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Adtalem Global Education  logo
Adtalem Global Education ATGE
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Quarterly report 2027-Q1
added 10-29-2026

Adtalem Global Education Income Statement 2026-2008 | ATGE

Brief overview of financial performance at Adtalem Global Education

The figures are compared over a five-year interval. Adtalem Global Education reported revenue of 234 million dollars in 2020 and 1.8 billion dollars by 2025. Overall revenue changed by +662.9%, equal to an annualized rate of about 50.1%. Revenue growth reflects a pronounced phase of business expansion.

Gross profit changed from −$223 million to $1 billion (+556.5%). Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. At the margin level, the figure shifted from −95% to 56.9%. Improving gross profitability strengthens the quality of revenue growth.

Over the period, EBITDA shifted from 61.3 million dollars to 382 million dollars, a change of +523.1%. The operating result developed less favorably than sales. EBITDA margin was 26.2% at the start and 21.4% at the end. The margin contraction indicates weaker operating efficiency.

The five-year change in net income was +916.8%: from $23.3 million to $237 million. Net profitability strengthened faster than the top line.

Over the period, capitalization shifted from $2.1 billion to $4.4 billion (+111.3%). Investors responded cautiously to the improvement in the business.

Summary assessment

The results present an uneven picture without one dominant signal. The strongest signals are a stronger gross margin, a stronger final result and revenue expansion. The weaker side of the profile includes pressure on operating profitability. Investors should continue to monitor margins, costs, and earnings quality.

Annual Income Statement Adtalem Global Education

2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

- 4.42 B 2.94 B 1.97 B 1.94 B 1.07 B 2.11 B 2.86 B 3.36 B 2.09 B 1.43 B 1.99 B 2.6 B 1.93 B 1.28 B 4.34 B - - -

Shares

35 M 37.1 M 39.4 M 44.8 M 48.4 M 51.3 M 53.7 M 58.4 M 61.4 M 63.4 M 64 M 64.5 M 64.1 M 64.3 M 67.1 M 69.9 M 71.3 M - -

Historical Prices

- 119 74.7 43.9 40.2 20.8 39.3 30.9 48.2 46 32.1 17.8 35.4 40.3 28.6 33.3 - - -

Net Income

252 M 237 M 137 M 93.4 M 311 M 70 M 23.3 M 95.2 M 33.8 M 122 M -3.17 M 140 M 134 M 107 M 142 M 330 M 280 M 166 M -

Revenue

1.95 B 1.79 B 1.58 B 1.45 B 1.38 B 899 M 234 M 1.24 B 1.23 B 1.81 B 1.84 B 1.91 B 1.92 B 1.96 B 2.09 B 2.18 B - - -

Cost of Revenue

834 M 771 M 699 M 648 M 660 M 458 M 457 M 472 M 462 M 638 M 569 M 1 B 983 M 962 M 961 M 914 M 826 M 670 M -

Gross Profit

1.12 B 1.02 B 886 M 802 M 722 M 441 M -223 M 616 M 586 M 848 M 857 M 910 M 940 M 1 B 1.11 B 1.26 B - - -

Operating Income

383 M 342 M 217 M 168 M 76.7 M 110 M 29.1 M 156 M - - - 157 M 181 M 167 M 239 M 502 M 411 M 235 M -

Interest Expense

45.4 M 52.3 M 63.7 M 63.1 M 129 M 41.4 M 19.5 M 19.9 M 11.6 M 9.14 M 5.93 M 5.31 M 3.63 M -1.96 M 1.9 M 256 K 1.72 M - -

EBITDA

427 M 382 M 257 M 210 M 98.2 M 144 M 61.3 M 267 M 265 M 314 M 288 M 292 M 302 M 339 M 394 M 559 M 462 M 275 M -

Operating Expenses

737 M 675 M 669 M 634 M 645 M 331 M -252 M 400 M 373 M 618 M 654 M 708 M 728 M 756 M 808 M 763 M - - -

General and Administrative Expenses

731 M 672 M 633 M 586 M 566 M 292 M 280 M 400 M 373 M 618 M 654 M 708 M 728 M 756 M 808 M 763 M 678 M 548 M -

All numbers in USD currency

Quarterly Income Statement Adtalem Global Education

2027-Q1 2026-Q4 2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Shares

34 M -336 K 34.3 M 35.7 M 36.1 M -349 K 37.1 M 37.4 M 37.7 M -587 K 38.7 M 39.9 M 41.4 M -495 K 45.1 M 45.4 M 45.3 M -1.07 M 48.9 M 49.8 M 49.7 M -477 K 50.7 M 52.3 M 52.5 M -458 K 53 M 53.9 M 55 M -639 K 57.6 M 58.6 M 59.7 M -210 K 60.4 M 60.5 M 62 M -39 K 62.8 M 62.7 M 62.6 M -124 K 63.1 M 63.4 M 63.6 M -29 K 63.8 M 63.9 M 63.8 M 63.3 M 63.4 M 63.3 M 63.1 M -63.6 M 63.1 M 63.5 M 64.2 M -497 66.3 M 67.1 M 68.4 M -211 M 69.5 M 70.2 M 71 M

Net Income

67.4 M 71.7 M 41.6 M 76.4 M 61.8 M 54.2 M 60.8 M 75.9 M 46.2 M 49.4 M 36.8 M 39.9 M 10.6 M 22.2 M 45.9 M 24.7 M 592 K 8.01 M 350 M 17.9 M -58 M 9.01 M 24.6 M 23.1 M 19.8 M -256 M 151 M 5.42 M 14.3 M 49.5 M 37.9 M 17.5 M -9.58 M 62.8 M 39.3 M -80.8 M 12.9 M 42.9 M 40 M 14.8 M 25.1 M -9.97 M 51.9 M -50.5 M 5.39 M 29.9 M 47.2 M 42.8 M 20.4 M 37.5 M 55.5 M 48.4 M -7.18 M -31.4 M 57.2 M 51.2 M 31.8 M 8.48 M 67.3 M 9.28 M 57.3 M 75.7 M 92.9 M 88.9 M 73.4 M

Revenue

512 M 501 M 487 M 503 M 462 M 457 M 466 M 448 M 417 M 410 M 413 M 393 M 369 M 365 M 369 M 363 M 354 M 361 M 364 M 371 M 289 M 223 M 230 M 234 M 219 M 260 M 271 M 266 M 255 M 264 M 259 M 254 M 237 M 320 M 310 M 308 M 293 M 315 M 299 M 302 M 292 M 334 M 450 M 456 M 450 M 456 M 124 M 134 M 113 M 126 M 116 M 123 M 101 M 113 M 107 M 109 M 89.8 M 501 M 480 M 505 M 483 M 524 M 519 M 524 M 519 M

Cost of Revenue

221 M 217 M 211 M 205 M 201 M 199 M 200 M 187 M 186 M 183 M 175 M 172 M 169 M 164 M 166 M 159 M 160 M 161 M 166 M 180 M 152 M 116 M 115 M 121 M 114 M 83.2 M 119 M 127 M 128 M 122 M 120 M 118 M 112 M -28.4 M 159 M 157 M 173 M 89.4 M 182 M 179 M 251 M -170 M 253 M 241 M 245 M 250 M 253 M 251 M 246 M 256 M 243 M 243 M 242 M 246 M 237 M 240 M 239 M 237 M 244 M 241 M 238 M 223 M 233 M 230 M 228 M

Gross Profit

291 M 285 M 276 M 298 M 262 M 258 M 266 M 261 M 231 M 227 M 237 M 221 M 200 M 201 M 203 M 204 M 195 M 200 M 198 M 191 M 137 M 107 M 115 M 114 M 105 M 177 M 153 M 139 M 127 M 142 M 139 M 136 M 125 M 348 M 151 M 151 M 120 M 226 M 117 M 122 M 41.4 M 504 M 197 M 215 M 205 M 206 M -129 M -117 M -133 M -130 M -126 M -120 M -141 M -132 M -130 M -131 M -150 M 264 M 236 M 264 M 244 M 301 M 286 M 294 M 291 M

Operating Income

98 M 95.4 M 91.3 M 111 M 85.5 M 76.9 M 90.5 M 104 M 70.2 M 68.5 M 61.7 M 58.6 M 28.2 M 39.6 M 59.4 M 45.6 M 23.6 M 44.5 M 32.9 M 24.7 M -22.1 M 27.1 M 36 M 29.1 M 26 M 29.1 M 36.7 M - - - - - - - - - - - - - - - 60.8 M -56.4 M 8.25 M 33.8 M 49.4 M 49 M 24.6 M 42.9 M 69.5 M 58.6 M 10.3 M -25.4 M 75.6 M 67.2 M 49.4 M 49.8 M 95.5 M 13.8 M 79.9 M 117 M 137 M 136 M 112 M

Interest Expense

1.42 M 2.76 M 232 K 1.7 M 2.49 M 2.51 M 1.9 M 2.24 M 2.65 M 1.89 M 2.87 M 3.56 M 2.21 M 3.66 M 3.98 M -1.44 M 761 K -1.33 M -327 K 861 K -46.5 M 17.6 M -7.17 M -1.51 M -2.17 M 25.1 M 106 M -31.4 M -4.63 M -3.9 M -3.01 M -4.96 M -3.95 M -6.36 M -1.52 M -1.12 M 202 K -1.55 M -306 K -1.31 M -1.06 M -81 K -1.38 M -1.61 M -2.2 M -1.71 M -1.5 M -52 K 4 K -274 K -468 K -742 K -417 K -159 K -341 K -529 K -930 K -662 K -540 K 3.44 M -338 K -142 K 87 K 142 K 169 K

EBITDA

99.4 M 98.2 M 94.1 M 114 M 88.3 M 79.7 M 93.3 M 107 M 73 M 75.9 M 70 M 67.9 M 38.9 M 51.9 M 73.7 M 61.7 M 42.2 M 67.8 M 59.8 M 55.4 M -5.61 M 38.7 M 46.5 M 51.2 M 28.5 M 21.4 M 39.3 M 2.58 M 2.53 M 2.13 M 1.6 M 1.6 M 1.6 M -832 K 2.37 M 2.46 M 2.5 M 2.68 M 2.79 M 2.43 M 3.26 M 1.23 M 62.3 M -55 M 9.45 M 35.4 M 50.7 M 49.5 M 25.4 M 44 M 71.1 M 60.2 M 11.9 M -23.5 M 78.1 M 69.6 M 51.9 M 51.5 M 98.3 M 16.5 M 82.3 M 117 M 139 M 137 M 113 M

Operating Expenses

193 M 189 M 185 M 187 M 176 M 181 M 176 M 157 M 161 M 159 M 176 M 163 M 172 M 161 M 144 M 158 M 171 M 155 M 165 M 166 M 159 M 80 M 79.3 M 84.5 M 79.2 M 148 M 116 M 139 M 127 M 142 M 139 M 136 M 125 M 348 M 151 M 151 M 120 M 226 M 117 M 122 M 41.4 M 504 M 136 M 272 M 197 M 173 M -178 M -166 M -158 M -173 M -196 M -179 M -151 M -107 M -205 M -198 M -199 M 214 M 140 M 250 M 165 M 184 M 149 M 159 M 179 M

General and Administrative Expenses

193 M 188 M 184 M 183 M 176 M 181 M 175 M 157 M 159 M 155 M 157 M 156 M 166 M 153 M 145 M 142 M 146 M 133 M 149 M 154 M 129 M 75 M 74.4 M 72.3 M 100 M -11.9 M 96.4 M 96.6 M 99.1 M 90.2 M 90.7 M 89.3 M 89.2 M 51.7 M 97.6 M 89.4 M 88.9 M 60.7 M 104 M 101 M 161 M -132 M 161 M 159 M 164 M 175 M 180 M 175 M 178 M 170 M 184 M 185 M 189 M 192 M 189 M 184 M 191 M 194 M 201 M 194 M 201 M 184 M 193 M 186 M 182 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company Adtalem Global Education (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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