Graham Holdings (GHC) Gross Margin (2019 - 2026)
Graham Holdings (GHC) recorded Gross Margin of 30.10% in Q2 2026, down 0.86 percentage points from 30.95% a year earlier and down 0.55 percentage points from the prior quarter.
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Analysis
Graham Holdings (GHC) Gross Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Graham Holdings' Gross Margin came in at 29.95% as of Jun 30, 2026, down 1.14 percentage points year-over-year; for FY2025, it came in at 29.93%, down 0.68 percentage points from FY2024.
- Annual Gross Margin has declined for three straight years, with a five-year change of -3.89 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 30.61% in FY2024 (-50.68 pp), 81.28% in FY2023 (-0.48 pp), 81.76% in FY2022 (+48.13 pp) and 33.63% in FY2021 (-0.19 pp).
- Quarterly Gross Margin has ranged from 28.86% in Q1 2024 to 35.02% in Q4 2021 over the past five years.
- On a year-over-year basis, Gross Margin rose in five of the last eight quarters, with an average year-over-year change of +0.28 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 2.91 percentage points in Q4 2024, against a drop of 3.56 percentage points in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 30.65% (Q1 2026), 29.78% (Q4 2025) and 29.28% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Service Corp International | 11.15 Bn | 10.15 Bn | 273.50 Mn | 24.79% |
| 2 | New Oriental Education & Technology | 9.53 Bn | -1.61 Bn | 5,600.00 | 0.00% |
| 3 | TAL Education | 7.16 Bn | -5.83 Bn | 438.20 Mn | 57.78% |
| 4 | Laureate Education | 5.43 Bn | 4.73 Bn | 237.67 Mn | 38.59% |
| 5 | Graham Holdings | 5.11 Bn | 202.28 Mn | 392.03 Mn | 30.10% |
| 6 | Covista | 4.47 Bn | 3.59 Bn | 284.63 Mn | 56.77% |
| 7 | Valvoline | 4.04 Bn | 3.75 Bn | 214.90 Mn | 39.46% |
| 8 | Bright Horizons Family Solutions | 3.63 Bn | 3.07 Bn | 188.96 Mn | 24.25% |
| 9 | Stride | 3.55 Bn | 446.85 Mn | 217.28 Mn | 34.16% |
| 10 | Onespaworld Holdings | 2.43 Bn | 2.33 Bn | 44.57 Mn | 17.06% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 30.10% |
| Mar 31, 2026 | 30.65% |
| Dec 31, 2025 | 29.78% |
| Sep 30, 2025 | 29.28% |
| Jun 30, 2025 | 30.95% |
| Mar 31, 2025 | 29.72% |
| Dec 31, 2024 | 32.10% |
| Sep 30, 2024 | 31.51% |
| Jun 30, 2024 | 29.82% |
| Mar 31, 2024 | 28.86% |
| Dec 31, 2023 | 29.18% |
| Sep 30, 2023 | 29.68% |
| Jun 30, 2023 | 30.51% |
| Mar 31, 2023 | 29.50% |
| Dec 31, 2022 | 32.74% |
| Sep 30, 2022 | 31.38% |
| Jun 30, 2022 | 32.30% |
| Mar 31, 2022 | 32.71% |
| Dec 31, 2021 | 35.02% |
| Sep 30, 2021 | 32.21% |
API Access
Graham Holdings Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=GHC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "GHC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=GHC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();