Graham Holdings (GHC) Operating Margin (2009 - 2026)
Graham Holdings (GHC) posted Operating Margin of 6.42% for Q2 2026, up 37.23% sequentially from 4.68% in Q1 2026, and up 44.0% YoY from 4.46% in Q2 2025.
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Graham Holdings (GHC) Operating Margin (2009 - 2026) Analysis & Trends
Graham Holdings has reported Operating Margin for 18 years, with the latest figure at 6.42% in Q2 2026.
- Quarterly Operating Margin rose 44.0% year-over-year to 6.42% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 5.05% (down 62.0% YoY) and the FY2025 annual result came in at 4.78%, up 29.0% from the prior year.
- Operating Margin rose to 6.42% in Q2 2026 per GHC's latest filing, from 4.68% in the prior quarter.
- Over five years, Operating Margin peaked at 6.76% in Q3 2024 and troughed at 5.16% in Q4 2022.
- A 5-year average of 3.54% and a median of 4.29% in 2022 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2023 and 2024: Operating Margin plunged 1102 bps in 2023, then jumped 1190 bps in 2024.
- Over 5 years, Operating Margin stood at 5.16% in 2022, then jumped by 168 bps to 3.5% in 2023, then surged by 66 bps to 5.82% in 2024, then sank by 35 bps to 3.8% in 2025, then jumped by 69 bps to 6.42% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 6.42%, 4.68%, and 3.8% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 94.40 Bn | 91.66 Bn | 812.22 Mn | 5.61% |
| 2 | Laureate Education | 5.11 Bn | 4.95 Bn | 237.67 Mn | 36.28% |
| 3 | Graham Holdings | 4.77 Bn | 3.52 Bn | 777.03 Mn | 6.42% |
| 4 | Covista | 4.52 Bn | 4.11 Bn | 284.63 Mn | 19.04% |
| 5 | Grand Canyon Education | 3.97 Bn | 3.70 Bn | 204.08 Mn | 22.02% |
| 6 | Stride | 3.66 Bn | 2.70 Bn | 217.28 Mn | 16.64% |
| 7 | McGraw Hill | 2.53 Bn | 2.33 Bn | 439.20 Mn | 20.78% |
| 8 | Perdoceo Education | 2.07 Bn | 765.73 Mn | 162.46 Mn | 25.72% |
| 9 | TAL Education | 1.94 Bn | -740.46 Mn | 227.32 Mn | -10.34% |
| 10 | Youdao | 1.81 Bn | 1.68 Bn | 105.66 Mn | 7.60% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.42% |
| Mar 31, 2026 | 4.68% |
| Dec 31, 2025 | 3.80% |
| Sep 30, 2025 | 5.25% |
| Jun 30, 2025 | 5.98% |
| Mar 31, 2025 | 4.07% |
| Dec 31, 2024 | 5.82% |
| Sep 30, 2024 | 6.76% |
| Jun 30, 2024 | 2.19% |
| Mar 31, 2024 | 3.07% |
| Dec 31, 2023 | 3.50% |
| Sep 30, 2023 | -5.14% |
| Jun 30, 2023 | 5.25% |
| Mar 31, 2023 | 2.68% |
| Dec 31, 2022 | -5.16% |
| Sep 30, 2022 | 5.88% |
| Jun 30, 2022 | 4.21% |
| Mar 31, 2022 | 4.37% |
| Dec 31, 2021 | 2.61% |
| Sep 30, 2021 | -2.05% |