McGraw Hill, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 |
|---|---|---|---|
| Revenue | $2.10B | $2.10B | $1.96B |
| Cost of Revenue | $401.1M | $422.3M | $420.3M |
| Gross Profit | $1.70B | $1.68B | $1.54B |
| Gross Margin | 80.9% | 79.9% | 78.6% |
| Operating Expenses | |||
| Research & Development | $276.3M | $284.4M | $263.4M |
| SG&A Expense | $369.0M | $345.2M | $331.7M |
| Operating Income | $276.8M | $306.8M | $155.3M |
| Operating Margin | 13.2% | 14.6% | 7.9% |
| Interest Expense | — | — | — |
| Pretax Income | $43.8M | $10.6M | $-167.7M |
| Income Tax Expense | $8.5M | $96.5M | $25.3M |
| Net Income | $35.3M | $-85.8M | $-193.0M |
| Net Margin | 1.7% | -4.1% | -9.8% |
| EPS (Basic) | $0.19 | $-0.52 | $-1.16 |
| EPS (Diluted) | $0.19 | $-0.52 | $-1.16 |
| Shares Outstanding (Basic) | 183.5M | 166.6M | 166.6M |
| Shares Outstanding (Diluted) | 183.7M | 166.6M | 166.6M |
| Dividends Per Share | — | — | — |