Adtalem Global Education Inc (ATGE)

Operating profit margin

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020
Operating income (ttm)	US$ in thousands	341,542	337,387	308,603	263,345	221,301	188,088	160,673	148,088	168,034	150,425	149,379	128,086	75,215	93,507	104,457	120,046	161,483	142,964	153,237	153,225
Revenue (ttm)	US$ in thousands	1,788,290	1,741,091	1,687,694	1,633,207	1,584,652	1,539,386	1,495,810	1,465,870	1,451,584	1,448,174	1,444,715	1,452,611	1,446,379	1,365,522	1,280,553	1,192,466	1,112,380	1,091,735	1,082,568	1,065,629
Operating profit margin		19.10%	19.38%	18.29%	16.12%	13.97%	12.22%	10.74%	10.10%	11.58%	10.39%	10.34%	8.82%	5.20%	6.85%	8.16%	10.07%	14.52%	13.10%	14.15%	14.38%

June 30, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $341,542K ÷ $1,788,290K
= 19.10%

The operating profit margin of Adtalem Global Education Inc. has exhibited notable fluctuations over the analyzed period, reflecting changes in operational efficiency and profitability. At the beginning of the period, the margin was approximately 14.38% as of September 30, 2020, and remained relatively stable through December 31, 2020, at around 14.15%. During the subsequent quarter, March 31, 2021, a slight decline to 13.10% was observed. The margin recovered somewhat in June 2021 to 14.52%, indicating marginal operational improvements.

However, starting from September 30, 2021, a significant downward trend is evident, with the margin decreasing to 10.07% and further declining through the end of 2021 to approximately 8.16% by December 31, 2021. The downward trajectory persisted into 2022, reaching a low of 5.20% as of June 30, 2022. Thereafter, the margin witnessed a partial recovery, with a rise to 8.82% by September 30, 2022, and further increases through the end of 2022, ending at 10.34% in December.

Throughout 2023, the operating profit margin demonstrated steady improvement, moving from 10.39% in March to 11.58% in June, and reaching approximately 10.10% in September. By the end of the year, the margin continued upward, reaching 10.74% in December. The positive trend persisted into the first half of 2024, with the margin increasing to 12.22% in March and further climbing to 13.97% in June. The third quarter of 2024 saw a significant expansion, with the margin reaching 16.12%, followed by further growth to 18.29% in December 2024.

Projections for 2025 indicate continued strengthening of operating profitability, with the margin expected to reach approximately 19.38% in March and around 19.10% in June. Overall, the company's operating profit margin has experienced periods of decline and subsequent recovery, reflecting evolving operational conditions, strategic adjustments, and potentially changing market dynamics. The recent upward trend suggests an improving operational efficiency and profitability outlook for Adtalem Global Education Inc.