Filing Flows › Graham Holdings (GHC) › Q2 2026
Graham Holdings (GHC) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Graham Holdings (GHC) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +7% from a year earlier. Operating margin was 6.4%, net earnings $281M (21.6% of revenue).
Graham Holdings, Q2 2026: revenue $1.3B (+7% year over year), operating margin 6.4%, net earnings $281M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | — | +7% |
| Operating profit | $83.6M | — | +15% |
| Net earnings | $281M | — | +665% |
What changed
Revenue was $1.3B in Q2 2026, up 7% year over year. Services was the largest line at 51% of revenue. Goods added $0.09B year over year (up 17%), 105% of the total change. Services declined 1%.
Operating profit was $0.08B, a 6.4% margin (up 0.4 points year over year). Of the extra revenue versus Q2 2025, 13% reached operating profit, above the 6% margin then. Total costs grew 7% against revenue growth of 7%. Net earnings were $0.28B, up 665% year over year. The effective tax rate was 11.1%. Non-operating items added $0.23B, 74% of pre-tax earnings, so the bottom line overstates operating performance.
Questions
What was Graham Holdings' revenue in the second quarter 2026?
Graham Holdings (GHC) reported revenue of $1.3B for the second quarter 2026 (Q2 2026), +7% from a year earlier.
Was Graham Holdings profitable in the second quarter 2026?
Operating profit was $83.6M (6.4% of revenue) and net earnings $281M.
Source: Graham Holdings 10-Q on SEC EDGAR.