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Segment Information | 9 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segment Information | 18. Segment Information We present three reportable segments as follows: Chamberlain – This segment includes the operations of Chamberlain, which offers degree and certificate programs in the nursing and health professions postsecondary education industry. Walden – This segment includes the operations of Walden, which offers degree and certificate programs, including those in nursing, education, counseling, business, psychology, public health, social work and human services, public administration and public policy, and criminal justice. Medical and Veterinary – This segment includes the operations of AUC, RUSM, and RUSVM, collectively referred to as the “medical and veterinary schools,” which offers degree and certificate programs in the medical and veterinary postsecondary education industry. These segments are consistent with the method by which the Chief Operating Decision Maker (Adtalem’s Chairman and Chief Executive Officer) evaluates performance and allocates resources. Performance evaluations are based on each segment’s adjusted operating income. Adjusted operating income excludes special items, which consists of restructuring expense, business integration expense, amortization of acquired intangible assets, litigation reserve, asset impairments, strategic advisory costs, loss on assets held for sale, and debt modification costs. Adtalem’s management excludes these items from its review of the results of the operating segments for purposes of measuring segment profitability and allocating resources. “Home Office” includes activities not allocated to a reportable segment and is included to reconcile segment results to the Consolidated Financial Statements. Total assets by segment is not presented as our CODM does not review or allocate resources based on segment assets. The accounting policies of the segments are the same as those described in Note 2 “Summary of Significant Accounting Policies.” Summary financial information by reportable segment is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | March 31, | ​ | March 31,
​ | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
Revenue: |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Chamberlain | ​ | $ | 192,592 | ​ | $ | 170,338 | ​ | $ | 541,508 | ​ | $ | 466,487
Walden | ​ | ​ | 178,418 | ​ | ​ | 150,607 | ​ | ​ | 511,237 | ​ | ​ | 439,023
Medical and Veterinary | ​ | ​ | 95,045 | ​ | ​ | 91,713 | ​ | ​ | 278,439 | ​ | ​ | 269,235
Total consolidated revenue | ​ | $ | 466,055 | ​ | $ | 412,658 | ​ | $ | 1,331,184 | ​ | $ | 1,174,745
Adjusted operating income: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 47,493 | ​ | $ | 43,349 | ​ | $ | 117,628 | ​ | $ | 97,313
Walden | ​ | ​ | 47,999 | ​ | ​ | 31,871 | ​ | ​ | 136,794 | ​ | ​ | 93,141
Medical and Veterinary | ​ | ​ | 17,921 | ​ | ​ | 22,953 | ​ | ​ | 54,170 | ​ | ​ | 59,521
Home Office | ​ |  | (8,047) | ​ |  | (8,391) | ​ |  | (25,930) | ​ |  | (21,315)
Total consolidated adjusted operating income | ​ | ​ | 105,366 | ​ | ​ | 89,782 | ​ | ​ | 282,662 | ​ | ​ | 228,660
Reconciliation to Consolidated Financial Statements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Restructuring expense | ​ |  | (510) | ​ |  | (473) | ​ |  | (2,926) | ​ |  | (1,217)
Business integration expense | ​ | ​ | — | ​ |  | (18,450) | ​ | ​ | — | ​ |  | (30,621)
Amortization of acquired intangible assets | ​ | ​ | (2,805) | ​ |  | (8,286) | ​ | ​ | (8,415) | ​ |  | (28,296)
Litigation reserve | ​ | ​ | — | ​ |  | — | ​ | ​ | 5,550 | ​ |  | (18,500)
Asset impairments | ​ | ​ | (6,442) | ​ | ​ | — | ​ | ​ | (6,442) | ​ |  | —
Strategic advisory costs | ​ | ​ | (5,100) | ​ | ​ | — | ​ | ​ | (5,100) | ​ |  | —
Loss on assets held for sale | ​ | ​ | — | ​ |  | — | ​ | ​ | — | ​ |  | (647)
Debt modification costs | ​ | ​ | — | ​ |  | (848) | ​ | ​ | (712) | ​ |  | (848)
Total consolidated operating income | ​ | ​ | 90,509 | ​ | ​ | 61,725 | ​ | ​ | 264,617 | ​ | ​ | 148,531
Interest expense | ​ |  | (13,074) | ​ |  | (16,560) | ​ |  | (41,465) | ​ |  | (48,910)
Other income, net | ​ |  | 1,898 | ​ |  | 2,871 | ​ |  | 6,779 | ​ |  | 8,648
Total consolidated income from continuing operations before income taxes | ​ | $ | 79,333 | ​ | $ | 48,036 | ​ | $ | 229,931 | ​ | $ | 108,269
Depreciation: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Chamberlain | ​ | $ | 5,350 | ​ | $ | 4,938 | ​ | $ | 16,184 | ​ | $ | 13,840
Walden | ​ | ​ | 1,951 | ​ | ​ | 1,835 | ​ | ​ | 5,428 | ​ | ​ | 5,735
Medical and Veterinary | ​ | ​ | 2,785 | ​ | ​ | 3,033 | ​ | ​ | 8,098 | ​ | ​ | 8,897
Home Office | ​ |  | 188 | ​ |  | 692 | ​ |  | 557 | ​ |  | 1,407
Total consolidated depreciation | ​ | $ | 10,274 | ​ | $ | 10,498 | ​ | $ | 30,267 | ​ | $ | 29,879
Amortization of acquired intangible assets: | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | ​
Walden | ​ | $ | 2,805 | ​ | $ | 8,286 | ​ | $ | 8,415 | ​ | $ | 28,296
Total consolidated amortization of acquired intangible assets | ​ | $ | 2,805 | ​ | $ | 8,286 | ​ | $ | 8,415 | ​ | $ | 28,296
​ Adtalem conducts its educational operations in the U.S., Barbados, St. Kitts, and St. Maarten. Revenue by geographic area is as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Nine Months Ended
​ | ​ | March 31, | ​ | March 31,
​ | ​ | 2025 | ​ | 2024 | ​ | 2025 | ​ | 2024
Revenue by geographic area: |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Domestic operations | ​ | $ | 371,010 | ​ | $ | 320,945 | ​ | $ | 1,052,745 | ​ | $ | 905,510
Barbados, St. Kitts, and St. Maarten | ​ |  | 95,045 | ​ |  | 91,713 | ​ |  | 278,439 | ​ |  | 269,235
Total consolidated revenue | ​ | $ | 466,055 | ​ | $ | 412,658 | ​ | $ | 1,331,184 | ​ | $ | 1,174,745
​ No one customer accounted for more than 10% of Adtalem’s consolidated revenue for all periods presented.

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- Definition The entire disclosure for reporting segments including data and tables. 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