
ICE contracts fuel revenue surge for owners of for-profit immigration detention centers
Newsy
The first year of President Trump's push to arrest and deport undocumented immigrants was a financial boon for two companies that own and operate private detention centers.
The first year of President Trump's push to arrest and deport undocumented immigrants was a financial boon for two companies that own and operate private detention centers.
CoreCivic and The GEO Group both reported their year-end earnings for 2025.
Each company reported seeing a boost in revenue of more than 13 percent, both making more than $2 billion.
GEO Group's executive chairman George Zoley called 2025 the "most successful year for new business wins in our company's history."
The two companies opened nine new detention centers across the country under contracts with ICE, adding thousands more beds able to hold arrested immigrants who are awaiting deportation hearings.













