Graham Holdings Q2 revenue rises 7% to $1.3 billion; EPS $64.86 includes pension gain
Graham Holdings reported second quarter 2026 revenue of $1,302.5 million, up 7% from a year earlier, and operating income of $83.6 million, up from $72.8 million. Diluted earnings per share were $64.86, versus $8.35 a year earlier, mainly due to a $137.0 million pre-tax noncash pension settlement gain; excluding non-GAAP items, adjusted diluted EPS was $19.46 versus $14.33.
Key points
- Q2 2026 revenue $1,302.5 million, up 7% from $1,215.8 million; operating income $83.6 million versus $72.8 million
- Diluted EPS $64.86 versus $8.35; adjusted (non-GAAP) diluted EPS $19.46 versus $14.33
- Pension annuity purchase settled $124.3 million of obligations, producing a $137.0 million pre-tax noncash settlement gain in Q2
- Borrowings $900.4 million at June 30, 2026; cash, marketable equity securities and other investments $1,297.4 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.