20 unchanged sentences
132,200 Premium/ Traditional «««« • Ranked Top 5 university in Mexico
−Removed: • 5-Star rated by QS Stars™ in categories of Employability, Inclusiveness, Online Learning & Social Impact
+Added: • 5-Star rated by QS Stars™ in categories of Employability, Online Learning & Social Impact
Mexico Universidad Tecnológica de México (UNITEC) 137,200 Value/Teaching ««« • Largest private university in Mexico
−Removed: • 5-Star rated by QS Stars™ in categories of Employability, Inclusiveness, Online Learning & Social Impact
−Removed: Peru Universidad Peruana de Ciencias Aplicadas (UPC) 72,100 Premium/Traditional «««« • Ranked #1 in educational sector in Peru
−Removed: • 5-Star rated by QS Stars™ in categories of Employability, Inclusiveness, Online Learning & Social Impact
+Added: • 5-Star rated by QS Stars™ in categories of Employability, Online Learning & Social Impact
+Added: Peru Universidad Peruana de Ciencias Aplicadas (UPC) 78,400 Premium/Traditional «««««
+Added: • Ranked #1 in educational sector in Peru
+Added: • 5-Star rated by QS Stars™ in categories of Employability, Online Learning & Social Impact
Peru Universidad Privada del Norte (UPN) 129,900 Value/Teaching «««« • 3 rd largest private university in Peru
−Removed: • 5-Star rated by QS Stars™ in categories of Employability, Inclusiveness, Online Learning & Social Impact
+Added: • 5-Star rated by QS Stars™ in categories of Employability, Online Learning & Social Impact
Peru CIBERTEC
−Removed: 19,300 Tech/Voc N/A • 3 rd largest private tech/voc institute in Peru
+Added: 20,000 Tech/Voc N/A • 2nd largest private tech/voc institute in Peru
+Added: Secretaría de Educación Pública, SEP 2024 Database (Mexico), Ministry of Education of Peru, MINEDU 2024 Database (Peru).
QS Stars™, Guía Universitaria (UVM), MERCO 2025 Institutional Reputation Ranking (UPC)
19 unchanged sentences
In both Mexico and Peru, the private sector plays a meaningful role in higher education, bridging supply and demand imbalances created by a lack of capacity at public universities.
−Removed: In Mexico, private education providers constitute 39% of the total higher-education market (46% in states in which we have operations).
−Removed: In Peru, private education providers constitute 76% of the total higher-education market.
+Added: In Mexico, private education providers constitute approximately 39% of the total higher-education market (47% in states in which we have operations).
+Added: In Peru, private education providers constitute approximately 76% of the total higher-education market.
In addition to capacity limitations, we believe that limited public resources, and the corresponding policy reforms to make higher education systems less dependent on the financial and operational support of local governments, have resulted in increased enrollments in private institutions relative to public institutions.
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We employ a highly analytical process based on economic and demographic trends, and demand data for the local market to determine when and where to expand capacity.
−Removed: When opening a new campus or expanding existing facilities, we use best practices that we have developed over more than the past decade to cost-effectively expedite the opening and development of that location.
+Added: When opening a new campus or expanding existing facilities, we use best practices that we have developed to cost-effectively expedite the opening and development of that location.
Expand Online and Hybrid Education Programs.
42 unchanged sentences
We currently own, or have filed applications for, trademark registrations for the word “Laureate,” for “Laureate International Universities” and for the Laureate leaf logo in the trademark offices of all jurisdictions in which we operate institutions of h igher learning.
−Removed: We have also registered or filed applications in the applicable jurisdictions in which we operate for the trademarks “La ureate Online International” and “Laureate Online Education.” In addition, we have the rights to trade names, logos and other intellectual property specific to most of our higher education institutions, in the countries in which those institutions operate.
+Added: In addition, we have the rights to trade names, logos and other intellectual property specific to most of our higher education institutions, in the countries in which those institutions operate.
Human Capital
16 unchanged sentences
• Comprehensive employee engagement surveys are conducted regularly.
−Removed: In 2024, employees in Mexico and the United States responded to engagement surveys and our employees in Peru are scheduled to do so in the first half of 2025.
−Removed: Our overall engagement score in Mexico increased from 72% to 73% in 2024, and the overall engagement score for our US-based corporate team was 84%, an increase from 70% in 2022.
In addition, multiple metrics are consistently tracked to monitor engagement and employee satisfaction, such as voluntary attrition, changes in individual and team performance and outcomes, and reports to the ethics and compliance hotline.
+Added: These efforts are designed to gather valuable insights that inform decision-making and support meaningful improvements across the Company and our workforce.
Performance Management and Ongoing Development
• We have a company-wide approach to performance management, goal setting, feedback, and performance-based compensation, which, at a minimum, includes two formal review checkpoints per year.
−Removed: • In 2024, all members of our executive team continued to participate in an executive coaching and development program and contributed to a range of culture-building and workforce development initiatives.
+Added: • In 2025, all members of our executive team continued to contribute to a range of culture-building and workforce development initiatives.
Compensation and Employee Benefits
17 unchanged sentences
• These Impact Reports feature data and case studies tracked by our Impact and our Academic Quality Committees –comprised of impact and academic leaders from Mexico and Peru and from multiple functional areas including Finance, Communications, Academic, Operations and Ethics and Compliance.
−Removed: Information contained on our website is not incorporated by reference herein and is not part of this Annual Report on Form 10-K.
+Added: Information contained on our website is not incorporated by reference herein and is not part of this Form 10-K.
Since making our first investment in global higher education in 1999, we have focused on expanding access to differentiated higher education and learning opportunities to traditionally underserved areas of the world.
13 unchanged sentences
Our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports are available free of charge through the “Financials” portion of our investor relations website at http://investors.laureate.net and on the SEC's website at www.sec.gov as soon as reasonably practical after they are filed with the SEC.
−Removed: Various corporate governance documents, including o ur Audit and Risk Committee Charter, Compensation Committee Charter, Nominating and Corporate Governance Committee Charter, Corporate Governance Guidelines and Code of Conduct and Ethics are available without charge through the “Leadership and Governance” portion of our investor relations website, listed above.
+Added: Various corporate governance documents, including o ur Audit and Risk Committee Charter, Compensation Committee Charter, Nominating and Corporate Governance Committee Charter, Corporate Governance Guidelines and Code of Conduct and Ethics are available without charge through the “Governance” portion of our investor relations website, listed above.
In addition, we may use our website as a distribution channel of material company information, and we also webcast our earnings calls via our investor relations website.
2 unchanged sentences
Mexican law provides that private entities are entitled to render education services in accordance with applicable legal provisions.
−Removed: These provisions regulate the education services rendered by the federal government, the states and private entities and contain guidelines for the allocation of the higher education role among the federal government, the states and the municipalities, including their respective economic contributions, in order to jointly participate in the development and coordination of higher education.
+Added: These provisions regulate the education services rendered by the federal government, the states and private entities
+Added: and contain guidelines for the allocation of the higher education role among the federal government, the states and the municipalities, including their respective economic contributions, in order to jointly participate in the development and coordination of higher education.
There are three levels of regulation in Mexico:
22 unchanged sentences
and Universidad del Valle de México, S.C.
−Removed: have secretarial resolutions that were issued in their favor before the
−Removed: issuance of Acuerdo 17/11/17.
+Added: have secretarial resolutions that were issued in their favor before the issuance of Acuerdo 17/11/17.
The obligations contained in these secretarial resolutions generally conform to the obligations provided under Acuerdo 17/11/17.
34 unchanged sentences
The technical-vocational institutes and colleges law enacted in 2016 (the “Institutes and Colleges Law”) created two types of institutions:
−Removed: Higher Education Institutes (“Institutes”), which are dedicated to
−Removed: technical careers and Higher Education Colleges (“Colleges”), which are devoted to technical careers related to education, as well as science and information technology.
+Added: Higher Education Institutes (“Institutes”), which are dedicated to technical careers and Higher Education Colleges (“Colleges”), which are devoted to technical careers related to education, as well as science and information technology.
Institutes grant technical bachelor degrees and professional technical degrees.
12 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.