Filing Flows › Graham Holdings (GHC) › Q2 2026 › vs Q2 2025
Graham Holdings (GHC) Q2 2026 vs Q2 2025 (year over year)
Graham Holdings's revenue rose $86.7M (+7%) from $1.2B in Q2 2025 to $1.3B in Q2 2026. The biggest changes: Goods +$90.8M (+17%); Services −$4.1M (-0.6%). Operating margin 6.4% against 6.0% (+0.4 pts).
Graham Holdings, Q2 2026: revenue $1.3B (+7% year over year), operating margin 6.4%, net earnings $281M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.4% | 6.0% | +0.4 pts |
| Net margin | 21.6% | 3.0% | +18.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Services | $665M | $669M | −$4.1M | -0.6% |
| Goods | $638M | $547M | $90.8M | +17% |
| Revenue | $1.3B | $1.2B | $86.7M | +7% |
| Other income, net | $234M | −$12.1M | $246M | — |
| Operating profit | $83.6M | $72.8M | $10.9M | +15% |
| Costs & expenses | $1.2B | $1.1B | $75.9M | +7% |
| Pre-tax earnings | $317M | $60.6M | $257M | +424% |
| Net earnings | $281M | $36.7M | $244M | +665% |
| Minority interests | $1.3M | $3.7M | −$2.4M | -65% |
| Income tax | $35.1M | $20.2M | $14.9M | +74% |
Questions
How much did Graham Holdings's revenue grow year over year in Q2 2026?
Graham Holdings's revenue rose $86.7M (+7%) from $1.2B in Q2 2025 to $1.3B in Q2 2026.
What drove Graham Holdings's revenue change in Q2 2026?
Goods +$90.8M (+17%); Services −$4.1M (-0.6%).