# Graham Holdings Co: overview

GHC · NYSE · CIK 104889 · [Other](/sectors/other.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ghc.md) · [Financials](/companies/ghc/financials.md) · [Filings](/companies/ghc/filings.md) · [Insiders](/companies/ghc/insiders.md)

Latest reported revenue: [$1.33bn](/filings/0001628280-26-068026.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-068026).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | period not labelled (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,246 d](/filings/0001628280-26-011405.md) | [1,166](/filings/0000104889-25-000032.md) | [1,216](/filings/0001628280-26-050826.md) | [1,279](/filings/0001628280-26-068026.md) | [1,251 d](/filings/0001628280-26-011405.md) | not reported | [1,303](/filings/0001628280-26-050826.md) | [1,326](/filings/0001628280-26-068026.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [5.8% d](/filings/0001628280-26-011405.md) | [4.1%](/filings/0000104889-25-000032.md) | [6.0%](/filings/0001628280-26-050826.md) | [5.2%](/filings/0001628280-26-068026.md) | [3.8% d](/filings/0001628280-26-011405.md) | not reported | [6.4%](/filings/0001628280-26-050826.md) | [6.4%](/filings/0001628280-26-068026.md) |
| Net margin | % | [44.1% d](/filings/0001628280-26-011405.md) | [2.0%](/filings/0000104889-25-000032.md) | [3.0%](/filings/0001628280-26-050826.md) | [9.6%](/filings/0001628280-26-068026.md) | [8.7% d](/filings/0001628280-26-011405.md) | not reported | [21.6%](/filings/0001628280-26-050826.md) | [5.7%](/filings/0001628280-26-068026.md) |
| Diluted EPS | $ per share | not reported | [5.45](/filings/0000104889-25-000032.md) | [8.35](/filings/0001628280-26-050826.md) | [27.91](/filings/0001628280-26-068026.md) | not reported | not reported | [64.86](/filings/0001628280-26-050826.md) | [17.60](/filings/0001628280-26-068026.md) |
| Free cash flow | $m | [91.1 d](/filings/0001628280-26-011405.md) | [30.5](/filings/0000104889-25-000032.md) | [78.0 d](/filings/0001628280-26-050826.md) | [162 d](/filings/0001628280-26-068026.md) | [5.0 d](/filings/0001628280-26-011405.md) | not reported | not reported | [135 d](/filings/0001628280-26-068026.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [3,186](/filings/0000104889-24-000010.md) | [3,924](/filings/0000104889-25-000022.md) | [4,415](/filings/0001628280-26-011405.md) | [4,791](/filings/0001628280-26-011405.md) | [4,912](/filings/0001628280-26-011405.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [2.4%](/filings/0000104889-24-000010.md) | [2.1%](/filings/0000104889-25-000022.md) | [1.6%](/filings/0001628280-26-011405.md) | [4.5%](/filings/0001628280-26-011405.md) | [4.8%](/filings/0001628280-26-011405.md) |
| Net margin | % | [11.1%](/filings/0000104889-24-000010.md) | [1.7%](/filings/0000104889-25-000022.md) | [4.6%](/filings/0001628280-26-011405.md) | [15.1%](/filings/0001628280-26-011405.md) | [6.0%](/filings/0001628280-26-011405.md) |
| Diluted EPS | $ per share | [70.45](/filings/0000104889-24-000010.md) | [13.79](/filings/0000104889-25-000022.md) | [43.82](/filings/0001628280-26-011405.md) | [163.40](/filings/0001628280-26-011405.md) | [66.47](/filings/0001628280-26-011405.md) |
| Free cash flow | $m | [39.9](/filings/0000104889-24-000010.md) | [153](/filings/0000104889-25-000022.md) | [166](/filings/0001628280-26-011405.md) | [324](/filings/0001628280-26-011405.md) | [275](/filings/0001628280-26-011405.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ghc/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $485.4m | 425,251 |  | Added +9,614 |
| [Madison Avenue Partners, LP](/funds/1801265.md) | 2026-06-30 | $281.2m | 246,368 |  | Added +539 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $270.5m | 236,999 |  | Added +1,956 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $199.5m | 174,802 |  | Added +865 |
| [Wallace Capital Management Inc.](/funds/1459754.md) | 2026-06-30 | $178.5m | 156,376 |  | Added +1,305 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $165.0m | 144,585 |  | Reduced −1,045 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $145.9m | 127,799 |  | Added +3,244 |
| [FIRST TRUST ADVISORS LP](/funds/1125816.md) | 2026-06-30 | $105.5m | 92,463 |  | Reduced −42 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $103.9m | 90,982 |  | Added +3,215 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $102.9m | 90,131 |  | Reduced −2,110 |

## Recent filings

[All 808 filings](/companies/ghc/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 08:31 ET | [8-K](/filings/0001628280-26-068048.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-068048 |
| 2026-10-29 | 08:17 ET | [10-Q](/filings/0001628280-26-068026.md) | Quarterly report, period 2026-09-30 | 0001628280-26-068026 |
| 2026-08-05 | 17:00 ET | [8-K](/filings/0001628280-26-053479.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001628280-26-053479 |
| 2026-07-30 | 08:31 ET | [8-K](/filings/0001628280-26-050829.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-050829 |
| 2026-07-30 | 08:25 ET | [10-Q](/filings/0001628280-26-050826.md) | Quarterly report, period 2026-06-30 | 0001628280-26-050826 |
| 2026-05-05 | 16:46 ET | [8-K](/filings/0001628280-26-030685.md) | 5.07 Shareholder vote results | 0001628280-26-030685 |
| 2026-05-01 | 16:30 ET | [8-K](/filings/0001628280-26-029369.md) | 8.01 Other events | 0001628280-26-029369 |
| 2026-04-30 | 08:31 ET | [8-K](/filings/0001628280-26-028610.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001628280-26-028610 |
| 2026-04-30 | 08:22 ET | [10-Q](/filings/0001628280-26-028607.md) | Quarterly report, period 2026-03-31 | 0001628280-26-028607 |
| 2026-03-24 | 08:30 ET | [DEF 14A](/filings/0001193125-26-120813.md) | Proxy statement, period 2026-05-05 | 0001193125-26-120813 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-011405.md), filed Feb 25, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, has been scored from the reported figures. [See the target](/leagues/2026q3/targets/50c1c8c0-5f91-4d59-be71-aef42cd6cdfc)

## About the filer

- CIK: 104889
- Tickers: GHC
- Exchange: NYSE
- SIC code: 8200 Services-Educational Services
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 08:37 ET. No prices; not investment advice.