Earnings summaries and quarterly performance for McGraw Hill.
Research analysts who have asked questions during McGraw Hill earnings calls.
DK
David Karnovsky
JPMorgan Chase & Co.
2 questions for MH
Also covers: CCO, CNK, DIS +17 more
EF
Elena Faisal Alwi
Deutsche Bank
2 questions for MH
George Tong
Goldman Sachs
2 questions for MH
Also covers: ADT, BCO, BFAM +24 more
Henry Hayden
Rothschild & Co Redburn
2 questions for MH
Also covers: RELX
Jeff Meuler
Robert W. Baird & Co.
2 questions for MH
Also covers: EFX, FICO, IT +3 more
Jeffrey Silber
BMO Capital Markets
2 questions for MH
Also covers: AMN, ASGN, ATGE +18 more
JC
Josh Chan
UBS
2 questions for MH
Also covers: CTAS, EXPO, KFRC +2 more
Marvin Fong
BTIG, LLC
2 questions for MH
Also covers: ATER, CARG, CARS +10 more
RM
Ryan McDonald
Needham
2 questions for MH
Also covers: ODD
Steve Koenig
Macquarie Capital
2 questions for MH
Also covers: GTLB
TK
Toni Kaplan
Morgan Stanley
2 questions for MH
Also covers: ADT, ARMK, BFAM +18 more
Stephen Sheldon
William Blair
1 question for MH
Also covers: AGYS, ALRM, CIGI +6 more
SS
Steven Sheldon
William Blair & Company, L.L.C.
1 question for MH
Recent press releases and 8-K filings for MH.
McGraw Hill Announces CEO Transition and Digital Transformation Progress
MH
CEO Change
New Projects/Investments
Revenue Acceleration/Inflection
- Simon Allen is retiring as President and CEO, with Philip Moyer set to become the new CEO in February. Allen will continue to serve as Chairman of the Board.
- McGraw Hill has transformed into a digitally-driven education solutions company, with the vast majority of its business digitally delivered (e.g., over 90% in higher education) and over 60% recurring revenue.
- The company is leveraging AI with its proprietary content and first-party data to enhance operational efficiency, such as using Scribe to reduce content creation time by nearly 60% and cost by up to 50%, and to develop personalized learning products like AI Reader and Writing Assistant.
- McGraw Hill's higher education segment achieved 14% growth in the first half of the fiscal year and now holds 30% market share, driven by digital courseware and innovations like Inclusive Access and Evergreen.
- For K-12, after a smaller buying opportunity in FY2026, the company anticipates a larger market opportunity in FY2027 due to major state adoption cycles, including California Math, Texas Math, and Florida ELA.
Jan 16, 2026, 4:45 PM
McGraw Hill discusses business transformation, CEO transition, and capital allocation
MH
CEO Change
M&A
New Projects/Investments
- McGraw Hill has transformed into a digital education solutions company, with over 60% recurring revenue and approximately 92% digital delivery in higher education.
- Simon Allen will retire as President and CEO in February 2026, with Philip Moyer appointed as the new CEO; Allen will remain Chairman of the Board. Moyer brings extensive tech and AI experience from companies like Google, AWS, Microsoft, and Vimeo.
- The company leverages its proprietary content and billions of first-party data points to drive its AI strategy, enhancing operational efficiency (e.g., the Scribe tool reduces content creation time by nearly 60% and cost by up to 50%) and developing personalized learning products.
- McGraw Hill's capital allocation strategy prioritizes debt paydown to reach a target of 2-2.5 times EBITDA, having paid down nearly $600 million recently, while also considering strategic tuck-in M&A opportunities.
Jan 16, 2026, 4:45 PM
McGraw Hill Announces CEO Transition and Highlights Digital Transformation
MH
CEO Change
M&A
New Projects/Investments
Jan 16, 2026, 4:45 PM
McGraw Hill Announces Additional $50 Million Debt Prepayment
MH
- McGraw Hill, Inc. announced an additional $50 million prepayment of principal under its term loan facility on December 10, 2025.
- This recent prepayment brings the company's year-to-date principal payments under the Term Loan to a total of $592 million.
- The company's Executive Vice President and Chief Financial Officer, Bob Sallmann, stated that this action reinforces their commitment to a 2-2.5x net leverage target.
Dec 10, 2025, 9:15 PM
McGraw Hill Highlights Digital Transformation, AI-Driven Growth, and Financial Targets at UBS Conference
MH
Product Launch
New Projects/Investments
Guidance Update
- McGraw Hill has transformed into a digital-first education provider, with over two-thirds of its revenue digitally delivered , leading to a 1,500-2,000 basis points margin expansion and a strengthened, predictable financial model.
- AI is a key tailwind, utilized for personalized learning, reducing educator administrative burden, and streamlining content creation. The company differentiates its AI usage through its 137-year-old brand, extensive IP, 19 billion annual learning interactions from 25 million paid digital users, and robust go-to-market strategy.
- The company targets 5% plus growth over the medium to longer term and aims for a 37% EBITDA target. Growth is driven by continued market share gains, including an increase to 30% in higher education from 21% , and the introduction of the "Evergreen" model, which now covers two-thirds of revenue.
Dec 3, 2025, 5:15 PM
McGraw Hill Discusses Digital Transformation, AI Strategy, and Growth Targets at UBS Conference
MH
Product Launch
New Projects/Investments
Guidance Update
- McGraw Hill has transitioned to a highly digital business, with over two-thirds of its revenue digitally delivered, and leverages AI as a key tailwind for personalized learning, educator efficiency, and streamlined content creation.
- The company has achieved significant market share gains, reaching 30% in higher education (up from 21% previously) and growing that segment by 14% in Q2.
- McGraw Hill targets over 5% growth in the medium to longer term and aims for a 37% EBITDA margin, with further accretion anticipated from AI-driven efficiencies in content development.
- Its competitive advantages include a 137-year-old trusted brand, extensive IP, 19 billion annual learning interactions providing rich data, and a differentiated go-to-market strategy, including 80 customer success professionals.
Dec 3, 2025, 5:15 PM
McGraw Hill Discusses Digital Transformation, AI Strategy, and Growth Targets at UBS Conference
MH
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- McGraw Hill's business has undergone a significant digital transformation, with over two-thirds of its revenue now digitally delivered. The company aims for 5% plus growth over the medium to longer term and an EBITDA target of 37%, up from 35%.
- AI is identified as a clear tailwind, utilized for personalized learning, reducing administrative burdens for educators, and decreasing content development time and cost. McGraw Hill has been leveraging machine learning in its solutions for over a decade.
- In Higher Education, McGraw Hill reported 14% growth in Q2 and has increased its market share to 30%, from 21% a few years prior, driven by innovation and investments in customer success. The "Evergreen" initiative, which removes edition cycles, is expected to further accelerate share gains.
- The K-12 segment holds 25%-30% market share in core materials and is expanding its 5% share in the larger supplemental intervention market. Recent new science programs have achieved two to three times their normal share capture.
Dec 3, 2025, 5:15 PM
McGraw Hill Details Digital Transformation, AI Integration, and Market Share Gains
MH
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- McGraw Hill has transformed into a digitally-oriented business, with nearly two-thirds of its operations delivered digitally, leveraging AI for personalized learning, reducing administrative burdens for educators, and achieving 60% cost reductions and 50% faster time to market in content creation.
- The company is experiencing significant market share gains in higher education, growing from 21% to 30% over the last decade, with a 14% year-over-year increase in the quarter, driven by differentiated platforms and the new Evergreen offering that provides real-time content updates.
- Inclusive Access sales grew 30% year over year in the quarter, now accounting for approximately half of higher education revenue, leading to over 98% sell-through and higher retention by providing course materials to students on day one at the lowest price point.
- McGraw Hill is strategically positioned for future growth in K-12 with major state adoption cycles for math and ELA in fiscal 2027 and 2028, and aims to increase its 5% share in supplemental intervention to match its 25%-30% share in core subjects.
- The company prioritizes fully funding organic growth, followed by debt reduction, having paid down an incremental $150 million in October, and maintains a target leverage of 2-2.5 times, with M&A focused on small, strategic tuck-ins to accelerate product roadmaps rather than transformational deals.
Dec 2, 2025, 3:50 PM
McGraw Hill Highlights Digital Growth, Market Share Gains, and AI Integration
MH
Product Launch
Revenue Acceleration/Inflection
New Projects/Investments
- McGraw Hill's business is increasingly digital, with nearly two-thirds of its operations now digitally delivered, and the company is actively integrating AI to enhance personalized learning, reduce educator administrative burdens, and streamline content creation.
- The company has significantly grown its higher education market share from 21% to approximately 30% over the past decade, supported by innovative platforms like "Evergreen" and the Inclusive Access model, which saw 30% year-over-year growth and now comprises roughly half of higher education revenue.
- McGraw Hill is strategically positioned for major K-12 market opportunities, including upcoming math and ELA procurement cycles in California for fiscal 2027 and 2028, and reports no material impact from federal education policy changes or government shutdowns.
- Capital allocation prioritizes organic growth and debt reduction, with an incremental $150 million debt payment in October and a target leverage of 2-2.5 times, while M&A focuses on small, strategic acquisitions to accelerate product roadmaps without increasing leverage.
Dec 2, 2025, 3:50 PM
McGraw Hill Discusses Digital Transformation, Market Share Growth, and Capital Allocation
MH
New Projects/Investments
Revenue Acceleration/Inflection
Product Launch
- McGraw Hill's business is now nearly two-thirds digital, up from half a decade ago, leveraging AI for personalized learning, reducing administrative burden for teachers, and driving efficiency in content creation, which has led to 60% cost reductions and 50% faster time to market in some cases.
- The company has increased its market share in higher education from 21% to 30% over the last decade, with recent acceleration, driven by strong platform performance and the new Evergreen offering that removes the traditional edition cycle.
- Inclusive Access sales grew 30% year-over-year and now represent approximately half of higher education revenue, leading to over 98% sell-through of materials and higher retention, with the company adding about 100 institutions annually.
- Significant K-12 market opportunities are anticipated in California math (2027) and Florida ELA (2028), with McGraw Hill already positioned on the California list and having secured two influential districts.
- McGraw Hill prioritizes fully funding organic growth, and in October, paid down an incremental $150 million in debt, aiming for a target leverage of 2 to 2.5 times, with M&A focused on small tuck-ins to accelerate product roadmaps rather than transformational deals.
Dec 2, 2025, 3:50 PM
Quarterly earnings call transcripts for McGraw Hill.
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