McGraw Hill, Inc. (NYSE: MH), a leading global provider of education solutions for preK-12, higher education and professional learning, today announced financial results for the fiscal fourth quarter 2026 and year-end March 31, 2026.
Total revenue of $2,102.8 million, an increase of 0.1% year-over-year, driven by strong Higher Education execution, offsetting the anticipated smaller K-12 market opportunity driven by procurement cycles.
Re-occurring revenue of $1,541.0 million, an increase of 5.8% year-over-year, representing more than 73% of total revenue.
Digital revenue of $1,433.6 million, an increase of 5.5% year-over-year amid accelerating student and instructor engagement.
Remaining performance obligation (RPO) of $1,671.4 million as of March 31, 2026 demonstrating predictability and visibility into future revenue growth.
GAAP gross profit of $1,701.6 million, representing a GAAP gross profit margin of 80.9%, an increase of over 100 basis points versus prior year.
GAAP net income (loss) of $35.3 million, compared to $(85.8) million in the prior-year period.
Adjusted EBITDA of $744.3 million, representing an Adjusted EBITDA margin of 35.4%, an increase of nearly 80 basis points versus prior year.
MH shares dropped 87 cents, or 6.8%, to $12.00.
