McGraw Hill (MH) Gross Margin (2024 - 2026)
McGraw Hill (MH) posted quarterly Gross Margin of 83.86% for Q1 2026, up 43.0% year-over-year from 58.64% in Q1 2025, and down 1.68% quarter-over-quarter from 85.29% in Q4 2025.
McGraw Hill (MH) Gross Margin (2024 - 2026) Analysis & Trends
McGraw Hill's Gross Margin history runs 3 years deep, the most recent figure standing at 83.86% for Q1 2026.
- In Q1 2026, Gross Margin rose 43.0% year-over-year to 83.86%; the TTM figure through Mar 2026 stood at 80.92% (up 102.0% YoY), while the FY2026 annual figure was 80.92%, up 102.0% from the prior year.
- Gross Margin for Q1 2026 stood at 83.86%, down from 85.29% in the prior quarter.
- The five-year high for Gross Margin was 85.29% in Q4 2025, with the low at 76.04% in Q2 2024.
- The 3-year median for Gross Margin is 81.33% (2025), against an average of 80.86%.
- The sharpest annual moves came in 2025 and 2026: Gross Margin soared 149 bps in 2025, then jumped 43 bps in 2026.
- McGraw Hill's Gross Margin stood at 84.33% in 2024, then advanced by 1 bps to 85.29% in 2025, then declined by 2 bps to 83.86% in 2026.
- Business Quant data shows MH's Gross Margin at 83.86% in Q1 2026, 85.29% in Q4 2025, and 79.22% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 53.10% |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | 73.66% |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 38.59% |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 59.66% |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 56.77% |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 77.29% |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 34.16% |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 83.86% |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 52.92% |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | 44.68% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 83.86% |
| Dec 31, 2025 | 85.29% |
| Sep 30, 2025 | 79.22% |
| Jun 30, 2025 | 76.97% |
| Mar 31, 2025 | 83.44% |
| Dec 31, 2024 | 84.33% |
| Sep 30, 2024 | 77.73% |
| Jun 30, 2024 | 76.04% |