McGraw Hill Posts 9.6% Revenue Jump in Fiscal Q1 2027, Topping Expectations
McGraw Hill reported fiscal first-quarter 2027 revenue of US$199.8 million on 12 August 2026, a 9.6% increase year-over-year, with results that the company described as exceeding expectations. (BusinessWire)
The education publisher — known to generations of students for its textbooks and digital learning platforms — also posted a net income margin of 10.5% for the quarter, according to figures carried by the Financial Times. (Financial Times)
Recurring revenue, a metric that strips out one-time sales to show the steady subscription and contract income publishers rely on, reached US$387.6 million, up 7.1% from the same period a year earlier. That figure appears on McGraw Hill's quarterly results page, updated 12 August 2026. (McGraw Hill IR)
The same results page hosts a press release containing forward-looking estimates of Adjusted EBITDA — earnings before interest, taxes, depreciation and amortisation, a common yardstick for operating performance — for fiscal year 2027, alongside the previously reported fiscal first-quarter 2026 total revenue of US$535.7 million. That earlier quarter, reported in August 2025, had shown revenue growth of 2.4% and Adjusted EBITDA of US$191.4 million, itself a 7.2% year-over-year rise. (McGraw Hill IR)
McGraw Hill had announced on 14 July 2026 that it would release the first-quarter 2027 figures and host a webcast on 13 August 2026, landing the actual results the evening before. (McGraw Hill IR)
For context on the company's trajectory: in fiscal year 2026, McGraw Hill exceeded its own guidance, a release on 11 June 2026 confirmed, attributing the result to recurring revenue growth and positive net income. The third quarter of that fiscal year had produced Adjusted EBITDA of US$135.9 million with a margin of 31.3%, up nearly 100 basis points — one percentage point — year-over-year. (McGraw Hill IR) (McGraw Hill IR)
What stands out in the latest quarter is the acceleration. Revenue growth of 9.6% is a sharp step up from the 2.4% posted in the prior year's first quarter, and the recurring-revenue figure of US$387.6 million suggests that subscription and contract income — the part of the business less vulnerable to a single semester's textbook adoption cycle — continues to expand at a solid clip.
The company's investor relations team, led by Senior Vice President Danielle Kloeblen with Director Zack Ajzenman and Senior Manager Lizzie Kenter, fielded the results through the investor relations page and the scheduled webcast.
