Education: profitability, risk and outlook
1,357 ranked companies in Education filed accounts for 2025. The median company had an operating margin of 3.3%, and 32.8% made a loss.
Morning Analytics. The text is written from the figures in the database by fixed rules. How it is calculated
The industry in figures
| Figure | Value |
|---|---|
| Ranked companies, fiscal year 2025 | 1,357 |
| Total revenue, ranked companies 2025 | 26,642 MNOK |
| Median operating margin 2025 | 3.3% |
| Median equity ratio 2025 | 25.4% |
| Share with a loss 2025 | 32.8% |
| Share with negative equity 2025 | 18.2% |
| Enterprises in the industry (SSB) 2024 | 19,430 (+1.8% from 2023) |
| Employed in the industry (SSB) 2024 | 33,818 (+0.3% from 2023) |
| Revenue in the industry (SSB) 2024 | 38,228 mill. kr (+5.2% from 2023) |
| Bankruptcies 2025K4–2026K3 (change from the four quarters before) | 35 (0.0%) |
| Public contracts won in the last twelve months | 46 · 800 MNOK |
The industry in SSB's figures
SSB counts 19,430 (+1.8% from 2023) enterprises and 33,818 (+0.3% from 2023) employed in Education, with total revenue of 38,228 mill. kr (+5.2% from 2023).
There were 35 (0.0%) bankruptcies in the industry from 2025K4 to 2026K3.
Source: SSB 12910, 10790, 08085.
The largest companies by revenue
Vid Vitenskapelige Høgskole AS is largest with revenue of 736 MNOK in 2025, ahead of Nla Høgskolen AS, Wright Trafikkskole AS.
Source: Brønnøysundregistrene, 2025. 1,357 compared.
Most profitable among the large (operating margin)
Among companies with at least 50 MNOK in revenue, Visma Smartskill AS has the highest operating margin, 46.0%, ahead of Calian Europe AS, Oslo Nye Høyskole AS. The median of the group is 4.2%.
Source: Brønnøysundregistrene, 2025. 74 compared.
Fastest growth among the large (revenue growth)
Folkeuniversitetet AS grew fastest among the large, at 9.6, ahead of Presto Training AS, Calian Europe AS. The median of the group is 8.1%.
Source: Brønnøysundregistrene, 2025. 74 compared.
Public contracts in the last twelve months
Companies in the industry won 46 public contracts in the last twelve months, spread over 33 companies. The largest buyers were ARBEIDS- OG VELFERDSETATEN, ARBEIDS OG VELFERDSETATEN, Oslo kommune v/ Utdanningsetaten.
Source: Doffin (DFØ).
The outlook: macro and drivers
SSB expects GDP mainland Norway at 1.4 % in 2026. SSB expects Unemployment rate (LFS, level) at 4.6 % in 2026. SSB expects Consumer price index at 3.2 % in 2026. SSB expects Money market rate (level) at 4.5 % in 2026. Consumer price index changed +3.0% in 2025. Policy rate changed −20.2% in 2025.
SSB's forecasts
Statistics Norway's economic forecasts (table 12880), published 15 September 2026. Marked years are forecasts.
| 2024 | 2025 | 2026forecast | 2027forecast | 2028forecast | |
|---|---|---|---|---|---|
| GDP mainland Norway | 0.6 % | 1.7 % | 1.4 % | 2.1 % | 1.5 % |
| Unemployment rate (LFS, level) | 4.0 % | 4.5 % | 4.6 % | 4.4 % | 4.3 % |
| Consumer price index | 3.1 % | 3.1 % | 3.2 % | 2.5 % | 2.2 % |
| Money market rate (level) | 4.7 % | 4.4 % | 4.5 % | 4.6 % | 4.0 % |
| Employed persons | 0.7 % | 0.7 % | 0.5 % | 0.6 % | 0.6 % |
| Annual wages | 5.6 % | 4.9 % | 4.3 % | 3.7 % | 3.4 % |
Source: SSB 12880, Norges Bank.
What the figures do not say
The figures are from the latest filed annual accounts and Statistics Norway's official statistics. They do not show order books, market shares or what has happened since the fiscal year, and SSB's forecasts are forecasts, not answers.