Graham Holdings Company (GHC) Earnings History
Profitable41 years of earnings data (1985–2025) · Positive TTM net income
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Graham Holdings Company (GHC) Earnings Overview
As of June 21, 2026, Graham Holdings Company (GHC) reported trailing twelve-month net income of $298M, reflecting -59.3% year-over-year growth. The company earned $44940.03 per diluted share over the past four quarters, with a net profit margin of 6.0%.
Looking at the long-term picture, GHC's 5-year EPS compound annual growth rate (CAGR) stands at +2.7%, reflecting modest earnings expansion. The company achieved its highest annual net income of $1.29B in fiscal 2014.
Graham Holdings Company maintains positive profitability with a gross margin of 27.6%, operating margin of 5.1%, and net margin of 6.0%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including NYT ($382M net income, 12.2% margin), NWS ($425M net income, 5.5% margin), SSP (-$99M net income, -4.7% margin), GHC has room to improve margins relative to the peer group. Compare GHC vs NYT →
GHC Earnings vs Peers
Earnings metrics vs comparable public companies
GHC Historical Earnings Data (1985–2025)
40 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $292M | -59.7% | $252M | $66.47 | 6.0% | 5.1% |
| 2024 | $725M | +253.0% | $216M | $163.40 | 15.1% | 4.5% |
| 2023 | $205M | +206.0% | $69M | $43.82 | 4.6% | 1.6% |
| 2022 | $67M | -80.9% | $84M | $13.79 | 1.7% | 2.1% |
| 2021 | $352M | +17.2% | $77M | $70.46 | 11.1% | 2.4% |
| 2020 | $300M | -8.4% | $100M | $58.13 | 10.4% | 3.5% |
| 2019 | $328M | +20.9% | $145M | $61.21 | 11.2% | 4.9% |
| 2018 | $271M | -10.2% | $246M | $50.50 | 10.1% | 9.1% |
| 2017 | $302M | +79.2% | $136M | $53.89 | 11.7% | 5.3% |
| 2016 | $169M | +267.5% | $223M | $29.80 | 6.8% | 9.0% |
| 2015 | -$101M | -107.8% | -$81M | $-17.58 | -3.9% | -3.1% |
| 2014 | $1.29B | +446.2% | $233M | $195.03 | 47.3% | 8.5% |
| 2013 | $237M | +79.3% | $149M | $32.05 | 9.1% | 5.7% |
| 2012 | $132M | +12.8% | $149M | $17.39 | 3.9% | 4.4% |
| 2011 | $117M | -57.9% | $334M | $14.70 | 3.3% | 9.5% |
| 2010 | $278M | +199.8% | $603M | $31.04 | 6.1% | 13.1% |
| 2009 | $93M | +41.2% | $258M | $9.78 | 2.1% | 5.9% |
| 2008 | $66M | -77.2% | $174M | $6.87 | 1.5% | 3.9% |
| 2007 | $289M | -11.0% | $477M | $30.19 | 6.9% | 11.4% |
| 2006 | $324M | +3.2% | $460M | $33.68 | 8.3% | 11.8% |
| 2005 | $314M | -5.5% | $515M | $32.59 | 8.8% | 14.5% |
| 2004 | $333M | +38.0% | $563M | $34.59 | 10.1% | 17.1% |
| 2003 | $241M | +18.0% | $364M | $25.12 | 8.5% | 12.8% |
| 2002 | $204M | -11.0% | $378M | $21.34 | 7.9% | 14.6% |
| 2001 | $230M | +68.3% | $220M | $24.06 | 9.5% | 9.1% |
| 2000 | $136M | -39.6% | $340M | $14.32 | 5.7% | 14.1% |
| 1999 | $226M | -45.9% | $389M | $22.30 | 10.2% | 17.5% |
| 1998 | $417M | +48.2% | $379M | $41.10 | 19.8% | 18.0% |
| 1997 | $282M | +27.5% | $381M | $26.15 | 14.4% | 19.5% |
| 1996 | $221M | +16.1% | $337M | $20.05 | 11.9% | 18.2% |
| 1995 | $190M | +12.0% | $271M | $17.15 | 11.1% | 15.8% |
| 1994 | $170M | +2.6% | $275M | $14.65 | 10.5% | 17.0% |
| 1993 | $165M | +29.4% | $255M | $14.08 | 11.0% | 17.0% |
| 1992 | $128M | +7.7% | $232M | $10.80 | 8.8% | 16.0% |
| 1991 | $119M | -32.0% | $193M | $10.00 | 8.6% | 14.0% |
| 1990 | $175M | -11.8% | $282M | $14.45 | 12.1% | 19.6% |
| 1989 | $198M | -26.5% | $314M | $15.50 | 13.7% | 21.7% |
| 1988 | $269M | +168.6% | $268M | $20.91 | 19.7% | 19.6% |
| 1986 | $100M | -12.3% | $229M | $7.80 | 8.2% | 18.8% |
| 1985 | $114M | - | $204M | $8.66 | 10.6% | 18.9% |
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GHC — Frequently Asked Questions
Quick answers to the most common questions about buying GHC stock.
What is GHC earnings per share (EPS)?
GHC trailing twelve-month (TTM) diluted EPS is $44940.03, reflecting -59.3% year-over-year growth. The 5-year EPS CAGR is +2.7%. Complete EPS history from 1985 to 2025 is available in the table on this page.
What is Graham Holdings Company's net income?
Graham Holdings Company (GHC) trailing twelve-month net income is $298M as of 2025. Earnings declined -59.3% year-over-year. Graham Holdings Company has been profitable for 10 consecutive years.
Is GHC profitable?
Yes, GHC is profitable with a TTM net income of $298M and a net profit margin of +6.0%. Graham Holdings Company has generated profits for 10 consecutive years.
What is GHC's earnings growth rate?
GHC compound annual EPS growth rates (CAGR): 1-Year: -59.3%, 3-Year: +68.9%, 5-Year: +2.7%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1985 to 2025.
What are GHC's profit margins?
Graham Holdings Company net profit margin is +6.0%, operating margin is +5.1%, and gross margin is +27.6%. Margins are within a typical range for the sector. Return on Equity is +6.4%.
Is GHC growing earnings?
GHC earnings are declining — EPS fell -59.3% year-over-year. TTM net income dropped to $298M. This contrasts with the 5-year CAGR of +2.7%.
What was GHC's best earnings year?
Graham Holdings Company's highest annual net income on record is $1.3B, achieved in fiscal year 2014. Earnings history on this page spans 1985 to 2025 and includes all annual and quarterly figures.
What were GHC's earnings last quarter?
GHC's most recent reported quarter was Q1 2026. Net income was $29M with diluted EPS of $4396.68. For a full breakdown of all quarters, see the quarterly earnings table on this page.