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| 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 |