Filing Flows › McGraw Hill (MH) › Q1 FY27 › vs Q1 FY26
McGraw Hill (MH) Q1 FY27 vs Q1 FY26 (year over year)
McGraw Hill's revenue rose $14.2M (+3%) from $536M in Q1 FY26 to $550M in Q1 FY27. The biggest changes: Digital +$28.5M (+9%); Print −$14.3M (-7%). Gross margin 79.9% against 77.0% (+2.9 pts).
McGraw Hill, Q1 FY27: revenue $550M (+3% year over year), operating margin 20.8%, net earnings $57.9M, operating cash flow $601K. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 79.9% | 77.0% | +2.9 pts |
| Operating margin | 20.8% | 18.0% | +2.8 pts |
| Net margin | 10.5% | 0.1% | +10.4 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Digital | $354M | $325M | $28.5M | +9% |
| $196M | $211M | −$14.3M | -7% | |
| Revenue | $550M | $536M | $14.2M | +3% |
| Gross profit | $439M | $412M | $26.9M | +7% |
| Cost of revenue | $111M | $123M | −$12.7M | -10% |
| Operating profit | $114M | $96.2M | $18.1M | +19% |
| Operating expenses | $325M | $316M | $8.8M | +3% |
| Pre-tax earnings | $68.5M | $37.5M | $31.1M | +83% |
| Other expense, net | $45.8M | $58.8M | −$13.0M | -22% |
| Research & development | $59.8M | $65.5M | −$5.6M | -9% |
| Sales & marketing | $94.8M | $87.4M | $7.4M | +8% |
| General & admin | $86.8M | $75.4M | $11.4M | +15% |
| Other operating costs | $83.5M | $87.9M | −$4.4M | -5% |
| Net earnings | $57.9M | $502K | $57.4M | 115× |
| Income tax | $10.7M | $36.9M | −$26.3M | -71% |
| Operating cash sources | $145M | $88.4M | $56.9M | +64% |
| Depreciation & amortization | $83.5M | $87.9M | −$4.4M | -5% |
| Share-based compensation | $3.9M | $0 | $3.9M | — |
| Working capital & other | $145M | $185M | −$40.4M | -22% |
| Operating cash flow | $601K | −$96.7M | $97.3M | — |
| Capital expenditures | $23.9M | $16.3M | $7.6M | +47% |
| Negative free cash flow (OCF − capex) | $23.3M | $113M | −$89.6M | -79% |
Questions
How much did McGraw Hill's revenue grow year over year in Q1 FY27?
McGraw Hill's revenue rose $14.2M (+3%) from $536M in Q1 FY26 to $550M in Q1 FY27.
What drove McGraw Hill's revenue change in Q1 FY27?
Digital +$28.5M (+9%); Print −$14.3M (-7%).