Strategic Education (STRA) Operating Expenses (2009 - 2026)
Strategic Education's (STRA) quarterly Operating Expenses came in at $286.8 million in Q2 2026, up 4.02% YoY from $275.7 million in Q2 2025, and up 8.28% on a QoQ basis from $264.8 million in Q1 2026.
Strategic Education (STRA) Operating Expenses (2009 - 2026) Analysis & Trends
Strategic Education (STRA) has 18 years of Operating Expenses data on file, last reported at $286.8 million in Q2 2026.
- Quarterly Operating Expenses rose 4.02% year-over-year to $286.8 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $1.1 billion (up 1.99% YoY) and the FY2025 annual result came in at $1.1 billion, up 2.79% from the prior year.
- Operating Expenses advanced to $286.8 million in Q2 2026, from $264.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $286.8 million in Q2 2026 to a low of $242.3 million in Q4 2022.
- A 5-year average of $263.5 million and a median of $264.3 million in 2025 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses retreated 11.83% — and 2024, when it increased 10.85%.
- Tracing STRA's Operating Expenses over 5 years: stood at $242.3 million in 2022, then gained by 2.55% to $248.5 million in 2023, then gained by 10.85% to $275.4 million in 2024, then retreated by 1.4% to $271.6 million in 2025, then gained by 5.6% to $286.8 million in 2026.
- The last three Operating Expenses figures came in at $286.8 million (Q2 2026), $264.8 million (Q1 2026), and $271.6 million (Q4 2025), per Business Quant data.
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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 | Strategic Education | 1.74 Bn | 1.61 Bn | - | 286.78 Mn |
Historic Data
Download 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 |