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(Incorporated in Delaware)
We are a mission-driven organization operating at the forefront of the rapidly evolving post-secondary education market. As one of the largest online education providers and a pioneer in our field, we benefit from the dynamic interplay between technological innovation, education, employment and economic trends. The demands of the modern workforce are continually shifting, and we are focused on transforming the way individuals achieve their educational and career aspirations while balancing the unique demands of being an adult learner. We are focused on delivering a personalized, career-relevant and affordable education to our students through our flexible learning model, skills-aligned curriculum and accessible tuition costs. We have created purpose-built platforms that leverage an artificial intelligence (“AI”)-ready data infrastructure and technology stack to enhance the student experience, increase student success and improve the connectivity between students, educators and employers.
The University of Phoenix was founded in 1976. It has been continuously accredited since 1978 by the Higher Learning Commission (“HLC”), an institutional accrediting agency recognized by the U.S. Department of Education. In our nearly five decades of operation, we have served more than 1.1 million alumni (including those who have completed non-degree certificates) and conferred nearly 1.3 million degrees. According to Forbes, we were the university with the highest number of graduates employed at the top 20 Fortune 500 companies as of September 2021.
Our student body consists primarily of working adults seeking to advance their careers. Adult learners represent an attractive and growing sub-segment of the higher education market. However, they face unique challenges that are not addressed by traditional programs designed for 18- to 22-year-olds, including the time constraints and responsibilities of work, community and caring for dependents. As a result, these students can significantly benefit from an education solution tailored to their needs.
For the fiscal year ended August 31, 2024, the University’s Average Total Degreed Enrollment was 78,900, including 64,100 undergraduate and 14,800 graduate students. During the first nine months of fiscal year 2025, Average Total Degreed Enrollment increased to 82,700. See “—Summary Consolidated Financial and Other Data” for the definition of Average Total Degreed Enrollment. Students either enroll at the University independently or have the option to enroll through one of our more than 2,500 employer relationships.
The University currently offers 72 degree-granting and 33 non-degree certificate programs across a wide range of disciplines.
Note: Net income and revenue are for fiscal 2024.
(Note: Phoenix Education Resources disclosed the terms for its IPO – 4.25 million shares at a price range of $31.00 to $33.00 – to raise $136 million, if priced at the $32.00 mid-point its its range, according to an S-1/A filing dated June 16, 2025. Background: The company’s SEC filings are under the name – AP VIII Queso Holdings, L.P.)
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