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	393.63	336.54
Gross Profit	1,708	1,679	1,540	1,483	1,397	1,208
Selling, General & Admin	1,091	1,067	1,027	1,045	1,016	833.38
Depreciation & Amortization Expenses	305.95	305.7	307.92	314.75	239.7	120.03
Other Operating Expenses	-	-	49.5	312	491.66	5.24
Total Operating Expenses	1,397	1,372	1,385	1,671	1,747	958.66
Operating Income	310.91	306.81	155.3	-188.17	-350.88	249.51
Total Non-Operating Income (Expense)	-250.16	-296.17	-323.02	-265.67	-288.91	-190.55
Pretax Income	60.75	10.64	-167.73	-453.84	-639.79	58.96
Provision for Income Taxes	132.03	96.48	25.29	-49.73	-20.42	14.21
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)	191	167	167	167	167	12
Shares Outstanding (Diluted)	191	167	167	167	167	12
Shares Change (YoY)	14.64%	-	0.03%	-	1336.49%	-
EPS (Basic)	-0.37	-0.52	-1.16	-2.43	-3.72	3.86
EPS (Diluted)	-0.37	-0.52	-1.16	-2.43	-3.72	3.86
Shares Outstanding	191	166.61	166.61	166.56	166.56	11.59
Free Cash Flow	346.63	575.22	154.2	186.58	175.04	363.45
Free Cash Flow Growth	-39.74%	273.03%	-17.35%	6.59%	-51.84%	91.54%
Free Cash Flow Per Share	1.81	3.45	0.93	1.12	1.05	31.35
Gross Margin	80.84%	79.90%	78.56%	76.15%	78.01%	78.21%
Operating Margin	14.72%	14.60%	7.92%	-9.66%	-19.60%	16.15%
Profit Margin	-3.37%	-4.09%	-9.85%	-20.75%	-34.60%	2.90%
FCF Margin	16.41%	27.37%	7.87%	9.58%	9.78%	23.53%
EBITDA	616.86	612.51	463.22	126.58	-111.18	369.54
EBITDA Margin	29.20%	29.15%	23.63%	6.50%	-6.21%	23.92%
EBIT	310.91	306.81	155.3	-188.17	-350.88	249.51
EBIT Margin	14.72%	14.60%	7.92%	-9.66%	-19.60%	16.15%
Effective Tax Rate	217.33%	906.61%	-15.08%	10.96%	3.19%	24.10%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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