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Phoenix Education Partners, Inc., through its subsidiary, The University of Phoenix, Inc., provides online higher education for working adults in the United States. It develops talent solutions programs for employers, including a talent-sourcing platform that connects employers with students whose skills profiles align with job postings; and an AI-powered tool that scans an employer's inventory of sought-after skills and designs development pathways to internal job opportunities. The company was formerly known as AP VIII Queso Holdings, L.P. and changed its name to Phoenix Education Partners, Inc. in September 2025. The company was founded in 1976 and is headquartered in Phoenix, Arizona. Phoenix Education Partners, Inc. operates as a subsidiary of Ap Viii Socrates Holdings, L.P.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.0B | $205M | $134M | $65M | 54.3% | 6.0% | 18.3% |
| 2024 | $950M | $189M | $113M | $141M | 34.6% | 13.7% | 74.2% |
| 2023 | $835M | $113M | $65M | $90M | 22.9% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Revenue | 835.24 | 950.02 | 1,007.19 |
| Operating Revenue | 835.24 | 950.02 | 1,007.19 |
| Cost Of Revenue | 379.26 | 403.92 | 435.99 |
| Gross Profit | 455.99 | 546.09 | 571.20 |
| Operating Expense | 328.78 | 343.99 | 352.63 |
| Selling General And Administration | 328.78 | 343.99 | 352.63 |
| Total Expenses | 708.04 | 747.92 | 788.63 |
| Operating Income | 127.20 | 202.10 | 218.57 |
| Total Operating Income As Reported | 81.67 | 151.99 | 172.13 |
| EBITDA | 113.31 | 189.26 | 204.60 |
| Normalized EBITDA | 158.85 | 239.37 | 251.04 |
| EBIT | 89.41 | 168.20 | 182.59 |
| Interest Income | 8.53 | 16.69 | 10.46 |
| Interest Expense | 1.77 | 0.96 | 0.48 |
| Net Interest Income | 6.76 | 15.73 | 9.98 |
| Other Non Operating Income Expenses | -0.79 | -0.48 | - |
| Other Income Expense | -46.32 | -50.59 | -46.44 |
| Interest Income Non Operating | 8.53 | 16.69 | 10.46 |
| Interest Expense Non Operating | 1.77 | 0.96 | 0.48 |
| Net Non Operating Interest Income Expense | 6.76 | 15.73 | 9.98 |
| Pretax Income | 87.64 | 167.24 | 182.11 |
| Tax Provision | 21.71 | 52.09 | 46.67 |
| Tax Rate For Calcs | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | -11.29 | -15.59 | -11.89 |
| Net Income Continuous Operations | 65.93 | 115.15 | 135.44 |
| Net Income From Continuing And Discontinued Operation | 64.93 | 113.13 | 133.88 |
| Net Income From Continuing Operation Net Minority Interest | 64.93 | 113.13 | 133.88 |
| Net Income | 64.93 | 113.13 | 133.88 |
| Net Income Common Stockholders | 64.93 | 113.13 | 133.88 |
| Net Income Including Noncontrolling Interests | 65.93 | 115.15 | 135.44 |
| Normalized Income | 99.17 | 147.66 | 168.43 |
| Diluted NI Availto Com Stockholders | 62.61 | 113.13 | 133.88 |
| Basic Average Shares | - | - | 35.60 |
| Diluted Average Shares | - | - | 35.60 |
| Reconciled Depreciation | 23.91 | 21.06 | 22.01 |
| Reconciled Cost Of Revenue | 379.26 | 403.92 | 435.99 |
| Total Unusual Items | -45.53 | -50.11 | -46.44 |
| Total Unusual Items Excluding Goodwill | -45.53 | -50.11 | -46.44 |
| Minority Interests | -1 | -2.02 | -1.56 |
| Special Income Charges | -49.26 | -37.39 | -46.44 |
| Other Special Charges | 4.79 | - | - |
| Write Off | 11.51 | 0.21 | - |
| Restructuring And Mergern Acquisition | 32.96 | 37.39 | 46.44 |
| Gain On Sale Of Security | 3.72 | -12.73 | - |
| General And Administrative Expense | 328.78 | 343.99 | 352.63 |
| Other Gand A | 328.78 | 343.99 | 352.63 |
| Average Dilution Earnings | -2.32 | -5.24 | - |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Phoenix Education Partners, Inc.this co. | PXED | $1.1B | 8.34↓ discount | 4.53 | 54.3% | 5.15 |
| Dole plc | DOLE | $1.3B | 25.83 | 0.97 | 3.8% | 6.63 |
| Universal Corporation | UVV | $1.3B | 40.37 | 0.93 | 2.3% | 9.54 |
| Herbalife Ltd. | HLF | $1.2B | 5.17 | -2.29 | -44.3% | 4.93 |
| The Simply Good Foods Company | SMPL |
| $1.1B |
| 10.44 |
| 0.60 |
| 5.7% |
| 6.87 |
| Seneca Foods Corporation | SENEA | $984M | 23.87 | 1.56 | 6.5% | 9.86 |
| American Public Education, Inc. | APEI | $972M | 30.80 | 3.30 | 10.7% | 14.99 |
| Mission Produce, Inc. | AVO | $939M | 24.90 | 1.60 | 6.4% | 10.15 |
| Edgewell Personal Care Company | EPC | $911M | 35.85 | 0.59 | 1.6% | 11.30 |
| Peer Median | - | 25.36 | 0.95 | 4.7% | 9.70 | |