Adtalem's Q3 2025: Navigating Contradictions in DC Developments, Enrollment Trends, and Financial Projections

DC developments and student enrollment, operating leverage targets, student enrollment and financing concerns, marketing efficiency and investment, impact of DC developments on business are the key contradictions discussed in Adtalem Global Education's latest 2025Q3 earnings call.



Revenue Growth and Student Enrollment:
- Adtalem Global Education reported revenue of $466 million for Q3, up 13% year-over-year.
- This growth was driven by a 9.8% year-over-year increase in total enrollment, with over 94,000 students choosing Adtalem Institutions.

Chamberlain University and Nursing Program Expansion:
- Chamberlain University's enrollment grew by 6.8% to over 40,000 students.
- The expansion of the BSN Online program to 36 states and 53 clinical hubs, as well as the Practice Ready Specialty Focused program, contributed to this growth.

Walden University Enrollment Surge:
- Walden University's enrollment increased by 13.5% to 48,500 students, exceeding pre-pandemic levels.
- The growth was fueled by effective marketing campaigns, digital innovations, and enhanced retention strategies.

Medical and Veterinary Segment Growth:
- The Medical and Veterinary segment experienced a 1.2% enrollment increase.
- This growth was attributed to operational improvements, a more seamless enrollment experience, and strategic long-term growth initiatives.

Improved Financial Performance and Shareholder Returns:
- Adtalem's adjusted EPS surged by 28% to $1.92.
- The company completed a $300 million share repurchase program and announced a new $150 million repurchase program, reflecting confidence in its strategic outlook and financial strength.