Growth Metrics

Graham Holdings (GHC) Gross Margin (2019 - 2025)

Graham Holdings' Gross Margin history spans 7 years, with the latest figure at 70.42% for Q4 2025.

  • For Q4 2025, Gross Margin fell 209.0% year-over-year to 70.42%; the TTM value through Dec 2025 reached 68.02%, up 56.0%, while the annual FY2025 figure was 68.02%, 56.0% up from the prior year.
  • Gross Margin for Q4 2025 was 70.42% at Graham Holdings, down from 75.2% in the prior quarter.
  • Across five years, Gross Margin topped out at 75.2% in Q3 2025 and bottomed at 29.18% in Q4 2023.
  • The 5-year median for Gross Margin is 62.67% (2024), against an average of 55.22%.
  • The largest annual shift saw Gross Margin crashed -3878bps in 2022 before it skyrocketed 4333bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 53.36% in 2021, then tumbled by -39bps to 32.74% in 2022, then decreased by -11bps to 29.18% in 2023, then soared by 148bps to 72.51% in 2024, then dropped by -3bps to 70.42% in 2025.
  • Per Business Quant, the three most recent readings for GHC's Gross Margin are 70.42% (Q4 2025), 75.2% (Q3 2025), and 62.98% (Q2 2025).