McGraw Hill Reports Strong FY2026 Results, Beats Guidance


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McGraw Hill Exceeds Fiscal Year 2026 Guidance with Strong Recurring Revenue Growth
COLUMBUS, Ohio - McGraw Hill, Inc. (NYSE: MH), a prominent global provider of education solutions, reported its financial results for the fourth quarter and fiscal year ended March 31, 2026. The company exceeded its fiscal year 2026 financial guidance, driven by resilient recurring revenue streams and disciplined operational execution.
Financial Highlights:
- Total revenue for fiscal year 2026 reached $2.1 billion, a 0.1% increase year-over-year.
- Recurring revenue grew 5.8% to $1.54 billion, now accounting for more than 73% of total revenue.
- Adjusted EBITDA for the year was $744.3 million, with an Adjusted EBITDA margin of 35.4%, up nearly 80 basis points.
- The company achieved a net income of $35.3 million for the full fiscal year, a significant improvement from the prior-year loss of $85.8 million.
- Gross debt was reduced by $645.6 million during the year, enhancing financial flexibility.
Operational and Strategic Updates:
- McGraw Hill served over 100 million active student and educator curriculum licenses globally.
- The company reported 7.5 million users of its AI-enabled learning tools.
- Higher Education revenue saw 12.3% year-over-year growth, bolstered by new market share and pricing favorability.
- The Board of Directors approved a share repurchase plan of up to $50 million.
Looking ahead, McGraw Hill remains focused on accelerating growth and expanding margins for fiscal year 2027, with revenue guidance set between $2.115 billion and $2.175 billion.
About McGraw Hill, Inc.
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