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Companies / Consumer Discretionary / Graham Holdings Co
GHC

Graham Holdings Co

Consumer DiscretionaryProfessional Services
Ticker GHCARLINGTON, VAFiscal year ends DecemberBook value per share $1108.86Diluted shares 4.3M

Graham Holdings Company (NYSE: GHC) is a diversified holding company with businesses in education, television broadcasting, healthcare, manufacturing, automotive retail and other activities. Its education business, Kaplan, serves students, schools, colleges, universities, employers and professionals in the U.S. and… From the company’s description.

Over the twelve months to Sep 30, 2026, Graham Holdings Co reported revenue of $5.12B, up 4.3% from a year earlier, and net income of $501.25M. Its operating margin was 5.4%, and operations generated $309.12M in cash. In fiscal 2025, it reported revenue of $4.91B, up 2.5% from fiscal 2024, and net income of $303.27M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$4.91BFY2025
+2.5% year over year
Last 12 mo $5.12B
4.78%FY2025
+0.3 percentage points
Last 12 mo 5.37%
$303.27MFY2025
−58.6% year over year
Last 12 mo $501.25M
6.27%FY2025
−11.6 percentage points
Last 12 mo 10.83%
Cash & financing
$347.19MFY2025
−14.7% year over year
Last 12 mo $309.12M
$275.30MFY2025
−15.0% year over year
Last 12 mo $182.94M
0.18FY2025
Was 0.18× a year earlier
Last 12 mo 0.18
4.4MFY2025
−0.7% year over year
Last 12 mo 4.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Graham Holdings Co does

In the company’s own words

Graham Holdings Company (NYSE: GHC) is a diversified holding company with businesses in education, television broadcasting, healthcare, manufacturing, automotive retail and other activities. Its education business, Kaplan, serves students, schools, colleges, universities, employers and professionals in the U.S. and internationally with higher education support services, academic and professional exam preparation, language instruction, career advising and continuing education. Kaplan operates through Kaplan International, Kaplan Higher Education and Supplemental Education; brands include Kaplan, Barron’s Educational Series and Manhattan Prep. The company also owns seven television stations and Social News Desk, which provides social media management tools. Its healthcare businesses offer specialty pharmacy infusion, home health, hospice, behavioral therapy, physician services, in-home aesthetics and healthcare software. Manufacturing operations supply products for commercial buildings, electrical and lifting applications, utilities and industrial systems; automotive operations include eight dealerships and valet repair services. Other activities include media, restaurants, marketing, software and art businesses. In 2025, Kaplan served approximately 1.16 million students and professionals worldwide.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Professional Services
Headquarters
ARLINGTON, VA
Fiscal year end
December
CIK
104889
SIC
8200

Financial performance, year by year

Fiscal 2011–2025 · USD
$-620.70M$943.73M$2.51B$4.07B$5.64B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Graham Holdings Co — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

310
funds hold it
1 of 35
superinvestors hold it
$1.53B
held by funds, at market
42.2%
of shares held by funds
1
bond issues held by funds

Superinvestors in Graham Holdings Co · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Graham Holdings Co’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.10%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
U.S. SMALL CAP VALUE PORTFOLIO
DFSVX · DFA INVESTMENT DIMENSIONS GROUP INC
—of fund net assets
First Trust SMID Cap Rising Dividend Achievers ETF
SDVY · First Trust Exchange-Traded Fund VI
0.86%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.12%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Graham Holdings Co’s bonds, as funds hold them

Funds report holding 1 issues of Graham Holdings Co’s debt, $162.62M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.63%, maturing 2033 to 2033.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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