2U (TWOU) Revenue & Revenue Breakdown
2U Revenue Highlights
Latest Revenue (Y)
$945.95M
Latest Revenue (Q)
$180.68M
Main Segment (Y)
Degree Program Segment
2U Revenue by Period
2U Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $945.95M | -1.78% |
| 2022-12-31 | $963.08M | 1.84% |
| 2021-12-31 | $945.68M | 22.10% |
| 2020-12-31 | $774.53M | 34.78% |
| 2019-12-31 | $574.67M | 39.56% |
| 2018-12-31 | $411.77M | 43.60% |
| 2017-12-31 | $286.75M | 39.29% |
| 2016-12-31 | $205.86M | 37.07% |
| 2015-12-31 | $150.19M | 36.24% |
| 2014-12-31 | $110.24M | 32.62% |
| 2013-12-31 | $83.13M | 48.76% |
| 2012-12-31 | $55.88M | 87.94% |
| 2011-12-31 | $29.73M | - |
2U generated $945.95M in revenue during NA 2023, up -1.78% compared to the previous quarter, and up 229.73% compared to the same period a year ago.
2U Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $180.68M | -8.92% |
| 2024-03-31 | $198.38M | -22.41% |
| 2023-12-31 | $255.66M | 11.30% |
| 2023-09-30 | $229.70M | 3.43% |
| 2023-06-30 | $222.09M | -6.88% |
| 2023-03-31 | $238.50M | 1.04% |
| 2022-12-31 | $236.05M | 1.64% |
| 2022-09-30 | $232.24M | -3.82% |
| 2022-06-30 | $241.46M | -4.68% |
| 2022-03-31 | $253.33M | 3.98% |
| 2021-12-31 | $243.62M | 4.84% |
| 2021-09-30 | $232.38M | -2.04% |
| 2021-06-30 | $237.21M | 2.04% |
| 2021-03-31 | $232.47M | 7.98% |
| 2020-12-31 | $215.29M | 7.07% |
| 2020-09-30 | $201.07M | 10.06% |
| 2020-06-30 | $182.69M | 4.11% |
| 2020-03-31 | $175.48M | 7.54% |
| 2019-12-31 | $163.18M | 6.10% |
| 2019-09-30 | $153.80M | 13.54% |
| 2019-06-30 | $135.46M | 10.82% |
| 2019-03-31 | $122.23M | 6.20% |
| 2018-12-31 | $115.09M | 7.60% |
| 2018-09-30 | $106.96M | 9.79% |
| 2018-06-30 | $97.42M | 5.56% |
| 2018-03-31 | $92.29M | 6.47% |
| 2017-12-31 | $86.68M | 23.39% |
| 2017-09-30 | $70.25M | 8.09% |
| 2017-06-30 | $65.00M | 0.26% |
| 2017-03-31 | $64.83M | 13.04% |
| 2016-12-31 | $57.35M | 10.37% |
| 2016-09-30 | $51.96M | 5.80% |
| 2016-06-30 | $49.11M | 3.51% |
| 2016-03-31 | $47.44M | 9.69% |
| 2015-12-31 | $43.25M | 16.61% |
| 2015-09-30 | $37.09M | 5.26% |
| 2015-06-30 | $35.24M | 1.81% |
| 2015-03-31 | $34.61M | 12.54% |
| 2014-12-31 | $30.76M | 8.27% |
| 2014-09-30 | $28.41M | 14.80% |
| 2014-06-30 | $24.74M | -6.03% |
| 2014-03-31 | $26.33M | 6.16% |
| 2013-12-31 | $24.80M | 21.00% |
| 2013-09-30 | $20.50M | 9.67% |
| 2013-06-30 | $18.69M | -2.32% |
| 2013-03-31 | $19.13M | - |
2U generated $180.68M in revenue during Q2 2024, up -8.92% compared to the previous quarter, and up 75.76% compared to the same period a year ago.
2U Revenue Breakdown
2U Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Degree Program Segment | $561.04M | $571.61M | $592.29M | - | - |
| Alternative Credential Segment | $384.91M | $391.47M | $353.39M | $287.86M | $157.47M |
| Graduate Program Segment | - | - | - | $486.68M | $417.21M |
2U's latest annual revenue breakdown by segment (product or service), as of Dec 23: Degree Program Segment (59.31%), and Alternative Credential Segment (40.69%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Alternative Credential Segment | $86.83M | $92.19M | $92.09M | $102.59M | $98.02M | $98.94M | $95.00M | $98.37M | $99.16M | $91.22M | $84.58M | $91.00M | $86.60M | $84.80M | $79.04M | $67.00M | $11.30M | $11.40M | $10.60M | $34.06M |
| Degree Program Segment | $111.55M | $163.47M | $137.60M | $119.49M | $140.48M | $137.11M | $137.24M | $143.09M | $154.17M | - | - | - | - | - | - | - | - | - | - | - |
| Graduate Program Segment | - | - | - | - | - | - | - | - | - | - | $147.79M | $146.21M | $145.88M | $130.50M | $122.04M | $115.69M | $101.40M | - | - | - |
2U's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Degree Program Segment (56.23%), and Alternative Credential Segment (43.77%).
2U Revenue Breakdown by Country
Quarterly Revenue by Country
| Country | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Sep 18 | Jun 18 | Mar 18 |
|---|---|---|---|---|---|---|---|
| Non-US | $28.50M | $28.10M | $28.80M | $30.70M | $8.80M | - | - |
| Non Us | - | - | - | - | - | $9.80M | $7.40M |
2U's latest quarterly revenue breakdown by geography, as of Mar 24: Non-US (100.00%).
2U Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| EDU | New Oriental Education & Technology Group | $3.00B | $1.21B |
| GOTU | Gaotu Techedu | $2.96B | $946.88M |
| STG | Sunlands Technology Group | $2.16B | $523.24M |
| LRN | Stride | $2.04B | $520.84M |
| ATGE | Adtalem Global Education | $1.58B | $412.66M |
| TAL | TAL Education Group | $1.49B | $429.56M |
| LAUR | Laureate Education | $1.48B | $33.30M |
| IH | iHuman | $1.02B | $250.45M |
| TWOU | 2U | $945.95M | $180.68M |
| UDMY | Udemy | $728.94M | $194.36M |
| CHGG | Chegg | $716.29M | $163.15M |
| COUR | Coursera | $635.76M | $170.34M |
| SKIL | Skillsoft | $553.24M | $132.22M |
| YQ | 17 Education & Technology Group | $170.96M | $25.50M |
| EEIQ | Elite Education Group | $5.71M | $2.29M |
TWOU Revenue FAQ
What is 2U’s yearly revenue?
2U's yearly revenue for 2023 was $945.95M, representing a decrease of -1.78% compared to 2022. The company's yearly revenue for 2022 was $963.08M, representing an increase of 1.84% compared to 2021. TWOU's yearly revenue for 2021 was $945.68M, representing an increase of 22.10% compared to 2020.
What is 2U’s quarterly revenue?
2U's quarterly revenue for Q2 2024 was $180.68M, a -8.92% decrease from the previous quarter (Q1 2024), and a -18.64% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $198.38M, a -22.41% decrease from the previous quarter (Q4 2023), and a -16.82% decrease year-over-year (Q1 2023). TWOU's quarterly revenue for Q4 2023 was $255.66M, a 11.30% increase from the previous quarter (Q3 2023), and a 8.31% increase year-over-year (Q4 2022).
What is 2U’s revenue growth rate?
2U's revenue growth rate for the last 3 years (2021-2023) was 0.03%, and for the last 5 years (2019-2023) was 64.61%.
What are 2U’s revenue streams?
2U's revenue streams in c 23 are Degree Program Segment, and Alternative Credential Segment. Degree Program Segment generated $561.04M in revenue, accounting 59.31% of the company's total revenue, down -1.85% year-over-year. Alternative Credential Segment generated $384.91M in revenue, accounting 40.69% of the company's total revenue, down -1.68% year-over-year.
What is 2U’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of 2U was Degree Program Segment. This segment made a revenue of $561.04M, representing 59.31% of the company's total revenue.