MH on NYSE

McGraw Hill, Inc.

McGraw Hill is a leading global provider of education solutions for K-12, higher education and professional learning markets.5 From its latest annual report

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Last updated Oct 19, 2026.

Overview

$2.1BRevenue, fiscal 20263
$35.3MNet income, fiscal 20263

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  • TickerMH on NYSE2
  • IndustryMiscellaneous Publishing2
  • HeadquartersEast Windsor, United States2
  • Incorporated inDE4
  • Business addressC/O Platinum Equity Advisors, Llc, 360 N. Crescent Drive, South Building, Beverly Hills, Ca 902104
  • Filer categoryNon-accelerated filer4
  • Legal formCOMPANY2
  • LEI549300ZPDM0WYNSCLI932
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address120 Windsor Center Dr, 08520 East Windsor, United States2
  • Registered withNational Credit Union Administration, 8612

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McGraw Hill is a leading global provider of education solutions for K-12, higher education and professional learning markets. We are helping shape the education industry by providing access to effective learning experiences that improve outcomes and opportunities for all.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

80.9%Gross margin3
13.2%Operating margin3
1.7%Net margin3
0.1%Revenue growth, 20263
4.9%Return on equity3
3.53×Debt to equity3
$246.3MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Re-occurring Revenue brought in 36% of the revenue McGraw Hill, Inc. broke down this way in fiscal 2026.

  1. Re-occurring Revenue$1.5B336%up 6% from 2025
  2. Digital$1.4B334%up 5% from 2025
  3. Print$669.1M316%down 10% from 2025
  4. Transactional Revenue$561.8M313%down 13% from 2025
  5. Shipping and Handling$19.7M30%down 18% from 2025
Products and services by year
Products and services202420252026
Re-occurring Revenue$1.3B$1.5B$1.5B
Digital$1.3B$1.4B$1.4B
Print$705.1M$742.0M$669.1M
Transactional Revenue$645.9M$644.5M$561.8M
Shipping and Handling$20.7M$24.1M$19.7M

Business segments

K-12 brought in 42% of the revenue McGraw Hill, Inc. broke down this way in fiscal 2026.

  1. K-12$884.5M342%down 9% from 2025
  2. Higher Education$879.0M342%up 12% from 2025
  3. International$186.7M39%down 7% from 2025
  4. Global Professional$150.1M37%up 0% from 2025
Business segments by year
Business segments202420252026
K-12$904.9M$970.5M$884.5M
Higher Education$702.2M$782.6M$879.0M
International$200.5M$201.4M$186.7M
Global Professional$153.1M$149.6M$150.1M

Regions

United States brought in 91% of the revenue McGraw Hill, Inc. broke down this way in fiscal 2026.

  1. United States$1.9B391%up 1% from 2025
  2. Outside the United States$191.1M39%down 7% from 2025
Regions by year
Regions202420252026
United States$1.8B$1.9B$1.9B
Outside the United States$205.7M$204.8M$191.1M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Research and development13¢$276.3M
  • Other costs85¢$1.8B
  • Income tax0¢$8.5M
  • Profit2¢$35.3M

Out of $2.1B in revenue.3

Where each dollar of operating cash went, fiscal 2026

  • Capital spending26¢$84.9M
  • Kept or used elsewhere74¢$246.3M

Out of $331.2M of cash from operations.3

Financial statements

Revenue3$2.1B in 2026+7% since 2024
0$1.0B$2.0B$3.0B2024: $2.0B$2.0B20242025: $2.1B$2.1B2025+7%2026: $2.1B$2.1B2026+0%
Gross profit3$1.7B in 2026+10% since 2024
0$500.0M$1.0B$1.5B$2.0B2024: $1.5B$1.5B20242025: $1.7B$1.7B2025+9%2026: $1.7B$1.7B2026+1%
Operating income3$276.8M in 2026+78% since 2024
0$100.0M$200.0M$300.0M$400.0M2024: $155.3M$155.3M20242025: $306.8M$306.8M2025+98%2026: $276.8M$276.8M2026−10%
Net income3$35.3M in 2026
-$200.0M-$100.0M0$100.0M2024: -$193.0M-$193.0M20242025: -$85.8M-$85.8M2025−56%2026: $35.3M$35.3M2026

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2026-03-312025-03-312024-03-31
Revenue$2.1B$2.1B$2.0B
Cost of sales (excluding depreciation and amortization)$401.1M$422.3M$420.3M
Gross profit$1.7B$1.7B$1.5B
Operating and administrative expenses$1.1B$1.1B$1.0B
Depreciation$25.1M$66.7M$27.2M
Amortization of intangibles$223.6M$239.0M$254.9M
Impairment charge$39.0M$0$49.5M
Total operating expenses$1.4B$1.4B$1.4B
Operating income (loss)$276.8M$306.8M$155.3M
Interest expense (income), net$207.2M$293.4M$326.4M
(Gain) loss on extinguishment of debt$25.8M$2.7M-$3.4M
Income (loss) from operations before taxes$43.8M$10.6M-$167.7M
Income tax provision (benefit)$8.5M$96.5M$25.3M
Net income (loss)$35.3M-$85.8M-$193.0M
Basic (in dollars per share)$0.19-$0.52-$1.16
Diluted (in dollars per share)$0.19-$0.52-$1.16
Basic (in shares)183.5M shares166.6M shares166.6M shares
Diluted (in shares)183.7M shares166.6M shares166.6M shares

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Leadership

Who has led McGraw Hill, Inc., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Robert Sallmann2025–now
Board members and other officers (16)

Filings

104 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 14 major events, 40 insider forms, 1 large holders, 44 other. The latest 20:

  1. Oct 9, 20268-K EDGAR
  2. Sep 25, 20268-K EDGAR
  3. Aug 13, 202610-Q EDGAR
  4. Aug 13, 20268-K EDGAR
  5. Aug 13, 20264 EDGAR
  6. Aug 13, 20264 EDGAR
  7. Aug 13, 20264 EDGAR
  8. Aug 13, 20264 EDGAR
  9. Aug 5, 2026EFFECT EDGAR
  10. Aug 3, 2026S-3/A EDGAR
  11. Jul 24, 2026S-3 EDGAR
  12. Jun 25, 2026DEFA14A EDGAR
  13. Jun 25, 2026DEF 14A EDGAR
  14. Jun 25, 2026ARS EDGAR
  15. Jun 16, 20264 EDGAR
  16. Jun 11, 202610-K EDGAR
  17. Jun 11, 20268-K EDGAR
  18. Apr 2, 20264 EDGAR
  19. Apr 2, 20264 EDGAR
  20. Apr 2, 20264 EDGAR

The 104 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

7 open-market trades by officers, directors and large owners since October 2021: 7 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 15, 2026Moyer Philip DSee RemarksBuy22,421$11.12$249.3KForm 4
Feb 17, 2026REINEMUND STEVENDirectorBuy58,000$13.70$794.6KForm 4
Nov 14, 2025REINEMUND STEVENDirectorBuy15,710$15.03$236.1KForm 4
Jul 25, 2025Cortese DavidEVP & CDIOBuy2,500$17.00$42.5KForm 4
Jul 25, 2025Tiska TraceyEVP & CHROBuy4,000$17.00$68.0KForm 4
Jul 25, 2025Sallmann RobertEVP & CFOBuy3,000$17.00$51.0KForm 4
Jul 25, 2025Sigler Mary AnnDirectorBuy7,500$17.00$127.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Platinum Equity Advisors, LLC/DE165,160,216$1.3B14.6%No change
American Century Companies Inc4,477,614$42.4M0.0%+299,900
BlackBarn Capital Partners LP2,450,000$23.2M5.8%+361,508
BlackRock, Inc.1,741,124$16.5M0.0%−98,415
Jpmorgan Chase & Co1,668,132$15.5M0.0%+170,476
Alyeska Investment Group, L.P.1,508,691$14.3M0.0%−229,693
Schroder Investment Management Group1,334,848$12.4M0.0%+446,937
Vanguard Portfolio Management LLC1,244,483$11.8M0.0%−75,331
Vanguard Capital Management LLC1,221,450$11.6M0.0%+7,967
Arrowstreet Capital, Limited Partnership1,125,151$10.7M0.0%+655,652
Geode Capital Management, LLC599,608$5.7M0.0%−26,011
State Street Corp552,369$5.2M0.0%+14,376
Citadel Advisors LLC544,595$5.2M0.0%+334,116
Barclays PLC502,081$4.8M0.0%+175,368
Healthcare Of Ontario Pension Plan Trust Fund475,000$4.5M0.0%−475,000
Jane Street Group, LLC462,142$4.4M0.0%New
Bnp Paribas Financial Markets422,974$4.0M0.0%−20,581
Point72 Asset Management, L.P.364,982$3.5M0.0%+206,801
Goldman Sachs Group Inc357,044$3.4M0.0%+146,827
Bank Of America Corp /de/353,541$3.3M0.0%−34,714
Peregrine Capital Management LLC351,658$3.3M0.1%+52,518
Millennium Management LLC315,499$3.0M0.0%+101,326
Franklin Resources Inc306,908$2.9M0.0%+174,556
Northern Trust Corp262,615$2.5M0.0%+50,602
Morgan Stanley254,954$2.4M0.0%+6,585

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

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