McGraw Hill (MH) Operating Expenses (2024 - 2026)
McGraw Hill (MH) posted quarterly Operating Expenses of $395.2 million for Q1 2026, up 7.67% year-over-year from $367.1 million in Q1 2025, and up 16.28% quarter-over-quarter from $339.9 million in Q4 2025.
McGraw Hill (MH) Operating Expenses (2024 - 2026) Analysis & Trends
McGraw Hill's Operating Expenses history runs 3 years deep, the most recent figure standing at $395.2 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 7.67% year-over-year to $395.2 million; the TTM figure through Mar 2026 stood at $1.4 billion (up 3.84% YoY), while the FY2026 annual figure was $1.4 billion, up 3.84% from the prior year.
- Operating Expenses for Q1 2026 stood at $395.2 million, up from $339.9 million in the prior quarter.
- The five-year high for Operating Expenses was $395.2 million in Q1 2026, with the low at $316.1 million in Q2 2025.
- The 3-year median for Operating Expenses is $348.0 million (2024), against an average of $349.6 million.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses decreased 1.8% in 2025, then climbed 7.67% in 2026.
- McGraw Hill's Operating Expenses stood at $327.1 million in 2024, then climbed by 3.93% to $339.9 million in 2025, then climbed by 16.28% to $395.2 million in 2026.
- Business Quant data shows MH's Operating Expenses at $395.2 million in Q1 2026, $339.9 million in Q4 2025, and $373.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 1.44 Bn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -24.40 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 14.24 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 1.22 Bn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 405.94 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 205.89 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 111.43 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 395.25 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 243.19 Mn |
| 10 | Youdao | 2.08 Bn | 2.00 Bn | 87.31 Mn | -78.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 395.25 Mn |
| Dec 31, 2025 | 339.93 Mn |
| Sep 30, 2025 | 373.59 Mn |
| Jun 30, 2025 | 316.10 Mn |
| Mar 31, 2025 | 367.10 Mn |
| Dec 31, 2024 | 327.08 Mn |
| Sep 30, 2024 | 356.14 Mn |
| Jun 30, 2024 | 321.88 Mn |