Grand Canyon Education, Inc. Earnings Recaps
Q3 2025
Nov 7, 2025
Grand Canyon Education delivered robust growth in the third quarter of 2025, characterized by a 9.6% increase in online enrollment and a strong performance in hybrid programs, despite slight declines in traditional campus enrollment.
Key takeaways
- Online campus new starts rose mid-single digits, totaling 9.6% enrollment growth, aligning with long-term strategic objectives.
- Hybrid campus enrollments surged 17.4% year-over-year, driven by the introduction of affordable online prerequisite courses.
- Traditional ground campus enrollment remained flat due to prior year challenges, but early indicators for fall 2026 suggest positive recruitment momentum.
- Strategic partnerships with over 5,500 employers continue to support curriculum relevance and retention, enhancing GCU’s competitive position.
- Strong demand for healthcare programs, particularly in nursing, positions GCU well amidst rising interest among younger students.