Automotive was Graham Holdings’s largest segment in fiscal 2025, bringing in $2.27B of $7.56B (30%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | — | — | — | — | ||||||||||||
| Education | $1.63B | $1.09B | $2.15B | $1.22B | ||||||||||||
| Healthcare | — | $918.96M | $1.22B | $1.63B | ||||||||||||
| Automotive | $1.47B | $2.16B | — | $2.27B | ||||||||||||
| Television Broadcasting | $1.07B | $944.87M | $1.07B | $850.21M | ||||||||||||
| Manufacturing | $973.29M | $895.82M | $791.28M | $872.56M | ||||||||||||
| Other Businesses & Corporate Office | — | $742.47M | $717.64M | $720.28M | ||||||||||||
| Other Businesses | $832.17M | — | — | — | ||||||||||||
| Other Segments | — | — | — | — | ||||||||||||
| Graham Healthcare Group | $652.00M | — | — | — | ||||||||||||
| Socialcode | — | — | — | — | ||||||||||||
| Total | $6.63B | $6.75B | $5.95B | $7.56B |
Graham Holdings brought in $7.56B from its six segments in fiscal 2025, the year ended December 31, 2025. That is less than the $9.82B it reports by product and service, so these segments do not cover all of its revenue. Automotive was the largest at $2.27B (30.0%), ahead of Healthcare at $1.63B (21.6%) and Education at $1.22B (16.1%). The other three segments brought in $2.44B combined.
Compared with fiscal 2024, Healthcare grew fastest, up 33.4% to $1.63B, while Education fell the most, down 43.3% to $1.22B. Some of that change comes from Graham Holdings regrouping its segments.
Graham Holdings began breaking out Healthcare in fiscal 2023 and Other Businesses & Corporate Office in fiscal 2023. Graham Holdings stopped reporting Other Businesses ($832.17M in fiscal 2022) and Graham Healthcare Group ($652.00M in fiscal 2022) as separate segments.
Services was Graham Holdings’s largest product and service line in fiscal 2025, bringing in $5.33B of $9.82B (54%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2020 | FY 2020 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Services | $4.66B | $4.97B | $5.39B | $5.33B | ||||||||||||
| Goods | $3.19B | $3.86B | $4.19B | $4.49B | ||||||||||||
| Kaplan International | — | — | — | — | ||||||||||||
| Higher Education | — | — | — | — | ||||||||||||
| Manufacturing | — | — | — | — | ||||||||||||
| Television Broadcasting | — | — | — | — | ||||||||||||
| Test Preparation | — | — | — | — | ||||||||||||
| Health Care | — | — | — | — | ||||||||||||
| Professional (U.S.) | — | — | — | — | ||||||||||||
| Socialcode | — | — | — | — | ||||||||||||
| Other Businesses | — | — | — | — | ||||||||||||
| Kaplan Corporate & Other | — | — | — | — | ||||||||||||
| Education Intersegment Eliminations | — | — | — | — | ||||||||||||
| Total | $7.85B | $8.83B | $9.58B | $9.82B |
Graham Holdings brought in $9.82B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 2.5% from $9.58B in fiscal 2024. Services was the largest at $5.33B (54.3%), ahead of Goods at $4.49B (45.7%).
Compared with fiscal 2024, Goods grew 7.3% to $4.49B, while Services fell 1.2% to $5.33B. From fiscal 2022 to 2025, combined revenue from these lines grew from $7.85B to $9.82B, a compound annual growth rate of 7.8%. Services' share of the total fell from 59.3% to 54.3%.
Graham Holdings (GHC) reports its revenue by segment and by product and service. In fiscal 2025, Automotive was its largest segment, bringing in $2.27B (30.0% of the total), followed by Healthcare at $1.63B (21.6%).
Automotive was Graham Holdings' largest segment in fiscal 2025, bringing in $2.27B, or 30.0% of the $7.56B total across its six segments.
Services was Graham Holdings' largest product and service line in fiscal 2025, bringing in $5.33B, or 54.3% of the $9.82B total across its two product and service lines.
Goods grew faster than Services in fiscal 2025, up 7.3% from $4.19B to $4.49B. Services fell 1.2% to $5.33B.
Every figure comes from Graham Holdings' annual financial filings, as reported. Each line keeps the name Graham Holdings gives it, and years follow its fiscal calendar.
Graham Holdings' revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.