Adtalem Global Education delivered an outstanding start to Fiscal Year 2026 with adjusted EPS up 35.7% and revenue up 10.8%, marking its ninth consecutive quarter of enrollment growth. The company maintained a strong financial position with net leverage at 0.6x and robust free cash flow, enabling a disciplined capital allocation strategy.
Total student enrollment reached 97,359, an increase of 8.0% year-over-year.
Revenue for the quarter was $462.3 million, up 10.8% compared to the prior year.
Diluted earnings per share were $1.67, while adjusted EPS grew by 35.7% to $1.75.
Adjusted EBITDA increased by 15.8% year-over-year to $112.0 million, with an adjusted EBITDA margin of 24.2%.
Adtalem maintains its fiscal year 2026 guidance, projecting revenue between $1,900 million and $1,940 million, representing 6.0% to 8.5% growth year-over-year. Adjusted earnings per share are expected to be in the range of $7.60 to $7.90, indicating 14.0% to 18.5% growth year-over-year.