Laureate Education, Inc.

laureate.net

What Do They Do?

Operates degree-granting higher education institutions in Mexico and Peru, offering undergraduate and graduate programs through campus-based, online and hybrid learning to students.

How Do They Make Money?

Students pay tuition and other education-related fees; tuition covers teaching across an academic session, and students may pay before it starts or in installments during the term.

revenue

Segment	Share	Revenue	How money arrives
Mexico Recurring	52% FY2022: 49%		Recurring
Peru Recurring	48% FY2022: 50%		Recurring

Who Are Their Customers?

Students enter tuition agreements with the institutions and pay privately for degree programs offered on campus, online and in hybrid formats.

Do Revenues Turn Into Profits?

Yes. It kept 17 cents of every revenue dollar as net income in FY2025 and turned 15 cents into free cash flow.

Operating income, FY2025

25% of revenue

▲ +15% vs FY2024 ($374M, 24%)

Net income, FY2025

17% of revenue

▼ −5% vs FY2024 ($296.5M, 19%)

Free cash flow, FY2025

15% of revenue

▲ +64% vs FY2024 ($160.8M, 10%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +17%; vs $524.2M in Q2 FY2025
Net income: ▲ +44%; vs $95.1M in Q2 FY2025

Mexico share of revenue vs 41.5% in Q2 FY2025

Growing. Revenue grew 57% in 4 years, from $1.1B in FY2021 to $1.7B in FY2025, about 12% a year.

Revenue over time

Mexico Peru

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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