Exhibit 99.2

Adtalem Global Education Inc.

Schedule of non-GAAP Earnings

(in thousands, except per share data)

	Three Months Ended										Year Ended
	Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		June 30,
	2021		2021		2021		2020		2020		2021		2020
Net income (loss) attributable to Adtalem (GAAP)	$	(58,004)	$	9,012	$	24,652	$	23,315	$	19,930	$	76,909	$	(85,334)
Deferred revenue adjustment		6,207		—		—		—		—		—		—
CEO transition costs		6,195		—		—		—		—		—		—
Restructuring expense		3,094		1,570		1,217		1,166		2,916		6,869		23,683
Business acquisition and integration expense		26,553		3,432		3,646		11,079		13,436		31,593		—
Walden intangible amortization expense		16,451		—		—		—		—		—		—
Pre-acquisition interest expense		31,634		21,750		4,951		45		—		26,746		—
Gain on sale of assets		—		—		—		—		—		—		(4,779)
Gain on derivative		—		—		—		—		—		—		(110,723)
Tax Cuts and Jobs Act of 2017 and tax charges related to the divestiture of DeVry University		—		—		—		—		—		—		(2,230)
Net tax benefit for a former subsidiary investment loss		—		—		—		—		—		—		(25,688)
Income tax impact on non-GAAP adjustments		4,640		(5,325)		(3,365)		(4,006)		(3,601)		(16,297)		(4,399)
(Income) loss from discontinued operations		(19,178)		(6,447)		(414)		626		(344)		(6,579)		305,259
Net income from continuing operations attributable to Adtalem excluding special items (non-GAAP)	$	17,592	$	23,992	$	30,687	$	32,225	$	32,337	$	119,241	$	95,789

	Three Months Ended										Year Ended
	Sept. 30,		June 30,		March 31,		Dec. 31,		Sept. 30,		June 30,		June 30,
	2021		2021		2021		2020		2020		2021		2020
Earnings (loss) per share, diluted (GAAP)	$	(1.17)	$	0.18	$	0.48	$	0.44	$	0.38	$	1.49	$	(1.58)
Effect on diluted earnings per share:
Deferred revenue adjustment		0.12		—		—		—		—		—		—
CEO transition costs		0.12		—		—		—		—		—		—
Restructuring expense		0.06		0.03		0.02		0.02		0.06		0.13		0.44
Business acquisition and integration expense		0.53		0.07		0.07		0.21		0.25		0.61		—
Walden intangible amortization expense		0.33		—		—		—		—		—		—
Pre-acquisition interest expense		0.63		0.43		0.10		0.00		—		0.52		—
Gain on sale of assets		—		—		—		—		—		—		(0.09)
Gain on derivative		—		—		—		—		—		—		(2.05)
Tax Cuts and Jobs Act of 2017 and tax charges related to the divestiture of DeVry University		—		—		—		—		—		—		(0.04)
Net tax benefit for a former subsidiary investment loss		—		—		—		—		—		—		(0.47)
Income tax impact on non-GAAP adjustments		0.09		(0.11)		(0.07)		(0.08)		(0.07)		(0.32)		(0.08)
(Income) loss from discontinued operations		(0.38)		(0.13)		(0.01)		0.01		(0.01)		(0.13)		5.64
Earnings per share from continuing operations excluding special items, diluted (non-GAAP)	$	0.35	$	0.48	$	0.60	$	0.61	$	0.61	$	2.31	$	1.77
Diluted shares used in non-GAAP EPS calculation		50,222		50,326		51,111		52,441		52,797		51,645		54,094