Phoenix Education Partners (PXED)
Runs online degree and certificate programs for working adults through University of Phoenix.
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Operates University of Phoenix, an online post-secondary institution serving working adults through degree programs, certificates, employer relationships, skills-aligned curriculum, digital badges, and career support. The business is reported as one University segment and depends on accreditation, Title IV eligibility, employer-paid enrollment, and proprietary-school regulation.
Operates through The University of Phoenix, Inc., offering online degree and certificate programs for working adults. Degree programs sit at the center of revenue, while certificates, employer relationships, skills-aligned curriculum, digital badges, and career-focused support round out the model.
Activity is concentrated in the United States through a Phoenix campus and distance education authorization. Program areas span business and information technology, health professions, social and behavioral sciences, education, nursing, doctoral studies, and general studies.
Execution depends on student enrollment and retention, employer tuition relationships, Higher Learning Commission accreditation, and eligibility for federal student-aid programs. The proprietary-school model is shaped by Title IV oversight, the 90/10 Rule, and past FTC and borrower-defense scrutiny.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 15, 2026 | BMO Capital | Reiterate | Rating: —Target: $39 | Target: $36 |
| Jul 15, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $46 | Target: $40 |
| Jan 14, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $45 | Target: $46 |
| Jan 14, 2026 | BMO Capital | Target | Target: $45 | Target: $39 |
| Dec 4, 2025 | Barrington | Target | Target: — | Target: $45 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $233.0M · Total debt $65.7M · Total assets $608.6M · Shareholders' equity $324.3M
- Revenue
- $271.8M
- Operating income
- $51.8M
- Net income
- $39.2M
HistoryDividendAnnual yield
| Institutions | 85.16% | 30.70M shares | |
|---|---|---|---|
| 99 holders · as of Jun 30, 2026 | |||
| Insiders | 1.94% | 700.7K shares | |
| 13 holders · as of Aug 27, 2026 | |||
| Strategic holders | 13.69% | 4.94M shares | |
| 1 holder · as of Jan 16, 2026 | |||
| Adds to | 100.79% | ||
36.05M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 100.79%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Apollo Management Holdings, L.P.Institution | 69.08% | 24.90M | as of Jun 30, 2026 |
Apollo Principal Holdings A GP, Ltd.Institution | 69.08% | 24.90M | filed May 14, 2026 |
TVG-I-E-AEG Holdings, LP1,2Strategic10 percent owner | 13.69% | 4.94M | filed Jan 16, 2026 |
Van Berkom & Associates Inc.Institution | 3.72% | 1.34M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 2.06% | 743,112 | as of Jun 30, 2026 |
- TVG-I-E-AEG Holdings, LP's transaction reports restate only vehicles that traded; the 2026 ownership statement (4.94M) is used instead.
- TVG-I-E-AEG Holdings, LP reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 15, 2025 | TVG-I-E-AEG Holdings, LP | 10 percent owner | −105,452 | $29.92 |
| Oct 15, 2025 | Martin H. Nesbitt | director, 10 percent owner: | −105,452 | $29.92 |
| Oct 15, 2025 | Adnan A. Nisar | director, 10 percent owner: | −105,452 | $29.92 |
| Oct 10, 2025 | TVG-I-E-AEG Holdings, LP | 10 percent owner | −703,015 | $29.92 |
| Oct 10, 2025 | Martin H. Nesbitt | director, 10 percent owner: | −703,015 | $29.92 |
- Strategic Education
Closest public peer in adult online degrees and employer education
- American Public Education
Adult online university and nursing programs overlap with Phoenix
- Perdoceo Education
Career-focused online universities with direct degree overlap
- Grand Canyon Education
Large online university-services model tied to GCU enrollment
- Coursera
Online degrees, certificates, and enterprise skills alternative
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Phoenix Education Partners | $26.33 | −0.42% | $953.1M | 12.1 | 5.7 | 0.9 | +0.0% |
| Strategic Education | $78.89 | +0.46% | $1.79B | 13.1 | 9.8 | 1.4 | +2.7% |
| American Public Education | $42.18 | −2.89% | $796.7M | 17.9 | 16.5 | 1.2 | +5.5% |
| Perdoceo Education | $31.85 | −1.48% | $2.03B | 11.8 | — | 2.4 | +1.8% |
| Grand Canyon Education | $149.07 | −0.98% | $3.92B | 18.2 | 13.9 | 3.4 | +6.7% |
| Coursera | $5.21 | +0.87% | $947.5M | — | 6.7 | 1.1 | +59.6% |
| Median | 15.5 | 11.8 | 1.4 | +5.5% |