What are Graham Holdings's profit margins?

Gross margin is 29.7% and operating margin is 4.9%, with a 6.0% net margin.

Where does Graham Holdings's income statement data come from?

Every line is extracted from Graham Holdings's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Graham Holdings GHC Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$4.98B+3.7%	$4.91B+2.5%	$4.91B+4.1%	$4.83B+4.7%	$4.8B+5.9%
Total cost of revenue	——	——	——	——	——
Impairment charges	$31.36M-37.0%	$12.34M-75.2%	$25.77M-2.0%	$23.54M-81.1%	$49.82M-49.3%
Total costs & expenses	$4.74B+3.5%	$4.68B+2.2%	$4.65B+2.6%	$4.56B-0.2%	$4.58B+2.6%
Operating income	$245.31M+7.8%	$234.95M+9.0%	$259.86M+41.4%	$274.38M+509%	$227.54M+195%
Operating margin	4.9%+0.2pp	4.8%+0.3pp	5.3%+1.4pp	5.7%+4.7pp	4.7%+3.0pp
Interest expense	$52.74M-78.8%	$118.79M-36.2%	$167.09M+3.1%	$175.82M+18.8%	$249.1M+265%
Interest income	$8.23M-19.2%	$8.26M-16.3%	$9.53M+6.4%	$10.34M+19.4%	$10.19M+25.9%
Other income (expense), net	-$16.88M-347%	-$20.51M-264%	-$10.94M—	-$11.41M—	$6.83M—
Income from equity method investments	$59.67M—	$16.39M—	——	——	——
Net investment gains (losses)	$87.45M-27.7%	$200.17M+10.4%	$144.05M-19.5%	$89.77M-45.7%	$120.94M-46.1%
Income before income taxes	$456.7M-48.7%	$449.67M-56.1%	$1.03B+205%	$964.84M+349%	$889.49M+125%
Income tax expense	$148.4M-42.1%	$146.4M-49.9%	$290.9M+182%	$272.6M+269%	$256.5M+130%
Net income	$297.5M-52.3%	$292.29M-59.7%	$732.36M+220%	$681.94M+411%	$624.15M+125%
Net margin	6%-7.0pp	6%-9.2pp	14.9%+10.1pp	14.1%+11.2pp	13%+6.9pp
Diluted earnings per share	$67.60-52.1%	$66.43-59.3%	$165.62+224%	$154.13+420%	$140.99+134%
Basic earnings per share	$68.26-52.0%	$67.08-59.2%	$167.00+225%	$155.35+421%	$142.13+135%
Weighted-average shares, diluted	17.5M-0.3%	17.5M-0.9%	17.5M-2.1%	17.5M-3.3%	17.5M-4.8%
Weighted-average shares, basic	17.3M-0.7%	17.3M-1.4%	17.4M-2.6%	17.4M-3.9%	17.4M-5.1%
Amortization of capitalized software and acquired intangible assets	$30.27M-11.5%	$32.04M-13.7%	$32.68M-18.8%	$31.38M-28.0%	$34.19M-27.0%
Depreciation	$78.21M-8.1%	$80.37M-7.7%	$80.52M-9.3%	$82.55M-7.9%	$85.07M-3.9%
Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component	-$124M+84.2%	-$127.54M+84.0%	-$783.84M-452%	-$791.1M-468%	-$787.15M-445%
Other income, net (Note 6)	-$16.88M-347%	-$20.51M-264%	-$10.94M—	-$11.41M—	$6.83M—
Revenue From Contract With Customer Excluding Assessed Tax	$4.98B+3.7%	$4.91B+2.5%	$4.91B+4.1%	$4.83B+4.7%	$4.8B+5.9%
Selling, general and administrative	$1.12B+3.1%	$1.11B+3.1%	$1.1B+2.8%	$1.09B+3.6%	$1.08B+5.3%
EBIT	$245.31M+7.8%	$234.95M+9.0%	$259.86M+41.4%	$274.38M+509%	$227.54M+195%
EBITDA	$353.78M+2.0%	$347.35M+2.3%	$373.06M+19.3%	$388.3M+118%	$346.8M+63.1%
EBITDA	$353.78M+2.0%	$347.35M+2.3%	$373.06M+19.3%	$388.3M+118%	$346.8M+63.1%
EBITDA margin	7.1%-0.1pp	7.1%0.0pp	7.6%+1.0pp	8%+4.2pp	7.2%+2.5pp
EBIT	$245.31M+7.8%	$234.95M+9.0%	$259.86M+41.4%	$274.38M+509%	$227.54M+195%

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

What are Graham Holdings's profit margins?: Gross margin is 29.7% and operating margin is 4.9%, with a 6.0% net margin.
Where does Graham Holdings's income statement data come from?: Every line is extracted from Graham Holdings's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.