McGraw Hill

Is McGraw Hill publicly traded?
Yes. McGraw Hill trades on the New York Stock Exchange under the ticker symbol MH. The company went public in July 2025 through an initial public offering led by Platinum Equity, which remains the controlling shareholder with approximately 86.3% of voting power.

Who owns McGraw Hill?
Platinum Equity, a private equity firm with approximately $48 billion in assets under management, controls McGraw Hill through investment vehicles that hold approximately 86.3% of voting power as of June 2026. The company is classified as an NYSE "controlled company" due to this majority ownership.

When did McGraw Hill go public?
McGraw Hill completed its initial public offering in July 2025, trading on the New York Stock Exchange under the ticker symbol MH. Prior to the IPO, the company was wholly owned by Platinum Equity, which acquired it from Apollo Global Management in July 2021 for $4.5 billion.

Who is the CEO of McGraw Hill?
Philip Moyer is the president and CEO of McGraw Hill, having succeeded Simon Allen in February 2026. Allen remains board chair. Moyer's focus includes AI-powered learning tools and cloud-based knowledge offerings.

What is McGraw Hill's annual revenue?
McGraw Hill reported total revenue of $2.1 billion for fiscal year 2026, which ended March 31, 2026. Re-occurring revenue totaled $1.54 billion, representing 73% of total revenue. The company reported net income of $35.3 million and adjusted EBITDA of $744.3 million.

What does McGraw Hill do?
McGraw Hill develops and sells educational content, digital learning platforms, and assessment tools for PreK-12 schools, higher education institutions, and professional learners. The company serves over 100 million active student and educator curriculum licenses in more than 100 countries, with materials available in over 80 languages.

How does McGraw Hill make money?
McGraw Hill generates revenue through digital subscriptions, print textbook sales, licensing arrangements with educational institutions, and professional learning content. Digital revenue accounted for approximately 68% of total revenue in fiscal year 2026, with re-occurring revenue (subscriptions and recurring licenses) representing 73% of the total.

McGraw Hill traces its origins to 1888, when James H. McGraw and John A. Hill founded separate publishing operations in New York City. McGraw published the American Journal of Railway Appliances, while Hill published Locomotive Engineer. The two operations merged in 1909 to form the McGraw-Hill Publishing Company, combining trade journalism with an expanding catalog of technical and educational titles.

Throughout the early and mid-20th century, McGraw-Hill grew through acquisitions and organic expansion into textbook publishing, professional reference works, and trade magazines. The company became a major publisher in engineering, business, and science education, building a reputation for authoritative content in fields requiring rigorous technical accuracy.

In 2013, McGraw-Hill Education was acquired by Apollo Global Management for $2.4 billion, taking the education division private. Apollo had previously separated the education business from McGraw-Hill Financial (which became S&P Global). Under Apollo's ownership, the company invested in digital transformation, developing online learning platforms and adaptive assessment tools while reducing dependence on print textbook sales.

In July 2021, Platinum Equity acquired McGraw-Hill Education from Apollo for $4.5 billion. Platinum, a private equity firm with approximately $48 billion in assets under management, merged the acquisition into a holding structure under McGraw Hill, Inc. The company continued investing in digital platforms and AI-driven learning tools under Platinum's ownership.

In June 2025, McGraw Hill filed for an initial public offering with the U.S. Securities and Exchange Commission. The IPO priced in July 2025, and the company began trading on the New York Stock Exchange under the ticker symbol MH. Platinum retained approximately 86.3% of voting power after the offering, maintaining its position as controlling shareholder. The company used IPO proceeds and operating cash flow to reduce gross debt by $646 million during fiscal year 2026.

In February 2026, CEO Simon Allen retired and was succeeded by Philip Moyer. Allen remained board chair. The leadership transition coincided with the company's first full year of public reporting, which showed flat revenue but improved profitability as cost reductions and digital mix shifts expanded margins.

McGraw Hill's sustainability efforts center on educational accessibility, digital learning infrastructure, and responsible content development. The company has not published independently verified sustainability disclosures through frameworks such as CDP or SBTi, and it is not a certified B Corporation. The following information is drawn from company-reported initiatives and should be evaluated accordingly.

The company's environmental strategy includes commitments to reducing carbon emissions from operations, sustainable paper sourcing for printed materials, and energy-efficient digital infrastructure. Print materials are sourced from suppliers certified by the Forest Stewardship Council where possible. Digital delivery reduces the environmental footprint associated with physical textbook production and distribution.

Educational accessibility initiatives focus on compliance with the Americans with Disabilities Act and Section 508 standards for digital content. McGraw Hill designs its digital platforms to support screen readers, captioning, and alternative text formats. The company also offers rental programs and digital subscription models to reduce student costs.

Data privacy is a significant operational responsibility. McGraw Hill complies with the Family Educational Rights and Privacy Act (FERPA), the Children's Online Privacy Protection Act (COPPA), and international data protection regulations including GDPR. The company processes large volumes of student data through its learning platforms, making privacy and security a core compliance function rather than a peripheral concern.

McGraw Hill has received recognition for workplace culture and educational innovation:

• America's Best Midsize Employers (2023, 2024, 2025, 2026): Recognized by Forbes across four consecutive years
• America's Best Midsize Companies (2025): Named by TIME magazine
• Most Trustworthy Companies in America (2023, 2025): Named by Newsweek
• America's Greatest Workplaces for Women (2024): Recognized by Newsweek
• Best Workplaces for Innovators: Education (2023): Honored by Fast Company
• Harold W. McGraw, Jr. Prize in Education: Supported through the McGraw Family Foundation, recognizing leaders in education
• McGraw Hill Pathfinder Awards (2025): National program recognizing innovative educators

McGraw Hill operates in the regulated education sector and faces scrutiny related to content accuracy, assessment validity, textbook pricing, and student data privacy.

Textbook pricing has been a persistent issue across the education publishing industry. McGraw Hill has faced criticism from student advocacy groups over the cost of new editions and access codes. The company has responded with digital subscription models, rental programs, and loose-leaf options, though critics argue that bundled access codes limit the used-book market and keep costs high for students.

Content accuracy and bias concerns have surfaced periodically. In 2015, a McGraw Hill geography textbook was widely criticized for describing the Atlantic slave trade as a pattern of "immigration" and referring to enslaved people as "workers." The company apologized and revised the text. This incident remains a reference point in discussions about editorial review standards in educational publishing.

As a digital platform operator, McGraw Hill collects and processes substantial student data. The company must comply with FERPA, COPPA, and state-level student privacy laws. Privacy advocates have raised concerns about the amount of data collected through adaptive learning platforms and how it is used for product development.

The company's status as an NYSE "controlled company" has drawn governance scrutiny. Because Platinum Equity controls more than 50% of voting power, McGraw Hill is exempt from certain NYSE requirements, including having a majority independent board and fully independent compensation and nominating committees. Some governance advocates argue that controlled company status reduces accountability to public minority shareholders.

Generative AI poses both a competitive threat and a regulatory challenge. McGraw Hill identified AI as a risk factor in its IPO filing, noting that generative AI tools could reduce demand for traditional educational content. The company is also developing AI-powered learning tools, creating tension between protecting its intellectual property and leveraging AI for product innovation.