Graham Holdings annual return on equity
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Graham Holdings Return on Equity (ROE) Growth & History (GHC)
Graham Holdings's return on equity was 6.46% for fiscal 2025.
View full Graham Holdings company overviewGraham Holdings annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 6.46% | −11.15 pp |
| 2024 | 2024-12-31 | 17.60% | +12.28 pp |
| 2023 | 2023-12-31 | 5.33% | +3.68 pp |
| 2022 | 2022-12-31 | 1.65% | −6.98 pp |
| 2021 | 2021-12-31 | 8.63% | +0.14 pp |
| 2020 | 2020-12-31 | 8.49% | −2.03 pp |
| 2019 | 2019-12-31 | 10.51% | +1.21 pp |
| 2018 | 2018-12-31 | 9.30% | −1.95 pp |
| 2017 | 2017-12-31 | 11.25% | +4.43 pp |
| 2016 | 2016-12-31 | 6.82% | +10.40 pp |
| 2015 | 2015-12-31 | −3.58% | −43.75 pp |
| 2014 | 2014-12-31 | 40.18% | +32.13 pp |
| 2013 | 2013-12-31 | 8.05% | +2.96 pp |
| 2012 | 2012-12-31 | 5.09% | +0.77 pp |
| 2011 | 2011-12-31 | 4.33% | −5.34 pp |
| 2010 | 2011-01-02 | 9.67% | — |
Graham Holdings quarterly return on equity
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Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 5.92% | +5.07 pp |
| Q1 2026 | 2026-03-31 | 0.65% | +0.09 pp |
| Q4 2025 | 2025-12-31 | 2.35% | −10.94 pp |
| Q3 2025 | 2025-09-30 | 2.79% | +0.97 pp |
| Q2 2025 | 2025-06-30 | 0.85% | +1.38 pp |
| Q1 2025 | 2025-03-31 | 0.56% | −2.54 pp |
| Q4 2024 | 2024-12-31 | 13.29% | +11.90 pp |
| Q3 2024 | 2024-09-30 | 1.82% | +2.43 pp |
| Q2 2024 | 2024-06-30 | −0.53% | −3.78 pp |
| Q1 2024 | 2024-03-31 | 3.10% | +1.70 pp |
| Q4 2023 | 2023-12-31 | 1.39% | +1.24 pp |
| Q3 2023 | 2023-09-30 | −0.61% | −1.38 pp |
| Q2 2023 | 2023-06-30 | 3.25% | +4.79 pp |
| Q1 2023 | 2023-03-31 | 1.40% | −0.76 pp |
| Q4 2022 | 2022-12-31 | 0.15% | −1.87 pp |
| Q3 2022 | 2022-09-30 | 0.77% | −0.23 pp |
| Q2 2022 | 2022-06-30 | −1.54% | −4.49 pp |
| Q1 2022 | 2022-03-31 | 2.16% | −0.79 pp |
| Q4 2021 | 2021-12-31 | 2.03% | −4.75 pp |
| Q3 2021 | 2021-09-30 | 1.00% | −1.41 pp |
| Q2 2021 | 2021-06-30 | 2.95% | +2.36 pp |
| Q1 2021 | 2021-03-31 | 2.95% | +3.97 pp |
| Q4 2020 | 2020-12-31 | 6.78% | +2.20 pp |
| Q3 2020 | 2020-09-30 | 2.41% | +0.99 pp |
| Q2 2020 | 2020-06-30 | 0.59% | −1.31 pp |
| Q1 2020 | 2020-03-31 | −1.02% | −3.79 pp |
| Q4 2019 | 2019-12-31 | 4.58% | +2.66 pp |
| Q3 2019 | 2019-09-30 | 1.42% | −2.86 pp |
| Q2 2019 | 2019-06-30 | 1.89% | +0.28 pp |
| Q1 2019 | 2019-03-31 | 2.77% | +1.29 pp |
| Q4 2018 | 2018-12-31 | 1.92% | −5.90 pp |
| Q3 2018 | 2018-09-30 | 4.27% | +3.30 pp |
| Q2 2018 | 2018-06-30 | 1.62% | −0.06 pp |
| Q1 2018 | 2018-03-31 | 1.48% | +0.62 pp |
| Q4 2017 | 2017-12-31 | 7.82% | +6.33 pp |
| Q3 2017 | 2017-09-30 | 0.97% | −0.36 pp |
| Q2 2017 | 2017-06-30 | 1.67% | −0.80 pp |
| Q1 2017 | 2017-03-31 | 0.85% | −0.68 pp |
| Q4 2016 | 2016-12-31 | 1.49% | −0.54 pp |
| Q3 2016 | 2016-09-30 | 1.33% | +9.37 pp |
| Q2 2016 | 2016-06-30 | 2.47% | +0.63 pp |
| Q1 2016 | 2016-03-31 | 1.53% | +0.86 pp |
| Q4 2015 | 2015-12-31 | 2.03% | −9.07 pp |
| Q3 2015 | 2015-09-30 | −8.04% | −10.72 pp |
| Q2 2015 | 2015-06-30 | 1.84% | −22.19 pp |
| Q1 2015 | 2015-03-31 | 0.67% | −3.28 pp |
| Q4 2014 | 2014-12-31 | 11.09% | +5.90 pp |
| Q3 2014 | 2014-09-30 | 2.68% | +1.56 pp |
| Q2 2014 | 2014-06-30 | 24.03% | +22.34 pp |
| Q1 2014 | 2014-03-31 | 3.95% | +3.75 pp |
| Q4 2013 | 2013-12-31 | 5.19% | +6.93 pp |
| Q3 2013 | 2013-09-30 | 1.12% | −2.48 pp |
| Q2 2013 | 2013-06-30 | 1.69% | −0.30 pp |
| Q1 2013 | 2013-03-31 | 0.20% | −1.01 pp |
| Q4 2012 | 2012-12-31 | −1.74% | −4.11 pp |
| Q3 2012 | 2012-09-30 | 3.60% | +3.82 pp |
| Q2 2012 | 2012-06-30 | 2.00% | +0.30 pp |
| Q1 2012 | 2012-03-31 | 1.20% | +0.64 pp |
| Q4 2011 | 2011-12-31 | 2.37% | −0.45 pp |
| Q3 2011 | 2011-10-02 | −0.23% | −2.35 pp |
| Q2 2011 | 2011-07-03 | 1.69% | −1.43 pp |
| Q1 2011 | 2011-04-03 | 0.57% | — |
| Q4 2010 | 2011-01-02 | 2.82% | — |
| Q3 2010 | 2010-10-03 | 2.13% | — |
| Q2 2010 | 2010-07-04 | 3.12% | — |
Graham Holdings return on equity trends
Over the last five fiscal years, Graham Holdings's return on equity decreased from 8.49% to 6.46%, a change of −2.03 percentage points. The latest reported quarter, Q2 2026, shows 5.92%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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