McGraw Hill (MH) Operating Expenses (2024 - 2026)

McGraw Hill's (MH) quarterly Operating Expenses came in at $395.2 million in Q1 2026, up 7.67% YoY 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.

  • For the quarter ending Q1 2026, Operating Expenses rose 7.67% year-over-year to $395.2 million; the trailing twelve-month figure through Mar 2026 stood at $1.4 billion (up 3.84% YoY), and the FY2026 full-year result was $1.4 billion, up 3.84% from the prior year.
  • Operating Expenses was $395.2 million for Q1 2026 at McGraw Hill, up from $339.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for MH reached as high as $395.2 million in Q1 2026 and fell as low as $316.1 million in Q2 2025.
  • Median Operating Expenses over the past 3 years was $348.0 million (2024), compared with a mean of $349.6 million.
  • Across the five-year window, Operating Expenses fell 1.8% in 2025 and gained 7.67% in 2026, its largest moves.
  • Over 3 years, 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 51Talk Online Education 7.03 Bn 6.99 Bn 22.18 Mn -27.37 Mn
2 Laureate Education 5.22 Bn 5.06 Bn -16.39 Mn 11.13 Mn
3 Graham Holdings 5.09 Bn 4.08 Bn 841.00 Mn 1.18 Bn
4 Covista 4.40 Bn 4.40 Bn 276.31 Mn 395.69 Mn
5 Stride 4.17 Bn 3.36 Bn 231.57 Mn 102.49 Mn
6 Grand Canyon Education 3.94 Bn 3.69 Bn 244.77 Mn 213.30 Mn
7 McGraw Hill 2.19 Bn 1.94 Bn 388.89 Mn 395.25 Mn
8 Universal Technical Institute 2.14 Bn 1.97 Bn 103.97 Mn 221.06 Mn
9 Perdoceo Education 2.13 Bn 1.45 Bn 174.68 Mn 158.62 Mn
10 Strategic Education 1.69 Bn 1.53 Bn - 154.77 Mn

Historic Data

Download Data
DateValue
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