Lincoln Educational Services (LINC) Operating Expenses (2011 - 2026)
Lincoln Educational Services (LINC) posted quarterly Operating Expenses of $137.5 million for Q1 2026, up 20.56% year-over-year from $114.1 million in Q1 2025, and up 9.92% quarter-over-quarter from $125.1 million in Q4 2025.
Lincoln Educational Services (LINC) Operating Expenses (2011 - 2026) Analysis & Trends
Lincoln Educational Services (LINC) has reported Operating Expenses for 16 consecutive years, with $137.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 20.56% year-over-year to $137.5 million; the TTM figure through Mar 2026 stood at $511.4 million (up 17.52% YoY), while the FY2025 annual figure was $487.9 million, up 14.84% from the prior year.
- Operating Expenses grew to $137.5 million in Q1 2026 per LINC's latest filing, from $125.1 million in the prior quarter.
- Across five years, Operating Expenses topped out at $137.5 million in Q1 2026 and bottomed at $65.1 million in Q2 2023.
- Historically, Operating Expenses has averaged $101.6 million across 5 years, with a median of $103.8 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses slipped 20.33% — and 2024, when it surged 59.72%.
- Lincoln Educational Services' Operating Expenses stood at $80.4 million in 2022, then grew by 16.3% to $93.6 million in 2023, then rose by 15.91% to $108.4 million in 2024, then gained by 15.39% to $125.1 million in 2025, then climbed by 9.92% to $137.5 million in 2026.
- Business Quant data shows LINC's Operating Expenses at $137.5 million in Q1 2026, $125.1 million in Q4 2025, and $135.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 1.44 Bn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -24.40 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 14.24 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 1.22 Bn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 405.94 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 205.89 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 111.43 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 395.25 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 243.19 Mn |
| 10 | Lincoln Educational Services | 953.53 Mn | 909.35 Mn | 82.93 Mn | 139.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 139.25 Mn |
| Mar 31, 2026 | 137.55 Mn |
| Dec 31, 2025 | 125.14 Mn |
| Sep 30, 2025 | 135.10 Mn |
| Jun 30, 2025 | 113.60 Mn |
| Mar 31, 2025 | 114.09 Mn |
| Dec 31, 2024 | 108.44 Mn |
| Sep 30, 2024 | 108.59 Mn |
| Jun 30, 2024 | 104.03 Mn |
| Mar 31, 2024 | 103.82 Mn |
| Dec 31, 2023 | 93.56 Mn |
| Sep 30, 2023 | 97.62 Mn |
| Jun 30, 2023 | 65.13 Mn |
| Mar 31, 2023 | 88.40 Mn |
| Dec 31, 2022 | 80.45 Mn |
| Sep 30, 2022 | 86.93 Mn |
| Jun 30, 2022 | 81.75 Mn |
| Mar 31, 2022 | 82.88 Mn |
| Dec 31, 2021 | 53.77 Mn |
| Sep 30, 2021 | 83.31 Mn |