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McGraw Hill (MH) operating margin by quarter

McGraw Hill's operating margin was 22.3% in Q2 FY27 (second quarter fiscal 2027), +1.5 pts from Q1 FY27. Over the last 4 quarters it ranged from 18.0% (Q1 FY26) to 23.4% (Q2 FY26).

McGraw Hill operating margin by quarterMcGraw Hill operating margin by quarter18.0%Q1 FY2623.4%Q2 FY2620.8%Q1 FY2722.3%Q2 FY27
QuarterOperating marginQ/QY/Y
Q2 FY2722.3%+1.5 pts-1.1 pts
Q1 FY2720.8%-2.6 pts+2.8 pts
Q2 FY2623.4%+5.4 pts—
Q1 FY2618.0%——

Q2 FY27 at a glance

McGraw Hill, Q2 FY27: revenue $632M (-6% year over year), operating margin 22.3%, net earnings $86.4M, operating cash flow $189M. The chart follows the revenue to costs, profit and cash.

Questions

What is McGraw Hill's operating margin?

McGraw Hill's operating margin was 22.3% in Q2 FY27 (second quarter fiscal 2027), +1.5 pts from Q1 FY27.

How has McGraw Hill's operating margin changed?

Over the last 4 quarters it ranged from 18.0% (Q1 FY26) to 23.4% (Q2 FY26).

Q2 FY27 results → · How McGraw Hill makes money →