Laureate Education (LAUR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Laureate Education published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Laureate Education reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Laureate Education's revenue swings by quarter with the Mexican and Peruvian academic calendars. Q3 2026 revenue was lifted by about $29 million of intra-year calendar timing from 2026 semester start dates, which Laureate expects to reverse in Q4 2026.
• Q3 2026 net income includes a non-recurring, non-cash tax benefit of about $25.4 million from resolving a legacy tax contingency. Adjusted EPS excludes it.
• Since Q4 2025 Laureate treats interest on certain legacy tax liabilities as a discrete tax item excluded from Adjusted net income. The year-ago Adjusted EPS of $0.26 is on that revised basis.

Source: Laureate Education Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Laureate Education splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Laureate Education's Mexico revenue was $257 million in Q3 2026, up 32% from $195 million in Q3 2025, 53% of total revenue.
• Laureate Education's Peru revenue was $229 million in Q3 2026, up 11% from $205 million in Q3 2025, 47% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Laureate Education said:

“Total enrollments are expected to be in the range of 518,000 to 523,000 students, reflecting growth of 4%-5% versus 2025”

“Revenues are expected to be in the range of $1,920 million to $1,930 million, reflecting growth of 13% on an as-reported basis and growth of 6%-7% on a constant currency basis versus 2025”

“Adjusted EBITDA is expected to be in the range of $593 million to $599 million, reflecting growth of 14%-15% on an as-reported basis and 8%-9% on a constant currency basis versus 2025”

“Adjusted EPS is expected to be in the range of $2.04-$2.10 per share”

Source: Laureate Education Q3 2026 release, Oct 29, 2026.

This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the LAUR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Revenue and diluted EPS, each as first reported in that quarter's release. Laureate Education says its second and fourth quarters are its stronger revenue quarters, and its first and third quarters weaker, because its institutions have summer breaks during part of one of those two quarters.

We do not hold a confirmed date for Laureate Education's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 29, 2026

Laureate Education operates five higher education institutions across Mexico and Peru, and its revenue is mainly tuition from enrolled students, recognized net of scholarships and other discounts. Q3 2026 revenue was $485.1 million, up 21% from $400.2 million on a reported basis and up 14% in constant currency. (Laureate Education Q3 2026 release, Oct 29, 2026; Laureate Education Form 10-Q, Q3 2026, Oct 29, 2026)

Mexico brought in $256.5 million (up 32%, or 22% in constant currency) and Peru $228.6 million (up 11%, or 7% in constant currency). Mexico was 53% of revenue in the quarter against 49% a year earlier. Laureate's CEO pointed to the launch of a new campus in Puebla during Mexico's primary intake, and to fully online programs for working adults during Peru's secondary intake. (Laureate Education Q3 2026 release, Oct 29, 2026; Laureate Education Form 10-Q, Q3 2026, Oct 29, 2026)

Laureate Education breaks the $84.9 million increase into three parts: changes in tuition rates, product mix, pricing and timing added $35.2 million, including about $29 million from intra-year academic calendar timing; a stronger Mexican peso and Peruvian nuevo sol against the dollar added $29.2 million; and higher average total enrollment added $20.5 million. (Laureate Education Form 10-Q, Q3 2026, Oct 29, 2026)

Total enrollments were 539,600 at September 30, 2026, up 6%, with 292,500 in Mexico and 247,100 in Peru. New enrollments in the first nine months were 281,800, up 9%: 171,000 in Mexico (up 8%) and 110,800 in Peru (up 10%). Laureate expects the calendar timing benefit to revenue and Adjusted EBITDA to be offset in Q4 2026. (Laureate Education Q3 2026 release, Oct 29, 2026)

Laureate Education's results are seasonal. Its institutions have a summer break during which classes are generally not in session and minimal revenue is recognized, so the first and third quarters are its weaker revenue quarters, though its primary enrollment intakes fall in those same two quarters. (Laureate Education Form 10-K, 2025, Feb 19, 2026)

Laureate Education's GAAP diluted EPS was $0.73, against $0.23 a year earlier, and Adjusted EPS was $0.52, against $0.26. GAAP is the higher figure because Q3 2026 included a non-recurring, non-cash income tax benefit of about $25.4 million from resolving a legacy tax contingency, which Laureate removes from Adjusted net income along with a $4.7 million foreign currency exchange gain. Adjusted net income was $71.7 million against $38.5 million. (Laureate Education Q3 2026 release, Oct 29, 2026)

Income tax expense fell to $20.0 million from $34.5 million because of that benefit. Diluted weighted average shares fell to 138.0 million from 148.2 million after buybacks: Laureate repurchased approximately $256 million of its stock in the first nine months of 2026, and on October 29, 2026 its board added $150 million to the repurchase program, leaving up to approximately $225.2 million available. (Laureate Education Q3 2026 release, Oct 29, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Laureate Education gives a full-year outlook in its release and reaffirmed it in Q3 2026: total enrollments of 518,000 to 523,000, revenues of $1,920 million to $1,930 million, Adjusted EBITDA of $593 million to $599 million and Adjusted EPS of $2.04 to $2.10, assuming about 139 million diluted shares. (Laureate Education Q3 2026 release, Oct 29, 2026)

The outlook uses actual exchange rates for January to October 2026 and assumes MXN 18.60 and PEN 3.45 per dollar for November and December, so moves in the peso and the sol change the reported figures. Laureate does not reconcile its Adjusted EBITDA and Adjusted EPS outlook to GAAP. (Laureate Education Q3 2026 release, Oct 29, 2026)

A consensus figure is the average of the models published by the analysts who cover Laureate Education, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Laureate Education's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning LAUR is on is LAUR a buy or a sell?, what analysts expect next is on the LAUR forecast, and what the company does is on the Laureate Education (LAUR) stock page.

Every number on this page can be traced to a document Laureate Education published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.