The education publisher reported 6% recurring revenue growth and margin expansion, exceeding its IPO targets for the year ended March 31, 2026.
McGraw Hill reported fiscal 2026 revenue of $2.1 billion, surpassing its guided range and marking a $2 million increase from the prior year. Recurring revenue grew 6% and accounted for over 73% of total revenue, driven by higher education and AI-enabled products.
The company exceeded its IPO expectations for revenue and adjusted EBITDA, with executives highlighting margin expansion and a strong K-12 literacy curriculum pipeline. Fiscal 2027 guidance calls for modest revenue growth and continued debt reduction.
Leadership expressed confidence in AI-driven innovation and the transition under CEO Philip Moyer, who has led the company for 120 days.