Stride (LRN) EBITDA Margin (2010 - 2026)
Stride (LRN) posted quarterly EBITDA Margin of 20.49% for Q1 2026, down 83.0% year-over-year from 120.55% in Q1 2025, and down 11.91% quarter-over-quarter from 23.26% in Q4 2025.
Powered by 
Analysis
Stride (LRN) EBITDA Margin (2010 - 2026) Analysis & Trends
Stride (LRN) has reported EBITDA Margin for 17 consecutive years, with 20.49% the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA Margin fell 83.0% year-over-year to 20.49%; the TTM figure through Mar 2026 stood at 15.85% (down 64.0% YoY), while the FY2025 annual figure was 14.97%, up 274.0% from the prior year.
- EBITDA Margin eased to 20.49% in Q1 2026 per LRN's latest filing, from 23.26% in the prior quarter.
- Across five years, EBITDA Margin topped out at 23.26% in Q4 2025 and bottomed at 6.76% in Q3 2022.
- Historically, EBITDA Margin has averaged 13.06% across 5 years, with a median of 14.37% in 2022.
- Annual changes were most pronounced in 2024 — EBITDA Margin jumped 790 bps — and 2025, when it sank 509 bps.
- Stride's EBITDA Margin stood at 14.85% in 2022, then gained by 12 bps to 16.7% in 2023, then advanced by 28 bps to 21.3% in 2024, then climbed by 9 bps to 23.26% in 2025, then decreased by 12 bps to 20.49% in 2026.
- Business Quant data shows LRN's EBITDA Margin at 20.49% in Q1 2026, 23.26% in Q4 2025, and 11.11% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 93.94 Bn | 91.20 Bn | 812.22 Mn | 5.61% |
| 2 | Laureate Education | 5.08 Bn | 4.92 Bn | 237.67 Mn | 36.28% |
| 3 | Graham Holdings | 4.76 Bn | 3.51 Bn | 777.03 Mn | 7.82% |
| 4 | Covista | 4.54 Bn | 4.13 Bn | 284.63 Mn | 19.04% |
| 5 | Grand Canyon Education | 3.97 Bn | 3.70 Bn | 204.08 Mn | 22.02% |
| 6 | Stride | 3.67 Bn | 2.72 Bn | 217.28 Mn | 16.64% |
| 7 | McGraw Hill | 2.56 Bn | 2.37 Bn | 439.20 Mn | 23.76% |
| 8 | Perdoceo Education | 2.06 Bn | 749.44 Mn | 162.46 Mn | 25.72% |
| 9 | TAL Education | 1.91 Bn | -769.28 Mn | 227.32 Mn | -10.34% |
| 10 | Youdao | 1.82 Bn | 1.70 Bn | 105.66 Mn | 7.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 16.64% |
| Mar 31, 2026 | 20.49% |
| Dec 31, 2025 | 23.26% |
| Sep 30, 2025 | 11.11% |
| Jun 30, 2025 | 8.70% |
| Mar 31, 2025 | 21.32% |
| Dec 31, 2024 | 21.30% |
| Sep 30, 2024 | 8.59% |
| Jun 30, 2024 | 13.79% |
| Mar 31, 2024 | 16.96% |
| Dec 31, 2023 | 16.70% |
| Sep 30, 2023 | 0.69% |
| Jun 30, 2023 | 11.16% |
| Mar 31, 2023 | 15.35% |
| Dec 31, 2022 | 14.85% |
| Sep 30, 2022 | -6.76% |
| Jun 30, 2022 | 10.13% |
| Mar 31, 2022 | 14.37% |
| Dec 31, 2021 | 13.90% |
| Sep 30, 2021 | -1.74% |