Adtalem Global Education Inc.ATGEEarnings & Financial Report
Adtalem Global Education Inc. is a US corporation based in Chicago, Illinois, that operates for-profit higher education institutions, including American University of the Caribbean School of Medicine, Chamberlain University, Ross University School of Medicine, Ross University School of Veterinary Medicine, and Walden University.
Revenue
$412.7M
Gross Profit
$237.3M
Operating Profit
$61.7M
Net Profit
$36.8M
Gross Margin
57.5%
Operating Margin
15.0%
Net Margin
8.9%
YoY Growth
11.8%
EPS
$0.93
Financial Flow
Adtalem Global Education Inc. Q3 2024 Financial Summary
Adtalem Global Education Inc. reported revenue of $412.7M (up 11.8% YoY) for Q3 2024, with a net profit of $36.8M (down 19.7% YoY) (8.9% margin). Cost of goods sold was $175.3M, operating expenses totaled $175.6M.
Key Financial Metrics
| Total Revenue | $412.7M |
|---|---|
| Net Profit | $36.8M |
| Gross Margin | 57.5% |
| Operating Margin | 15.0% |
| Report Period | Q3 2024 |
Revenue Breakdown
Adtalem Global Education Inc. Q3 2024 revenue of $412.7M breaks down across 4 segments, led by Chamberlain University Segment at $170.3M (41.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Chamberlain University Segment | $170.3M | 41.3% |
| Walden University Segment | $150.6M | 36.5% |
| Medical And Veterinary | $91.7M | 22.2% |
| Other Services | $3.4M | 0.8% |
Adtalem Global Education Inc. Revenue by Segment — Quarterly Trend
Adtalem Global Education Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Chamberlain University Segment and Walden University Segment) has evolved quarter over quarter.
| Segment | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Chamberlain University Segment | $183.8M | $179.2M | $184.3M | $192.6M |
| Walden University Segment | $217.6M | $190.0M | $182.2M | $178.4M |
| Medical And Veterinary | $102.0M | $93.1M | $90.6M | $95.0M |
| Other Services | $1.6M | $2.2M | $2.0M | $2.4M |
Adtalem Global Education Inc. Annual Revenue by Year
Adtalem Global Education Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.8B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.8B |
| 2024 | $1.6B |
| 2023 | $1.5B |
| 2022 | $1.4B |
Adtalem Global Education Inc. Quarterly Revenue & Net Profit History
Adtalem Global Education Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 2026 | $503.4M | +12.4% | $76.4M | 15.2% |
| Q1 2026 | $462.3M | +10.8% | $61.8M | 13.4% |
| Q4 2025 | $457.1M | +11.5% | $54.2M | 11.9% |
| Q3 2025 | $466.1M | +12.9% | $60.8M | 13.1% |
| Q2 2025 | $447.7M | +13.9% | $75.9M | 16.9% |
| Q1 2025 | $417.4M | +13.2% | $46.2M | 11.1% |
| Q4 2024 | $409.9M | +12.6% | $49.4M | 12.1% |
| Q3 2024 | $412.7M | +11.8% | $36.8M | 8.9% |
Income Statement
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $412.7M | $409.9M | $417.4M | $447.7M | $466.1M | $457.1M | $462.3M | $503.4M |
| YoY Growth | 11.8% | 12.6% | 13.2% | 13.9% | 12.9% | 11.5% | 10.8% | 12.4% |
Balance Sheet
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.72B | $2.74B | $2.82B | $2.72B | $2.79B | $2.75B | $2.87B | $2.61B |
| Liabilities | $1.39B | $1.37B | $1.43B | $1.28B | $1.36B | $1.32B | $1.41B | $1.24B |
| Equity | $1.32B | $1.37B | $1.39B | $1.44B | $1.43B | $1.43B | $1.46B | $1.38B |
Cash Flow
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $162.6M | $40.6M | $89.3M | $-19.0M | $207.9M | $59.7M | $130.5M | $29.7M |