Graham Holdings Company Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,912	4,791	4,415	3,924	3,186
Revenue Growth (YoY)	2.52%	8.52%	12.50%	23.18%	10.27%
Cost of Revenue	3,442	3,325	3,103	2,658	2,115
Gross Profit	1,470	1,466	1,312	1,267	1,071
Selling, General & Admin	1,110	1,077	1,007	921.74	831.85
Depreciation & Amortization Expenses	112.41	124.17	136.1	132.15	129.29
Other Operating Expenses	12.34	49.82	99.07	128.99	32.94
Total Operating Expenses	1,235	1,251	1,243	1,183	994.08
Operating Income	234.95	215.5	69.39	83.9	77.38
Interest Income	24.65	6.57	1.94	0.39	21.32
Interest Expense	-118.79	-186.15	-63.3	-54.4	-33.94
Other Non-Operating Income (Expense)	308.86	988.79	290.97	91.85	384.87
Total Non-Operating Income (Expense)	214.72	809.21	229.61	37.84	372.25
Pretax Income	449.67	1,025	299	121.73	449.63
Provision for Income Taxes	146.4	292.1	87.3	51.3	96.3
Net Income	292.29	724.63	205.29	67.08	352.08
Minority Interest in Earnings	10.98	7.98	6.42	3.36	1.25
Net Income to Common	292.29	724.63	205.29	67.08	352.08
Net Income Growth	-59.66%	252.98%	206.04%	-80.95%	17.22%
Shares Outstanding (Basic)	4	4	5	5	5
Shares Outstanding (Diluted)	4	4	5	5	5
Shares Change (YoY)	-0.73%	-5.35%	-2.57%	-3.79%	-3.39%
EPS (Basic)	67.11	164.62	43.96	30.20	70.65
EPS (Diluted)	66.47	163.40	43.82	30.15	70.45
EPS Growth	-59.32%	272.89%	45.34%	-57.20%	21.19%
Free Cash Flow	275.3	324.08	166.43	152.92	39.89
Free Cash Flow Growth	-15.05%	94.72%	8.83%	283.36%	-71.72%
Free Cash Flow Per Share	62.96	73.57	35.76	32.01	8.03
Dividends Per Share	7.200	6.880	6.600	6.320	6.040
Dividend Growth	4.65%	4.24%	4.43%	4.64%	4.14%
Gross Margin	29.93%	30.61%	29.72%	32.28%	33.63%
Operating Margin	4.78%	4.50%	1.57%	2.14%	2.43%
Profit Margin	6.17%	15.29%	4.80%	1.79%	11.09%
FCF Margin	5.61%	6.76%	3.77%	3.90%	1.25%
EBITDA	419.44	452.74	372.3	412.6	313.35
EBITDA Margin	8.54%	9.45%	8.43%	10.51%	9.84%
EBIT	234.95	215.5	69.39	83.9	77.38
EBIT Margin	4.78%	4.50%	1.57%	2.14%	2.43%
Effective Tax Rate	32.56%	28.51%	29.20%	42.14%	21.42%

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q