McGraw Hill (MH) Gross Margin (2024 - 2026)

McGraw Hill's (MH) quarterly Gross Margin came in at 83.86% in Q1 2026, up 43.0% YoY 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.

  • For the quarter ending Q1 2026, Gross Margin rose 43.0% year-over-year to 83.86%; the trailing twelve-month figure through Mar 2026 stood at 80.92% (up 102.0% YoY), and the FY2026 full-year result was 80.92%, up 102.0% from the prior year.
  • Gross Margin was 83.86% for Q1 2026 at McGraw Hill, down from 85.29% in the prior quarter.
  • Over the last five years, Gross Margin for MH reached as high as 85.29% in Q4 2025 and fell as low as 76.04% in Q2 2024.
  • Median Gross Margin over the past 3 years was 81.33% (2025), compared with a mean of 80.86%.
  • Across the five-year window, Gross Margin jumped 149 bps in 2025 and surged 43 bps in 2026, its largest moves.
  • Over 3 years, 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 51Talk Online Education 7.03 Bn 6.99 Bn 22.18 Mn 72.43%
2 Laureate Education 5.22 Bn 5.06 Bn -16.39 Mn -6.01%
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn 68.04%
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn 56.73%
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn 36.76%
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn 79.28%
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn 83.86%
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn 46.96%
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 78.77%
10 Strategic Education 1.69 Bn 1.53 Bn - -

Historic Data

Download Data
DateValue
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%