What happened with MH today?
No read yet
Uses news and trading volume to explain the day’s move and how it relates to the market.
Stop guessing. Get the call, a three-month target price, the best and worst cases, and a source for every claim.
Most of McGraw Hill’s revenue comes from U.S. school and higher education materials, with the two businesses contributing roughly equally. Digital products generate most revenue overall, although print remains important, especially in school curricula.
School districts buy combined digital and print curricula directly from McGraw Hill under multi-year contracts and typically pay upfront for curriculum licenses. Sales depend on public-school funding and state purchasing cycles, particularly in California, Florida and Texas. Materials must meet state academic standards and other approval criteria to qualify for adoption.
In higher education, instructors choose course materials and students buy access or print copies, mainly through online retailers and distribution partners. Evergreen supplies regularly updated digital content through existing learning solutions and accounts for most higher education revenue. Demand depends on instructor adoption and student enrollment. A small group of resellers handles sales and digital fulfillment; one supplies a meaningful share of company revenue, making its orders and payments important.
Smaller businesses sell medical and engineering resources, including subscriptions to Access, and distribute school and college materials internationally, often adapting U.S. content for local markets.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
McGraw Hill’s results hinge on school curriculum purchasing cycles and college courseware adoption; watch Cengage in higher education and Houghton Mifflin Harcourt in K–12, neither shown here.
Pearson competes with McGraw Hill for colleges’ and students’ spending on digital courseware and printed learning materials. Watch Pearson’s higher-education courseware business for signs of changing instructor adoption and student demand—the same forces that shape McGraw Hill’s college sales.
Stride, Inc. and McGraw Hill compete to sell K–12 curricula to schools and districts, but Stride also supplies teaching and school-support services. Its curriculum sales to those customers are the closer comparison for McGraw Hill’s digital and print school materials than its broader service business.
RELX’s Elsevier business competes with McGraw Hill to supply medical and technical learning content to institutions and learners, a narrower overlap than McGraw Hill’s school and college markets. Watch that content business rather than RELX’s overall results: McGraw Hill’s Global Professional segment contributed about 7% of revenue in the fiscal year ended March 31, 2026.
Stride, Inc. earningsLRN
Stride’s report will show how schools and districts are buying curricula, a market where it competes directly with McGraw Hill’s learning materials.
Focus on Stride’s curriculum sales, not its teaching and school-support services. Firm curriculum sales would suggest demand is holding up in the district market McGraw Hill also serves; weaker curriculum sales despite stronger overall results would mean the broader services business is masking softness in the comparable materials market.
Fed Interest Rate Decision
McGraw Hill’s rate-sensitive borrowing means the Fed’s decision, which guides borrowing costs across the economy, can change the interest it pays on variable-rate debt and leave less cash for operations and debt service.
Expected4.0%Last release4.0%
If it comes in above expectations
If the policy rate is higher than expected, McGraw Hill may pay more on variable-rate debt, leaving less operating cash for scheduled debt payments and other needs.
If it comes in below expectations
If the policy rate is lower than expected, McGraw Hill may pay less on variable-rate debt, leaving more operating cash for scheduled debt payments and other needs.
McGraw Hill, Inc. earningsThis company
McGraw Hill’s report will show whether growth in higher-education digital subscriptions can offset the swings in U.S. school-district curriculum purchases.
Read Higher Education recurring revenue alongside K-12 transactional revenue. Growth in the first with the second stabilizing would show digital subscriptions and school-material sales both supporting the business; growth in the first while the second keeps falling would show school-district purchasing timing or demand still weighing on results, with digital revenue not yet filling the gap.
