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Market Information
−Removed: Our common stock trades on the Nasdaq Global Market under the symbol “LOPE.” The holders of our common stock are entitled to one vote per share on any matter to be voted upon by stockholders.
+Added: Our common stock trades on the Nasdaq Global Select Market under the symbol “LOPE.” The holders of our common stock are entitled to one vote per share on any matter to be voted upon by stockholders.
All shares of common stock rank equally as to voting and all other matters.
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Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: On January 29, 2025, our Board of Directors approved a $200.0 million increase under the Company’s existing stock repurchase program, reflecting an aggregate authorization for share repurchases since the initiation of the program of $2,245.0 million.
+Added: On December 10, 2025, our Board of Directors approved a $300.0 million increase under the Company’s existing stock repurchase program, reflecting an aggregate authorization for share repurchases since the initiation of the program of $2,545.0 million.
The current expiration date on the repurchase authorization by the Board of Directors is March 1, 2027.
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The amount and timing of future share repurchases, if any, will be made as market and business conditions warrant.
−Removed: Since the initial approval of our share repurchase plan, we have repurchased 23,883,357 shares of common stock at an aggregate cost of $1,945.4 billion, which purchases are recorded at cost in the accompanying December 31, 2024 consolidated balance sheet and statement of stockholders’ equity.
−Removed: At December 31, 2024, there remained $99.6 million available under our current share repurchase authorization (which authorization was increased to $299.6 million in January 2025).
−Removed: During the fourth quarter and the year ended December 31, 2024, GCE repurchased 416,497
−Removed: and 1,141,678 shares of common stock, respectively, at an aggregate cost of $64.8 million and $165.4 million, respectively.
+Added: Since the initial approval of our share repurchase plan, we have repurchased 25,363,153 shares of common stock at an aggregate cost of $2,200.6 million, which purchases are recorded at cost in the accompanying December 31, 2025 consolidated balance sheet and statement of stockholders’ equity.
+Added: At December 31, 2025, there remained $344.4 million available under our current share repurchase authorization.
+Added: During the fourth quarter and the year ended December 31, 2025, GCE repurchased 605,730 and 1,479,796 shares of common stock, respectively, at an aggregate cost of $100.0 million and $255.3 million, respectively.
The following table sets forth our share repurchases of common stock and our share repurchases in lieu of taxes, which are not included in the repurchase plan totals as they were effected in conjunction with the vesting of restricted share awards, during each period in the fourth quarter of fiscal 2025:
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The following graph compares the cumulative total return of our common stock with the cumulative total returns of the S&P 500 Index and our education services peer group of seven companies that includes:
−Removed: Wiley Education Services, Pearson plc, CHEGG, Inc., Laureate Education, Inc., Strategic Education, Inc., Adtalum Global Education, Inc.
−Removed: and Coursera.
+Added: Wiley Education Services, Pearson plc, CHEGG, Inc., Laureate Education, Inc., Strategic Education, Inc., Adtalem Global Education, Inc.
+Added: and Coursera Inc.
This chart assumes that an investment of $100 was made in our common stock, in the index, and in the peer group on December 31, 2020 and that all dividends paid (if any) were reinvested, and tracks the relative performance of such investments through December 31, 2025.
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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.