Graham Holdings (GHC) Operating Expenses (2016 - 2026)
Quarterly results put Operating Expenses at $1.2 billion for Q1 2026, up 5.34% from a year ago — trailing twelve months through Mar 2026 was $4.7 billion (up 3.49% YoY), and the annual figure for FY2025 was $4.7 billion, up 2.21%.
Graham Holdings has reported Operating Expenses over the past 18 years, most recently at $1.2 billion for Q1 2026.
- Operating Expenses reached $1.2 billion in Q1 2026 per GHC's latest filing, down from $1.2 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $1.2 billion in Q3 2025 and bottomed at $874.8 million in Q1 2022.
- Median Operating Expenses over the past 5 years was $1.1 billion (2024), compared with a mean of $1.1 billion.
- The largest annual shift saw Operating Expenses skyrocketed 33.15% in 2022 before it dropped 3.69% in 2024.
- Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then increased by 0.63% to $1.1 billion in 2023, then rose by 4.2% to $1.2 billion in 2024, then increased by 2.57% to $1.2 billion in 2025, then decreased by 2.1% to $1.2 billion in 2026.
- Business Quant data shows Operating Expenses for GHC at $1.2 billion in Q1 2026, $1.2 billion in Q4 2025, and $1.2 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | 51Talk Online Education | 9.59 Bn | 9.55 Bn | 22.18 Mn | -27.37 Mn |
| 2 | Graham Holdings | 4.73 Bn | 3.72 Bn | 841.00 Mn | 1.18 Bn |
| 3 | Laureate Education | 4.69 Bn | 4.53 Bn | -16.39 Mn | 11.13 Mn |
| 4 | Grand Canyon Education | 4.19 Bn | 3.94 Bn | 244.77 Mn | 213.30 Mn |
| 5 | Stride | 3.77 Bn | 2.96 Bn | 231.57 Mn | 102.49 Mn |
| 6 | Perdoceo Education | 2.11 Bn | 1.43 Bn | 174.68 Mn | 158.62 Mn |
| 7 | Universal Technical Institute | 2.01 Bn | 1.84 Bn | 103.97 Mn | 221.06 Mn |
| 8 | Strategic Education | 1.71 Bn | 1.55 Bn | - | 154.77 Mn |
| 9 | Lincoln Educational Services | 1.46 Bn | 1.44 Bn | 120.06 Mn | 137.55 Mn |
| 10 | American Public Education | 943.17 Mn | 722.17 Mn | 100.11 Mn | 153.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 763.56 Mn |
| Mar 31, 2021 | 678.61 Mn |
| Dec 31, 2020 | 740.81 Mn |
| Sep 30, 2020 | 676.74 Mn |
| Jun 30, 2020 | 646.99 Mn |
| Mar 31, 2020 | 724.17 Mn |
| Dec 31, 2019 | 733.17 Mn |
| Sep 30, 2019 | 722.55 Mn |
| Jun 30, 2019 | 679.64 Mn |
| Mar 31, 2019 | 652.20 Mn |
| Dec 31, 2018 | 613.51 Mn |
| Sep 30, 2018 | 614.03 Mn |
| Jun 30, 2018 | 440.66 Mn |
| Mar 31, 2018 | 365.15 Mn |
| Dec 31, 2017 | 626.36 Mn |
| Sep 30, 2017 | 630.28 Mn |
| Jun 30, 2017 | 626.35 Mn |
| Mar 31, 2017 | 325.69 Mn |
| Dec 31, 2016 | 300.09 Mn |
| Sep 30, 2016 | 293.19 Mn |
| Jun 30, 2016 | 554.79 Mn |