AI-extracted from the 10-Q filed 2026-07-30 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Graham Holdings reported Q2 net income of $281M ($64.86/share), driven by $137M pension settlement gain and $102M marketable securities gains, offsetting 4% education revenue decline.
Biggest Revenue Drivers
Automotive$301.4M+6% YoY
Increased revenues from Honda of Woodbridge dealership acquisition, partially offset by closure of Ourisman Jeep of Bethesda.
Education$417.8M-4% YoY
Kaplan International declined 7% due to sale of KLG and declines at Pathways, offset by strength at Singapore and UK Professional.
Biggest Revenue Drivers
Total revenue: $1,302.5M+7% YoY
Automotive$301.4M+6% YoY
Increased revenues from Honda of Woodbridge dealership acquisition, partially offset by closure of Ourisman Jeep of Bethesda.
Education$417.8M-4% YoY
Kaplan International declined 7% due to sale of KLG and declines at Pathways, offset by strength at Singapore and UK Professional.
Healthcare$247.7M+22% YoY
CSI revenue increased 31% from expanded treatment offerings and patient service areas.
Manufacturing$133.3M+39% YoY
Revenue increase due to Hoover Architectural Solutions acquisition and increased volumes at Joyce and Forney.
Television Broadcasting$109.6M+3% YoY
Political advertising revenue up $8.5M, offset by $2.3M retransmission revenue decline.
Increased costs from higher goods revenue, particularly at automotive and manufacturing.
Selling, general and administrative$284.1M+3% YoY
Increased corporate office costs due to legal and tax professional services.
Margins: Gross margins under pressure; SG&A deleveraged slightly despite revenue growth. Operating income rose 15% to $83.6M, benefiting from expense control at education and television broadcasting, offset by healthcare operational investments in CSI expansion.
Watch Items from the Filing
Kaplan Languages Group sale resulted in $19M impairment charge in Q1 2026 plus $5.2M loss on sale in Q2; tax benefit of $69.6M recognized creates Pillar Two top-up tax accrual of $19.2M, subject to reversal if U.K. enacts legislation.
Pension settlement gain of $137M in Q2 2026 is non-recurring; company purchased annuity contract for $113.9M to settle $124.3M of obligations for ~1,080 retirees.
Education revenue declined 4% YoY; Kaplan International down 7% (10% constant currency) due to KLG sale and Pathways declines; offset by higher education enrollment growth at Purdue Global (+5%).
Healthcare CSI operating margin deterioration: operating income down 11% YoY despite 31% revenue growth due to operational investments, lower product margins, and increased incentive compensation.
Company repurchased 78,281 shares in Q2 2026 for $123.2M YTD; 352,011 shares remain authorized (of 500,000 total) as of June 30, 2026; maintained quarterly dividend of $1.88/share.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Graham Holdings Co (GHC): stock profile, AI score and financials
Graham Holdings Co (GHC) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores GHC at 55.9/100 on a composite quality score built from its SEC filings, placing it at rank #1,200 of 2,925 stocks — the top half of the AI-ranked universe. GHC scores in the top quartile across revenue scale (77.8), balance sheet strength (76.7). Areas of concern include earnings quality (20.8), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Graham Holdings Co reports quarterly revenue of $1.3B, net income of $281.1M, an operating margin of 6.4%. Top institutional holders of GHC by reported 13-F value include BlackRock, Madison Avenue Partners, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. GHC trades on the NYSE exchange and files with the SEC under CIK 104889. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GHC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Graham Holdings Co directly from SEC EDGAR.