McGraw Hill (MH) Operating Expenses (2024 - 2026)
McGraw Hill (MH) posted Operating Expenses of $324.9 million for Q2 2026, down 17.79% on a QoQ basis from $395.2 million in Q1 2026, and up 2.79% year-over-year from $316.1 million in Q2 2025.
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Analysis
McGraw Hill (MH) Operating Expenses (2024 - 2026) Analysis & Trends
McGraw Hill has reported Operating Expenses for 3 years, with the latest figure at $324.9 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 2.79% year-over-year to $324.9 million in Q2 2026; TTM through Jun 2026 was $1.4 billion, a 4.92% increase from a year earlier, with the FY2026 full-year figure at $1.4 billion, up 3.84% from the prior year.
- Operating Expenses was $324.9 million for Q2 2026 at McGraw Hill, down from $395.2 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.
- Average Operating Expenses over 3 years is $346.9 million, with a median of $339.9 million recorded in 2025.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses dropped 1.8% in 2025, then increased 7.67% in 2026.
- Over 3 years, Operating Expenses stood at $327.1 million in 2024, then increased by 3.93% to $339.9 million in 2025, then dropped by 4.42% to $324.9 million in 2026.
- The last three Operating Expenses figures came in at $324.9 million (Q2 2026), $395.2 million (Q1 2026), and $339.9 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Warner Bros. Discovery | 77.15 Bn | 74.93 Bn | 4.10 Bn | 8.48 Bn |
| 2 | Fox | 24.55 Bn | 20.44 Bn | - | 2.38 Bn |
| 3 | Omnicom | 20.71 Bn | 17.98 Bn | 1.30 Bn | 5.64 Bn |
| 4 | News | 17.37 Bn | 15.99 Bn | - | 991.00 Mn |
| 5 | Paramount Skydance | 11.04 Bn | 8.96 Bn | -2.08 Bn | -4.64 Bn |
| 6 | Pearson | 10.10 Bn | 9.51 Bn | 1.17 Bn | -857.96 Mn |
| 7 | New York Times | 9.93 Bn | 9.27 Bn | 394.61 Mn | 644.44 Mn |
| 8 | Sirius Xm Holdings | 8.86 Bn | 8.68 Bn | 1.44 Bn | 1.69 Bn |
| 9 | 36Kr Holdings | 6.17 Bn | 6.15 Bn | - | - |
| 10 | McGraw Hill | 2.63 Bn | 2.43 Bn | 439.20 Mn | 324.92 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 324.92 Mn |
| 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 |
API Access
McGraw Hill Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=MH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();