EarningsQ2 2026 Earnings Report
MX:LAUR Q2 2026 EPS Results
Actual EPS$18.10
Consensus EPS$17.44
Beat/MissBeat by +$0.65
One Year Ago EPS$14.30
MX:LAUR Q2 2026 Revenue Results
Actual Revenue$11.14B
Expected Revenue$10.99B
Beat/MissBeat by +$150.17M
YoY Revenue Growth+17.50%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeBefore Open
Conference CallThursday, July 30, 2026
MX:LAUR Upcoming Earnings
Laureate Education's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:LAUR Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational momentum: enrollment growth, Q2 revenue and adjusted EBITDA outperformance, improved FY guidance, disciplined capital returns (share repurchases) and clear progress on AI/digital initiatives and campus expansion. Near-term headwinds include Mexico's YTD EBITDA decline due to campus ramp costs, price/mix dilution from faster online growth, and seasonality/timing effects that complicate quarterly comparability. Management detailed monitoring and a path to margin expansion while raising guidance, indicating confidence in execution.Company Guidance
Enrollment Growth
Year-to-date through June, new enrollments increased 10% and total enrollments increased 6% versus prior year, driving increased top-line momentum across the business.
Second Quarter Revenue and EBITDA Outperformance
Q2 revenue was $616 million and adjusted EBITDA was $251 million, both ahead of guidance; on a constant currency basis Q2 revenue and adjusted EBITDA grew 8% year-over-year.
Strong Earnings and Adjusted Metrics
Q2 net income was $137 million ($0.98 EPS reported); Q2 adjusted net income was $140 million with adjusted EPS of $1.00. First half constant-currency revenue and adjusted EBITDA grew ~7% versus prior year (adjusted for academic timing).
Raised Full-Year 2026 Outlook
Company raised FY2026 midpoint guidance by $28 million for revenue, $8 million for adjusted EBITDA and $0.03 for adjusted EPS. FY guidance: enrollments 518k–523k (+4%–5%), revenues $1.920–$1.930 billion (as-reported +13%; constant currency +6%–7%), adjusted EBITDA $593–$599 million (as-reported +14%–15%; constant currency +8%–9%), adjusted EPS $2.04–$2.10 (+19%–22%).
Balance Sheet Strength and Capital Return
Gross debt $223 million, cash $162 million, net debt $61 million. Repurchased $181 million of common stock through June and announced an additional $150 million increase to the share repurchase authorization.
Mexico Operating Performance
Mexico YTD new enrollments +7% and total enrollments +5%. Q2 revenue in Mexico grew 10% and adjusted EBITDA grew 9% year-over-year (Q2); YTD revenue (timing-adjusted) +6% driven by a 5% increase in average total enrollments and ~1% price/mix.
Peru Growth and Margin Improvement
Peru YTD total enrollments +8%. Q2 revenue +6% and adjusted EBITDA +7% year-over-year; YTD (timing-adjusted) revenue +7% and adjusted EBITDA +13%, reflecting rapid scaling of fully online offerings.
Digital & AI Leadership
Company is adopting AI across the student journey, investing in data/IT and partnering with major technology firms; recognized by BCG and Google as top-decile for two years, yielding stronger lead generation, improved conversion and lower acquisition costs.
Attractive Online Economics
Fully online programs priced ~40% below face-to-face but deliver contribution margins in the mid-50s (similar to campus offerings) and materially higher ROIC due to negligible CapEx.
New Campus Pipeline and Operational Execution
Opened campuses in Monterrey and Lima previously; Puebla campus launched in 2026 with enrollments progressing well; additional campuses expected in Q1 2027 (Southern Lima) and Sept 2027 (Merida, Mexico) with further openings planned for 2028 and beyond.
Margin Expansion Target
Management expects continued margin expansion with roughly 50 bps of consolidated adjusted EBITDA margin expansion at the midpoint of FY2026 guidance and a company target of ~30 basis points of ongoing margin expansion per year.
MX:LAUR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed