PXED

EX-99.1

2 pxed-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

News Release

Phoenix Education Partners, Inc. Reports Third Quarter Fiscal Year 2026 Results

Expanding opportunity for career mobility through skills-aligned education

Phoenix, July 14, 2026 – Phoenix Education Partners, Inc. (NYSE: PXED) (the “Company” or “Phoenix Education Partners”), the parent company of The University of Phoenix, Inc. (the “University”), today reported financial results for the three months ended May 31, 2026, with third quarter net revenue of $271.8 million.

“The pace of change in the workforce continues to accelerate the need for continuous learning and career mobility,” said Chris Lynne, Chief Executive Officer of Phoenix Education Partners and President of the University of Phoenix. “For nearly five decades, the University of Phoenix has helped working adults adapt, grow and succeed through periods of economic and technological transformation. Today, we are building on that legacy by innovating on behalf of our students, enhancing the learning experience, strengthening employer connections and delivering the skills and education that help learners achieve their educational and career goals. As the workforce continues to evolve, we remain committed to expanding opportunity and helping learners build the capabilities needed to thrive in the future of work.”

Third Quarter 2026 Results of Operations

Phoenix Education Partners reported net revenue for third quarter 2026 of $271.8 million, compared to $271.7 million for third quarter 2025. In third quarter 2026, the University’s Average Total Degreed Enrollment1 was 85,300, compared to 84,800 for third quarter 2025. Net income attributable to Phoenix Education Partners for third quarter 2026 was $39.2 million, or $1.01 diluted earnings per share, compared to $53.8 million, or $1.42 diluted earnings per share, for third quarter 2025. The decrease in net income attributable to Phoenix Education Partners was primarily due to share-based compensation resulting from our initial public offering (“IPO”) (see sections “Initial Public Offering” and “Reconciliation of GAAP Financial Information to Non-GAAP Financial Information” for additional information), increased advertising expense and higher strategic alternatives, restructuring and other expense.

Adjusted EBITDA was $78.1 million for third quarter 2026, compared to $83.4 million for third quarter 2025, and adjusted diluted earnings per share was $1.43 for the third quarter 2026, compared to $1.57 for third quarter 2025.2

1“Average Total Degreed Enrollment” represents the aggregate of monthly Total Degreed Enrollment during a specified period divided by the number of months in the period. We define “Total Degreed Enrollment” as the number of confirmed students (both new and continuing) enrolled in credit-bearing courses who post attendance at least one time during a calendar month (even if they withdraw later in the same month), excluding students who graduated as of the end of such month.

2 Adjusted EBITDA and adjusted earnings per share are non-GAAP measures. For more information on non-GAAP measures used in this press release and a reconciliation of our GAAP information to our non-GAAP information, refer to the sections titled “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP Financial Information to Non-GAAP Financial Information.”

1

First Nine Months of 2026 Results of Operations

Phoenix Education Partners reported net revenue for the first nine months of 2026 of $756.3 million, compared to $749.8 million for the first nine months of 2025. In the first nine months of 2026, the University’s Average Total Degreed Enrollment was 84,500, compared to 82,700 for the first nine months of 2025. Net income attributable to Phoenix Education Partners for the first nine months of 2026 was $65.4 million, or $1.69 diluted earnings per share, compared to $116.4 million, or $3.08 diluted earnings per share, for the first nine months of 2025. The decrease in net income attributable to Phoenix Education Partners was primarily due to share-based compensation resulting from our IPO (see sections “Initial Public Offering” and “Reconciliation of GAAP Financial Information to Non-GAAP Financial Information” for additional information), increased advertising expense and higher strategic alternatives, restructuring and other expense.

Adjusted EBITDA was $188.1 million for the first nine months of 2026, compared to $185.8 million for the first nine months of 2025, and adjusted diluted earnings per share was $3.40 for the first nine months of 2026, compared to $3.49 for the first nine months of 2025.2

Common Stock Cash Dividend

During third quarter 2026, the Company paid a regular common stock cash dividend of $0.21 per share. Today, the Company is announcing that its Board of Directors approved a regular, common stock cash dividend of $0.21 per share to be paid on August 14, 2026 to stockholders of record and holders of ce

EX-99.1

2 pxed-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

News Release

Phoenix Education Partners, Inc. Reports Second Quarter Fiscal Year 2026 Results

Advancing student success through flexible, career-relevant education

Phoenix, April 7, 2026 – Phoenix Education Partners, Inc. (NYSE: PXED) (the “Company” or “Phoenix Education Partners”), the parent company of The University of Phoenix, Inc. (the “University”), today reported financial results for the three months ended February 28, 2026, with second quarter revenue of $222.5 million.

“At the University, we remain focused on helping students develop skills that translate directly into their careers. We are proud to have issued more than one million digital badges representing verified skills to our students and alumni,” said Chris Lynne, Chief Executive Officer of Phoenix Education Partners and President of the University of Phoenix. “During the quarter, our teams continued to enhance the student experience, expand employer partnerships, and invest in capabilities that support high-quality, affordable programs. Our commitment to strong student outcomes was reflected in the Encoura + Ruffalo Noel Levitz Priorities Survey for Online Learners (PSOL)—a national survey of 150 institutions and approximately 90,000 learners—where the University performed above national averages across all 26 measured attributes, including exceeding the benchmark for overall satisfaction.”

Second Quarter 2026 Results of Operations

Phoenix Education Partners reported net revenue for second quarter 2026 of $222.5 million, compared to $223.4 million for second quarter 2025. In second quarter 2026, the University’s Average Total Degreed Enrollment1 was 82,600, compared to 81,100 for second quarter 2025. Net income attributable to Phoenix Education Partners for second quarter 2026 was $10.8 million, or $0.28 diluted earnings per share, compared to $16.1 million, or $0.43 diluted earnings per share, for second quarter 2025. The decrease in net income attributable to Phoenix Education Partners was primarily due to share-based compensation resulting from our initial public offering (“IPO”) (see sections “Initial Public Offering” and “Reconciliation of GAAP Financial Information to Non-GAAP Financial Information” for additional information).

Adjusted EBITDA was $34.8 million for second quarter 2026, compared to $32.3 million for second quarter 2025, and adjusted diluted earnings per share was $0.58 for the second quarter 2026, compared to $0.56 for second quarter 2025.2

1“Average Total Degreed Enrollment” represents the aggregate of monthly Total Degreed Enrollment during a specified period divided by the number of months in the period. We define “Total Degreed Enrollment” as the number of confirmed students (both new and continuing) enrolled in credit-bearing courses who post attendance at least one time during a calendar month (even if they withdraw later in the same month), excluding students who graduated as of the end of such month.

2 Adjusted EBITDA and adjusted earnings per share are non-GAAP measures. For more information on non-GAAP measures used in this press release and a reconciliation of our GAAP information to our non-GAAP information, refer to the sections titled “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP Financial Information to Non-GAAP Financial Information.”

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First Six Months of 2026 Results of Operations

Phoenix Education Partners reported net revenue for the first six months of 2026 of $484.5 million, compared to $478.1 million for the first six months of 2025. In the first six months of 2026, the University’s Average Total Degreed Enrollment was 84,100, compared to 81,700 for the first six months of 2025. Net income attributable to Phoenix Education Partners for the first six months of 2026 was $26.2 million, or $0.68 diluted earnings per share, compared to $62.5 million, or $1.66 diluted earnings per share, for the first six months of 2025. The decrease in net income attributable to Phoenix Education Partners was primarily due to share-based compensation resulting from our IPO (see sections “Initial Public Offering” and “Reconciliation of GAAP Financial Information to Non-GAAP Financial Information” for additional information).

Adjusted EBITDA was $110.0 million for the first six months of 2026, compared to $102.4 million for the first six months of 2025, and adjusted diluted earnings per share was $1.97 for the first six months of 2026, compared to $1.92 for the first six months of 2025.2

Common Stock Cash Dividend

During second quarter 2026, the Company paid a regular common stock cash dividend of $0.21 per share. Today, the Company is announcing that its Board of Directors approved a regular, common stock cash dividend of $0.21 per share to be paid on May 22, 2026 to stockholders of record and holders of certain share-based awards as of April 29, 2026.

Share Repurchase Program

The Company announced today that its Board of

EX-99.1

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EX-99.1

EX-99.1

Exhibit 99.1

News Release

Phoenix Education Partners, Inc. Reports First Quarter Fiscal Year 2026 Results

Phoenix, January 13, 2026 – Phoenix Education Partners, Inc. (NYSE: PXED) (the “Company” or “Phoenix Education Partners”), the parent company of The University of Phoenix, Inc. (the “University”), today reported financial results for the three months ended November 30, 2025, with first quarter revenue of $262.0 million.

“Guided by our mission to serve working adults through skills-aligned, career-relevant education, we continue to build momentum across the University,” said Chris Lynne, Chief Executive Officer of Phoenix Education Partners and President of the University. “Our first quarter results reflect continued strong retention and enrollment growth as we provide flexible, career-relevant programs for busy adult learners. We remain focused on deepening employer alliances, enhancing the student experience and outcomes, and delivering high-quality, affordable offerings that help students advance their educational and professional goals.”

First Quarter 2026 Results of Operations

Phoenix Education Partners reported net revenue for first quarter 2026 of $262.0 million, compared to $254.7 million for first quarter 2025. In first quarter 2026, the University’s Average Total Degreed Enrollment1 was 85,600, compared to 82,200 for first quarter 2025. Net Income attributable to Phoenix Education Partners for first quarter 2026 was $15.5 million, or $0.40 diluted earnings per share, compared to $46.4 million, or $1.23 diluted earnings per share, for first quarter 2025. The decrease in net income attributable to Phoenix Education Partners was primarily due to expense, including share-based compensation, that resulted from our initial public offering (“IPO”) (see sections “Initial Public Offering” and “Reconciliation of GAAP Financial Information to Non-GAAP Financial Information” for additional information).

Adjusted EBITDA was $75.2 million for first quarter 2026, compared to $70.1 million for first quarter 2025, and adjusted diluted earnings per share was $1.38 for the first quarter 2026, compared to $1.35 for first quarter 2025.2

1.“Average Total Degreed Enrollment” represents the aggregate of monthly Total Degreed Enrollment during a specified period divided by the number of months in the period. We define “Total Degreed Enrollment” as the number of confirmed students (both new and continuing) enrolled in credit-bearing courses who post attendance at least one time during a calendar month (even if they withdraw later in the same month), excluding students who graduated as of the end of such month.

2 Adjusted EBITDA and adjusted earnings per share are non-GAAP measures. For more information on non-GAAP measures used in this press release and a reconciliation of our GAAP information to our non-GAAP information, refer to the sections titled “Use of Non-GAAP Financial Information” and “Reconciliation of GAAP Financial Information to Non-GAAP Financial Information.”

1

Common Stock Cash Dividend

The Company announced today that its Board of Directors approved a regular, quarterly common stock cash dividend of $0.21 per share, payable on February 18, 2026 to stockholders of record as of January 28, 2026, and holders of certain share-based awards as of the same date.

Balance Sheet, Cash Flow and Liquidity

As of November 30, 2025, the Company’s cash and cash equivalents (including restricted cash and cash equivalents) and marketable securities (including current and noncurrent marketable securities) totaled $218.1 million, compared to $194.8 million as of August 31, 2025. The increase was primarily attributable to $31.1 million of cash generated by operating activities, which was partially offset by $4.7 million of capital expenditures.

On November 13, 2025, the Company entered into a senior secured revolving credit facility in an aggregate principal amount of $100.0 million that is available as a source of liquidity for Phoenix Education Partners and its subsidiaries and matures on November 13, 2030. As of November 30, 2025, the Company had no outstanding debt under the credit facility or otherwise.

Initial Public Offering

On October 10, 2025, Phoenix Education Partners completed an IPO of 4.9 million shares of common stock at a price of $32.00 per share, which included 0.6 million shares sold to the underwriters pursuant to their option to purchase additional shares. The shares were offered by certain of the Company’s existing shareholders and, accordingly, the Company did not receive any proceeds from the sale of shares associated with the offering. In connection with the IPO, on October 7, 2025, AP VIII Queso Holdings, L.P. converted into a Delaware corporation pursuant to a statutory conversion and changed its name to Phoenix Education Partners, Inc.

As reflected in the financial tables of this press release, we have applied retrospective presentatio