Grand Canyon Education
Income Statement
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Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Grand Canyon Education's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $960,899,000. The net income raised on $204,985,000 and profit margin reached 21%. Total operating expenses were $254,454,000.
Profit Margin
| 2014 | 691.05M | 111.46M | 16.13% |
|---|---|---|---|
| 2015 | 778.2M | 131.41M | 16.89% |
| 2016 | 873.34M | 148.51M | 17.01% |
| 2017 | 974.13M | 203.31M | 20.87% |
| 2018 | 845.50M | 229.01M | 27.09% |
| 2019 | 778.64M | 259.17M | 33.29% |
| 2020 | 844.09M | 257.19M | 30.47% |
| 2021 | 896.56M | 260.34M | 29.04% |
| 2022 | 911.30M | 184.67M | 20.26% |
| 2023 | 960.89M | 204.98M | 21.33% |
LOPE Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 960.89M | 911.30M | 896.56M | 844.09M | 778.64M | 845.50M | 974.13M | 873.34M | 778.2M | 691.05M |
Cost of revenue | 457.18M | 423.80M | 381.25M | 350.54M | 314.11M | 421.59M | 410.84M | 373.10M | 329.65M | 288.79M |
Gross profit | 503.71M | 487.5M | 515.30M | 493.55M | 464.53M | 423.90M | 563.29M | 500.24M | 448.54M | 402.26M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 202.8M | 196.09M | 182.87M | 164.33M | 142.89M | 117.42M | 108.23M | 97.01M | 83.51M | 73.24M |
Total operating expenses | 254.45M | 250M | 233.11M | 216.11M | 195.43M | 147.38M | 280.54M | 259.51M | 238.18M | 221.44M |
Operating income | 249.25M | 237.5M | 282.19M | 277.43M | 265.13M | 258.14M | 282.75M | 237.20M | 210.36M | 180.81M |
Other income (expenses), net | 10.41M | 2.61M | 49.09M | 55.70M | 52.37M | -14.93M | 774K | -3.52M | -1.35M | -1.11M |
Income before tax | 259.67M | 240.11M | 331.28M | 333.14M | 317.50M | 287M | 283.52M | 236.12M | 209.00M | 179.69M |
Income tax expense | 54.69M | 55.44M | 70.94M | 75.94M | 58.32M | 57.98M | 80.20M | 87.61M | 77.59M | 68.23M |
Net income | 204.98M | 184.67M | 260.34M | 257.19M | 259.17M | 229.01M | 203.31M | 148.51M | 131.41M | 111.46M |
Earnings per share | ||||||||||
Basic EPS | 6.83 | 5.75 | 5.94 | 5.49 | 5.42 | 4.81 | 4.31 | 3.22 | 2.86 | 2.45 |
Diluted EPS | 6.8 | 5.73 | 5.92 | 5.45 | 5.37 | 4.73 | 4.22 | 3.15 | 2.78 | 2.37 |
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