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
$417.4M
Gross Profit
$231.4M
Operating Profit
$70.2M
Net Profit
$46.2M
Gross Margin
55.4%
Operating Margin
16.8%
Net Margin
11.1%
YoY Growth
13.2%
EPS
$1.18
Financial Flow
Adtalem Global Education Inc. Q1 2025 Financial Summary
Adtalem Global Education Inc. reported revenue of $417.4M (up 13.2% YoY) for Q1 2025, with a net profit of $46.2M (up 333.6% YoY) (11.1% margin). Cost of goods sold was $186.0M, operating expenses totaled $161.2M.
Key Financial Metrics
| Total Revenue | $417.4M |
|---|---|
| Net Profit | $46.2M |
| Gross Margin | 55.4% |
| Operating Margin | 16.8% |
| Report Period | Q1 2025 |
Revenue Breakdown
Adtalem Global Education Inc. Q1 2025 revenue of $417.4M breaks down across 4 segments, led by Chamberlain University Segment at $167.9M (40.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Chamberlain University Segment | $167.9M | 40.2% |
| Walden University Segment | $161.5M | 38.7% |
| Medical And Veterinary | $88.0M | 21.1% |
| Other Services | $3.0M | 0.7% |
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 |