Vitru Brasil Empreendimentos Participacoes e Comercio (BSP:VTRU3) Operating Income: R$872 Mil (TTM As of Jun. 2026)

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BSP:VTRU3 Vitru Brasil Empreendimentos Participacoes e Comercio SA BSP:VTRU3
14 GF Score
Price R$13.01
! 3 Warning Signs
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What is Vitru Brasil Empreendimentos Participacoes e Comercio Operating Income?

Vitru Brasil Empreendimentos Participacoes e Comercio BSP:VTRU3 +1.88% 14 Operating Income is R$872 Mil as of Jun. 2026. GuruFocus rates BSP:VTRU3 with a GF Score™ of 14/100. The stock has 3 warning signs investors should review.

Vitru Brasil Empreendimentos Participacoes e Comercio's Operating Income for the three months ended in Jun. 2026 was R$273 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was R$872 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Vitru Brasil Empreendimentos Participacoes e Comercio's Operating Income for the three months ended in Jun. 2026 was R$273 Mil. Vitru Brasil Empreendimentos Participacoes e Comercio's Revenue for the three months ended in Jun. 2026 was R$661 Mil. Therefore, Vitru Brasil Empreendimentos Participacoes e Comercio's Operating Margin % for the quarter that ended in Jun. 2026 was 41.32%.

Vitru Brasil Empreendimentos Participacoes e Comercio's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Vitru Brasil Empreendimentos Participacoes e Comercio's annualized ROC % for the quarter that ended in Jun. 2026 was 15.46%. Vitru Brasil Empreendimentos Participacoes e Comercio's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 132.77%.


Vitru Brasil Empreendimentos Participacoes e Comercio  (BSP:VTRU3) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Vitru Brasil Empreendimentos Participacoes e Comercio's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=1092.948 * ( 1 - 16.77% )/( (6023.498 + 5741.123)/ 2 )
=909.6606204/5882.3105
=15.46 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6940.209 - 170.608 - ( 989.596 - max(0, 660.877 - 1406.98+989.596))
=6023.498

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6621.851 - 199.519 - ( 697.932 - max(0, 436.425 - 1117.634+697.932))
=5741.123

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Vitru Brasil Empreendimentos Participacoes e Comercio's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=902.264/( ( (606.171 + max(49.211, 0)) + (621.397 + max(82.367, 0)) )/ 2 )
=902.264/( ( 655.382 + 703.764 )/ 2 )
=902.264/679.573
=132.77 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(281.203 + 0 + 136.181) - (170.608 + 0 + 197.565)
=49.211

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(267.64 + 0 + 152.062) - (199.519 + 0 + 137.816)
=82.367

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Vitru Brasil Empreendimentos Participacoes e Comercio's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=273.237/661.348
=41.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Vitru Brasil Empreendimentos Participacoes e Comercio Operating Income Related Terms


Vitru Brasil Empreendimentos Participacoes e Comercio Operating Income Historical Data

* Premium members only.

The historical data trend for Vitru Brasil Empreendimentos Participacoes e Comercio's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vitru Brasil Empreendimentos Participacoes e Comercio Operating Income Chart

Vitru Brasil Empreendimentos Participacoes e Comercio Annual Data
Trend Dec23 Dec24 Dec25
Operating Income
686.96 734.82 815.21

Vitru Brasil Empreendimentos Participacoes e Comercio Quarterly Data
Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 257.32 199.65 195.47 203.85 273.24
BSP:VTRU3
14GF Score
Vitru Brasil Empreendimentos Participacoes e Comercio SA BSP:VTRU3
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Vitru Brasil Empreendimentos Participacoes e Comercio Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was R$872 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of R$872 Mil mean?
Vitru Brasil Empreendimentos Participacoes e Comercio (BSP:VTRU3) has a Operating Income of R$872 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vitru Brasil Empreendimentos Participacoes e Comercio and its competitors.
Is Vitru Brasil Empreendimentos Participacoes e Comercio's Operating Income too high?
Vitru Brasil Empreendimentos Participacoes e Comercio's current Operating Income is R$872 Mil. Overall, Vitru Brasil Empreendimentos Participacoes e Comercio has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Vitru Brasil Empreendimentos Participacoes e Comercio's Operating Income compare to EDU and TAL?
Vitru Brasil Empreendimentos Participacoes e Comercio's Operating Income of R$872 Mil can be compared against companies in the Education industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Education company?
A good Operating Income depends on the Education industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Vitru Brasil Empreendimentos Participacoes e Comercio and its competitors. Vitru Brasil Empreendimentos Participacoes e Comercio's current Operating Income is R$872 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vitru Brasil Empreendimentos Participacoes e Comercio stock overvalued right now?
Vitru Brasil Empreendimentos Participacoes e Comercio (BSP:VTRU3) has a current Operating Income of R$872 Mil. The current Operating Income is R$872 Mil. Vitru Brasil Empreendimentos Participacoes e Comercio's overall GF Score™ is 14/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Vitru Brasil Empreendimentos Participacoes e Comercio (BSP:VTRU3), the current Operating Income is R$872 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Vitru Brasil Empreendimentos Participacoes e Comercio Business Description

Address Rodovia Jose Carlos Daux, 5500, Torre Jurere A, Room 212, 2nd Floor, Saco Grande, Florianopolis, SC, BRA, 88032-005
Vitru Brasil Empreendimentos Participacoes e Comercio SA invests in educational service providers and provides distance learning continuing education services through its subsidiaries. The group provides educational services in Brazil, mainly undergraduate and continuing education courses, offered in person at its campuses located throughout Brazil. Its operating segments are: Distance Learning Undergraduate Courses, In-person undergraduate programs, and Continuing education courses. Maximum revenue is generated from its Distance Learning business, which offers virtual learning opportunities in education, business administration, accounting, physical education, vocational training, engineering, and health-related courses.
14GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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