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| 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% |