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McGraw Hill Inc. Q3 Higher Education Re-occurring Revenue Up 33.5% to USD 196.0 Million

Reuters
Feb 12
<a href="https://laohu8.com/S/MH">McGraw Hill</a> Inc. Q3 Higher Education Re-occurring Revenue Up 33.5% to USD 196.0 Million

McGraw Hill reported its financial results for the third quarter (Q3) of fiscal 2026, recording total revenue of USD 434.2 million, an increase of 4.2% year-over-year. Higher Education was a key growth driver, with revenue in this segment reaching USD 225.4 million, up 24.0% year-over-year. Re-occurring revenue for Higher Education came in at USD 196.0 million, rising 33.5% year-over-year, while digital revenue in the segment increased by 24.8% to USD 203.1 million. For the full fiscal year 2026, McGraw Hill raised its guidance, with expected total revenue now ranging from USD 2.03 billion to USD 2.09 billion. Re-occurring revenue is projected between USD 1.50 billion and USD 1.53 billion, and adjusted EBITDA is forecasted between USD 702 million and USD 739 million. The company attributed its performance to strong market share gains in Higher Education, value-based pricing, and favorable enrollment trends. Product highlights for the quarter included the expansion of offerings such as ALEKS Adventure, ALEKS Calculus, Sharpen Advantage for Higher Education institutions, and McGraw Hill Plus. The company also highlighted the launch of first-to-market Evergreen content delivery and noted continued operating leverage and improvements in free cash flow, which enabled further debt reduction in Q3. Leadership updates included the appointment of Philip Moyer as President and Chief Executive Officer effective February 9, 2026, while Simon Allen continues as Chair of the Board of Directors.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. McGraw Hill Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001951070-26-000010), on February 11, 2026, and is solely responsible for the information contained therein.

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