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GRAND CANYON EDUCATION, INC. REPORTS THIRD QUARTER 2026 RESULTS
Service revenue rose 2.4% to $267.3 million as enrollments increased, while the board approved a $355 million boost to the repurchase program.
On Wednesday, November 4, 2026, Grand Canyon Education, Inc. reported Q3 2026 service revenue of $267.3 million, a 2.4% increase driven by university partner enrollment growth across its three platforms.
Total enrollment grew 5.2% to 145,270 students, though a $7.5 million revenue shift from Q3 to Q4 caused by a later semester start date partially offset gains.
Operating income surged 185.6% to $51.5 million, largely reflecting the absence of a prior-year litigation settlement, while GCE deployed $306.4 million for share repurchases year-to-date.
Management identified the Common App as a critical growth lever, reporting over 5,600 applications in two months, and GCE plans to launch Grand Canyon University Law School in fall 2027.
Four new hybrid sites are planned for 2027 in Reno, Nevada; Jacksonville, Florida; New Orleans, Louisiana; and Lake Havasu, Arizona, supporting the goal to expand to 80 locations.