Strategic Education (STRA) Operating Expenses (2009 - 2026)
Strategic Education (STRA) posted Operating Expenses of $286.78 million for Q2 2026, up 4.0% from $275.71 million a year earlier and up 8.3% from the prior quarter.
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Analysis
Strategic Education (STRA) Operating Expenses (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Expenses at Strategic Education was $1.11 billion, up 2.0% year-over-year; for FY2025, it came in at $1.09 billion, up 2.8% from FY2024.
- Annual Operating Expenses has increased for three consecutive years, with a five-year compound annual growth rate of 3.6% (FY2020 to FY2025).
- In prior years, Strategic Education's Operating Expenses was $1.06 billion in FY2024 (+2.6%), $1.04 billion in FY2023 (+4.3%), $994.72 million in FY2022 (-6.0%) and $1.06 billion in FY2021 (+15.2%).
- The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q2 2009.
- On a year-over-year basis, Operating Expenses increased in seven of the last eight quarters, with growth averaging 3.8%.
- The strongest year-over-year quarter for Operating Expenses in the past five years was Q3 2021, with growth of 17.5%; the weakest was Q1 2022, with a decline of 11.8%.
- According to Business Quant data, Operating Expenses for the three prior quarters was $264.84 million (Q1 2026), $271.58 million (Q4 2025) and $282.91 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Service Corp International | 11.15 Bn | 10.15 Bn | 273.50 Mn | 41.78 Mn |
| 2 | New Oriental Education & Technology | 9.53 Bn | -1.61 Bn | 5,600.00 | 1.44 Bn |
| 3 | TAL Education | 7.16 Bn | -5.83 Bn | 438.20 Mn | 301.00 Mn |
| 4 | Laureate Education | 5.43 Bn | 4.73 Bn | 237.67 Mn | 14.24 Mn |
| 5 | Graham Holdings | 5.11 Bn | 202.28 Mn | 392.03 Mn | 1.22 Bn |
| 6 | Covista | 4.47 Bn | 3.59 Bn | 284.63 Mn | 405.94 Mn |
| 7 | Valvoline | 4.04 Bn | 3.75 Bn | 214.90 Mn | 103.10 Mn |
| 8 | Bright Horizons Family Solutions | 3.63 Bn | 3.07 Bn | 188.96 Mn | 108.00 Mn |
| 9 | Stride | 3.55 Bn | 446.85 Mn | 217.28 Mn | 111.43 Mn |
| 10 | Strategic Education | 1.77 Bn | 1.16 Bn | - | 286.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 286.78 Mn |
| Mar 31, 2026 | 264.84 Mn |
| Dec 31, 2025 | 271.58 Mn |
| Sep 30, 2025 | 282.91 Mn |
| Jun 30, 2025 | 275.71 Mn |
| Mar 31, 2025 | 263.80 Mn |
| Dec 31, 2024 | 275.43 Mn |
| Sep 30, 2024 | 269.63 Mn |
| Jun 30, 2024 | 270.34 Mn |
| Mar 31, 2024 | 248.89 Mn |
| Dec 31, 2023 | 248.48 Mn |
| Sep 30, 2023 | 260.31 Mn |
| Jun 30, 2023 | 270.86 Mn |
| Mar 31, 2023 | 257.96 Mn |
| Dec 31, 2022 | 242.29 Mn |
| Sep 30, 2022 | 255.32 Mn |
| Jun 30, 2022 | 251.70 Mn |
| Mar 31, 2022 | 245.41 Mn |
| Dec 31, 2021 | 244.24 Mn |
| Sep 30, 2021 | 262.73 Mn |
API Access
Strategic Education Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=STRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "STRA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=STRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();