McGraw Hill Reports Second-Quarter Revenue of $632.2 Million, Names Division Presidents
The company, with principal executive offices in Columbus, reaffirmed full-year guidance and announced leaders for Higher Education and K-12.
McGraw Hill, Inc., maintains its principal executive offices at 8787 Orion Place in Columbus, according to a federal Form 8-K filing. In an earnings release datelined Columbus on Nov. 5, the company reported fiscal second-quarter 2027 results. Total revenue fell 5.5% year over year to $632.2 million, according to the financial results.
Net income for the quarter totaled $86.4 million, down from $105.3 million in the prior-year period, according to the quarterly report. Digital revenue grew 2.6% year over year to $361.4 million, while subscription-driven re-occurring revenue reached $414.1 million, or 65.5% of total sales, according to company disclosures. McGraw Hill reported Adjusted EBITDA of $250.6 million, labeling the figure as a non-GAAP financial measure. Management reaffirmed full-year fiscal 2027 guidance, projecting revenue between $2.115 billion and $2.175 billion and Adjusted EBITDA between $750 million and $790 million, according to the financial outlook.
Robin Lucas took office Oct. 19 as president of Higher Education, succeeding Michael Ryan ahead of his retirement before year-end, according to the leadership announcement. Lucas previously served as chief sales officer for Higher Education after joining the company's marketing team in 2015, according to the publisher. Jana Thompson took office Oct. 1 as president of the K-12 business, bringing 13 years of experience at McGraw Hill after serving as interim president and chief product officer of the school group, according to the release.
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The sources and records behind this story, with the facts they support.
McGraw Hill Form 8-K Items 2.02/9.01 (filed Nov. 5, 2026, 7:14 a.m. ET)
Supporting evidence (1)
McGraw Hill, Inc., maintains its principal executive offices at 8787 Orion Place in Columbus, according to a federal Form 8-K filing.
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McGraw Hill Form 8-K Items 2.02/9.01 (filed Nov. 5, 2026, 7:14 a.m. ET) Principal executive offices: 8787 Orion Place, Columbus, OH 43240.
McGraw Hill Ex. 99.1 Fiscal Q2 2027 results (BusinessWire dateline Columbus, Nov. 5, 2026)
Supporting evidence (1)
In an earnings release datelined Columbus on Nov. 5, the company reported fiscal second-quarter 2027 results.
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McGraw Hill Ex. 99.1 Fiscal Q2 2027 results (BusinessWire dateline Columbus, Nov. 5, 2026)
Supporting evidence (9)
Total revenue fell 5.5% year over year to $632.2 million, according to the financial results.
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Total revenue of $632.2 million, a decline of 5.5% year-over-year
Net income for the quarter totaled $86.4 million, down from $105.3 million in the prior-year period, according to the quarterly report.
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GAAP net income of $86.4 million, compared to $105.3 million in the prior-year period;
Digital revenue grew 2.6% year over year to $361.4 million, while subscription-driven re-occurring revenue reached $414.1 million, or 65.5% of total sales, according to company disclosures.
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Re-occurring revenue of $414.1 million, a decline of 2.0% year-over-year, reached 65.5% of total revenue; year-to-date re-occurring revenue growth of 3.7% year-over-year underscoring subscription model durability.Digital revenue of $361.4 million, an increase of 2.6% year-over-year;
McGraw Hill reported Adjusted EBITDA of $250.6 million, labeling the figure as a non-GAAP financial measure.
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Adjusted EBITDA (1) of $250.6 million, representing an Adjusted EBITDA margin (1) of 39.6%
McGraw Hill reported Adjusted EBITDA of $250.6 million, labeling the figure as a non-GAAP financial measure.
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In addition to presenting financial results that have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”), we have included in this release the following non-GAAP financial measures—EBITDA, Adjusted EBITDA
Management reaffirmed full-year fiscal 2027 guidance, projecting revenue between $2.115 billion and $2.175 billion and Adjusted EBITDA between $750 million and $790 million, according to the financial outlook.
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We are re-affirming our fiscal year 2027 guidance, which is included below. This fiscal year 2027 guidance is forward-looking, and is based on the Company’s current expectations. Actual results may differ materially from what is indicated below.Fiscal Year 2027 Guidance($ in millions)LowHighRevenue$2,115$2,175Re-occurring Revenue1,5871,627Adjusted EBITDA(1)750790
Robin Lucas took office Oct. 19 as president of Higher Education, succeeding Michael Ryan ahead of his retirement before year-end, according to the leadership announcement.
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Robin Lucas has been appointed President of McGraw Hill's Higher Education business, effective October 19, 2026. Previously Chief Sales Officer of McGraw Hill’s Higher Education business, Ms. Lucas succeeds Michael Ryan, who will be retiring before year-end.
Lucas previously served as chief sales officer for Higher Education after joining the company's marketing team in 2015, according to the publisher.
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Previously Chief Sales Officer of McGraw Hill’s Higher Education business, Ms. Lucas succeeds Michael Ryan, who will be retiring before year-end. With 25 years in education sales and marketing leadership roles and a proven record of driving market share gains, Ms. Lucas is well-positioned to lead Higher Education's next phase of global growth. She joined McGraw Hill's Higher Education marketing team in 2015.
Jana Thompson took office Oct. 1 as president of the K-12 business, bringing 13 years of experience at McGraw Hill after serving as interim president and chief product officer of the school group, according to the release.
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Jana Thompson has been appointed President of McGraw Hill's K-12 business, effective October 1, 2026. Previously serving as Interim President and Chief Product Officer of McGraw Hill’s School group. Ms. Thompson has over 25 years of education technology experience. She has been with McGraw Hill for 13 years in various technology and product leadership roles