LAUREATE EDUCATION, INC. Earnings Per Share Disclosure
| For the years ended December 31, | 2025 | 2024 | 2023 | ||||||||||||||
| Numerator used in basic and diluted earnings per common share for continuing operations: | |||||||||||||||||
| Income from continuing operations | $ | 283,816 | $ | 295,742 | $ | 117,029 | |||||||||||
| Net (income) loss attributable to noncontrolling interests | (2,154) | 78 | 323 | ||||||||||||||
| Net income from continuing operations available to common stockholders for basic and diluted earnings per share | $ | 281,662 | $ | 295,820 | $ | 117,352 | |||||||||||
| Numerator used in basic and diluted earnings (loss) per common share for discontinued operations: | |||||||||||||||||
| Net (loss) income from discontinued operations for basic and diluted earnings per share | $ | (32) | $ | 654 | $ | (9,762) | |||||||||||
| Denominator used in basic and diluted earnings (loss) per common share: | |||||||||||||||||
| Basic weighted average shares outstanding | 147,825 | 153,273 | 157,256 | ||||||||||||||
| Effect of dilutive stock options | 232 | 215 | 237 | ||||||||||||||
| Effect of dilutive restricted stock units | 615 | 408 | 386 | ||||||||||||||
| Diluted weighted average shares outstanding | 148,672 | 153,896 | 157,879 | ||||||||||||||
| Basic earnings per share: | |||||||||||||||||
| Income from continuing operations | $ | 1.91 | $ | 1.93 | $ | 0.75 | |||||||||||
| (Loss) income from discontinued operations | — | — | (0.06) | ||||||||||||||
| Basic earnings per share | $ | 1.91 | $ | 1.93 | $ | 0.69 | |||||||||||
| Diluted earnings per share: | |||||||||||||||||
| Income from continuing operations | $ | 1.89 | $ | 1.92 | $ | 0.74 | |||||||||||
| (Loss) income from discontinued operations | — | — | (0.06) | ||||||||||||||
| Diluted earnings per share | $ | 1.89 | $ | 1.92 | $ | 0.68 | |||||||||||
| For the years ended December 31, | 2025 | 2024 | 2023 | ||||||||||||||
Restricted stock units | — | 115 | 4 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2021 | Feb 24, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.