On this page of StockholderLetter.com we present the latest annual shareholder letter from LAUREATE EDUCATION, INC. — ticker symbol LAUR. Reading current and past LAUR letters to shareholders can bring important insights into the investment thesis.
ANNUAL REPORT 2025 ANNUAL REPORT ANNUAL ANNUAL REPORT 2025REPORT 2025 2025
We deliver high-quality education that prepares students for successful careers and lifelong achievement. 497,000+ students Focus Areas 5 50+ campuses Expanding access to quality education industry-leading institutions in Mexico and Peru Producing highly employable and socially mobile graduates Fostering social and economic advancement by growing the middle classes across Mexico and Peru 33,000+ employees Innovation and growth through a leading online learning offering and new campuses Mexico Universidad Tecnol gica de M xico Universidad del Valle de M xico 65 years 59 years 22 campuses 11 campuses 132,000+ students 137,000+ students Learn more at UVM.mx Learn more at UNITEC.mx Peru Universidad Privada del Norte Universidad Peruana de Ciencias Aplicadas Cibertec 31 years 31 years 42 years 4 campuses 9 campuses 7 campuses 78,000+ students 129,000+ students 20,000+ students Learn more at UPN.edu.pe Learn more at Cibertec.edu.pe Learn more at UPC.edu.pe
Our Impact Access to Education 50% First-generation students Percentage of newly enrolled students who are the first in their family to attend higher education. Student Outcomes 67% Graduation rate1 Percentage completing within 1.5x duration, after succeeding in their first year of study. 1 Includes only students re-enrolled after year one. Employability 9/10 Employment rate Nine out of ten of our job-seeking graduates are employed within 12 months of graduation. Payback Period ~3 years Payback period Time required for graduates of Laureate on-campus programs to recover the nominal cost of their education through additional earnings compared to high school graduates of the same age. Academic Quality QS Stars Ratings Overall ratings UVM UNITEC UPC UPN 5 Stars All institutions received 5 Stars for: Employability | Online learning | Social impact QS Stars is an international rating system created by QS World University Rankings to assess universities across a range of performance criteria. Universities are rated on a scale, with 5 stars representing an excellent level of achievement. Learn more at topuniversities.com. Learn more at laureate.net/impact
President and Chief Executive Officer Letter Dear Shareholders, I am pleased to report another year of strong performance Strong graduate employment outcomes for Laureate Education both financially and in the impact Nine out of ten of our job-seeking graduates secure we deliver for our students and the communities we serve. employment within 12 months of graduation. This reflects the relevance of our curricula and close alignment with Strong financial performance employers, enabling our graduates to enter the workforce In 2025, our disciplined execution and focused investment quickly and build a strong foundation for long-term drove sustained revenue growth and expanding margins. economic opportunity. On a reported basis, revenue reached $1.7 billion, reflecting 9% year-over-year growth. Operating income was $431 Graduate payback period million, compared to $374 million for 2024, resulting in Graduates of Laureate universities in on-campus programs a historic high operating margin. During the year, we recover the nominal cost of their education in approximately also returned more than $200 million of excess capital to three years through increased earnings, compared to shareholders through share repurchases. high school graduates of the same age. For working adult students in our online programs, this period is even shorter. These results reflect not only strong financial discipline We believe this is one of the most practical measures but also the tangible value created by our strategy. Our of educational value, demonstrating how our programs strong balance sheet and free cash flow enabled continued translate academic quality into tangible economic return. investment in our long-term growth agenda expanding fully online and health sciences programs, increasing Our impact is intentional. It comes from aligning campus capacity, and strengthening our digital and AI academic excellence with labor market needs, investing in capabilities. innovation, and continuously improving how we support our students from enrollment through to graduation and Delivering impact for students and communities into employment. While these financial results matter, we measure our success primarily by the difference we make for our Dedication that drives results students. their At the heart of our success are our 33,000+ faculty and education and long-term prospects. They entrust us with staff members. I am extremely grateful for their expertise, significant time, resources, and aspiration and we take innovation, and commitment, which make this work that responsibility very seriously. We are in the business possible. We are demonstrating that financial performance of changing lives through the transformative power of and societal impact are mutually reinforcing drivers of education. When our students succeed, they strengthen long-term value. We consider ourselves stewards of their families, contribute to their communities, and expand the middle classes in Mexico and Peru. Thank you for your continued confidence in our strategy, stewardship, and commitment to delivering shareholder Our impact in 2025 is reflected in clear, measurable value and lasting impact through quality education. outcomes, including: Expanding access for first-generation students Half of our newly enrolled students are first-generation university attendees. For many families, a graduate s first professional role marks a meaningful step towards longterm economic mobility. Eilif Serck-Hanssen President and Chief Executive Officer Laureate Education, Inc.
 • shareholder letter icon 4/9/2026 Letter Continued (Full PDF)
 • stockholder letter icon 4/14/2023 LAUR Stockholder Letter
 • stockholder letter icon 4/19/2024 LAUR Stockholder Letter
 • stockholder letter icon 4/11/2025 LAUR Stockholder Letter
 • stockholder letter icon More "Education & Training Services" Category Stockholder Letters
 • Benford's Law Stocks icon LAUR Benford's Law Stock Score = 72


LAUR Shareholder/Stockholder Letter Transcript:

ANNUAL REPORT 2025
ANNUAL
REPORT
ANNUAL
ANNUAL REPORT
2025REPORT 2025
2025

We deliver high-quality education that prepares students
for successful careers and lifelong achievement.
497,000+
students
Focus
Areas
5
50+
campuses
Expanding
access to
quality
education
industry-leading institutions
in Mexico and Peru
Producing highly
employable and
socially mobile
graduates
Fostering social and
economic advancement
by growing the middle
classes across Mexico
and Peru
33,000+
employees
Innovation and
growth through
a leading online
learning offering
and new campuses
Mexico
Universidad Tecnol  gica
de M  xico
Universidad del Valle
de M  xico
65 years
59 years
22 campuses
11 campuses
132,000+
students
137,000+
students
Learn more at UVM.mx
Learn more at UNITEC.mx
Peru
Universidad
Privada del Norte
Universidad
Peruana de Ciencias
Aplicadas
Cibertec
31 years
31 years
42 years
4 campuses
9 campuses
7 campuses
78,000+ students
129,000+ students
20,000+ students
Learn more at UPN.edu.pe
Learn more at Cibertec.edu.pe
Learn more at UPC.edu.pe

Our Impact
Access to Education
50%
First-generation students
Percentage of newly enrolled students who are the first
in their family to attend higher education.
Student Outcomes
67%
Graduation rate1
Percentage completing within 1.5x duration, after succeeding in their
first year of study.
1
Includes only students re-enrolled after year one.
Employability
9/10
Employment rate
Nine out of ten of our job-seeking graduates are employed within
12 months of graduation.
Payback Period
~3 years Payback period
Time required for graduates of Laureate on-campus programs to recover the
nominal cost of their education through additional earnings compared to
high school graduates of the same age.
Academic Quality     QS Stars Ratings
Overall ratings
UVM
UNITEC
UPC
UPN
5 Stars
All institutions received 5 Stars for:
Employability | Online learning | Social impact
QS Stars is an international rating system created by QS World University Rankings to assess
universities across a range of performance criteria. Universities are rated on a scale, with 5
stars representing an excellent level of achievement. Learn more at topuniversities.com.
Learn more at laureate.net/impact

President and
Chief Executive Officer Letter
Dear Shareholders,
I am pleased to report another year of strong performance
Strong graduate employment outcomes
for Laureate Education     both financially and in the impact
Nine out of ten of our job-seeking graduates secure
we deliver for our students and the communities we serve.
employment within 12 months of graduation. This reflects
the relevance of our curricula and close alignment with
Strong financial performance
employers, enabling our graduates to enter the workforce
In 2025, our disciplined execution and focused investment
quickly and build a strong foundation for long-term
drove sustained revenue growth and expanding margins.
economic opportunity.
On a reported basis, revenue reached $1.7 billion, reflecting
9% year-over-year growth. Operating income was $431
Graduate payback period
million, compared to $374 million for 2024, resulting in
Graduates of Laureate universities in on-campus programs
a historic high operating margin. During the year, we
recover the nominal cost of their education in approximately
also returned more than $200 million of excess capital to
three years through increased earnings, compared to
shareholders through share repurchases.
high school graduates of the same age. For working adult
students in our online programs, this period is even shorter.
These results reflect not only strong financial discipline
We believe this is one of the most practical measures
but also the tangible value created by our strategy. Our
of educational value, demonstrating how our programs
strong balance sheet and free cash flow enabled continued
translate academic quality into tangible economic return.
investment in our long-term growth agenda     expanding
fully online and health sciences programs, increasing
Our impact is intentional. It comes from aligning
campus capacity, and strengthening our digital and AI
academic excellence with labor market needs, investing in
capabilities.
innovation, and continuously improving how we support
our students     from enrollment through to graduation and
Delivering impact for students and communities
into employment.
While these financial results matter, we measure our
success primarily by the difference we make for our
Dedication that drives results
students.
their
At the heart of our success are our 33,000+ faculty and
education and long-term prospects. They entrust us with
staff members. I am extremely grateful for their expertise,
significant time, resources, and aspiration     and we take
innovation, and commitment, which make this work
that responsibility very seriously. We are in the business
possible. We are demonstrating that financial performance
of changing lives through the transformative power of
and societal impact are mutually reinforcing drivers of
education. When our students succeed, they strengthen
long-term value.
We
consider
ourselves
stewards
of
their families, contribute to their communities, and expand
the middle classes in Mexico and Peru.
Thank you for your continued confidence in our strategy,
stewardship, and commitment to delivering shareholder
Our impact in 2025 is reflected in clear, measurable
value and lasting impact through quality education.
outcomes, including:
Expanding access for first-generation students
Half of our newly enrolled students are first-generation
university attendees. For many families, a graduate   s first
professional role marks a meaningful step towards longterm economic mobility.
Eilif Serck-Hanssen
President and Chief Executive Officer
Laureate Education, Inc.


shareholder letter icon 4/9/2026 Letter Continued (Full PDF)
 

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