McGraw Hill Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	2,112	2,101	1,960	1,948	1,790	1,545
Revenue Growth (YoY)	3.17%	7.18%	0.65%	8.80%	15.89%	-2.53%
Cost of Revenue	404.7	422.29	420.33	464.56	369.06	336.54
Gross Profit	1,708	1,679	1,540	1,483	1,421	1,208
Selling, General & Admin	1,073	1,039	986.67	1,002	1,016	809.08
Amortization of Goodwill & Intangibles	227.49	239.01	254.94	270.19	196.43	58.83
Operating Expenses	1,379	1,345	1,295	1,317	1,256	929.11
Operating Income	328.58	334.42	245.55	166.54	165.35	279.06
Interest Expense	-225.62	-293.45	-326.44	-278.22	-216.61	-193.32
Other Non Operating Income (Expenses)	-	-	-	-	3.5	-
EBT Excluding Unusual Items	102.97	40.97	-80.89	-111.68	-47.76	85.74
Merger & Restructuring Charges	-17.67	-27.61	-40.75	-42.71	-111.23	-29.55
Impairment of Goodwill	-	-	-40.5	-258	-	-
Asset Writedown	-	-	-9	-54	-405	-
Legal Settlements	-	-	-	8	-	-
Other Unusual Items	-24.54	-2.72	3.42	4.55	-75.8	2.77
Pretax Income	60.75	10.64	-167.73	-453.84	-639.79	58.96
Income Tax Expense	132.03	96.48	25.29	-49.73	-20.42	14.21
Earnings From Continuing Operations	-71.28	-85.84	-193.02	-404.1	-619.38	44.75
Net Income	-71.28	-85.84	-193.02	-404.1	-619.38	44.75
Net Income to Common	-71.28	-85.84	-193.02	-404.1	-619.38	44.75
Shares Outstanding (Basic)	177	167	167	167	114	12
Shares Outstanding (Diluted)	177	167	167	167	114	12
Shares Change (YoY)	6.47%	-	0.02%	45.82%	883.49%	1.00%
EPS (Basic)	-0.40	-0.52	-1.16	-2.43	-5.42	3.86
EPS (Diluted)	-0.41	-0.52	-1.16	-2.43	-5.42	3.86
Free Cash Flow	346.63	575.22	154.2	186.58	175.04	363.45
Free Cash Flow Per Share	1.95	3.45	0.93	1.12	1.53	31.29
Gross Margin	80.84%	79.90%	78.56%	76.15%	79.38%	78.21%
Operating Margin	15.56%	15.92%	12.53%	8.55%	9.24%	18.07%
Profit Margin	-3.37%	-4.08%	-9.85%	-20.75%	-34.60%	2.90%
Free Cash Flow Margin	16.41%	27.38%	7.87%	9.58%	9.78%	23.53%
EBITDA	580.39	590.22	527.72	465.05	390.99	363.74
EBITDA Margin	27.48%	28.09%	26.92%	23.88%	21.84%	23.55%
D&A For EBITDA	251.81	255.8	282.17	298.51	225.64	84.68
EBIT	328.58	334.42	245.55	166.54	165.35	279.06
EBIT Margin	15.56%	15.92%	12.53%	8.55%	9.24%	18.07%
Effective Tax Rate	217.33%	906.61%	-	-	-	24.10%

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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