Graham Holdings annual operating expenses
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Graham Holdings Operating Expenses Growth & History (GHC)
Graham Holdings's operating expenses was $4.68B for fiscal 2025.
View full Graham Holdings company overviewGraham Holdings annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.68B | $101.2M | +2.21% |
| 2024 | 2024-12-31 | $4.58B | $229.9M | +5.29% |
| 2023 | 2023-12-31 | $4.35B | $504.9M | +13.15% |
| 2022 | 2022-12-31 | $3.84B | $732.0M | +23.55% |
| 2021 | 2021-12-31 | $3.11B | $319.9M | +11.47% |
| 2020 | 2020-12-31 | $2.79B | $1.2M | +0.04% |
| 2019 | 2019-12-31 | $2.79B | $337.7M | +13.79% |
| 2018 | 2018-12-31 | $2.45B | −$5.6M | −0.23% |
| 2017 | 2017-12-31 | $2.46B | $196.4M | +8.70% |
| 2016 | 2016-12-31 | $2.26B | −$407.9M | −15.30% |
| 2015 | 2015-12-31 | $2.67B | $162.6M | +6.49% |
| 2014 | 2014-12-31 | $2.50B | $53.1M | +2.17% |
| 2013 | 2013-12-31 | $2.45B | −$772.8M | −23.97% |
| 2012 | 2012-12-31 | $3.22B | $32.1M | +1.01% |
| 2011 | 2011-12-31 | $3.19B | −$791.7M | −19.87% |
| 2010 | 2011-01-02 | $3.98B | −$52.1M | −1.29% |
| 2009 | 2010-01-03 | $4.04B | $55.8M | +1.40% |
| 2008 | 2008-12-28 | $3.98B | — | — |
Graham Holdings quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.22B | $75.9M | +6.64% |
| Q1 2026 | 2026-03-31 | $301.9M | −$816.5M | −73.00% |
| Q4 2025 | 2025-12-31 | $1.20B | $30.1M | +2.57% |
| Q3 2025 | 2025-09-30 | $1.21B | $86.2M | +7.66% |
| Q2 2025 | 2025-06-30 | $1.14B | −$16.3M | −1.41% |
| Q1 2025 | 2025-03-31 | $1.12B | $1.2M | +0.11% |
| Q4 2024 | 2024-12-31 | $1.17B | $873.6M | +291.44% |
| Q3 2024 | 2024-09-30 | $1.13B | −$43.1M | −3.69% |
| Q2 2024 | 2024-06-30 | $1.16B | $112.4M | +10.74% |
| Q1 2024 | 2024-03-31 | $1.12B | $113.3M | +11.29% |
| Q4 2023 | 2023-12-31 | $299.7M | −$103.6M | −25.68% |
| Q3 2023 | 2023-09-30 | $1.17B | $215.7M | +22.64% |
| Q2 2023 | 2023-06-30 | $1.05B | $153.0M | +17.11% |
| Q1 2023 | 2023-03-31 | $1.00B | $129.1M | +14.76% |
| Q4 2022 | 2022-12-31 | $403.3M | −$437.1M | −52.01% |
| Q3 2022 | 2022-09-30 | $952.9M | $126.9M | +15.36% |
| Q2 2022 | 2022-06-30 | $894.0M | $130.4M | +17.08% |
| Q1 2022 | 2022-03-31 | $874.8M | $196.1M | +28.90% |
| Q4 2021 | 2021-12-31 | $840.4M | $99.6M | +13.44% |
| Q3 2021 | 2021-09-30 | $826.0M | $149.3M | +22.06% |
| Q2 2021 | 2021-06-30 | $763.6M | $116.6M | +18.02% |
| Q1 2021 | 2021-03-31 | $678.6M | −$45.6M | −6.29% |
| Q4 2020 | 2020-12-31 | $740.8M | $7.6M | +1.04% |
| Q3 2020 | 2020-09-30 | $676.7M | −$45.8M | −6.34% |
| Q2 2020 | 2020-06-30 | $647.0M | −$32.6M | −4.80% |
| Q1 2020 | 2020-03-31 | $724.2M | $72.0M | +11.04% |
| Q4 2019 | 2019-12-31 | $733.2M | $119.7M | +19.50% |
| Q3 2019 | 2019-09-30 | $722.6M | $108.5M | +17.67% |
| Q2 2019 | 2019-06-30 | $679.6M | $72.6M | +11.96% |
| Q1 2019 | 2019-03-31 | $652.2M | $37.0M | +6.01% |
| Q4 2018 | 2018-12-31 | $613.5M | −$12.9M | −2.05% |
| Q3 2018 | 2018-09-30 | $614.0M | −$16.2M | −2.58% |
| Q2 2018 | 2018-06-30 | $607.1M | −$19.3M | −3.08% |
| Q1 2018 | 2018-03-31 | $615.2M | $42.8M | +7.47% |
| Q4 2017 | 2017-12-31 | $626.4M | $25.6M | +4.26% |
| Q3 2017 | 2017-09-30 | $630.3M | $76.7M | +13.85% |
| Q2 2017 | 2017-06-30 | $626.3M | $71.6M | +12.90% |
| Q1 2017 | 2017-03-31 | $572.5M | $22.6M | +4.11% |
| Q4 2016 | 2016-12-31 | $600.8M | $52.2M | +9.52% |
| Q3 2016 | 2016-09-30 | $553.6M | −$301.6M | −35.26% |
| Q2 2016 | 2016-06-30 | $554.8M | −$69.9M | −11.19% |
| Q1 2016 | 2016-03-31 | $549.9M | −$88.7M | −13.89% |
| Q4 2015 | 2015-12-31 | $548.6M | −$80.0M | −12.73% |
| Q3 2015 | 2015-09-30 | $855.2M | $193.2M | +29.18% |
| Q2 2015 | 2015-06-30 | $624.7M | $5.9M | +0.95% |
| Q1 2015 | 2015-03-31 | $638.6M | $43.6M | +7.34% |
| Q4 2014 | 2014-12-31 | $628.6M | −$141.2M | −18.34% |
| Q3 2014 | 2014-09-30 | $662.0M | −$115.2M | −14.82% |
| Q2 2014 | 2014-06-30 | $618.8M | −$152.2M | −19.74% |
| Q1 2014 | 2014-03-31 | $594.9M | −$175.8M | −22.81% |
| Q4 2013 | 2013-12-31 | $769.8M | −$149.0M | −16.22% |
| Q3 2013 | 2013-09-30 | $777.2M | −$7.2M | −0.92% |
| Q2 2013 | 2013-06-30 | $771.0M | −$12.2M | −1.56% |
| Q1 2013 | 2013-03-31 | $770.7M | −$19.3M | −2.44% |
| Q4 2012 | 2012-12-31 | $918.8M | −$12.3M | −1.33% |
| Q3 2012 | 2012-09-30 | $784.4M | −$157.9M | −16.75% |
| Q2 2012 | 2012-06-30 | $783.2M | −$179.5M | −18.64% |
| Q1 2012 | 2012-03-31 | $790.0M | −$179.2M | −18.49% |
| Q4 2011 | 2011-12-31 | $931.2M | −$100.0M | −9.70% |
| Q3 2011 | 2011-10-02 | $942.3M | −$103.8M | −9.92% |
| Q2 2011 | 2011-07-03 | $962.7M | −$63.3M | −6.17% |
| Q1 2011 | 2011-04-03 | $969.2M | −$49.0M | −4.81% |
| Q4 2010 | 2011-01-02 | $1.03B | — | — |
| Q3 2010 | 2010-10-03 | $1.05B | $11.9M | +1.15% |
| Q2 2010 | 2010-07-04 | $1.03B | −$37.7M | −3.54% |
| Q1 2010 | 2010-04-04 | $1.02B | — | — |
| Q3 2009 | 2009-09-27 | $1.03B | — | — |
| Q2 2009 | 2009-06-28 | $1.06B | — | — |
Graham Holdings operating expenses trends
Over the last five fiscal years, Graham Holdings's operating expenses increased from $2.79B to $4.68B, a change of $1.89B. The latest reported quarter, Q2 2026, shows $1.22B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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