Grand Canyon Education (LOPE) Cost of Revenue (2010 - 2026)

Grand Canyon Education has reported Cost of Revenue for 17 years, with the latest figure at $64.0 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 6.06% year-over-year to $64.0 million; the trailing twelve-month figure through Mar 2026 stood at $232.9 million (up 7.11% YoY), and the FY2025 full-year result was $229.2 million, up 7.9% from the prior year.
• Cost of Revenue for Q1 2026 stood at $64.0 million, up from $53.7 million in the prior quarter.
• The five-year high for Cost of Revenue was $64.0 million in Q1 2026, with the low at $44.9 million in Q4 2022.
• Historically, Cost of Revenue has averaged $53.2 million across 5 years, with a median of $52.9 million in 2024.
• Annual changes were most pronounced in 2022 — Cost of Revenue advanced 9.44% — and 2023, when it advanced 2.15%.
• Grand Canyon Education's Cost of Revenue stood at $44.9 million in 2022, then climbed by 2.56% to $46.0 million in 2023, then rose by 7.92% to $49.6 million in 2024, then grew by 8.15% to $53.7 million in 2025, then climbed by 19.17% to $64.0 million in 2026.
• The last three Cost of Revenue figures came in at $64.0 million (Q1 2026), $53.7 million (Q4 2025), and $59.1 million (Q3 2025), per Business Quant data.