Graham Holdings (GHC) Operating Expenses (2009 - 2026)
Graham Holdings (GHC) posted Operating Expenses of $1.2 billion for Q2 2026, up 3.46% sequentially from $1.2 billion in Q1 2026, and up 6.64% YoY from $1.1 billion in Q2 2025.
Analysis
Graham Holdings (GHC) Operating Expenses (2009 - 2026) Analysis & Trends
Graham Holdings has reported Operating Expenses for 18 years, with the latest figure at $1.2 billion in Q2 2026.
- Quarterly Operating Expenses rose 6.64% year-over-year to $1.2 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $4.8 billion (up 5.52% YoY) and the FY2025 annual result came in at $4.7 billion, up 2.21% from the prior year.
- Operating Expenses climbed to $1.2 billion in Q2 2026 per GHC's latest filing, from $1.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $1.2 billion in Q2 2026 and troughed at $874.8 million in Q1 2022.
- A 5-year average of $1.1 billion and a median of $1.1 billion in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 33.15% in 2022, then slipped 3.69% in 2024.
- Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then gained by 0.63% to $1.1 billion in 2023, then increased by 4.2% to $1.2 billion in 2024, then grew by 2.57% to $1.2 billion in 2025, then climbed by 1.28% to $1.2 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.2 billion, $1.2 billion, and $1.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 94.85 Bn | 92.11 Bn | 812.22 Mn | 1.44 Bn |
| 2 | Laureate Education | 5.09 Bn | 4.93 Bn | 237.67 Mn | 14.24 Mn |
| 3 | Graham Holdings | 4.81 Bn | 3.57 Bn | 777.03 Mn | 1.22 Bn |
| 4 | Covista | 4.54 Bn | 4.14 Bn | 284.63 Mn | 405.94 Mn |
| 5 | Grand Canyon Education | 4.00 Bn | 3.72 Bn | 204.08 Mn | 205.89 Mn |
| 6 | Stride | 3.70 Bn | 2.74 Bn | 217.28 Mn | 111.43 Mn |
| 7 | McGraw Hill | 2.54 Bn | 2.35 Bn | 439.20 Mn | 324.92 Mn |
| 8 | Perdoceo Education | 2.10 Bn | 792.68 Mn | 162.46 Mn | 158.47 Mn |
| 9 | TAL Education | 1.94 Bn | -742.06 Mn | 227.32 Mn | 243.19 Mn |
| 10 | Youdao | 1.86 Bn | 1.73 Bn | 105.66 Mn | -89.22 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.22 Bn |
| Mar 31, 2026 | 1.18 Bn |
| Dec 31, 2025 | 1.20 Bn |
| Sep 30, 2025 | 1.21 Bn |
| Jun 30, 2025 | 1.14 Bn |
| Mar 31, 2025 | 1.12 Bn |
| Dec 31, 2024 | 1.17 Bn |
| Sep 30, 2024 | 1.13 Bn |
| Jun 30, 2024 | 1.16 Bn |
| Mar 31, 2024 | 1.12 Bn |
| Dec 31, 2023 | 1.13 Bn |
| Sep 30, 2023 | 1.17 Bn |
| Jun 30, 2023 | 1.05 Bn |
| Mar 31, 2023 | 1.00 Bn |
| Dec 31, 2022 | 1.12 Bn |
| Sep 30, 2022 | 952.91 Mn |
| Jun 30, 2022 | 893.97 Mn |
| Mar 31, 2022 | 874.75 Mn |
| Dec 31, 2021 | 840.38 Mn |
| Sep 30, 2021 | 826.04 Mn |