Graham Holdings (GHC) Gross Margin (2019 - 2026)
Graham Holdings (GHC) posted Gross Margin of 59.66% for Q2 2026, down 4.71% sequentially from 62.6% in Q1 2026, and down 332.0% YoY from 25.71% in Q2 2025.
Graham Holdings (GHC) Gross Margin (2019 - 2026) Analysis & Trends
Graham Holdings has reported Gross Margin for 8 years, with the latest figure at 59.66% in Q2 2026.
- Quarterly Gross Margin fell 332.0% year-over-year to 59.66% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 61.02% (down 238.0% YoY) and the FY2025 annual result came in at 61.9%, down 124.0% from the prior year.
- Gross Margin retreated to 59.66% in Q2 2026 per GHC's latest filing, from 62.6% in the prior quarter.
- Over five years, Gross Margin peaked at 64.62% in Q3 2024 and troughed at 29.18% in Q4 2023.
- A 5-year average of 53.98% and a median of 62.51% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2024: Gross Margin slumped 3068 bps in 2022, then jumped 3397 bps in 2024.
- Over 5 years, Gross Margin stood at 32.74% in 2022, then slipped by 11 bps to 29.18% in 2023, then jumped by 116 bps to 63.16% in 2024, then declined by 6 bps to 59.36% in 2025, then rose by 1 bps to 59.66% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 59.66%, 62.6%, and 59.36% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 53.10% |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | 73.66% |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 38.59% |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 59.66% |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 56.77% |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 77.29% |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 34.16% |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 83.86% |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 52.92% |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | 44.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 59.66% |
| Mar 31, 2026 | 68.04% |
| Dec 31, 2025 | 83.38% |
| Sep 30, 2025 | 62.52% |
| Jun 30, 2025 | 67.98% |
| Mar 31, 2025 | 66.88% |
| Dec 31, 2024 | 68.94% |
| Sep 30, 2024 | 64.62% |
| Jun 30, 2024 | 62.24% |
| Mar 31, 2024 | 62.50% |
| Dec 31, 2023 | 29.18% |
| Sep 30, 2023 | 66.37% |
| Jun 30, 2023 | 63.36% |
| Mar 31, 2023 | 64.11% |
| Dec 31, 2022 | 32.74% |
| Sep 30, 2022 | 31.38% |
| Jun 30, 2022 | 32.30% |
| Mar 31, 2022 | 32.71% |
| Dec 31, 2021 | 30.91% |
| Sep 30, 2021 | 62.06% |