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
DateValue
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%