10-Q |
| 06/30/2025 | 07/31/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 10/31/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/25/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/27/2020 | 10-K |
Recent Forward Guidance
Updated 11/2/2026Latest: Q3 2026 Earnings Reported 10/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Enrollments | Reported | 0.52 Mil | 0.52 Mil | 0.52 Mil | 0.0% | Affirmed | Guidance: 0.52 Mil for 2026 | |
| 2026 Total Enrollments Growth | Reported | 4.0% | 4.5% | 5.0% | ||||
| 2026 Revenues | Reported | 1.92 Bil | 1.93 Bil | 1.93 Bil | 0.0% | Affirmed | Guidance: 1.93 Bil for 2026 | |
| 2026 Revenue Growth | Reported | 13.0% | ||||||
| 2026 Revenue Growth Constant Currency | Reported | 6.0% | 6.5% | 7.0% | ||||
| 2026 Adjusted EBITDA | Reported | 593.00 Mil | 596.00 Mil | 599.00 Mil | 0.0% | Affirmed | Guidance: 596.00 Mil for 2026 | |
| 2026 Adjusted EBITDA Growth | Reported | 14.0% | 14.5% | 15.0% | ||||
| 2026 Adjusted EBITDA Growth Constant Currency | Reported | 8.0% | 8.5% | 9.0% | ||||
| 2026 Adjusted EPS | Reported | 2.04 | 2.07 | 2.1 | 0.0% | Affirmed | Guidance: 2.07 for 2026 | |
| 2026 Adjusted EPS Growth | Reported | 19.0% | 20.5% | 22.0% | ||||
| 2026 Diluted Weighted Average Shares Outstanding | Reported | 139.00 Mil | ||||||
Prior: Q2 2026 Earnings Reported 7/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Enrollments | Reported | 0.52 Mil | 0.52 Mil | 0.52 Mil | 0.4% | Raised | Guidance: 0.52 Mil for 2026 | |
| 2026 Revenue | Reported | 1.92 Bil | 1.93 Bil | 1.93 Bil | 1.4% | Raised | Guidance: 1.90 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 593.00 Mil | 596.00 Mil | 599.00 Mil | 1.4% | Raised | Guidance: 588.00 Mil for 2026 | |
| 2026 Adjusted EPS | Reported | 2.04 | 2.07 | 2.1 | 1.5% | Raised | Guidance: 2.04 for 2026 | |
Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Enrollments | Reported | 0.52 Mil | 0.52 Mil | 0.52 Mil | 0 | Affirmed | Guidance: 0.52 Mil for 2026 | |
| 2026 Revenue | Reported | 1.89 Bil | 1.90 Bil | 1.91 Bil | 0 | Affirmed | Guidance: 1.90 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 583.00 Mil | 588.00 Mil | 593.00 Mil | 0 | Affirmed | Guidance: 588.00 Mil for 2026 | |
| 2026 Adjusted EPS | Reported | 2 | 2.04 | 2.08 | 2.5% | 5.0% | Raised | Guidance: 1.99 for 2026 |
Q4 2025 Earnings Reported 2/19/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Total Enrollments | Reported | 0.52 Mil | 0.52 Mil | 0.52 Mil | 5.0% | Higher New | Guidance: 0.49 Mil for 2025 | |
| 2026 Revenue | Reported | 1.89 Bil | 1.90 Bil | 1.91 Bil | 12.7% | Higher New | Guidance: 1.68 Bil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 583.00 Mil | 588.00 Mil | 593.00 Mil | 15.3% | Higher New | Guidance: 510.00 Mil for 2025 | |
| 2026 Adjusted EPS | Reported | 1.95 | 1.99 | 2.03 | ||||
Insider Activity
Updated 10/2/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Snow, Ian Kendell | See footnote | Sell | 9032026 | 36.26 | 427,019 | 15,482,556 | 59,691,263 | Form | |
| 2 | Snow, Ian Kendell | See footnote | Sell | 9032026 | 38.11 | 2,654 | 101,157 | 79,025,054 | Form | |
| 3 | Snow, Ian Kendell | See footnote | Sell | 9032026 | 38.43 | 91,556 | 3,518,946 | 79,790,737 | Form | |
| 4 | Cardoso, Marcelo | EVP & CHIEF OPERATING OFFICER | Direct | Sell | 3172026 | 33.91 | 7,300 | 247,543 | 11,391,386 | Form |
| 5 | Buskirk, Richard M | SVP & CHIEF FINANCIAL OFFICER | Direct | Sell | 3132026 | 33.69 | 61,803 | 2,082,368 | 8,308,078 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Snow, Ian Kendell | See footnote | Sell | 9032026 | 36.26 | 427,019 | 15,482,556 | 59,691,263 | Form | |
| 2 | Snow, Ian Kendell | See footnote | Sell | 9032026 | 38.11 | 2,654 | 101,157 | 79,025,054 | Form | |
| 3 | Snow, Ian Kendell | See footnote | Sell | 9032026 | 38.43 | 91,556 | 3,518,946 | 79,790,737 | Form | |
| 4 | Cardoso, Marcelo | EVP & CHIEF OPERATING OFFICER | Direct | Sell | 3172026 | 33.91 | 7,300 | 247,543 | 11,391,386 | Form |
| 5 | Buskirk, Richard M | SVP & CHIEF FINANCIAL OFFICER | Direct | Sell | 3132026 | 33.69 | 61,803 | 2,082,368 | 8,308,078 | Form |
| 6 | Cardoso, Marcelo | EVP & CHIEF OPERATING OFFICER | Direct | Sell | 1052026 | 33.54 | 6,543 | 219,452 | 10,217,022 | Form |
| 7 | Rodin, Judith | Direct | Sell | 12102025 | 30.30 | 7,065 | 214,070 | 2,734,666 | Form | |
| 8 | Cardoso, Marcelo | CHIEF OPERATING OFFICER | Direct | Sell | 11062025 | 29.00 | 70,000 | 2,030,000 | 9,023,785 | Form |
Investor Activity (13F)
Updated Nov 7, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Education Services Resources |
| EdSurge |
| Education Week |
| Inside Higher Ed |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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