Laureate Education Q3 2026 net income reaches $101M

The board added $150 million to the repurchase authorization as Laureate reaffirmed its full-year 2026 outlook.

Rhea-AI Filing Summary

Laureate Education, Inc. (LAUR) reported third-quarter 2026 revenue of $485.1 million, up 21% reported and 14% constant currency year over year. Academic-calendar timing favorably affected revenue by approximately $29 million. Operating income was $119.1 million versus $71.5 million; net income was $101.2 million versus $34.4 million, including a $25.4 million non-recurring, non-cash tax benefit. Adjusted EBITDA was $146.8 million versus $94.8 million, favorably affected by approximately $26 million of calendar timing.

For the first nine months, revenue was $1,373.6 million, up 18% reported and 8% constant currency; new and total enrollments rose 9% and 6%. Net income was $216.7 million versus $112.3 million, and Adjusted EBITDA was $395.1 million versus $314.7 million. Laureate expects the academic-calendar timing impacts on revenue and Adjusted EBITDA to be offset in fourth-quarter 2026.

Laureate reaffirmed full-year 2026 guidance, with revenue expected at $1,920–$1,930 million, Adjusted EBITDA at $593–$599 million and Adjusted EPS at $2.04–$2.10 per share. Its board approved a $150 million increase in repurchase authorization; after the increase and repurchases through September 30, the company may repurchase up to approximately $225.2 million under the program.

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Positive

• Moderate pointThird-quarter revenue reached $485.1 million, up 21% reported.
• Moderate pointThird-quarter net income was $101.2 million, versus $34.4 million.
• Moderate pointThird-quarter Adjusted EBITDA was $146.8 million, versus $94.8 million.
• Moderate pointNine-month operating cash flow was $324.6 million, versus $272.8 million.

Negative

• None.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Third-quarter revenue: $485.1 million Third-quarter net income: $101.2 million Third-quarter Adjusted EBITDA: $146.8 million +5 more

8 metrics

Third-quarter revenue $485.1 million Three months ended September 30, 2026; up 21% reported year over year

Third-quarter net income $101.2 million Three months ended September 30, 2026; compared with $34.4 million in 2025

Third-quarter Adjusted EBITDA $146.8 million Three months ended September 30, 2026; compared with $94.8 million in 2025

Operating cash flow $324.6 million Nine months ended September 30, 2026; compared with $272.8 million in 2025

Net debt $14.3 million As of September 30, 2026

Increase in share repurchase authorization $150 million Approved October 29, 2026

2026 revenue guidance $1,920–$1,930 million Full-year 2026, as reported

2026 Adjusted EPS guidance $2.04–$2.10 per share Full-year 2026

Key Terms

Constant currency, Adjusted EBITDA, Net debt, Discrete tax benefit

4 terms

Constant currency financial

"On a constant currency basis"

Constant currency is a way of measuring financial results that removes the effects of changes in currency exchange rates. It allows for a clearer comparison of a company's performance over time by showing what the numbers would look like if exchange rates had stayed the same. This helps investors understand whether growth comes from actual business improvements or just currency fluctuations.

Adjusted EBITDA financial

"Adjusted EBITDA for the third quarter of 2026"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Net debt financial

"net debt was $14.3 million"

Net debt is the total amount a company owes after subtracting the cash and assets it has that can be used to pay off that debt. It shows how much debt is truly a burden, helping investors understand if a company is financially healthy or heavily borrowed. Think of it like calculating how much money you owe after using your savings to pay part of it.

Discrete tax benefit financial

"a discrete tax benefit of $25.4 million"

Earnings Snapshot

Revenue: $485.1 million · Guidance included

Three months ended September 30, 2026

Revenue $485.1 million Up 21% reported and 14% constant currency year over year

Operating income $119.1 million Compared with $71.5 million in the third quarter of 2025

Net income $101.2 million Compared with $34.4 million in the third quarter of 2025

Adjusted EBITDA $146.8 million Compared with $94.8 million in the third quarter of 2025

Guidance

Laureate reaffirmed full-year 2026 guidance: revenue of $1,920–$1,930 million, Adjusted EBITDA of $593–$599 million and Adjusted EPS of $2.04–$2.10 per share.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were LAUR's third-quarter 2026 financial results?

Laureate reported third-quarter revenue of $485.1 million, operating income of $119.1 million, net income of $101.2 million and Adjusted EBITDA of $146.8 million. Revenue increased 21% on a reported basis; net income included a $25.4 million non-recurring, non-cash tax benefit.

What is LAUR's full-year 2026 guidance?

Laureate reaffirmed expected 2026 revenue of $1,920–$1,930 million, Adjusted EBITDA of $593–$599 million and Adjusted EPS of $2.04–$2.10 per share. The revenue outlook reflects expected growth of 13% on a reported basis and 6%–7% on a constant-currency basis.

What is LAUR's Q4 2026 outlook?

Laureate expects Q4 2026 revenue of $546–$556 million and Adjusted EBITDA of $198–$204 million. The outlook uses actual October foreign exchange rates and assumed rates of MXN 18.60 and PEN 3.45 per U.S. dollar for November–December 2026.

How much cash and gross debt did LAUR report?

As of September 30, 2026, Laureate reported $189.9 million of cash and cash equivalents and $204.2 million of gross debt. Net debt was $14.3 million.

Does LAUR's share repurchase program have an expiration date?

Laureate's stock repurchase program has no fixed expiration date. Its board approved a $150 million increase on October 29, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/29/2026 - 07:14 AM EDT Accepted by SEC EDGAR 10/29/2026 - 07:14 AM EDT Learn about SEC filing dates

false000091276600009127662026-10-292026-10-29

  UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

October 29, 2026

Laureate Education, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-38002

52-1492296

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

PMB 1158, 1000 Brickell Avenue, Suite 715

Miami, FL 33131

(Address of principal executive offices, including zip code)

(786) 209-3368

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐                    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐                     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐                     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐                     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.004 per share			LAUR			The NASDAQ Stock Market LLC
						(Nasdaq Global Select Market)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   o

Item 2.02    Results of Operations and Financial Condition.

On October 29, 2026, Laureate Education, Inc. (the “Company”) issued an earnings release announcing its financial results for the quarter ended September 30, 2026. A copy of the earnings release is furnished herewith as Exhibit 99.1 and incorporated in this Item 2.02 by reference.

Item 7.01    Regulation FD Disclosure.

On October 29, 2026, the Company made available on the investor relations section of its website its third quarter of 2026 Earnings Presentation (the “Presentation”). A copy of the Presentation is furnished herewith as Exhibit 99.2 and incorporated in this Item 7.01 by reference.

Item 9.01    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.			Description
99.1			Earnings Release issued by Laureate Education, Inc. on October 29, 2026.
99.2			Third Quarter of 2026 Earnings Presentation.
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			LAUREATE EDUCATION, INC.
			By:			/s/ RICHARD M. BUSKIRK
			Name:			Richard M. Buskirk
			Title:			Senior Vice President and Chief Financial Officer

Date: October 29, 2026

2

Exhibit 99.1

LAUREATE EDUCATION REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2026

Company Reaffirms Full-Year 2026 Guidance

Announces $150 Million Increase in Share Repurchase Authorization

MIAMI - October 29, 2026 (GLOBE NEWSWIRE) - Laureate Education, Inc. (NASDAQ: LAUR), which operates five higher education institutions across Mexico and Peru, today announced financial results for the third quarter and nine months ended September 30, 2026.

Third Quarter 2026 Highlights (compared to third quarter 2025):

•On a reported basis, revenue increased 21% to $485.1 million. On a constant currency basis1, revenue increased 14% and was favorably affected by approximately $29 million of intra-year academic calendar timing attributable to semester start dates in 2026 as compared to 2025.

•Operating income for the third quarter of 2026 was $119.1 million, compared to operating income of $71.5 million for the third quarter of 2025.

•Net income for the third quarter of 2026 was $101.2 million, compared to net income of $34.4 million for the third quarter of 2025. The increase in net income compared to 2025 was mainly driven by higher operating income as well as a discrete tax benefit of $25.4 million that was recorded during the third quarter of 2026.

•Adjusted EBITDA for the third quarter of 2026 was $146.8 million, compared to Adjusted EBITDA of $94.8 million for the third quarter of 2025. Adjusted EBITDA in the third quarter of 2026 was favorably affected by approximately $26 million of intra-year academic calendar timing attributable to semester start dates in 2026 as compared to 2025.

Nine Months Ended September 30, 2026 Highlights (compared to nine months ended September 30, 2025):

•New enrollments increased 9%.

•Total enrollments increased 6%.

•On a reported basis, revenue increased 18% to $1,373.6 million. On a constant currency basis1, revenue increased 8% and was favorably affected by approximately $20 million of intra-year academic calendar timing attributable to semester start dates in the nine months ended September 30, 2026 as compared to the nine months ended September 30, 2025.

•Operating income for the nine months ended September 30, 2026 was $315.0 million, compared to operating income of $251.6 million for the nine months ended September 30, 2025.

•Net income for the nine months ended September 30, 2026 was $216.7 million, compared to net income of $112.3 million for the nine months ended September 30, 2025. The increase in net income was mainly driven by higher operating income as well as the effect of changes in foreign currency exchange rates on intercompany balances compared to the 2025 period, in addition to a discrete tax benefit of $25.4 million that was recorded during the nine months ended September 30, 2026.

•Adjusted EBITDA for the nine months ended September 30, 2026 was $395.1 million, compared to Adjusted EBITDA of $314.7 million for the nine months ended September 30, 2025. Adjusted EBITDA for the nine months ended September 30, 2026 was favorably affected by approximately $17 million of intra-year academic calendar timing attributable to semester start dates in 2026 as compared to 2025.

•Laureate expects that the intra-year academic calendar timing impacts on revenue and Adjusted EBITDA will be offset in the fourth quarter of 2026.

1 Constant currency results exclude the period-over-period impact from currency fluctuations.

1

Eilif Serck-Hanssen, President and Chief Executive Officer, said, “We are pleased to report strong new enrollment intakes in both of our markets. The primary intake in Mexico included a very successful launch of our new campus in Puebla, as well as further growth in existing campuses. During the secondary intake in Peru, we continued to leverage our fully online capabilities to meet growing demand for working adults as that market scales.”

Mr. Serck-Hanssen added, “Today we are announcing an additional $150 million increase to our share repurchase program, reflecting continued favorable operating momentum in the business, our strong balance sheet and commitment to returning capital to shareholders.”

Third Quarter 2026 Results

For the third quarter of 2026, revenue on a reported basis was $485.1 million, an increase of $84.9 million, or 21%, compared to the third quarter of 2025. On a constant currency basis, revenue increased 14% and was favorably affected by approximately $29 million of intra-year academic calendar timing attributable to semester start dates in 2026 as compared to 2025. Operating income for the third quarter of 2026 was $119.1 million, compared to $71.5 million for the third quarter of 2025, an increase of $47.6 million. Net income for the third quarter of 2026 was $101.2 million, compared to net income of $34.4 million for the third quarter of 2025. The increase in net income compared to 2025 was mainly driven by higher operating income as well as a discrete tax benefit of $25.4 million that was recorded during the third quarter of 2026. Basic and diluted earnings per share for the third quarter of 2026 were $0.74 and $0.73, respectively.

Adjusted EBITDA for the third quarter of 2026 was $146.8 million, compared to Adjusted EBITDA of $94.8 million for the third quarter of 2025. Adjusted EBITDA in the third quarter of 2026 was favorably affected by approximately $26 million of intra-year academic calendar timing attributable to semester start dates in 2026 as compared to 2025.

Nine Months Ended September 30, 2026 Results

New enrollments for the nine months ended September 30, 2026 increased 9%, compared to new enrollment activity for the nine months ended September 30, 2025, and total enrollments were up 6% compared to the prior-year period. New and total enrollments in Peru increased 10% and 5%, respectively, compared to the prior-year period. New and total enrollments in Mexico were up 8% and 6%, respectively, compared to the prior-year period.

For the nine months ended September 30, 2026, revenue on a reported basis was $1,373.6 million, an increase of $213.1 million, or 18%, compared to the nine months ended September 30, 2025. On a constant currency basis, revenue increased 8%. Revenue for the nine months ended September 30, 2026 was favorably affected by approximately $20 million of intra-year academic calendar timing attributable to semester start dates in 2026 as compared to 2025. Operating income for the nine months ended September 30, 2026 was $315.0 million, compared to $251.6 million for the nine months ended September 30, 2025, an increase of $63.4 million. Net income for the nine months ended September 30, 2026 was $216.7 million, compared to net income of $112.3 million for the nine months ended September 30, 2025. The increase in net income was mainly driven by higher operating income as well as the effect of changes in foreign currency exchange rates on intercompany balances compared to the 2025 period, in addition to a discrete tax benefit of $25.4 million that was recorded during the nine months ended September 30, 2026. Basic and diluted earnings per share for the nine months ended September 30, 2026 were $1.55 and $1.54, respectively.

Adjusted EBITDA for the nine months ended September 30, 2026 was $395.1 million, compared to Adjusted EBITDA of $314.7 million for the nine months ended September 30, 2025. Adjusted EBITDA for the nine months ended September 30, 2026 was favorably affected by approximately $17 million of intra-year academic calendar timing attributable to semester start dates in the 2026 period as compared to the 2025 period.

2

Balance Sheet and Capital Structure

As of September 30, 2026, Laureate had $189.9 million of cash and cash equivalents and gross debt of $204.2 million. Accordingly, net debt was $14.3 million as of September 30, 2026.

Laureate repurchased approximately $256 million of its common stock during the nine months ended September 30, 2026. As of September 30, 2026, Laureate had approximately $75.2 million of stock repurchase authorization remaining under its existing stock repurchase program. On October 29, 2026, the Company announced that its board of directors had approved a $150 million increase to its existing stock repurchase program to acquire shares of the Company's common stock. After giving effect to this new authorization and taking into account the cumulative repurchases through September 30, 2026, the Company may repurchase up to approximately $225.2 million of its common stock under its stock repurchase program, which has no fixed expiration date.

As of September 30, 2026, Laureate had 135.7 million total shares outstanding.

Outlook for Fiscal 2026

Laureate is reaffirming its 2026 outlook.

Based on assumed foreign exchange rates2, Laureate expects its full-year 2026 results to be as follows:

•Total enrollments are expected to be in the range of 518,000 to 523,000 students, reflecting growth of 4%-5% versus 2025;

•Revenues are expected to be in the range of $1,920 million to $1,930 million, reflecting growth of 13% on an as-reported basis and growth of 6%-7% on a constant currency basis versus 2025;

•Adjusted EBITDA is expected to be in the range of $593 million to $599 million, reflecting growth of 14%-15% on an as-reported basis and 8%-9% on a constant currency basis versus 2025; and

•Adjusted EPS is expected to be in the range of $2.04 - $2.10 per share3, reflecting growth of 19%-22% on an as-reported basis versus 2025.

Reconciliations of forward-looking non-GAAP measures, specifically the outlook for 2026 Adjusted EBITDA and Adjusted EPS, to the relevant forward-looking GAAP measures are not being provided, as Laureate does not currently have sufficient data to accurately estimate the variables and individual adjustments for such outlooks and reconciliations. Due to this uncertainty, Laureate cannot reconcile projected Adjusted EBITDA and projected Adjusted EPS to projected net income and projected earnings per share, respectively, without unreasonable effort. Please see the “Forward-Looking Statements” section in this release for a discussion of certain risks related to this outlook.

Conference Call

Laureate will host an earnings conference call today at 8:30 am ET. Interested parties are invited to listen to the earnings call by registering at https://bit.ly/LAURQ32026 to receive dial-in information. The webcast of the conference call, including replays, and a copy of this press release and the related slides will be made available through the Investor Relations section of Laureate’s website at www.laureate.net.

2 Based on actual FX rates for January-October 2026, and assumed FX rates (local currency per U.S. Dollar) of MXN 18.60 and PEN 3.45 for November 2026 - December 2026. FX impact may change based on fluctuations in currency rates in future periods.

3 Assumes diluted weighted average shares outstanding of approximately 139 million.

3

Forward-Looking Statements

This press release includes statements that express Laureate’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ‘‘forward-looking statements’’ within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate’s actual results may vary significantly from the results anticipated in these forward-looking statements. You can identify forward-looking statements because they contain words such as ‘‘believes,’’ ‘‘expects,’’ ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘seeks,’’ ‘‘approximately,’’ ‘‘intends,’’ ‘‘plans,’’ ‘‘estimates’’ or ‘‘anticipates’’ or similar expressions that concern our strategy, plans or intentions. In particular, statements regarding the amount, timing, process, tax treatment and impact of any future dividends represent forward-looking statements. All statements we make relating to guidance (including, but not limited to, total enrollments, revenues, Adjusted EBITDA and Adjusted EPS), and all statements we make relating to our current growth strategy and other future plans, strategies or transactions that may be identified, explored or implemented and any litigation or dispute resulting from any completed transaction are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, including with respect to our current growth strategy and the impact of any completed divestiture or separation transaction on our remaining businesses. Accordingly, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from our expectations are disclosed in our Annual Report on Form 10-K filed with the SEC on February 19, 2026, our subsequent Quarterly Reports on Form 10-Q filed, and to be filed, with the SEC and other filings made with the SEC. These forward-looking statements speak only as of the time of this release and we do not undertake to publicly update or revise them, whether as a result of new information, future events or otherwise, except as required by law.

Presentation of Non-GAAP Measures

In addition to the results provided in accordance with U.S. generally accepted accounting principles (GAAP) throughout this press release, Laureate provides the non-GAAP measurements of Adjusted EBITDA, Adjusted net income, Adjusted EPS, and total debt, net of cash and cash equivalents (or net debt). We have included the non-GAAP measures of Adjusted EBITDA and net debt because they are key measures used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. We have included the non-GAAP measures of Adjusted net income and Adjusted EPS because management believes that these measures provide investors with better visibility into Laureate's underlying earnings as they exclude items that may not be indicative of our core operating results.

Adjusted EBITDA consists of net income (loss), before (income) loss from discontinued operations, net of tax, equity in net (income) loss of affiliates, net of tax, income tax expense (benefit), (gain) loss on disposal of subsidiaries, net, foreign currency exchange (gain) loss, net, other (income) expense, net, interest expense, interest income, and loss on debt extinguishment, plus depreciation and amortization, share-based compensation expense, and loss on impairment of assets. The exclusion of certain expenses in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business. Additionally, Adjusted EBITDA is a key input into the formula used by the compensation committee of our board of directors and our Chief Executive Officer in connection with the payment of incentive compensation to our executive officers and other members of our management team. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors.

4

We define Adjusted net income as net income (loss), before (income) loss from discontinued operations, plus discrete tax items, loss on debt extinguishment, loss (gain) on disposal of subsidiaries, net, foreign currency exchange (gain) loss, net, and loss on impairment of assets. We define Adjusted EPS as Adjusted net income divided by GAAP diluted weighted average shares outstanding. Adjusted net income and Adjusted EPS provide a useful indicator about Laureate’s earnings from core operations.

Total debt, net of cash and cash equivalents, (or net debt) consists of total gross debt less total cash and cash equivalents. Net debt provides a useful indicator about Laureate’s leverage and liquidity.

Free Cash Flow consists of operating cash flow minus capital expenditures (net of sales of PP&E). Free Cash Flow provides a useful indicator about Laureate’s ability to fund its operations and repay its debt.

Adjusted EBITDA to Unlevered Free Cash Flow Conversion consists of Unlevered Free Cash Flow (which is defined as cash flows from operating activities, less capital expenditures (net of sales of PP&E), plus net cash interest expense) divided by Adjusted EBITDA. Adjusted EBITDA to Unlevered Free Cash Flow provides useful information to investors and others in understanding and evaluating our ability to generate cash flows.

Laureate’s calculations of Adjusted EBITDA, Adjusted net income, Adjusted EPS, and total debt, net of cash and cash equivalents (or net debt) are not necessarily comparable to calculations performed by other companies and reported as similarly titled measures. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP but should not be considered a substitute for or superior to GAAP results. Adjusted EBITDA, Adjusted net income and Adjusted EPS are reconciled from their most directly comparable GAAP measures in the attached tables under “Non-GAAP Reconciliations.”

We evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. We believe that providing constant currency information provides valuable supplemental information regarding our results of operations, consistent with how we evaluate our performance. We calculate constant currency amounts using the change from prior-period average foreign exchange rates to current-period average foreign exchange rates, as applied to local-currency operating results for the current period.

About Laureate Education, Inc.

Laureate Education, Inc. operates five higher education institutions across Mexico and Peru, enrolling more than 500,000 students in high-quality undergraduate, graduate, and specialized degree programs through campus-based and online learning. Our universities have a deep commitment to academic quality and innovation, strive for market-leading employability outcomes, and work to make higher education more accessible. At Laureate, we know that when our students succeed, countries prosper, and societies benefit. Learn more at laureate.net.

5

Key Metrics and Financial Tables

(Dollars in millions, except per share amounts, and may not sum due to rounding)

New and Total Enrollments by segment

			New Enrollments																		Total Enrollments
			YTD 3Q 2026						YTD 3Q 2025						Change						As of 09/30/2026						As of 09/30/2025						Change
Mexico			171,000						158,000						8		%										292,500						277,000						6		%
Peru			110,800						100,800						10		%										247,100						234,400						5		%
Laureate			281,800						258,800						9		%										539,600						511,400						6		%

6

Consolidated Statements of Operations

			For the three months ended September 30,																		For the nine months ended September 30,
IN MILLIONS (except per share amounts)			2026						2025						Change						2026						2025						Change
Revenues			$	485.1					$	400.2					$	84.9					$	1,373.6					$	1,160.5					$	213.1
Costs and expenses:
Direct costs			353.4						316.5						36.9						1,020.6						872.3						148.3
General and administrative expenses			12.6						12.2						0.4						37.9						36.7						1.2
Operating income			119.1						71.5						47.6						315.0						251.6						63.4
Interest income			2.3						2.1						0.2						5.7						5.0						0.7
Interest expense			(4.8)						(2.6)						(2.2)						(12.1)						(8.1)						(4.0)
Other income, net			(0.1)						0.2						(0.3)						0.4						1.0						(0.6)
Foreign currency exchange loss, net			4.7						(2.3)						7.0						3.7						(31.1)						34.8
Income from continuing operations before income taxes			121.2						68.8						52.4						312.7						218.4						94.3
Income tax expense			(20.0)						(34.5)						14.5						(96.0)						(106.3)						10.3
Income from continuing operations			101.2						34.4						66.8						216.7						112.0						104.7
Income from discontinued operations, net of tax			—						—						—						—						0.2						(0.2)
Net income			101.2						34.4						66.8						216.7						112.3						104.4
Net income attributable to noncontrolling interests			—						0.1						(0.1)						—						(2.2)						2.2
Net income attributable to Laureate Education, Inc.			$	101.2					$	34.5					$	66.7					$	216.7					$	110.1					$	106.6

Basic and diluted earnings per share:
Basic weighted average shares outstanding			137.2						147.4						(10.2)						139.5						148.5						(9.0)
Diluted weighted average shares outstanding			138.0						148.2						(10.2)						140.4						149.2						(8.8)
Basic earnings per share			$	0.74					$	0.23					$	0.51					$	1.55					$	0.74					$	0.81
Diluted earnings per share			$	0.73					$	0.23					$	0.50					$	1.54					$	0.74					$	0.80

7

Revenue and Adjusted EBITDA by segment

IN MILLIONS

															% Change												$ Variance Components
For the three months ended September 30,			2026						2025						Reported						Constant Currency(1)						Total						Constant Currency																		FX
Revenues
Mexico			$	256.5					$	194.8					32%						22%						$	61.7					$	42.4																	$	19.3
Peru			228.6						205.3						11%						7%						23.3						13.4																		9.9
Corporate & Eliminations			—						—						nm						nm						—						—																		—
Total Revenues			$	485.1					$	400.2					21%						14%						$	84.9					$	55.9																	$	29.2
Adjusted EBITDA
Mexico			$	62.1					$	25.7					142%						123%						$	36.4					$	31.7																	$	4.7
Peru			94.0						78.1						20%						15%						15.9						11.8																		4.1
Corporate & Eliminations			(9.2)						(8.9)						(3)%						(3)%						(0.3)						(0.3)																		—
Total Adjusted EBITDA			$	146.8					$	94.8					55%						46%						$	52.0					$	43.2																	$	8.8

															% Change												$ Variance Components
For the nine months ended September 30,			2026						2025						Reported						Constant Currency(1)						Total						Constant Currency																		FX
Revenues
Mexico			$	736.1					$	601.5					22%						9%						$	134.6					$	55.8																	$	78.8
Peru			637.4						558.9						14%						8%						78.5						42.2																		36.3
Corporate & Eliminations			—						0.1						(100)%						(100)%						(0.1)						(0.1)																		—
Total Revenues			$	1,373.6					$	1,160.5					18%						8%						$	213.1					$	98.0																	$	115.1
Adjusted EBITDA
Mexico			$	174.1					$	136.1					28%						14%						$	38.0					$	19.1																	$	18.9
Peru			249.8						206.5						21%						15%						43.3						30.7																		12.6
Corporate & Eliminations			(28.9)						(27.9)						(4)%						(4)%						(1.0)						(1.0)																		—
Total Adjusted EBITDA			$	395.1					$	314.7					26%						16%						$	80.4					$	48.8																	$	31.5

nm - percentage changes not meaningful

(1) Constant Currency results exclude the period-over-period impact from currency fluctuations. Constant Currency is calculated using the change from prior-period average foreign exchange rates to current-period average foreign exchange rates, as applied to local-currency operating results for the current period. The “Constant Currency” percentage changes are calculated by dividing the Constant Currency amounts by the 2025 Revenues and Adjusted EBITDA amounts.

8

Consolidated Balance Sheets

IN MILLIONS			September 30, 2026						December 31, 2025						Change
Assets
Cash and cash equivalents			$	189.9					$	146.7					$	43.2
Receivables (current), net			117.7						134.7						(17.0)
Other current assets			39.9						36.9						3.0
Property and equipment, net			658.0						628.6						29.4
Operating lease right-of-use assets, net			532.8						335.6						197.2
Goodwill and other intangible assets			808.2						803.5						4.7
Deferred income taxes			79.1						72.2						6.9
Other long-term assets			51.3						46.4						4.9
Current and long-term assets held for sale			0.8						1.7						(0.9)
Total assets			$	2,477.6					$	2,206.4					$	271.2
Liabilities and stockholders' equity
Accounts payable and accrued expenses			$	258.2					$	242.4					$	15.8
Deferred revenue and student deposits			110.2						80.2						30.0
Total operating leases, including current portion			579.9						387.8						192.1
Total long-term debt, including current portion			202.7						127.7						75.0
Other liabilities			166.4						179.6						(13.2)
Total liabilities			1,317.4						1,017.6						299.8
Redeemable equity			0.7						1.4						(0.7)
Total stockholders' equity			1,159.5						1,187.4						(27.9)
Total liabilities and stockholders' equity			$	2,477.6					$	2,206.4					$	271.2

9

Consolidated Statements of Cash Flows

			For the nine months ended September 30,
IN MILLIONS			2026						2025						Change
Cash flows from operating activities
Net income			$	216.7					$	112.3					$	104.4
Depreciation and amortization			69.4						53.3						16.1
Gain on lease terminations and disposals of subsidiaries and property and equipment, net			(1.2)						(0.3)						(0.9)
Deferred income taxes			(6.3)						—						(6.3)
Unrealized foreign currency exchange loss			(3.9)						30.9						(34.8)
Income tax receivable/payable, net			(26.4)						5.2						(31.6)
Working capital, excluding tax accounts			(1.5)						(0.6)						(0.9)
Other non-cash adjustments			77.8						72.0						5.8
Net cash provided by operating activities			324.6						272.8						51.8
Cash flows from investing activities
Purchase of property and equipment			(63.4)						(36.1)						(27.3)
Receipts from sales of property and equipment			2.4						0.2						2.2
Net receipts from sales of discontinued operations			—						0.1						(0.1)
Net cash used in investing activities			(61.0)						(35.7)						(25.3)
Cash flows from financing activities
Increase in long-term debt, net			42.6						(22.6)						65.2
Payments to repurchase common stock and excise tax payments			(258.9)						(71.6)						(187.3)
Financing other, net			(5.2)						(2.7)						(2.5)
Net cash used in financing activities			(221.5)						(96.9)						(124.6)
Effects of exchange rate changes on Cash and cash equivalents and Restricted cash			(0.1)						8.1						(8.2)
Change in cash included in current assets held for sale			—						0.3						(0.3)
Net change in Cash and cash equivalents and Restricted cash			42.0						148.6						(106.6)
Cash and cash equivalents and Restricted cash at beginning of period			152.1						97.9						54.2
Cash and cash equivalents and Restricted cash at end of period			$	194.0					$	246.4					$	(52.4)

10

Non-GAAP Reconciliation (1 of 3)

The following table reconciles Net income to Adjusted EBITDA:

			For the three months ended September 30,																		For the nine months ended September 30,
IN MILLIONS			2026						2025						Change						2026						2025						Change
Net income			$	101.2					$	34.4					$	66.8					$	216.7					$	112.3					$	104.4
Plus:
Loss from discontinued operations, net of tax			—						—						—						—						(0.2)						0.2
Income from continuing operations			101.2						34.4						66.8						216.7						112.0						104.7
Plus:
Income tax expense			20.0						34.5						(14.5)						96.0						106.3						(10.3)
Income from continuing operations before income taxes			121.2						68.8						52.4						312.7						218.4						94.3
Plus:
Foreign currency exchange (gain) loss, net			(4.7)						2.3						(7.0)						(3.7)						31.1						(34.8)
Other expense (income), net			0.1						(0.2)						0.3						(0.4)						(1.0)						0.6
Interest expense			4.8						2.6						2.2						12.1						8.1						4.0
Interest income			(2.3)						(2.1)						(0.2)						(5.7)						(5.0)						(0.7)
Operating income			119.1						71.5						47.6						315.0						251.6						63.4
Plus:
Depreciation and amortization			23.8						19.6						4.2						69.4						53.3						16.1
EBITDA			142.9						91.1						51.8						384.4						304.9						79.5
Plus:
Share-based compensation expense (1)			3.9						3.8						0.1						10.6						9.7						0.9
Adjusted EBITDA			$	146.8					$	94.8					$	52.0					$	395.1					$	314.7					$	80.4

(1) Represents non-cash, share-based compensation expense pursuant to the provisions of ASC Topic 718, "Stock Compensation."

11

Non-GAAP Reconciliations (2 of 3)

The following table reconciles Net income to Adjusted net income and Adjusted EPS:

			For the three months ended September 30,
			2026												2025
IN MILLIONS, except per share amounts									(per share) (1)												(per share) (1)
Net income			$	101.2					$	0.73					$	34.4					$	0.23
Plus:
Income from discontinued operations, net of tax			—						—						—						—
Income from continuing operations			101.2						0.73						34.4						0.23
Plus:
Discrete tax items (2)			(24.8)						(0.18)						1.8						0.01
Loss on debt extinguishment			—						—						—						—
Loss on disposal of subsidiaries, net			—						—						—						—
Foreign currency exchange loss, net			(4.7)						(0.03)						2.3						0.02
Loss on impairment of assets			—						—						—						—
Adjusted net income			$	71.7					$	0.52					$	38.5					$	0.26
Diluted weighted average shares outstanding									138.0												148.2

(1) Per share amounts on a dilutive basis. Earnings per share is calculated based on income available to common shareholders, which excludes income attributable to noncontrolling interests.

(2) Discrete tax items for 2026 represent a non-recurring, non-cash income tax benefit of approximately $25.4 million that was recorded upon resolution of a legacy tax contingency, partially offset by $0.6 million of interest expense related to legacy tax liabilities.

Beginning in the fourth quarter of 2025, Laureate determined that the interest related to certain legacy tax liabilities, which is recorded as a component of income tax (benefit) expense and totaled $0.6 million and $1.8 million for the three months ended September 30, 2026 and 2025, respectively, should be excluded from Adjusted net income and treated as a discrete tax item as this provides a more useful indicator of Laureate's earnings from core operations. For comparability and to conform the prior year to the current presentation, Laureate has revised the 2025 amount for discrete tax items by $1.8 million to adjust for the interest related to these legacy tax liabilities that was recorded during the three months ended September 30, 2025.

12

Non-GAAP Reconciliations (3 of 3)

The following table reconciles Net income to Adjusted net income and Adjusted EPS:

			For the nine months ended September 30,
			2026												2025
IN MILLIONS, except per share amounts									(per share) (1)												(per share) (1)
Net income			$	216.7					$	1.54					$	112.3					$	0.74
Plus:
Loss from discontinued operations, net of tax			—						—						(0.2)						—
Income from continuing operations			216.7						1.54						112.0						0.74
Plus:
Discrete tax items (2)			(25.4)						(0.18)						0.8						0.01
Loss on debt extinguishment			—						—						—						—
Loss on disposal of subsidiaries, net			—						—						—						—
Foreign currency exchange loss, net			(3.7)						(0.03)						31.1						0.21
Loss on impairment of assets			—						—						—						—
Adjusted net income			$	187.6					$	1.33					$	143.9					$	0.96
Diluted weighted average shares outstanding									140.4												149.2

(1) Per share amounts on a dilutive basis. Earnings per share is calculated based on income available to common shareholders, which excludes income attributable to noncontrolling interests.

(2) Discrete tax items for 2026 include a non-recurring, non-cash income tax benefit of approximately $25.4 million that was recorded upon resolution of a legacy tax contingency. Discrete tax items for 2025 include $5.5 million of interest expense related to legacy tax liabilities, partially offset by a non-recurring, non-cash income tax benefit of approximately $4.7 million that was recorded upon resolution of a tax contingency related to a dormant subsidiary.

Beginning in the fourth quarter of 2025, Laureate determined that the interest related to certain legacy tax liabilities, which is recorded as a component of income tax (benefit) expense, should be excluded from Adjusted net income and treated as a discrete tax item as this provides a more useful indicator of Laureate's earnings from core operations. For comparability and to conform the prior year to the current presentation, Laureate has revised the 2025 amount for discrete tax items by $5.5 million to adjust for the interest related to these legacy tax liabilities that was recorded during the nine months ended September 30, 2025.

13

Investor Relations Contact:

ir@laureate.net

Media Contacts:

Laureate Education

Adam Smith

adam.smith@laureate.net

U.S.: +1 (443) 255 0724

Source: Laureate Education, Inc.

14

©2026 Laureate Education, Inc. Third Quarter 2026 Earnings Presentation October 29, 2026

2©2026 Laureate Education, Inc. Forward Looking Statements This presentation includes statements that express Laureate’s opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results and therefore are, or may be deemed to be, ‘‘forward-looking statements’’ within the meaning of the federal securities laws, which involve risks and uncertainties. Laureate’s actual results may vary significantly from the results anticipated in these forward-looking statements. You can identify forward-looking statements because they contain words such as ‘‘believes,’’ ‘‘expects,’’ ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘seeks,’’ ‘‘approximately,’’ ‘‘intends,’’ ‘‘plans,’’ ‘‘estimates’’ or ‘‘anticipates’’ or similar expressions that concern our strategy, plans or intentions. In particular, statements regarding the amount, timing, process, tax treatment and impact of any future dividends represent forward-looking statements. All statements we make relating to guidance (including, but not limited to, total enrollments, revenues, Adjusted EBITDA, Adjusted net income, and Adjusted EPS), and all statements we make relating to our current growth strategy and other future plans, strategies or transactions that may be identified, explored or implemented and any litigation or dispute resulting from any completed transaction are forward-looking statements. In addition, we, through our senior management, from time to time make forward-looking public statements concerning our expected future operations and performance and other developments. All of these forward-looking statements are subject to risks and uncertainties that may change at any time, including with respect to our current growth strategy and the impact of any completed divestiture or separation transaction on our remaining businesses. Accordingly, our actual results may differ materially from those we expected. We derive most of our forward-looking statements from our operating budgets and forecasts, which are based upon many detailed assumptions. While we believe that our assumptions are reasonable, we caution that it is very difficult to predict the impact of known factors, and, of course, it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from our expectations are disclosed in our Annual Report on Form 10-K filed with the SEC on February 19, 2026, our subsequent Quarterly Reports on Form 10-Q filed, and to be filed, with the SEC and other filings made with the SEC. These forward-looking statements speak only as of the time of this release and we do not undertake to publicly update or revise them, whether as a result of new information, future events or otherwise, except as required by law. In addition, this presentation contains various operating data, including market share and market position, that are based on internal company data and management estimates. While management believes that our internal company research is reliable and the definitions of our markets which are used herein are appropriate, neither such research nor these definitions have been verified by an independent source and there are inherent challenges and limitations involved in compiling data across various geographies and from various sources, including those discussed under “Industry and Market Data” in Laureate’s filings with the SEC.

3©2026 Laureate Education, Inc. Presentation of Non-GAAP Measures In addition to the results provided in accordance with U.S. generally accepted accounting principles (GAAP) throughout this presentation, Laureate provides the non-GAAP measures of Adjusted EBITDA, Adjusted net income, Adjusted EPS, and total debt, net of cash and cash equivalents (or net debt). We have included the non-GAAP measures of Adjusted EBITDA and net debt because they are key measures used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operational plans. We have included the non-GAAP measures of Adjusted net income and Adjusted EPS because management believes that these measures provide investors with better visibility into the Company’s underlying earnings as they exclude items that may not be indicative of our core operating results. Adjusted EBITDA consists of net income (loss), before (income) loss from discontinued operations, net of tax, equity in net (income) loss of affiliates, net of tax, income tax expense (benefit), (gain) loss on disposal of subsidiaries, net, foreign currency exchange (gain) loss, net, other (income) expense, net, interest expense, interest income, and loss on debt extinguishment, plus depreciation and amortization, share-based compensation expense, and loss on impairment of assets. The exclusion of certain expenses in calculating Adjusted EBITDA can provide a useful measure for period-to-period comparisons of our core business. Additionally, Adjusted EBITDA is a key input into the formula used by the compensation committee of our board of directors and our Chief Executive Officer in connection with the payment of incentive compensation to our executive officers and other members of our management team. Accordingly, we believe that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results in the same manner as our management and board of directors. We define Adjusted net income as net income (loss), before (income) loss from discontinued operations, plus discrete tax items, loss on debt extinguishment, other non-operating income, loss (gain) on disposal of subsidiaries, net, foreign currency exchange (gain) loss, net, and loss on impairment of assets. We define Adjusted EPS as Adjusted net income divided by GAAP diluted weighted average shares outstanding. Adjusted net income and Adjusted EPS provide a useful indicator about Laureate’s earnings from core operations. Total debt, net of cash and cash equivalents (or net debt) consists of total gross debt, less total cash and cash equivalents. Net debt provides a useful indicator about Laureate’s leverage and liquidity. Free Cash Flow consists of operating cash flow minus capital expenditures (net of sales of PP&E). Free Cash Flow provides a useful indicator about Laureate’s ability to fund its operations and repay its debt. Adjusted EBITDA to Unlevered Free Cash Flow Conversion consists of Unlevered Free Cash Flow (which is defined as cash flows from operating activities, less capital expenditures (net of sales of PP&E), plus net cash interest expense) divided by Adjusted EBITDA. Adjusted EBITDA to Unlevered Free Cash Flow provides useful information to investors and others in understanding and evaluating our ability to generate cash flows. Laureate’s calculations of Adjusted EBITDA, Adjusted net income, Adjusted EPS, and total debt, net of cash and cash equivalents (or net debt) are not necessarily comparable to calculations performed by other companies and reported as similarly titled measures. These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP but should not be considered a substitute for or superior to GAAP results. Adjusted EBITDA, Adjusted net income and Adjusted EPS are reconciled from their most directly comparable GAAP measures in the attached tables under “Non-GAAP Reconciliations.” We evaluate our results of operations on both an as reported and an constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. We believe that providing constant currency information provides valuable supplemental information regarding our results of operations, consistent with how we evaluate our performance. We calculate constant currency amounts using the change from prior-period average foreign exchange rates to current-period average foreign exchange rates, as applied to local-currency operating results for the current period.

4©2026 Laureate Education, Inc. Summary Overview Note: Throughout this presentation amounts may not sum to totals due to rounding

5©2024 Laureate Education, Inc.® | Confidential & Proprietary©2026 Laureate Education, I c. Executive Summary  Third quarter Revenue and Adjusted EBITDA ahead of guidance  Favorable FX and timing of expenses  Strong primary enrollment intake for Mexico and secondary intake in Peru1  Mexico primary intake: New Enrollments +8%; driven by face-to-face programs and successful launch of new campus in Puebla  Peru secondary intake: New Enrollments +9%; scaling of fully online programs  Net Income of $101M in third quarter  Reaffirming full-year 2026 guidance  Announcing additional $150M increase in stock buyback authorization Solid Operating Performance for Third Quarter Reaffirming Full Year Guidance and Upsizing Stock Buyback Authorization by $150M (1) Mexico and Peru results for the intake cycle through the end of October actuals (intake cycle largely completed) and expectations for completion of the cycle through November.

6©2026 Laureate Education, Inc. Compelling Investment Characteristics

7©2024 Laureate Education, Inc.® | Confidential & Proprietary©2026 Laureate Education, I c. Mexico Peru Combined Population 131 million 33 million 164 million Higher Education Students (000s) 5,544 2,067 7,611 Higher Education Gross Participation Rate (Total)1 35% 57% 40% Traditional 4+ yr degrees 34% 42% 36% Technical / Vocational 1% 15% 4% Market Share for Private Institutions2 47% 76% 58% Sources: UNESCO, World Bank, Secretaría de Educación Pública (Mexico), Superintendencia Nacional de Educación Superior Universitaria (Peru), Ministry of Education of Peru. Data as of year-end 2024. (1) Defined as total enrollments as compared to 18-24 year old population. (2) Private institution market share in higher education; for Mexico and Combined includes all states in which UVM or UNITEC have operations (total private market share for all of Mexico is 39%); for Peru based on total country. Attractive Markets with Significant Growth Opportunities Participation rates growing and still well below developed markets Attractive Market Opportunities in Mexico and Peru

©2026 Laureate Education, Inc. 8 Leading University Portfolio in Mexico & Peru Sources: Secretaría de Educación Pública, SEP 2024 Database (Mexico), Ministry of Education of Peru, MINEDU 2024 Database (Peru). QS Stars , Guía Universitaria (UVM), MERCO 2025 Institutional Reputation Ranking (UPC). 1960 Brand Founded Market Segment Ratings/RankingsQS StarsTM Overall Universidad del Valle de México (UVM) Premium/ Traditional Enrollment @ 09/30/26 141,000 1966Universidad Tecnológica de México (UNITEC) Value/ Teaching151,500 1994 Premium/ Traditional83,900 1994 Value/ Teaching140,400 1983 Technical/ Vocational22,800 Universidad Peruana de Ciencias Aplicadas (UPC) Universidad Privada del Norte (UPN) CIBERTEC M ex ic o Pe ru • Ranked Top 5 university in Mexico • 5-Stars rated by QS Stars in categories of Employability, Online Learning & Social Impact • Largest private university in Mexico • 5-Stars rated by QS Stars in categories of Employability, Online Learning & Social Impact • Ranked #1 in educational sector in Peru • 5-Stars rated by QS Stars in categories of Employability, Online Learning & Social Impact • 3rd largest private university in Peru • 5-Stars rated by QS Stars in categories of Employability, Online Learning & Social Impact • Second largest private technical / vocational institutes in Peru

9©2026 Laureate Education, Inc. Q3 & YTD 2026 Performance Results

10©2026 Laureate Education, Inc. 2026 Third Quarter – Financial Summary Q3 ’26 Variance Vs. Q3 ’25 Notes ($ in millions) (Enrollments rounded to the nearest thousand) Results As Reported Constant Currency1 New Enrollment 140K 7% 7% • Intake Cycle results (timing adjusted)2: LAUR +8%, Mexico +8%, Peru +9% Total Enrollment 540K 6% 6% • Mexico +6%, Peru +5% • Driven by new enrollment growth Revenue $485 21% 14% • Enrollment growth and price/mix • +6% CC adjusted for timing of academic calendar; $29M impact Adj. EBITDA $147 55% 46% • +14% CC adjusted for timing of academic calendar; $26M impact Adj. EBITDA margin 30.3% 657 bps 657 bps • +211 bps CC adjusted for timing of academic calendar (1) Constant Currency (CC) results exclude the period-over-period impact from currency fluctuations. (2) Mexico and Peru results for the intake cycle through the end of October actuals (intake cycle largely completed) and expectations for completion of the cycle through November. Intra-Year Academic Calendar Timing Impacting Reported Results Timing Adjusted CC1: Revenue +6%, Adjusted EBITDA +14%

11©2026 Laureate Education, Inc. 2026 Q3 YTD – Financial Summary Q3 YTD ’26 Variance Vs. Q3 YTD ’25 Notes ($ in millions) (Enrollments rounded to the nearest thousand) Results As Reported Constant Currency1 New Enrollment 282K 9% 9% • Mexico: +8%, Peru: +10% Total Enrollment 540K 6% 6% • Mexico +6%, Peru +5% Revenue $1,374 18% 8% • +7% CC adjusted for timing of academic calendar; $20M impact Adj. EBITDA $395 26% 16% • +9% CC adjusted for timing of academic calendar; $17M impact Adj. EBITDA margin 28.8% 165 bps 178 bps • +76 bps CC adjusted for timing of academic calendar (1) Constant Currency (CC) results exclude the period-over-period impact from currency fluctuations. Intra-Year Academic Calendar Timing Impacting Reported Results Timing Adjusted CC1: Revenue +7%, Adjusted EBITDA +9%

12©2026 Laureate Education, Inc. Segment Results

13©2026 Laureate Education, Inc. Mexico Segment Results Q3 Results Q3 YTD Results Notes ($ in millions) (Enrollments rounded to the nearest thousand) Q3 ’26 Constant Currency Vs. Q3 ’25 1 Q3 YTD ’26 Constant Currency Vs. Q3 YTD ’25 1 New Enrollment 101K 9% 171K 8% • Q3 New Enrollment Intake Cycle results (timing adjusted)2: +8% • Strong growth in campus based, including new campus impact Total Enrollment 293K 6% 293K 6% • Q3 Total Enrollment Intake Cycle results (timing adjusted)2: +5% • New enrollments and improved retention Revenue $256 22% $736 9% • Q3 +6% CC adjusted for timing of academic calendar; $28M impact • YTD +6% CC adjusted for timing of academic calendar; $16M impact Adj. EBITDA $62 123% $174 14% • Q3 +12% CC adjusted for timing of academic calendar; $25M impact • YTD +3% CC adjusted for timing of academic calendar; $15M impact Adj. EBITDA margin 24.2% 1,101 bps 23.7% 98 bps • YTD (84 bps) adjusted for timing of academic calendar • YTD impacted by phasing expenses/investments Strong Primary Intake; YTD Results Impacted by Intra-Year Academic Calendar Timing YTD Timing Adjusted CC1: Revenue +6%, Adjusted EBITDA +3% (1) Constant Currency (CC) results exclude the period-over-period impact from currency fluctuations. (2) Mexico results for the intake cycle through the end of October actuals (intake cycle largely completed) and expectations for completion of the cycle through November.

14©2026 Laureate Education, Inc. Peru Segment Results Q3 Results Q3 YTD Results Notes ($ in millions) (Enrollments rounded to the nearest thousand) Q3 ’26 Constant Currency Vs. Q3 ’25 1 Q3 YTD ’26 Constant Currency Vs. Q3 YTD ’25 1 New Enrollment 39K 3% 111K 10% • Q3 Intake Cycle results (timing adjusted)2: +9% • Scaling of fully online working adult Total Enrollment 247K 5% 247K 5% • Growth driven by strong new enrollments Revenue $229 7% $637 8% • Q3 +6% CC adjusted for timing of academic calendar; $1M impact • YTD +7% CC adjusted for timing of academic calendar; 4M impact Adj. EBITDA $94 15% $250 15% • Q3 +15% CC adjusted for timing of academic calendar • YTD +14% CC adjusted for timing of academic calendar; $2M impact Adj. EBITDA margin 41.1% 306 bps 39.2% 251 bps • YTD +232 bps CC adjusted for timing of academic calendar Favorable Intakes; YTD Results Impacted by Intra-Year Academic Calendar Timing YTD Timing Adjusted CC1: Revenue +7%, Adjusted EBITDA +14% (1) Constant Currency (CC) results exclude the period-over-period impact from currency fluctuations. (2) Peru results for the intake cycle through the end of October actuals (intake cycle largely completed) and expectations for completion of the cycle through November.

15©2026 Laureate Education, Inc. Capitalization and Share Count

16©2026 Laureate Education, Inc. Q3 2026 Capitalization and Return of Capital Strong Balance Sheet and Cash Accretive Business Model Allow For Continued Return of Capital ($ in millions) Total Company as of 09/30/26 Gross Debt $204 Less: Cash & Cash Equivalents ($190) Net Debt $14  136M shares outstanding as of September 30th  Share Repurchase Update:  $256M of share buybacks completed through September YTD (or 7.4M shares)  Announcing additional $150M increase in share repurchase authorization

17©2026 Laureate Education, Inc. Outlook

18©2024 Laureate Education, Inc.® | Confidential & Proprietary©2026 Laureate Education, I c. 2026 Outlook – Executive Summary  Reaffirming full year 2026 guidance -- continued strong operating results expected in FY 2026  2026 Revenue growth expected at 13% Vs. 20251 on a USD reported basis, expected to be up 6%-7% on a constant currency basis2 Vs. 2025  2026 Adjusted EBITDA growth expected at 14%-15% Vs. 20251 on a USD reported basis, expected to be up 8%-9% on a constant currency basis2 Vs. 2025  Adjusted EBITDA Margin accretion of ~50bps3 expected driven by continued margin optimization as well as operating leverage from Revenue growth  Adjusted EBITDA to Unlevered Free Cash Flow Conversion of approximately 50% expected  Adjusted Earnings Per Share (EPS) expected to be $2.04 - $2.10/share, an increase of 19%-22% Vs. 20251,4 (1) Based on actual FX rates for January through October, and assumed spot FX rates (local currency per US dollar) of MXN 18.60 & PEN 3.45 for November through December 2026. FX impact may change based on fluctuations in currency rates in future periods. Amounts presented in whole numbers may be rounded. (2) Constant Currency (CC) Operations excludes the period-over-period impact from currency fluctuations. (3) At mid-point of 2026 guidance provided. (4) Assumes diluted weighted average shares outstanding of approximately 139 million. Note: An outlook for 2026 net income and reconciliation of the forward-looking 2026 Adjusted EBITDA and 2026 Adjusted EPS outlook to projected net income is not being provided as the company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such outlook and reconciliation. Due to this uncertainty, the company cannot reconcile Adjusted EBITDA, its related margin, Adjusted EBITDA to Unlevered Free Cash Flow Conversion, or Adjusted EPS to their projected GAAP equivalents without unreasonable effort.

19©2024 Laureate Education, Inc.® | Confidential & Proprietary©2026 Laureate Education, I c. Strong Growth Expected for 2026 Total Revenue Adjusted EBITDA Strong Operational Growth Expected Along with FX Currency Tailwinds (1) Based on actual FX rates for January through October, and assumed spot FX rates (local currency per US dollar) of MXN 18.60 & PEN 3.45 for November through December 2026. FX impact may change based on fluctuations in currency rates in future periods. Amounts presented in whole numbers may be rounded. Note: An outlook for 2026 net income and reconciliation of the forward-looking 2026 Adjusted EBITDA and 2026 Adjusted EPS outlook to projected net income is not being provided as the company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such outlook and reconciliation. Due to this uncertainty, the company cannot reconcile Adjusted EBITDA, its related margin, Adjusted EBITDA to Unlevered Free Cash Flow Conversion, or Adjusted EPS to their projected GAAP equivalents without unreasonable effort. 1,702M 1,925M 2025 Actuals 110M +6% FX Impact 1 113M +7% Operational Growth in Constant Currency 2026 Guidance Midpoint +13% 519M 596M 2025 Actuals 32M +6% FX Impact 1 45M +9% Operational Growth in Constant Currency 2026 Guidance Midpoint 15%

20©2026 Laureate Education, Inc. Q4 2026 Guidance ($ in millions) Q4 2026 Outlook1 Revenue $546 – $556 Adjusted EBITDA $198 – $204 (1) Outlook is based on actual FX rates for October and assumed FX rates (local currency per US dollar) of MXN 18.60 & PEN 3.45 for November through December 2026. FX impact may change based on fluctuations in currency rates in future periods. Amounts presented in whole numbers may be rounded. Note: An outlook for Q4 net income and reconciliation of the forward-looking Q4 Adjusted EBITDA outlook to projected net income is not being provided as the company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such outlook and reconciliation. Due to this uncertainty, the company cannot reconcile Adjusted EBITDA to projected net income without unreasonable effort.

21©2024 Laureate Education, Inc.® | Confidential & Proprietary©2026 Laureate Education, I c. Change in Academic Calendar in 2026 Expected Intra-Year Changes in Revenue Seasonality Vs. 2025 ($ in millions) Q1 Actual Q2 Actual Q3 Actual Q4 Est. FY Mexico ($12) - $28 ($16) - Peru $3 - $1 ($4) - Total Revenue Impact ($9) - $29 ($20) -  Changes in academic calendar and revenue recognition expected to impact seasonality during 2026 Intra-Year Seasonality Impacting Timing of Revenue and Earnings in 2026

22©2026 Laureate Education, Inc. Appendix

23©2026 Laureate Education, Inc. 2026 Third Quarter – Net Income Reconciliation Q3 ’26 B / (W) Notes ($ in millions) Reported Vs. Q3 ’25 Adjusted EBITDA 147 52 • Impacted by $26M of intra-year timing of academic calendar Depreciation & Amortization (24) (4) Interest Expense, net (3) (2) Other 1 7 • Mainly non-cash FX translation on intercompany loans Income Tax (20) 14 • Discrete tax benefit of $25M in Q3 2026 Income/(Loss) From Continuing Operations 101 67 Discontinued Operations (Net of Tax) 0 (0) Net Income / (Loss) 101 67 Net Income Impacted by Intra-Year Academic Calendar Timing

24©2026 Laureate Education, Inc. 2026 Q3 YTD – Net Income Reconciliation Q3 YTD ’26 B / (W) Notes ($ in millions) Reported Vs. Q3 YTD ’25 Adjusted EBITDA 395 80 • Impacted by $17M of intra-year timing of academic calendar Depreciation & Amortization (69) (16) Interest Expense, net (6) (3) Other (7) 33 • Mainly non-cash FX translation on intercompany loans Income Tax (96) 10 • Discrete tax benefit of $25M in Q3 2026 Income/(Loss) From Continuing Operations 217 105 Discontinued Operations (Net of Tax) (0) (0) Net Income / (Loss) 217 105 Net Income Impacted by Intra-Year Academic Calendar Timing

25©2026 Laureate Education, Inc. 2026 Full Year Guidance Details ($ in millions) (Enrollments rounded to the nearest thousand) Total Enrollment Revenues Adj. EBITDA 2025 FY Results As Reported 498K $1,702 $519 Growth 20K - 25K $108 - $118 $42 - $48 Growth % 4% - 5% 6% - 7% 8% - 9% 2026 FY Guidance (Constant Currency) 518K - 523K $1,810 - $1,820 $561 - $567 Growth % (Constant Currency) 4% - 5% 6% - 7% 8% - 9% FX Impact (spot FX) (1) $110 $32 2026 FY Guidance (@ spot FX) (1) 518K - 523K $1,920 - $1,930 $593 - $599 As Reported Growth % 4% - 5% 13% - 13% 14% - 15% Continued Constant Currency Top Line Growth and Margin Expansion (1) Based on actual FX rates for January through October, and assumed spot FX rates (local currency per US dollar) of MXN 18.60 & PEN 3.45 for November through December 2026. FX impact may change based on fluctuations in currency rates in future periods. Amounts presented in whole numbers may be rounded. Note: An outlook for 2026 net income and reconciliation of the forward-looking 2026 Adjusted EBITDA and 2026 Adjusted EPS outlook to projected net income is not being provided as the company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such outlook and reconciliation. Due to this uncertainty, the company cannot reconcile Adjusted EBITDA, its related margin, Adjusted EBITDA to Unlevered Free Cash Flow Conversion, or Adjusted EPS to their projected GAAP equivalents without unreasonable effort.

26©2026 Laureate Education, Inc. Q4 2026 Guidance Details Q4 Outlook Showing Expected Continued Revenue Growth Momentum Q4 Guidance ($ in millions) Revenues Adj. EBITDA 2025 Q4 Results As Reported $541 $204 Timing Impact Intra-Year (academic calendar) ($20) ($17) 2025 Q4 Results Adjusted $521 $187 Growth $30 - $40 $11 - $17 Growth % 6% - 8% 6% - 9% 2026 Q4 Guidance (Constant Currency) $551 - $561 $198 - $204 Growth % (Constant Currency) 6% - 8% 6% - 9% FX Impact (spot FX) (1) ($5) $0 2026 Q4 Guidance (@ spot FX) (1) $546 - $556 $198 - $204 As Reported Growth % 1% - 3% (3%) – (0%) (1) Based on actual FX rates for October and assumed spot FX rates (local currency per US dollar) of MXN 18.60 & PEN 3.45 for November through December 2026. FX impact may change based on fluctuations in currency rates in future periods. Amounts presented in whole numbers may be rounded. Note: An outlook for Q4 2026 net income and reconciliation of the forward-looking Q4 2026 Adjusted EBITDA outlook to projected net income is not being provided as the company does not currently have sufficient data to accurately estimate the variables and individual adjustments for such outlook and reconciliation. Due to this uncertainty, the company cannot reconcile Adjusted EBITDA to projected net income without unreasonable effort.

27©2026 Laureate Education, Inc. Return of Capital Summary Since 2019 ($ in millions) Stock Buybacks Cash Distributions / Dividends Total 2019 $264 - $264 2020 $100 - $100 2021 $380 $1,375 $1,755 2022 $282 $249 $531 2023 - $110 $110 2024 $102 - $102 2025 $217 - $217 2026 YTD September $256 - $256 Cumulative Since 2019 $1,601 $1,734 $3,335 Strong Track Record of Returning Capital to Shareholders More than $3 Billion of Capital Returned to Shareholders Since Start of 2019

28©2026 Laureate Education, Inc. New Enrollments Seasonality Intra-Year Seasonality Trends Revenue Seasonality Adjusted EBITDA Seasonality Factors Affecting Seasonality  Large intake cycles at end of Q1 (Peru) and end of Q3 (Mexico) drive seasonality of earnings  Q2 and Q4 are typically Laureate’s strongest earnings quarters  Academic calendar  FX trends 37% 11% 50% 3% 39% 10% 48% 3% 38% 10% 48% 4% 35% 13% 48% 5% Q1 Q2 Q3 Q4 2022 2023 2024 2025 8% 43% 21% 28% 8% 42% 19% 31% 7% 42% 20% 31% 1% 41% 18% 39% Q1 Q2 Q3 Q4 2022 2023 2024 2025 17% 31% 24% 28% 17% 31% 24% 28% 18% 32% 24% 27% 14% 31% 24% 32% Q1 Q2 Q3 Q4 2022 2023 2024 2025

29©2026 Laureate Education, Inc. Financial Results & Tables

30©2026 Laureate Education, Inc. Financial Tables Consolidated Statements of Operations Note: May not sum to total due to rounding. For the three months ended September 30, For the nine months ended September 30, IN MILLIONS (except per share amounts) 2026 2025 Change 2026 2025 Change Revenues $ 485.1 $ 400.2 $ 84.9 $ 1,373.6 $ 1,160.5 $ 213.1 Costs and expenses: Direct costs 353.4 316.5 36.9 1,020.6 872.3 148.3 General and administrative expenses 12.6 12.2 0.4 37.9 36.7 1.2 Operating income 119.1 71.5 47.6 315.0 251.6 63.4 Interest income 2.3 2.1 0.2 5.7 5.0 0.7 Interest expense (4.8) (2.6) (2.2) (12.1) (8.1) (4.0) Other income, net (0.1) 0.2 (0.3) 0.4 1.0 (0.6) Foreign currency exchange loss, net 4.7 (2.3) 7.0 3.7 (31.1) 34.8 Loss on disposal of subsidiaries, net — — — — — — Income from continuing operations before income taxes 121.2 68.8 52.4 312.7 218.4 94.3 Income tax expense (20.0) (34.5) 14.5 (96.0) (106.3) 10.3 Income from continuing operations 101.2 34.4 66.8 216.7 112.0 104.7 Income from discontinued operations, net of tax — — — — 0.2 (0.2) Net income 101.2 34.4 66.8 216.7 112.3 104.4 Net income attributable to noncontrolling interests — 0.1 (0.1) — (2.2) 2.2 Net income attributable to Laureate Education, Inc. $ 101.2 $ 34.5 $ 66.7 $ 216.7 $ 110.1 $ 106.6 Basic and diluted earnings per share: Basic weighted average shares outstanding 137.2 147.4 (10.2) 139.5 148.5 (9.0) Diluted weighted average shares outstanding 138.0 148.2 (10.2) 140.4 149.2 (8.8) Basic earnings per share $ 0.74 $ 0.23 $ 0.51 $ 1.55 $ 0.74 $ 0.81 Diluted earnings per share $ 0.73 $ 0.23 $ 0.50 $ 1.54 $ 0.74 $ 0.80

31©2026 Laureate Education, Inc. Financial Tables Revenue and Adjusted EBITDA by segment: Quarter nm - percentage changes not meaningful (1) Constant Currency results exclude the period- over-period impact from currency fluctuations. Constant Currency is calculated using the change from prior-period average foreign exchange rates to current-period average foreign exchange rates, as applied to local-currency operating results for the current period. The “Constant Currency” percentage changes are calculated by dividing the Constant Currency amounts by the 2025 Revenues and Adjusted EBITDA amounts. Note: Dollars in millions may not sum to total due to rounding. IN MILLIONS % Change $ Variance Components For the three months ended September 30, 2026 2025 Reported Constant Currency(1) Total Constant Currency FX Revenues Mexico $ 256.5 $ 194.8 32% 22% $ 61.7 $ 42.4 $ 19.3 Peru 228.6 205.3 11% 7% 23.3 13.4 9.9 Corporate & Eliminations — — nm nm — — — Total Revenues $ 485.1 $ 400.2 21% 14% $ 84.9 $ 55.9 $ 29.2 Adjusted EBITDA Mexico $ 62.1 $ 25.7 142% 123% $ 36.4 $ 31.7 $ 4.7 Peru 94.0 78.1 20% 15% 15.9 11.8 4.1 Corporate & Eliminations (9.2) (8.9) (3)% (3)% (0.3) (0.3) — Total Adjusted EBITDA $ 146.8 $ 94.8 55% 46% $ 52.0 $ 43.2 $ 8.8

32©2026 Laureate Education, Inc. Financial Tables Revenue and Adjusted EBITDA by segment: Year-to-Date nm - percentage changes not meaningful (1) Constant Currency results exclude the period- over-period impact from currency fluctuations. Constant Currency is calculated using the change from prior-period average foreign exchange rates to current-period average foreign exchange rates, as applied to local-currency operating results for the current period. The “Constant Currency” percentage changes are calculated by dividing the Constant Currency amounts by the 2025 Revenues and Adjusted EBITDA amounts. Note: Dollars in millions may not sum to total due to rounding. IN MILLIONS % Change $ Variance Components For the nine months ended September 30, 2026 2025 Reported Constant Currency(1) Total Constant Currency FX Revenues Mexico $ 736.1 $ 601.5 22% 9% $ 134.6 $ 55.8 $ 78.8 Peru 637.4 558.9 14% 8% 78.5 42.2 36.3 Corporate & Eliminations — 0.1 (100)% (100)% (0.1) (0.1) — Total Revenues $ 1,373.6 $ 1,160.5 18% 8% $ 213.1 $ 98.0 $ 115.1 Adjusted EBITDA Mexico $ 174.1 $ 136.1 28% 14% $ 38.0 $ 19.1 $ 18.9 Peru 249.8 206.5 21% 15% 43.3 30.7 12.6 Corporate & Eliminations (28.9) (27.9) (4)% (4)% (1.0) (1.0) — Total Adjusted EBITDA $ 395.1 $ 314.7 26% 16% $ 80.4 $ 48.8 $ 31.5

33©2026 Laureate Education, Inc. Financial Tables Consolidated Balance Sheets Note: Dollars in millions may not sum to total due to rounding. IN MILLIONS September 30, 2026 December 31, 2025 Change Assets Cash and cash equivalents $ 189.9 $ 146.7 $ 43.2 Receivables (current), net 117.7 134.7 (17.0) Other current assets 39.9 36.9 3.0 Property and equipment, net 658.0 628.6 29.4 Operating lease right-of-use assets, net 532.8 335.6 197.2 Goodwill and other intangible assets 808.2 803.5 4.7 Deferred income taxes 79.1 72.2 6.9 Other long-term assets 51.3 46.4 4.9 Current and long-term assets held for sale 0.8 1.7 (0.9) Total assets $ 2,477.6 $ 2,206.4 $ 271.2 Liabilities and stockholders' equity Accounts payable and accrued expenses $ 258.2 $ 242.4 $ 15.8 Deferred revenue and student deposits 110.2 80.2 30.0 Total operating leases, including current portion 579.9 387.8 192.1 Total long-term debt, including current portion 202.7 127.7 75.0 Other liabilities 166.4 179.6 (13.2) Total liabilities 1,317.4 1,017.6 299.8 Redeemable noncontrolling interests and equity 0.7 1.4 (0.7) Total stockholders' equity 1,159.5 1,187.4 (27.9) Total liabilities and stockholders' equity $ 2,477.6 $ 2,206.4 $ 271.2

34©2026 Laureate Education, Inc. Financial Tables Consolidated Statements of Cash Flows Note: Dollars in millions may not sum to total due to rounding. For the nine months ended September 30, IN MILLIONS 2026 2025 Change Cash flows from operating activities Net income $ 216.7 $ 112.3 $ 104.4 Depreciation and amortization 69.4 53.3 16.1 Gain on lease terminations and disposals of subsidiaries and property and equipment, net (1.2) (0.3) (0.9) Deferred income taxes (6.3) — (6.3) Unrealized foreign currency exchange loss (3.9) 30.9 (34.8) Income tax receivable/payable, net (26.4) 5.2 (31.6) Working capital, excluding tax accounts (1.5) (0.6) (0.9) Other non-cash adjustments 77.8 72.0 5.8 Net cash provided by operating activities 324.6 272.8 51.8 Cash flows from investing activities Purchase of property and equipment (63.4) (36.1) (27.3) Receipts from sales of property and equipment 2.4 0.2 2.2 Net cash used in investing activities (61.0) (35.7) (25.3) Cash flows from financing activities Increase in long-term debt, net 42.6 (22.6) 65.2 Payments to repurchase common stock and excise tax payments (258.9) (71.6) (187.3) Financing other, net (5.2) (2.7) (2.5) Net cash used in financing activities (221.5) (96.9) (124.6) Effects of exchange rate changes on Cash and cash equivalents and Restricted cash (0.1) 8.1 (8.2) Change in cash included in current assets held for sale — 0.3 (0.3) Net change in Cash and cash equivalents and Restricted cash 42.0 148.6 (106.6) Cash and cash equivalents and Restricted cash at beginning of period 152.1 97.9 54.2 Cash and cash equivalents and Restricted cash at end of period $ 194.0 $ 246.4 $ (52.4)

35©2026 Laureate Education, Inc. Financial Tables Non-GAAP Reconciliations (1 of 4) The following table reconciles Net Income to Adjusted EBITDA and Adjusted EBITDA margin: (1) Represents non-cash, share-based compensation expense pursuant to the provisions of ASC Topic 718, "Stock Compensation." Note: Dollars in millions may not sum to total due to rounding. For the three months ended September 30, For the nine months ended September 30, IN MILLIONS 2026 2025 Change 2026 2025 Change Net income $ 101.2 $ 34.4 $ 66.8 $ 216.7 $ 112.3 $ 104.4 Plus: Loss from discontinued operations, net of tax — — — — (0.2) 0.2 Income from continuing operations 101.2 34.4 66.8 216.7 112.0 104.7 Plus: Income tax expense 20.0 34.5 (14.5) 96.0 106.3 (10.3) Income from continuing operations before income taxes 121.2 68.8 52.4 312.7 218.4 94.3 Plus: Foreign currency exchange (gain) loss, net (4.7) 2.3 (7.0) (3.7) 31.1 (34.8) Other expense (income), net 0.1 (0.2) 0.3 (0.4) (1.0) 0.6 Interest expense 4.8 2.6 2.2 12.1 8.1 4.0 Interest income (2.3) (2.1) (0.2) (5.7) (5.0) (0.7) Operating income 119.1 71.5 47.6 315.0 251.6 63.4 Plus: Depreciation and amortization 23.8 19.6 4.2 69.4 53.3 16.1 EBITDA 142.9 91.1 51.8 384.4 304.9 79.5 Plus: Share-based compensation expense (1) 3.9 3.8 0.1 10.6 9.7 0.9 Adjusted EBITDA $ 146.8 $ 94.8 $ 52.0 $ 395.1 $ 314.7 $ 80.4 Revenues $ 485.1 $ 400.2 $ 84.9 $ 1,373.6 $ 1,160.5 $ 213.1 Income from continuing operations margin 20.9 % 8.6 % 1,228 bps 15.8 % 9.7 % 612 bps Adjusted EBITDA margin 30.3 % 23.7 % 657 bps 28.8 % 27.1 % 165 bps

36©2026 Laureate Education, Inc. Financial Tables Non-GAAP Reconciliations (2 of 4) The following table reconciles Net income to Adjusted net income and Adjusted EPS: (1) Per share amounts on a dilutive basis. Earnings per share is calculated based on income available to common shareholders, which excludes income attributable to noncontrolling interests. (2) Discrete tax items for 2026 represent a non- recurring, non-cash income tax benefit of approximately $25.4 million that was recorded upon resolution of a legacy tax contingency, partially offset by $0.6 million of interest expense related to legacy tax liabilities. Beginning in the fourth quarter of 2025, Laureate determined that the interest related to certain legacy tax liabilities, which is recorded as a component of income tax (benefit) expense and totaled $0.6 million and $1.8 million for the three months ended September 30, 2026 and 2025, respectively, should be excluded from Adjusted net income and treated as a discrete tax item as this provides a more useful indicator of Laureate's earnings from core operations. For comparability and to conform the prior year to the current presentation, Laureate has revised the 2025 amount for discrete tax items by $1.8 million to adjust for the interest related to these legacy tax liabilities that was recorded during the three months ended September 30, 2025. Note: Dollars in millions, except per share amounts, may not sum to total due to rounding. For the three months ended September 30, 2026 2025 IN MILLIONS, except per share amounts (per share) (1) (per share) (1) Net income $ 101.2 $ 0.73 $ 34.4 $ 0.23 Plus: Income from discontinued operations, net of tax — — — — Income from continuing operations 101.2 0.73 34.4 0.23 Plus: Discrete tax items (2) (24.8) (0.18) 1.8 0.01 Loss on debt extinguishment — — — — Loss on disposal of subsidiaries, net — — — — Foreign currency exchange loss, net (4.7) (0.03) 2.3 0.02 Loss on impairment of assets — — — — Adjusted net income $ 71.7 $ 0.52 $ 38.5 $ 0.26 Diluted weighted average shares outstanding 138.0 148.2

37©2026 Laureate Education, Inc. Financial Tables Non-GAAP Reconciliations (3 of 4) The following table reconciles Net income to Adjusted net income and Adjusted EPS: (1) Per share amounts on a dilutive basis. Earnings per share is calculated based on income available to common shareholders, which excludes income attributable to noncontrolling interests. (2) Discrete tax items for 2026 include a non- recurring, non-cash income tax benefit of approximately $25.4 million that was recorded upon resolution of a legacy tax contingency. Discrete tax items for 2025 include $5.5 million of interest expense related to legacy tax liabilities, partially offset by a non-recurring, non-cash income tax benefit of approximately $4.7 million that was recorded upon resolution of a tax contingency related to a dormant subsidiary. Beginning in the fourth quarter of 2025, Laureate determined that the interest related to certain legacy tax liabilities, which is recorded as a component of income tax (benefit) expense, should be excluded from Adjusted net income and treated as a discrete tax item as this provides a more useful indicator of Laureate's earnings from core operations. For comparability and to conform the prior year to the current presentation, Laureate has revised the 2025 amount for discrete tax items by $5.5 million to adjust for the interest related to these legacy tax liabilities that was recorded during the nine months ended September 30, 2025. Note: Dollars in millions, except per share amounts, may not sum to total due to rounding. For the nine months ended September 30, 2026 2025 IN MILLIONS, except per share amounts (per share) (1) (per share) (1) Net income $ 216.7 $ 1.54 $ 112.3 $ 0.74 Plus: Loss from discontinued operations, net of tax — — (0.2) — Income from continuing operations 216.7 1.54 112.0 0.74 Plus: Discrete tax items (2) (25.4) (0.18) 0.8 0.01 Loss on debt extinguishment — — — — Loss on disposal of subsidiaries, net — — — — Foreign currency exchange loss, net (3.7) (0.03) 31.1 0.21 Loss on impairment of assets — — — — Adjusted net income $ 187.6 $ 1.33 $ 143.9 $ 0.96 Diluted weighted average shares outstanding 140.4 149.2

38©2026 Laureate Education, Inc. Financial Tables Non-GAAP Reconciliations (4 of 4) The following table presents Free cash flow and reconciles Net cash flows from operating activities to Free Cash Flow for the nine months ended September 30, 2026 and 2025: Note: Dollars in millions may not sum to total due to rounding.IN MILLIONS 2026 2025 Change Net cash provided by operating activities $ 324.6 $ 272.8 $ 51.8 Capital expenditures: Purchase of property and equipment (63.4) (36.1) (27.3) Receipts from sales of property and equipment 2.4 0.2 2.2 Free Cash Flow $ 263.6 $ 236.9 $ 26.7

©2026 Laureate Education, Inc.

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