How McGraw Hill makes money

Period

FY2026

How does McGraw Hill make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

McGraw Hill Inc. · FY2026 · year ended 2026-03-31

Revenue$2.1BGross profit$1.7B · 81%Cost of revenue$401M · 19%Operating income$277M · 13%Operating expenses$1.4B · 68%R&D$276M · 13%SG&A$369M · 18%Selling & marketing$379M · 18%Other opex$401M · 19%Pre-tax income$44M · 2%Other expense$233M · 11%Net income$35M · 2%Income tax$8M · 0%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.