GRAHAM HOLDINGS CO
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.91B | $4.79B | $4.41B | $3.92B | $3.19B | $2.89B | $2.93B | $2.70B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $234.9M | $215.5M | $69.4M | $83.9M | $77.4M | $100.4M | $144.5M | $246.2M |
| Operating Margin | 4.8% | 4.5% | 1.6% | 2.1% | 2.4% | 3.5% | 4.9% | 9.1% |
| Interest Expense | — | — | $63.3M | $54.4M | $33.9M | $38.3M | $29.8M | $37.9M |
| Pretax Income | $449.7M | $1.02B | $299.0M | $121.7M | $449.6M | $407.3M | $426.5M | $323.5M |
| Income Tax Expense | $146.4M | $292.1M | $87.3M | $51.3M | $96.3M | $107.3M | $98.6M | $52.1M |
| Net Income | $292.3M | $724.6M | $205.3M | $67.1M | $352.1M | $300.4M | $327.9M | $271.2M |
| Net Margin | 6.0% | 15.1% | 4.6% | 1.7% | 11.1% | 10.4% | 11.2% | 10.1% |
| EPS (Basic) | $67.11 | $164.62 | $43.96 | $13.83 | $70.65 | $58.30 | $61.70 | $50.55 |
| EPS (Diluted) | $66.47 | $163.40 | $43.82 | $13.79 | $70.45 | $58.13 | $61.21 | $50.20 |
| Shares Outstanding (Basic) | 4.3M | 4.4M | 4.6M | 4.8M | 5.0M | 5.1M | 5.3M | 5.3M |
| Shares Outstanding (Diluted) | 4.4M | 4.4M | 4.7M | 4.8M | 5.0M | 5.1M | 5.3M | 5.4M |
| Dividends Per Share | $7.20 | $6.88 | $6.60 | $6.32 | $6.04 | $5.80 | $5.56 | $5.32 |