LAURNasdaqServices-Educational ServicesUS GAAP · USD

Laureate Education, Inc

Laureate Education is a U.S.-listed operator of private higher-education institutions focused on Mexico and Peru. It delivers undergraduate, graduate, and specialized programs through locally recognized university brands, with a growing emphasis on fully online offerings for working adults and career changers.

Revenue1,702m USD
+8.6 %y/y
Operating profit (EBIT)431m USD
+15.3 %y/y
EBIT margin25.3%
+1.5 ppy/y
Net income282m USD
−5.0 %y/y
Free cash flow366m USD
+57.3 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-50005001,0001,5002,000m USD2020: 1,025 m USD2020: EBIT -329 m USD20202021: 1,087 m USD2021: EBIT -4.6 m USD20212022: 1,242 m USD2022: EBIT 270 m USD20222023: 1,484 m USD2023: EBIT 339 m USD20232024: 1,567 m USD2024: EBIT 374 m USD20242025: 1,702 m USD2025: EBIT 431 m USD20251,702431
RevenueOperating profit (EBIT)

Business

Share of revenue
Undergraduate programs55 %

Bachelor-level programs delivered across Laureate's university network in Mexico and Peru.

Graduate and specialized programs20 %

Postgraduate and professional programs aimed at career advancement and specialization.

Online programs15 %

Fully online offerings designed for working adults needing flexible study formats.

Student fees and related services10 %

Ancillary education-related fees and services that move with enrollment and tuition activity.

Products

Reported · share of revenue
90.1%9.9%FY2025100 %
  • Tuition90.1 %
  • Other Services9.9 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Laureate serves students in Mexico and Peru, with the core target demographic described in the filings as primarily 18- to 24-year-olds. It also serves working adults who need flexible online programs to finish a degree, earn a credential, or change careers. Demand is driven by students seeking private higher-education capacity, practical programs, and credentials with stronger employment prospects.

College-age undergraduate students

Primarily 18- to 24-year-olds enrolling in campus-based undergraduate programs in Mexico and Peru.

Working adults and online learners

Students using fully online programs to complete degrees or gain credentials while working.

Graduate and professional students

Learners seeking postgraduate, specialized, and career-advancing programs.

Health-professions students

Students enrolling in medical and dental schools that require licensed, high-quality institutions.

Strategy

Laureate's strategy centers on growing enrollment through quality-focused, career-oriented programs and expanding capacity where demand is strongest. It is also investing in new campuses, campus improvements, and information technology to support growth, improve efficiency, and strengthen controls. The company is using its local brands, accreditation profile, and online capabilities to defend share in fragmented private higher-education markets.

Capacity expansion in Mexico and PeruMedium term

Enrollment growth depends on physical and academic capacity in markets with strong demand for private education.

Program quality and employabilityMedium term

Differentiated, career-oriented programs support pricing power and student demand in competitive markets.

Digital and online deliveryShort term

Fully online programs broaden the addressable market to working adults and improve flexibility.

Operational efficiency and controlsShort term

IT and process investments help manage a multi-country education network and support compliance.

Geography

2025

Laureate's business is concentrated in Mexico and Peru, which are its two reportable segments and the source of essentially all operating revenue. Mexico contributed 52% of 2025 revenue and Peru 48% in the annual filing, while the interim mix shifted toward Mexico in the first half of 2025. The company operates through a network of campuses in both countries, and local regulation, public-university capacity, and enrollment seasonality materially shape performance.

Mexico52 %
Peru48 %
United States0.0 %

Share of the revenue the company reports by geography.

Risks

Laureate is exposed to country-specific economic, political, tax, legal, and foreign-currency risks because nearly all operations are in Mexico and Peru. Its results also depend on enrollment cycles, competitive pricing, brand reputation, accreditation quality, and the reliability of online systems that support both campus and digital delivery. As a private education provider, it faces pressure from public universities, local private competitors, and changing perceptions of the for-profit education sector.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Country concentration in Mexico and Peru1Foreign currency and macroeconomic volatility2Competitive pressure in private higher education3Reputation and brand risk4Technology and cybersecurity disruption5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Country concentration in Mexico and PeruImpact: HighLikelihood: Medium

    Almost all revenue and operations are tied to two Latin American markets, increasing exposure to local shocks.

    Exposure: Mexico and Peru

  2. Foreign currency and macroeconomic volatilityImpact: HighLikelihood: Medium

    Operating cash flows are generated outside the U.S., so local currency swings and regional downturns affect results.

    Exposure: Latin America

  3. Competitive pressure in private higher educationImpact: HighLikelihood: Medium

    Students can choose among public and private institutions, and pricing pressure can limit tuition growth.

    Exposure: Mexico and Peru

  4. Reputation and brand riskImpact: MediumLikelihood: Medium

    Negative publicity or sector-wide concerns can reduce student demand and harm institutional brands.

    Exposure: Laureate and local university brands

  5. Technology and cybersecurity disruptionImpact: MediumLikelihood: Medium

    Online operations and enterprise systems are critical to delivery, enrollment, and student retention.

    Exposure: Online platforms and campus systems

Accounting

Judgemental items
Revenue recognition net of scholarships and discounts

Tuition is the main revenue source, so aid and waiver policies directly change reported revenue.

Impact: Affects top-line revenue and comparability across periods

Seasonality from academic intake cycles

Primary and secondary intakes differ by country, causing revenue to cluster in different quarters.

Impact: Quarterly revenue and margin volatility

Goodwill and indefinite-lived intangible impairment

University brands and acquired institutions may require periodic impairment testing if demand weakens.

Impact: Potential non-cash write-downs

Capitalized property and equipment for campuses

New campus construction and upgrades are significant and affect depreciation over time.

Impact: Depreciation expense and invested capital

Indefinite reinvestment of foreign earnings

Most earnings are generated outside the U.S., affecting deferred tax liability recognition.

Impact: Tax expense and balance-sheet liabilities

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Laureate Education, Inc (LAUR) Revenue, Earnings & Financials 2025 – Clarifo