Trump's mass deportation machine is a $1.4 billion private-prison bonanza
CoreCivic and GEO Group posted combined Q2 revenue of $1.4 billion as immigration detention neared 66,000 people.
Cruelty is a growth industry, and the deportation business is booming.
Surprise! MAGA's favorite mass-deportation program has produced at least one conspicuous group of winners: the companies paid to lock people up.
America's two largest private-prison companies, CoreCivic and GEO Group, reported a combined $1.4 billion in revenue for the second quarter, as the number of people held in immigration detention approached 66,000. CoreCivic reported $684.9 million in revenue, up more than 27 percent from a year earlier, while GEO Group brought in $732.1 million, an increase of about 15 percent. Both companies suck up to the Trump Administration plenty.
GEO Group CEO George Zoley said in his company's earnings call also on Thursday that thanks to 2025 contracts, total revenues are up to $732.1 million — an increase of nearly $96 million or 15% — over the same period last year.
GEO Group's government ties run deep. Former GEO Group executive David Venturella is the acting director of ICE. In a recent letter, he told lawmakers he has divested his GEO Group stock.
White House Border Czar Tom Homan walks away after talking to reporters after doing television interviews outside the West Wing of the White House on June 30, 2026 in Washington, DC.
President Trump's border czar Tom Homan was also a paid consultant for GEO Group before joining the government, and former Attorney General Pam Bondi lobbied for GEO Group before she was appointed.
Nothing says "public service" like $307,000 per detention bed.
Isn’t our new government awesome?