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Graham Holdings GHC Operating Income

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Other financials

Income statement

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Revenue$1.3B+7.1%
Gross profit$340.5M-2.3%
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:OperatingIncomeLoss.

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
Amortization of intangible assets5,9787,24112,03315,065
Impairment of goodwill and asset group held for sale19,029
1,218,8721,143,0212,397,0312,261,463
Income from Operations83,63472,751141,467120,224
Equity in (losses) earnings of affiliates, net(19,863)3,11414,987(5,314)
Interest income1,8812,2614,3564,761
Interest expense(17,173)(18,106)(33,402)(100,383)
Non-operating pension and postretirement benefit income, net169,64928,602200,72263,219

Item 1. Financial Statements.

FAQ

What is Graham Holdings's operating income?
Graham Holdings (GHC) reported operating income of $83.63M in Q2 2026.
How has Graham Holdings's operating income changed year-over-year?
Graham Holdings's operating income increased by 15.0% year-over-year, from $72.75M to $83.63M.
What is the long-term trend for Graham Holdings's operating income?
Over 4 years (2021 to 2025), Graham Holdings's operating income has grown at a 32.0% compound annual growth rate (CAGR), from $77.38M to $234.95M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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