Grand Canyon Education Q4 2021 Earnings Report
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.
Grand Canyon Education
Grand Canyon Education
Grand Canyon Education 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.