Strategic Education (STRA) Operating Leases (2019 - 2026)
Strategic Education's Operating Leases was $92.09 million in Q2 2026, down 8.1% from $100.19 million a year earlier and down 2.9% from the prior quarter.
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Analysis
Strategic Education (STRA) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at Strategic Education came in at $93.22 million, down 9.5% from FY2024.
- Operating Leases has now declined for four consecutive years, with a five-year compound annual growth rate of -2.6% (FY2020 to FY2025).
- In earlier years, Operating Leases was $103 million in FY2024 (-19.4%), $127.74 million in FY2023 (-4.7%), $134.01 million in FY2022 (-17.7%) and $162.82 million in FY2021 (+53.4%).
- The Q2 2026 figure marks the lowest quarterly Operating Leases since Q3 2020.
- Compared with a year earlier, Operating Leases has declined for 17 straight quarters, with an average decline of 10.7% over the last eight quarters.
- The best year-over-year quarter for Operating Leases over five years was Q3 2021 (growth of 81.0%); the worst was Q4 2024 (a decline of 19.4%).
- Per Business Quant data, STRA's Operating Leases in the three quarters before Q2 2026 was $94.88 million (Q1 2026), $93.22 million (Q4 2025) and $99.24 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Service Corp International | 11.15 Bn | 10.15 Bn | 273.50 Mn |
| 2 | New Oriental Education & Technology | 9.53 Bn | -1.61 Bn | 5,600.00 |
| 3 | TAL Education | 7.16 Bn | -5.83 Bn | 438.20 Mn |
| 4 | Laureate Education | 5.43 Bn | 4.73 Bn | 237.67 Mn |
| 5 | Graham Holdings | 5.11 Bn | 202.28 Mn | 392.03 Mn |
| 6 | Covista | 4.47 Bn | 3.59 Bn | 284.63 Mn |
| 7 | Valvoline | 4.04 Bn | 3.75 Bn | 214.90 Mn |
| 8 | Bright Horizons Family Solutions | 3.63 Bn | 3.07 Bn | 188.96 Mn |
| 9 | Stride | 3.55 Bn | 446.85 Mn | 217.28 Mn |
| 10 | Strategic Education | 1.77 Bn | 1.16 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 92.09 Mn |
| Mar 31, 2026 | 94.88 Mn |
| Dec 31, 2025 | 93.22 Mn |
| Sep 30, 2025 | 99.24 Mn |
| Jun 30, 2025 | 100.19 Mn |
| Mar 31, 2025 | 99.41 Mn |
| Dec 31, 2024 | 103.00 Mn |
| Sep 30, 2024 | 116.09 Mn |
| Jun 30, 2024 | 112.27 Mn |
| Mar 31, 2024 | 116.35 Mn |
| Dec 31, 2023 | 127.74 Mn |
| Sep 30, 2023 | 121.40 Mn |
| Jun 30, 2023 | 126.98 Mn |
| Mar 31, 2023 | 131.91 Mn |
| Dec 31, 2022 | 134.01 Mn |
| Sep 30, 2022 | 136.79 Mn |
| Jun 30, 2022 | 145.84 Mn |
| Mar 31, 2022 | 158.93 Mn |
| Dec 31, 2021 | 162.82 Mn |
| Sep 30, 2021 | 139.03 Mn |
API Access
Strategic Education Operating Leases 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-leases&ticker=STRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=STRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();