Graham Holdings Q3 revenue rises 4% to $1.3 billion; net income falls 39%
Graham Holdings reported third-quarter 2026 revenue of $1,326.0 million, up 4%, and operating income of $85.5 million, up from $67.1 million. Net income attributable to common shareholders fell 39% to $75.1 million ($17.60 per diluted share), mainly because the company recorded $15.0 million in net losses on marketable equity securities versus $84.8 million in gains a year earlier.
Key points
- Q3 2026 revenue was $1,326.0 million, up 4% from $1,278.9 million; television broadcasting, healthcare, and manufacturing led growth, while education declined.
- Q3 2026 net income attributable to common shareholders was $75.1 million ($17.60 per diluted share), versus $122.9 million ($27.91) in Q3 2025.
- Adjusted net income (non-GAAP) was $80.2 million ($18.77 per diluted share), compared with $62.0 million ($14.08) a year earlier.
- Kaplan sold Dublin Business School to China Chunlai Education Group; the transaction closed October 27, 2026, for $127.5 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
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.