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.
ATGE Q2 2026 Key Financial Metrics
Revenue
$503.4M
Gross Profit
$298.0M
Operating Profit
$111.1M
Net Profit
$76.4M
Gross Margin
59.2%
Operating Margin
22.1%
Net Margin
15.2%
YoY Growth
12.4%
EPS
$2.11
Financial Flow
Adtalem Global Education Inc. Q2 2026 Financial Summary
Adtalem Global Education Inc. reported revenue of $503.4M (up 12.4% YoY) for Q2 2026, with a net profit of $76.4M (up 0.7% YoY) (15.2% margin). Cost of goods sold was $205.4M, operating expenses totaled $186.8M.
Key Financial Metrics
| Total Revenue | $503.4M |
|---|---|
| Net Profit | $76.4M |
| Gross Margin | 59.2% |
| Operating Margin | 22.1% |
| Report Period | Q2 2026 |
Revenue Breakdown
Adtalem Global Education Inc. Q2 2026 revenue of $503.4M breaks down across 4 segments, led by Walden University Segment at $217.6M (43.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Walden University Segment | $217.6M | 43.2% |
| Chamberlain University Segment | $183.8M | 36.5% |
| Medical And Veterinary | $102.0M | 20.3% |
| Other Services | $1.6M | 0.3% |
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 Walden University Segment and Chamberlain University Segment) has evolved quarter over quarter.
| Segment | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 |
|---|---|---|---|---|
| Walden University Segment | $217.6M | $190.0M | $182.2M | $178.4M |
| Chamberlain University Segment | $183.8M | $179.2M | $184.3M | $192.6M |
| 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). Click any linked year to see what changed vs the prior annual report.
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 |