Graham Holdings (GHC) Gross Margin (2019 - 2026)
Graham Holdings' (GHC) quarterly Gross Margin came in at 68.04% in Q1 2026, up 520.0% year-on-year from 10.97% in Q1 2025, and up 14.63% quarter-over-quarter from 59.36% in Q4 2025.
Graham Holdings (GHC) Gross Margin (2019 - 2026) Analysis & Trends
Graham Holdings has disclosed Gross Margin across 8 years of filings, most recently posting 68.04% for Q1 2026.
- Gross Margin for Q1 2026 came in at 68.04%, up 520.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 64.3% (down 456.0% YoY), and the FY2025 annual result was 61.9%, down 556.0% from the prior year.
- Gross Margin came in at 68.04% for Q1 2026 at Graham Holdings, up from 59.36% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 79.79% in Q4 2024 to a low of 29.18% in Q4 2023.
- The 5-year median for Gross Margin is 63.31% (2023), against an average of 56.03%.
- Across the five-year window, Gross Margin tumbled 7136 bps in 2022 and soared 5061 bps in 2024, its largest moves.
- Graham Holdings' Gross Margin stood at 32.74% in 2022, then retreated by 11 bps to 29.18% in 2023, then soared by 173 bps to 79.79% in 2024, then fell by 26 bps to 59.36% in 2025, then increased by 15 bps to 68.04% in 2026.
- The last three Gross Margin figures came in at 68.04% (Q1 2026), 59.36% (Q4 2025), and 66.76% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 7.03 Bn | 6.99 Bn | 22.18 Mn | 72.43% |
| 2 | Laureate Education | 5.22 Bn | 5.06 Bn | -16.39 Mn | -6.01% |
| 3 | Graham Holdings | 5.09 Bn | 4.08 Bn | 841.00 Mn | 68.04% |
| 4 | Covista | 4.40 Bn | 4.40 Bn | 276.31 Mn | 56.73% |
| 5 | Stride | 4.17 Bn | 3.36 Bn | 231.57 Mn | 36.76% |
| 6 | Grand Canyon Education | 3.94 Bn | 3.69 Bn | 244.77 Mn | 79.28% |
| 7 | McGraw Hill | 2.19 Bn | 1.94 Bn | 388.89 Mn | 83.86% |
| 8 | Universal Technical Institute | 2.14 Bn | 1.97 Bn | 103.97 Mn | 46.96% |
| 9 | Perdoceo Education | 2.13 Bn | 1.45 Bn | 174.68 Mn | 78.77% |
| 10 | Strategic Education | 1.69 Bn | 1.53 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 68.04% |
| Dec 31, 2025 | 59.36% |
| Sep 30, 2025 | 66.76% |
| Jun 30, 2025 | 62.98% |
| Mar 31, 2025 | 62.84% |
| Dec 31, 2024 | 79.79% |
| Sep 30, 2024 | 64.62% |
| Jun 30, 2024 | 67.58% |
| Mar 31, 2024 | 66.36% |
| Dec 31, 2023 | 29.18% |
| Sep 30, 2023 | 63.31% |
| Jun 30, 2023 | 67.15% |
| Mar 31, 2023 | 65.40% |
| Dec 31, 2022 | 32.74% |
| Sep 30, 2022 | 31.38% |
| Jun 30, 2022 | 32.30% |
| Mar 31, 2022 | 32.71% |
| Dec 31, 2021 | 104.10% |
| Sep 30, 2021 | 70.16% |
| Jun 30, 2021 | 61.68% |