Stocks Real estate GHC
NYSE · Real estateGraham Holdings Co (GHC)
Operating cash flow minus capital spending left $275.3M of free cash flow in fiscal 2025. At September 30, 2026 it held $154.3M in cash against $853.4M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about Graham Holdings Co
- Net worth
- Graham Holdings Co has a market value (market cap) of $5.1B at the latest share price, and shareholders' equity of $4.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $4.9B (+2.5% year on year), with net income of $292.3M.
- Cash flow
- In fiscal 2025 operations brought in $347.2M of cash; after $71.9M of capital spending, free cash flow was $275.3M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Graham Holdings Co's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Graham Holdings Co declared dividends of $7.20 per share in fiscal 2025, a yield of 0.59% at the current price.
What Graham Holdings Co does
Graham Holdings Co is registered with the SEC under industry code SIC 8200 (Services-Educational Services). Its shares trade on NYSE under the ticker GHC.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $4.9B | $292.3M | $66.47 | $275.3M |
| 2024 | $4.8B | $724.6M | $163.40 | $324.1M |
| 2023 | $4.4B | $205.3M | $43.82 | $166.4M |
| 2022 | $3.9B | $67.1M | $13.79 | $152.9M |
| 2021 | $3.2B | $352.1M | $70.45 | $39.9M |
| 2020 | $2.9B | $300.4M | $58.13 | $141.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where GHC ranks in Real estate
Dividends
Graham Holdings Co declared $7.20 per share in fiscal 2025. At the current price that is a yield of 0.59%. It paid out $31.4M in cash dividends, 11% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $7.20 | $31.4M | 11% |
| 2024 | $6.88 | $30.3M | 4% |
| 2023 | $6.60 | $31M | 15% |
| 2022 | $6.32 | $30.7M | 46% |
| 2021 | $6.04 | $30.1M | 9% |
| 2020 | $5.80 | $30M | 10% |
Latest SEC filings
What Graham Holdings Co has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026
- November 2, 2026Activist stake changed SCHEDULE 13D/A
- October 29, 2026
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 3.7% to $1.3B versus the same quarter last year; diluted EPS $17.60 versus $27.91.
- August 28, 2026Form N-PX filing N-PX
- August 14, 2026Form 13F-HR filing 13F-HR
- August 14, 2026Passive stake (5% or more) SCHEDULE 13G
- August 5, 2026Other event 8-K
- July 30, 2026
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 7.1% to $1.3B versus the same quarter last year; diluted EPS $64.86 versus $8.35.
What is GHC worth? A DCF from its reported cash flow
Insider trades
What the people running Graham Holdings Co did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 9 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Conley Danielle Y.Director | Received as payindirect | 19 | $21.6K |
| October 1, 2026 | Davis Christopher CDirector | Received as pay | 24 | $27.3K |
| October 1, 2026 | Markell Jack A.Director | Received as payindirect | 7 | $8K |
| October 1, 2026 | Mulcahy Anne MDirector | Received as payindirect | 21 | $23.9K |
| October 1, 2026 | Wagoner G Richard JrDirector | Received as payindirect | 21 | $23.9K |
| August 28, 2026 | Maas, JacobExecutive VP | Received as pay | 1,000 | - |
| August 28, 2026 | Maas, JacobExecutive VP | Shares withheld for tax | 501 | $580.8K |
| August 13, 2026 | O'Shaughnessy Laura10% owner | Other change | 4,211 | - |
Who owns GHC
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Donald E. Graham13D, may seek influence | 14.1% | September 5, 2024 |
| Laura G. O'Shaughnessy13D, may seek influence | 12% | November 2, 2026 |
| Graham Holdings Company13G, passive | 8.9% | May 15, 2026 |
| Madison Avenue International LP13G, passive with 5 related filers | 7.5% | August 14, 2026 |
| Dimensional Fund Advisors LP13G, passive | 7% | January 21, 2026 |
| Timothy J. O’Shaughnessy13D, may seek influence | 5.8% | May 10, 2024 |
| Vanguard Portfolio Management13G, passive | 5.18% | April 29, 2026 |
| Vanguard Capital Management13G, passive | 5.04% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 384 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 3,704,781 | +224,108 |
| Dimensional Fund Advisors LP | 1,728,120 | +247,718 |
| Madison Avenue Partners, LP | 246,368 | +539 |
| Vanguard Portfolio Management LLC | 1,122,350 | +309,628 |
| Vanguard Capital Management LLC | 1,805,897 | +46,498 |
| Wallace Capital Management Inc. | 156,376 | +1,305 |
| State Street Corp | 981,946 | +65,972 |
| Geode Capital Management, LLC | 1,082,782 | +44,410 |
| Aqr Capital Management LLC | 376,569 | +159,374 |
| First Trust Advisors LP | 92,463 | -42 |
| Victory Capital Management Inc | 149,506 | +44,228 |
| Northern Trust Corp | 390,141 | +58,756 |
| Charles Schwab Investment Management Inc | 344,425 | +5,474 |
| Morgan Stanley | 321,682 | -56,530 |
| Jpmorgan Chase & Co | 252,763 | -13,481 |
| Goldman Sachs Group Inc | 268,023 | -117,379 |
| Raymond James Financial Inc | 72,124 | +42,854 |
| Bank of New York Mellon Corp | 149,505 | +6,727 |
| Southeastern Asset Management Inc | 29,156 | -8,604 |
| Invesco Ltd. | 128,122 | -15,082 |
Insiders
10 insiders reported holding 69,049 shares in total, about $83.9M at the last price.
| Holder | Shares |
|---|---|
| O'Shaughnessy Timothy JPresident and CEO, Director | 22,878 |
| O'Shaughnessy Laura10% owner | 22,865 |
| Weymouth KatharineDirector | 7,615 |
| Maas, JacobExecutive VP | 7,156 |
| Davis Christopher CDirector | 5,638 |
| Wagoner G Richard JrDirector | 1,5751,575 held indirectly |
| Mulcahy Anne MDirector | 779779 held indirectly |
| Conley Danielle Y.Director | 480480 held indirectly |
| Markell Jack A.Director | 5555 held indirectly |
| Allen TonyDirector | 8 |
Questions about GHC
What does Graham Holdings Co do?
Graham Holdings Co is a company in the Real estate sector, listed on NYSE as GHC. Its shares trade on NYSE under the ticker GHC.
What is Graham Holdings Co's net worth?
Graham Holdings Co has a market value (market cap) of $5.1B at the latest share price, and shareholders' equity of $4.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Graham Holdings Co profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $495.7M.
When did Graham Holdings Co last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the new insider holdings from November 6, 2026.
When is Graham Holdings Co's next earnings report?
Graham Holdings Co's next report is expected around February 24, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Graham Holdings Co pay a dividend?
Yes. Graham Holdings Co declared dividends of $7.20 per share in fiscal 2025, a yield of 0.59% at the current price.
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Where the numbers come from
Financial figures are the values Graham Holdings Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.