McGraw Hill, Inc.

McGraw Hill

What the company does

• McGraw Hill is a global education solutions provider serving K‑12, higher education, and professional learning markets.
• The business combines proprietary content, software, and data to deliver personalized learning experiences at scale, supported by AI-driven tools and analytics.
• Focus areas include digital learning platforms, adaptive learning, assessments, and content delivery across the learning lifecycle.
• The company emphasizes content integrity, standards alignment, and collaboration with institutions, authors, and subject-matter experts.
• It offers a mix of digital solutions and print materials, with a gradual transition toward digital delivery (about 68% of revenue in fiscal year 2026).
• Uses Evergreen content delivery to provide continuous updates, and invests in AI-enabled tools (for example, AI Reader) and data-driven personalization (for example, McGraw Hill Plus).

Financial and operating highlights (fiscal years ended March 31)

• 2026: Revenue $2,102.8 million; Net income $35.3 million; Adjusted EBITDA $744.3 million.
• 2025: Revenue $2,101.3 million; Net income $(85.8) million; Adjusted EBITDA $726.8 million.
• 2024: Revenue $1,960.5 million; Net income $(193.0) million; Adjusted EBITDA $656.6 million.
• Completed an initial public offering in July 2025 (issued 24,390,000 shares). Common stock trades on the NYSE under the symbol MH.
• Fiscal year: 52-week period ending March 31.

Customers, users, and scale

• Paid digital users: about 26.7 million (2026); 26.2 million (2025).
• Learning interactions: more than 25.6 billion in fiscal year 2026.
• Lifetime reach of flagship platforms: ConnectEd has supported over 34.2 million lifetime learners; ALEKS has supported over 71.3 million lifetime learner courses (K‑12 and Higher Education).
• Global footprint: operations and solutions delivered in more than 100 countries and more than 80 languages.
• Brand presence: over 100 million active student and educator curriculum licenses worldwide.
• Human capital: approximately 4,400 permanent employees across 35 countries (as of March 31, 2026); about 83% in the Americas, 10% in APAC, 7% in EMEA. Approximately 250 employees in Italy, Mexico, and Spain are covered by collective bargaining agreements.
• Sales footprint: approximately 1,500 sales professionals worldwide (as of March 31, 2026).

Segments and market composition

Four reportable segments and their approximate contribution to 2026 total revenue:

• K‑12: ~42%

• Higher Education: ~42%

• Global Professional: ~7%

• International: ~9%

• K‑12 solutions center on Core, Supplemental, and Intervention offerings, with ConnectEd as the flagship digital solution; ALEKS is a key AI-powered math/chemistry platform; McGraw Hill Plus consolidates data sources and provides personalized pathways.

• Higher Education solutions include Connect, ALEKS, Sharpen, SIMnet, print materials, and other specialized content; Evergreen delivers continuous content updates; Inclusive Access/affordability programs are highlighted.

• Global Professional serves medical and engineering markets (for example, AccessMedicine, Boards & Beyond, First Aid Forward, Clinical Reasoning).

• International operations extend U.S.-origin content and solutions to more than 100 countries, with local language adaptations as needed.

Growth and strategic focus

• Acquire new customers: use brand, global go-to-market reach, and Evergreen/digital solutions to win new customers.
• Cross-sell and up-sell: expand adoption across institutional footprints and across core, supplemental, and intervention solutions; target education segments with data-driven insights.
• Data and AI-driven differentiation: use billions of learning interactions to train models, improve personalization, and increase adoption.
• Technology-enabled innovation: invest in learning solutions across the lifecycle, including interactive simulations, 3‑D models, and generative AI tools (for example, AI Reader).
• International expansion: grow outside the U.S. through Connect, ALEKS, and other digital platforms; operate in 100+ countries and 80+ languages.

Notable product and platform details

• K‑12: ConnectEd (digital learning solution with planning and analytics), ALEKS (AI-driven math/science, including ALEKS Adventure for K‑5), McGraw Hill Plus (data harmonization, Standards/Skills Graph, curated content collections).
• Higher Education: Connect (course creation and student performance insights), ALEKS, Sharpen (AI-powered mobile study app), SIMnet (Office productivity skills), print textbooks, and other specialized content (APR, GO, Virtual Labs).
• Global Professional: Access (AccessMedicine family and related specialties), eContent/eBooks, Boards & Beyond, First Aid Forward, Clinical Reasoning (AI-powered clinical cases and feedback).

Corporate structure and governance

• McGraw Hill, Inc. is a holding company; its principal asset is its equity interest in McGraw-Hill Education, Inc.
• A large ownership stake is held by Platinum Advisors, including investor rights that influence board composition and governance.
• The company maintains governance provisions, including forum selections and indemnification arrangements.

Summary

McGraw Hill is a major education publisher and technology provider that has moved from print toward digital delivery. It provides standards-aligned content and AI-enabled learning solutions across K‑12, higher education, and professional learning, with a broad international footprint and an emphasis on data-driven personalization and continuous content updates. The company reported roughly $2.1 billion in revenue for each of fiscal years 2025 and 2026, reported net income of $35.3 million in 2026 and $(85.8) million in 2025, and employed approximately 4,400 people across 35 countries as of March 31, 2026.