Grand Canyon Education Student Service Center in Phoenix, Arizona.

Education services company Grand Canyon Education has reported net income of $257.1 million for 2020, compared to $259.2 million reported for 2019.

Service revenue for the year was $844.1 million, up from $778.6 million reported for 2019.

The Phoenix, Arizona-based company also reported results for the fourth quarter of 2020. Net income for the period was $86.8 million, up from $76.7 million reported for Q4 2019.

Service revenue for quarter was $238.3 million, up from $213.2 million reported for the final three months of 2019.

At the company’s virtual earning’s call Grand Canyon’s chairman and chief executive Brian Mueller said: “GCE continues to gain real momentum as an educational services provider. We are building three unique and differentiated platforms that will provide significant growth for GCE and make a major impact in this country in the next 10 years. In 2021, GCE will assist its partners in producing over 35,000 new graduates at either the bachelor’s, master’s, or doctoral level.”

Date published: 22 February 2021

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