Graham Holdings Company (GHC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 0 | 1.25B | 1.28B | 1.22B | 1.17B | 1.25B | 1.21B | 1.19B | 1.15B | 1.17B | 1.11B | 1.1B | 1.03B | 1.06B | 1.01B | 933.3M | 914.72M | 862.93M | 809.44M | 801.15M |
| Revenue Growth % | -100% | 0.42% | 5.94% | 2.57% | 1.15% | 6.77% | 8.6% | 7.27% | 11.74% | 9.66% | 9.79% | 18.4% | 12.77% | 23.3% | 25.08% | 16.5% | 28.39% | 9.65% | 12.89% | 22.71% |
| Cost of Goods Sold | 0 | 906.63M | 933.38M | 866.33M | 847.74M | 845.93M | 826.78M | 831.86M | 819.96M | 826.28M | 781.59M | 767.85M | 727.21M | 715.63M | 694.76M | 631.83M | 615.5M | 560.75M | 548.68M | 533.88M |
| COGS % of Revenue | - | 72.47% | 72.99% | 71.26% | 72.71% | 67.9% | 68.49% | 70.18% | 71.14% | 70.81% | 70.32% | 69.49% | 70.5% | 67.26% | 68.62% | 67.7% | 67.29% | 64.98% | 67.79% | 66.64% |
| Gross Profit | 0 | 344.39M | 345.47M | 349.44M | 318.18M | 399.87M | 380.38M | 353.42M | 332.7M | 340.53M | 329.93M | 337.14M | 304.33M | 348.4M | 317.68M | 301.47M | 299.22M | 302.18M | 260.76M | 267.28M |
| Gross Margin % | - | 27.53% | 27.01% | 28.74% | 27.29% | 32.1% | 31.51% | 29.82% | 28.86% | 29.18% | 29.68% | 30.51% | 29.5% | 32.74% | 31.38% | 32.3% | 32.71% | 35.02% | 32.21% | 33.36% |
| Gross Profit Growth % | -100% | -13.88% | -9.18% | -1.12% | -4.36% | 17.42% | 15.29% | 4.83% | 9.32% | -2.26% | 3.86% | 11.83% | 1.71% | 15.29% | 21.83% | 12.79% | 24.04% | 5.64% | 8.2% | 22.9% |
| Operating Expenses | 277.48M | 283.85M | 272.32M | 276.74M | 270.75M | 327.37M | 298.73M | 327.5M | 297.26M | 299.74M | 387.04M | 279.09M | 276.68M | 403.33M | 258.15M | 262.15M | 259.25M | 279.64M | 277.37M | 229.69M |
| OpEx % of Revenue | - | 22.69% | 21.29% | 22.76% | 23.22% | 26.28% | 24.75% | 27.63% | 25.79% | 25.69% | 34.82% | 25.26% | 26.82% | 37.91% | 25.5% | 28.09% | 28.34% | 32.41% | 34.27% | 28.67% |
| Selling, General & Admin | 277.48M | 283.85M | 272.32M | 276.74M | 270.75M | 274.89M | 269.02M | 268.99M | 263.98M | 265.98M | 254.76M | 244.68M | 241.96M | 245.18M | 223.86M | 227.84M | 224.86M | 244.67M | 215.89M | 195.43M |
| SG&A % of Revenue | - | 22.69% | 21.29% | 22.76% | 23.22% | 22.07% | 22.29% | 22.69% | 22.9% | 22.8% | 22.92% | 22.14% | 23.46% | 23.04% | 22.11% | 24.41% | 24.58% | 28.35% | 26.67% | 24.39% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 57.83M | 60.54M | 73.15M | 72.7M | 47.43M | 72.5M | 81.65M | 25.91M | 35.44M | 40.79M | -57.11M | 58.05M | 27.66M | -54.93M | 59.53M | 39.33M | 39.97M | 22.55M | -16.61M | 37.59M |
| Operating Margin % | - | 4.84% | 5.72% | 5.98% | 4.07% | 5.82% | 6.76% | 2.19% | 3.07% | 3.5% | -5.14% | 5.25% | 2.68% | -5.16% | 5.88% | 4.21% | 4.37% | 2.61% | -2.05% | 4.69% |
| Operating Income Growth % | 21.94% | -16.5% | -10.4% | 180.56% | 33.82% | 77.73% | 242.96% | -55.37% | 28.15% | 174.26% | -195.94% | 47.62% | -30.81% | -343.64% | 458.48% | 4.62% | 18.1% | -51.2% | -141.27% | 539.63% |
| EBITDA | 57.83M | 104.2M | 117.64M | 114.22M | 89.91M | 140.48M | 152.78M | 73.89M | 85.59M | 92.11M | 92.86M | 108.47M | 78.86M | 119.45M | 111.69M | 89.53M | 91.93M | 76.02M | 63.34M | 90.03M |
| EBITDA Margin % | - | 8.33% | 9.2% | 9.39% | 7.71% | 11.28% | 12.66% | 6.23% | 7.43% | 7.89% | 8.35% | 9.82% | 7.65% | 11.23% | 11.03% | 9.59% | 10.05% | 8.81% | 7.83% | 11.24% |
| EBITDA Growth % | -35.68% | -25.83% | -23% | 54.58% | 5.05% | 52.52% | 64.54% | -31.88% | 8.53% | -22.89% | -16.87% | 21.15% | -14.21% | 57.13% | 76.34% | -0.55% | 9.48% | -21.29% | -32.65% | 10.01% |
| D&A (Non-Cash Add-back) | 0 | 43.66M | 44.49M | 41.52M | 42.48M | 67.98M | 71.14M | 47.98M | 50.14M | 51.31M | 149.97M | 50.41M | 51.21M | 174.38M | 52.16M | 50.21M | 51.96M | 53.47M | 79.95M | 52.44M |
| EBIT | 0 | 60.54M | 73.15M | 72.7M | 47.43M | 807.13M | 138.9M | 76.66M | 188.17M | 98.01M | 76K | 177.75M | 86.47M | 46.58M | 58.02M | -72.04M | 143.58M | 111.68M | 43.2M | 166.28M |
| Net Interest Income | 0 | 676K | -15.76M | -15.91M | -79.84M | -46.24M | -23.62M | -89.27M | -17.15M | -23.04M | -9.82M | -10.23M | -13.09M | -14.42M | -10.78M | -15.28M | -10.7M | -8.08M | -9.42M | -5.48M |
| Interest Income | 2.48M | 2.03M | 1.46M | 2.26M | 2.5M | 3.3M | 2.28M | 2.11M | 2.18M | 2.38M | 1.99M | 1.55M | 1.2M | 1.01M | 803K | 696K | 715K | 722K | 0 | 1.88M |
| Interest Expense | -16.23M | 1.36M | 17.23M | 18.17M | 82.34M | 49.54M | 25.9M | 91.38M | 19.33M | 25.42M | 11.81M | 11.77M | 14.29M | 15.43M | 11.58M | 15.97M | 11.42M | 8.8M | 9.42M | 7.35M |
| Other Income/Expense | -18.83M | 111.85M | 109.88M | -12.07M | -13.81M | 685.09M | 31.36M | -40.64M | 133.4M | 31.8M | 45.38M | 107.92M | 44.52M | 86.08M | -13.09M | -127.34M | 92.19M | 80.34M | 50.39M | 121.33M |
| Pretax Income | 39.01M | 172.38M | 183.04M | 60.62M | 33.62M | 757.59M | 113.01M | -14.73M | 168.84M | 72.59M | -11.73M | 165.97M | 72.18M | 31.14M | 46.44M | -88.02M | 132.17M | 102.88M | 33.78M | 158.93M |
| Pretax Margin % | - | 13.78% | 14.31% | 4.99% | 2.88% | 60.81% | 9.36% | -1.24% | 14.65% | 6.22% | -1.06% | 15.02% | 7% | 2.93% | 4.59% | -9.43% | 14.45% | 11.92% | 4.17% | 19.84% |
| Income Tax | 9.9M | 61.5M | 56.8M | 20.2M | 7.9M | 206M | 38.5M | 4.1M | 43.5M | 16.9M | 9.4M | 41.8M | 19.2M | 24.5M | 12.6M | -21.4M | 35.6M | 17.8M | -5.9M | 43M |
| Effective Tax Rate % | 25.38% | 35.68% | 31.03% | 33.32% | 23.5% | 27.19% | 34.07% | -27.84% | 25.76% | 23.28% | -80.11% | 25.19% | 26.6% | 78.67% | 27.13% | 24.31% | 26.94% | 17.3% | -17.46% | 27.06% |
| Net Income | 29.11M | 108.72M | 122.92M | 36.75M | 23.89M | 548.79M | 72.5M | -21.04M | 124.38M | 53.26M | -23.03M | 122.79M | 52.27M | 6.16M | 32.78M | -67.48M | 95.62M | 84.68M | 39.59M | 115.36M |
| Net Margin % | - | 8.69% | 9.61% | 3.02% | 2.05% | 44.05% | 6.01% | -1.78% | 10.79% | 4.56% | -2.07% | 11.11% | 5.07% | 0.58% | 3.24% | -7.23% | 10.45% | 9.81% | 4.89% | 14.4% |
| Net Income Growth % | 21.81% | -80.19% | 69.54% | 274.66% | -80.79% | 930.42% | 414.81% | -117.14% | 137.95% | 764.59% | -170.26% | 281.95% | -45.34% | -92.73% | -17.19% | -158.5% | -14.96% | -64.29% | -49% | 511.85% |
| Net Income (Continuing) | 29.11M | 110.89M | 126.24M | 40.42M | 25.72M | 551.59M | 74.51M | -18.83M | 125.34M | 55.69M | -21.13M | 124.17M | 52.98M | 6.64M | 33.84M | -66.61M | 96.57M | 85.08M | 39.68M | 115.93M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 6.03M | 73.13M | 83.95M | 82.52M | 74.94M | 73.97M | 66.8M | 65.44M | 51.22M | 91.08M | 53.52M | 50.05M | 44.39M | 73.95M | 62.02M | 55.2M | 27.11M | 26.4M | 9.9M | 7.83M |
| EPS (Diluted) | 4396.68 | 24.71 | 27.91 | 8.35 | 5.45 | 123.75 | 16.42 | -4.79 | 27.72 | 11.71 | -5.00 | 25.89 | 10.87 | 1.28 | 6.76 | -13.95 | 19.45 | 17.10 | 7.90 | 22.99 |
| EPS Growth % | 80573.03% | -80.03% | 69.98% | 274.32% | -80.34% | 956.79% | 428.4% | -118.5% | 155.01% | 814.84% | -173.96% | 285.59% | -44.11% | -92.51% | -14.43% | -160.68% | -13.32% | -62.51% | -48.09% | 538.61% |
| EPS (Basic) | 6.72 | 24.96 | 28.19 | 8.43 | 5.50 | 124.69 | 16.55 | -4.79 | 27.87 | 11.76 | -5.00 | 25.96 | 10.91 | 1.29 | 6.78 | -13.95 | 19.50 | 17.14 | 7.93 | 23.07 |
| Diluted Shares Outstanding | 6.62K | 4.38M | 4.38M | 4.37M | 4.36M | 4.34M | 4.38M | 4.4M | 4.46M | 4.51M | 4.6M | 4.71M | 4.78M | 4.79M | 4.82M | 4.84M | 4.88M | 4.92M | 4.98M | 4.99M |
| Basic Shares Outstanding | 4.33M | 4.34M | 4.33M | 4.33M | 4.32M | 4.3M | 4.35M | 4.4M | 4.43M | 4.5M | 4.6M | 4.7M | 4.76M | 4.77M | 4.81M | 4.84M | 4.87M | 4.91M | 4.96M | 4.97M |
| Dividend Payout Ratio | - | 7.22% | 6.38% | 21.35% | 32.7% | 1.35% | 10.45% | - | 6.17% | 13.93% | - | 6.38% | 15.13% | 123.21% | 23.36% | - | 8.1% | 8.83% | 19.08% | 6.55% |