STRA Profit Margins - Strategic Education, Inc.

Complete source-backed margin history.

Historical Profit Margins

Date	Gross margin	Operating margin	Net margin
2026-06-30	—	14.97%	11.02%
2026-03-31	—	13.43%	10.72%
2025-12-31	—	15.98%	11.73%
2025-09-30	—	11.58%	8.32%
2025-06-30	—	14.23%	10.06%
2025-03-31	—	13.11%	9.80%
2024-12-31	—	11.57%	8.13%
2024-09-30	—	11.87%	9.07%
2024-06-30	—	13.43%	9.57%
2024-03-31	—	14.25%	10.23%
2023-12-31	—	17.91%	12.93%
2023-09-30	—	8.96%	6.46%
2023-06-30	—	5.85%	4.95%
2023-03-31	—	-0.53%	-0.79%
2022-12-31	—	10.24%	6.79%
2022-09-30	—	2.97%	2.32%
2022-06-30	—	7.99%	5.56%
2022-03-31	—	5.19%	2.72%
2021-12-31	—	10.24%	7.97%
2021-09-30	—	2.72%	1.43%
2021-06-30	—	8.92%	6.68%
2021-03-31	—	4.13%	3.30%
2020-12-31	—	1.35%	2.21%
2020-09-30	—	6.45%	4.59%
2020-06-30	—	18.14%	13.35%
2020-03-31	—	16.57%	13.28%
2019-12-31	—	14.11%	10.82%
2019-09-30	—	8.27%	6.90%
2019-06-30	—	11.26%	9.96%
2019-03-31	—	10.43%	4.67%
2018-12-31	—	7.80%	9.27%
2018-09-30	—	-35.49%	-32.79%
2018-06-30	—	3.65%	4.52%
2018-03-31	—	9.73%	8.13%
2017-12-31	—	9.85%	-5.47%
2017-09-30	—	7.58%	5.74%
2017-06-30	—	12.29%	9.14%
2017-03-31	—	16.05%	9.21%

Date	Gross margin	Operating margin	Net margin
2025-12-31	—	13.74%	9.98%
2024-12-31	—	12.76%	9.24%
2023-12-31	—	8.41%	6.16%
2022-12-31	—	6.64%	4.38%
2021-12-31	—	6.53%	4.87%
2020-12-31	—	10.64%	8.39%
2019-12-31	—	11.08%	8.14%
2018-12-31	—	-3.59%	-2.47%
2017-12-31	—	11.48%	4.53%
2016-12-31	—	13.03%	7.89%