Grand Canyon Education (LOPE) Operating Expenses (2016 - 2026)
Quarterly Operating Expenses rose 5.97% to $213.3 million in Q1 2026 from the year-ago period, while the trailing twelve-month figure was $852.2 million through Mar 2026, up 10.86% year-over-year, with the annual reading at $840.2 million for FY2025, 10.9% up from the prior year.
Grand Canyon Education filings provide 17 years of Operating Expenses readings, the most recent being $213.3 million for Q1 2026.
- Operating Expenses hit $213.3 million in Q1 2026 for Grand Canyon Education, up from $200.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $243.1 million in Q3 2025 and bottomed at $165.9 million in Q2 2022.
- Average Operating Expenses over 5 years is $188.0 million, with a median of $184.7 million recorded in 2024.
- Peak annual rise in Operating Expenses hit 27.88% in 2025, while the deepest fall reached 3.89% in 2025.
- Grand Canyon Education's Operating Expenses stood at $168.0 million in 2022, then rose by 7.42% to $180.5 million in 2023, then grew by 6.68% to $192.5 million in 2024, then increased by 3.89% to $200.0 million in 2025, then rose by 6.63% to $213.3 million in 2026.
- Per Business Quant, the three most recent readings for LOPE's Operating Expenses are $213.3 million (Q1 2026), $200.0 million (Q4 2025), and $243.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 1.18 Bn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 11.13 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 213.30 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 158.62 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 221.06 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 154.77 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 137.55 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 153.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 213.30 Mn |
| Dec 31, 2025 | 200.04 Mn |
| Sep 30, 2025 | 243.12 Mn |
| Jun 30, 2025 | 195.71 Mn |
| Mar 31, 2025 | 201.29 Mn |
| Dec 31, 2024 | 192.55 Mn |
| Sep 30, 2024 | 190.12 Mn |
| Jun 30, 2024 | 184.74 Mn |
| Mar 31, 2024 | 190.20 Mn |
| Dec 31, 2023 | 180.49 Mn |
| Sep 30, 2023 | 180.38 Mn |
| Jun 30, 2023 | 175.14 Mn |
| Mar 31, 2023 | 175.65 Mn |
| Dec 31, 2022 | 168.02 Mn |
| Sep 30, 2022 | 173.21 Mn |
| Jun 30, 2022 | 165.91 Mn |
| Mar 31, 2022 | 166.67 Mn |
| Dec 31, 2021 | 148.98 Mn |
| Sep 30, 2021 | 161.45 Mn |
| Jun 30, 2021 | 151.24 Mn |
| Mar 31, 2021 | 152.71 Mn |
| Dec 31, 2020 | 141.00 Mn |
| Sep 30, 2020 | 147.35 Mn |
| Jun 30, 2020 | 137.46 Mn |
| Mar 31, 2020 | 140.86 Mn |
| Dec 31, 2019 | 131.28 Mn |
| Sep 30, 2019 | 133.56 Mn |
| Jun 30, 2019 | 123.83 Mn |
| Mar 31, 2019 | 124.86 Mn |
| Dec 31, 2018 | 97.40 Mn |
| Sep 30, 2018 | 126.03 Mn |
| Jun 30, 2018 | 178.33 Mn |
| Mar 31, 2018 | 185.59 Mn |
| Dec 31, 2017 | 180.07 Mn |
| Sep 30, 2017 | 176.52 Mn |
| Jun 30, 2017 | 163.21 Mn |
| Mar 31, 2017 | 171.58 Mn |
| Dec 31, 2016 | 167.97 Mn |
| Sep 30, 2016 | 163.38 Mn |
| Jun 30, 2016 | 146.53 Mn |