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Graham Holdings GHC Services — Operating Revenues

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Other financials

Income statement

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Revenue$1.3B+7.1%
Gross profit$340.5M-2.3%
Operating income$83.6M+15.0%
Net income$281.1M+665%
EPS (diluted)$64.86+677%

Balance sheet

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Cash & equivalents$208.1M-9.3%
Total debt$1.5B-12.8%
Total equity$4.8B+9.4%
Total assets$8.1B+6.9%

Cash flow

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Operating cash flow$52.7M-44.4%
CapEx$20.1M+19.4%
Free cash flow$32.6M-58.2%

Valuation

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Market cap$5.06B+20.2%
Enterprise value$6.38B+11.3%
P/E9.3×+3.2×
P/S+0.1×

Profitability

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Gross margin29.7%-2.6pp
Operating margin5.1%-0.6pp
Net margin10.7%-3.4pp
FCF margin4.9%-3.8pp

Returns & leverage

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Return on equity11.9%-4.5pp
Debt / equity0.3×-0.1×
Current ratio1.9×+0.6×

Where this comes from

Reported directly by Graham Holdings in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Graham Holdings’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 8:25 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050826
(in thousands, except per share amounts)Three Months Ended June 30 / 2026Three Months Ended June 30 / 2025Six Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Operating Revenues
Sales of services$664,565$668,627$1,338,364$1,316,134
Sales of goods637,941547,1451,200,1341,065,553
1,302,5061,215,7722,538,4982,381,687
Operating Costs and Expenses
Cost of services sold (exclusive of items shown below)384,996389,316779,989775,452
Cost of goods sold (exclusive of items shown below)525,479450,122987,686883,344
Selling, general and administrative284,138276,690561,619547,396

Item 1. Financial Statements.

FAQ

What is Graham Holdings's services — operating revenues?
Graham Holdings (GHC) reported services — operating revenues of $664.57M in Q2 2026.
How has Graham Holdings's services — operating revenues changed year-over-year?
Graham Holdings's services — operating revenues decreased by 0.6% year-over-year, from $668.63M to $664.57M.
What is the long-term trend for Graham Holdings's services — operating revenues?
Over 4 years (2021 to 2025), Graham Holdings's services — operating revenues has grown at a 6.3% compound annual growth rate (CAGR), from $2.09B to $2.66B.
What does services — operating revenues mean?
This metric represents the total gross revenue generated by the company's services-based business segments before the deduction of any operating expenses. It serves as a primary indicator of market demand and the scale of the company's service offerings across its diversified portfolio. Tracking this figure allows investors to assess the top-line growth trajectory and revenue contribution of the firm's service-oriented operations.

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