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Dec 31, 2021
Grand Canyon Education Q4 2021 Earnings Report
Grand Canyon Education's Q4 2021 financial results were reported, showing increased service revenue and operating income, but a slight decrease in net income.
Key Takeaways
Grand Canyon Education reported an increase in service revenue and operating income for Q4 2021. Service revenue increased to $251.4 million, and operating income rose to $102.4 million. However, net income saw a slight decrease to $85.1 million compared to the same period in 2020.
Service revenue increased to $251.4 million due to higher revenue per student, offsetting a slight enrollment decrease.
Partner enrollments totaled 112,554, a 3.0% decrease from the previous year.
Operating income increased to $102.4 million with an operating margin of 40.7%.
Net income decreased slightly to $85.1 million, with diluted net income per share at $2.15.
Revenue by Segment
Forward Guidance
Grand Canyon Education provided their outlook for the full year 2022, including revenue between $905.0 million and $930.0 million and as adjusted diluted EPS between $5.58 and $6.18.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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