LOPE (Grand Canyon Education) Operating Income: $317 Mil (TTM As of Jun. 2026)

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LOPE Grand Canyon Education Inc LOPE
83 GF Score
Price $149.76
GF Value $186.01
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Grand Canyon Education Operating Income?

Grand Canyon Education LOPE +1.10% 83 Operating Income is $317 Mil as of Jun. 2026. GuruFocus rates LOPE with a GF Score™ of 83/100 and a GF Value™ of $186.01 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Grand Canyon Education's Operating Income for the three months ended in Jun. 2026 was $58 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was $317 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Grand Canyon Education's Operating Income for the three months ended in Jun. 2026 was $58 Mil. Grand Canyon Education's Revenue for the three months ended in Jun. 2026 was $264 Mil. Therefore, Grand Canyon Education's Operating Margin % for the quarter that ended in Jun. 2026 was 22.02%.

Warning Sign:

Grand Canyon Education Inc operating margin has been in a 5-year decline. The average rate of decline per year is -3.9%.

Grand Canyon Education's 5-Year average Growth Rate for Operating Margin % was -3.90% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Grand Canyon Education's annualized ROC % for the quarter that ended in Jun. 2026 was 27.13%. Grand Canyon Education's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 84.18%.


Grand Canyon Education  (NAS:LOPE) Operating Income Explanation

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

Grand Canyon Education'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 )
=232.604 * ( 1 - 24.65% )/( (638.415 + 653.52)/ 2 )
=175.267114/645.9675
=27.13 %

where

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))
=919.179 - 51.839 - ( 274.526 - max(0, 117.636 - 331.456+274.526))
=653.52

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

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

Grand Canyon Education'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 )
=232.604/( ( (273.151 + max(4.679, 0)) + (274.818 + max(-53.223, 0)) )/ 2 )
=232.604/( ( 277.83 + 274.818 )/ 2 )
=232.604/276.324
=84.18 %

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)
=(113.251 + 0 + 14.793) - (87.923 + 9.868 + 25.574)
=4.679

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(34.237 + 0 + 14.83) - (51.839 + 15.119 + 35.332)
=-53.223

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 %:

Grand Canyon Education'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 )
=58.151/264.045
=22.02 %

* 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.


Grand Canyon Education Operating Income Related Terms


Grand Canyon Education Operating Income Historical Data

* Premium members only.

The historical data trend for Grand Canyon Education'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.

Grand Canyon Education Operating Income Chart

Grand Canyon Education Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 282.19 237.50 249.26 277.30 303.32

Grand Canyon Education Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 51.79 55.43 108.08 95.46 58.15
LOPE
83GF Score
Grand Canyon Education Inc LOPE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Grand Canyon Education 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 $317 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 $317 Mil mean?
Grand Canyon Education (LOPE) has a Operating Income of $317 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Grand Canyon Education and its competitors.
Is Grand Canyon Education's Operating Income too high?
Grand Canyon Education's current Operating Income is $317 Mil. Overall, Grand Canyon Education has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grand Canyon Education's Operating Income compare to LRN and XXI?
Grand Canyon Education's Operating Income of $317 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 Grand Canyon Education and its competitors. Grand Canyon Education's current Operating Income is $317 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Canyon Education stock overvalued right now?
Based on GuruFocus' analysis, Grand Canyon Education (LOPE) is currently considered Modestly Undervalued. The stock's GF Value™ is $186.01, compared to a current price of $149.76 — trading 19.5% below its estimated fair value. The current Operating Income is $317 Mil. Grand Canyon Education's overall GF Score™ is 83/100 with 2 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 Grand Canyon Education (LOPE), the current Operating Income is $317 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.

Is Grand Canyon Education (LOPE) Overvalued in 2026?

Based on GuruFocus' analysis, Grand Canyon Education stock appears to be undervalued. The current stock price of $149.76 is trading 19.5% below its estimated GF Value™ of $186.01. GuruFocus considers Grand Canyon Education to be Modestly Undervalued.

Key valuation signals for LOPE:

  • Operating Income: $317 Mil
  • GF Value™: $186.01 vs. price of $149.76 (19.5% below fair value)
  • GF Score™: 83/100 with 2 warning signs

No single metric tells the full story. See the LOPE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grand Canyon Education Business Description

Address 2600 West Camelback Road, Phoenix, AZ, USA, 85017
Grand Canyon Education Inc is a publicly traded education services company dedicated to serving colleges and universities. GCE's university partner is Grand Canyon University, an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases, and certificates across nine colleges, both online and on the ground at its campus in Phoenix, Arizona, and at four off-site classroom andlaboratory sites. The Company generates all of its revenue through service agreements with its university partners.
83GF Score

Get the complete analysis for LOPE

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

$149.76
Price
$186.01
GF Value