# Graham Holdings Co

Summary updated: 2026-10-04T09:38:43.113146Z
Canonical: https://finbar.com/research/companies/graham-holdings-co

## Overview

Graham Holdings Company is a diversified holding company with businesses in education, television broadcasting, healthcare, manufacturing and automotive, alongside other activities. Its portfolio includes Kaplan’s education and training services, seven television stations, healthcare providers and software businesses, manufacturers, and automotive dealerships and repair services. Its principal reportable segments are Education, Television Broadcasting, Healthcare, Manufacturing and Automotive. [1](https://app.finbar.com/go?id=P88943006)[2](https://app.finbar.com/go?id=P619474)

The company reported FY2025 consolidated revenue of $4.912 billion and approximately 19,920 employees worldwide. Kaplan gives the company an international presence, with operations in 40 countries; some other businesses are U.S.-focused. [2](https://app.finbar.com/go?id=P619474)[1](https://app.finbar.com/go?id=P88943006) Graham Holdings describes shared goals and values across businesses that retain their own identities, emphasizing quality, innovation, customer service and community involvement. [3](https://www.ghco.com/management-approach/)
[1](https://app.finbar.com/go?id=P88943006)[2](https://app.finbar.com/go?id=P619474)[3](https://www.ghco.com/management-approach/)

## Products & services

Graham Holdings’ products and services include Kaplan’s academic and professional learning offerings: international-student preparation, English-language instruction, pre-college through graduate programs, exam preparation for school, graduate, professional-certification and licensure tests, and career and academic advising. Kaplan also offers sixth-form education in the U.K.; diplomas and degrees, university preparation, professional accountancy and financial-market training, and corporate training in Singapore and Hong Kong. In 2025, Kaplan served about 1.16 million students and professionals and sold 1.46 million books and study-aid units, with instruction delivered in person and online, directly and through institutions and employers. [1](https://app.finbar.com/go?id=P88943006)[4](https://app.finbar.com/go?id=P86458993)[5](https://app.finbar.com/go?id=P237098)

Graham Media Group’s offerings include television programming from seven stations and SocialNewsDesk social-media-management tools for newsrooms. Its described ATSC 3.0/NextGen TV capabilities include improved picture and sound, localized news and weather, enhanced emergency alerts, improved mobile reception and targeted advertising. [6](https://app.finbar.com/go?id=P54575743)[7](https://app.finbar.com/go?id=P33913877) Healthcare services include CSI Pharmacy’s nursing care and prescriptions for in-home infusion patients; home health, hospice and palliative care; applied behavior analysis therapy; allergy, asthma and immunology physician services; in-home aesthetics; and healthcare software. Named offerings include Clarus call-management software for physician groups and hospitals, as well as services from Residential Home Health, Residential Hospice, AHN Healthcare@Home and Mary Free Bed at Home. [8](https://app.finbar.com/go?id=P119778336)[9](https://app.finbar.com/go?id=P122322460)[10](https://app.finbar.com/go?id=P112325736)[11](https://app.finbar.com/go?id=P47868421)

Manufactured products include Hoover pressure-impregnated, kiln-dried lumber and plywood for fire-retardant and preservative uses, and aluminum cladding from Hoover Architectural Solutions; Dekko office and furniture power-and-data distribution, lighting and electrical harnesses; Joyce/Dayton screw jacks, linear actuators and lifting systems; and Forney burners, igniters, dampers and controls for utility and industrial combustion processes. [12](https://app.finbar.com/go?id=P108459671)[13](https://app.finbar.com/go?id=P75404344)[14](https://app.finbar.com/go?id=P86243980)[15](https://app.finbar.com/go?id=P67513261) Other offerings include automotive sales and valet repair across dealerships representing Lexus, Honda, Ford, Toyota, Chrysler-Dodge-Jeep-Ram and Kia; Slate and Foreign Policy magazines; local-news podcasts and newsletters; audio-monetization software; online art galleries and in-person art fairs; and an online commerce platform selling consumer products featuring original art and designs. [16](https://app.finbar.com/go?id=P19231972)[1](https://app.finbar.com/go?id=P88943006) In Q1 2026, reported revenue growth included 4% at Kaplan International, 8% in broadcasting, 20% in healthcare and 28% in manufacturing; these are business performance growth figures, not individual product shares of company revenue. [17](https://app.finbar.com/go?id=P81402958)[18](https://app.finbar.com/go?id=P46125382)[19](https://app.finbar.com/go?id=P70897964)[20](https://app.finbar.com/go?id=P23686228)
[1](https://app.finbar.com/go?id=P88943006)[4](https://app.finbar.com/go?id=P86458993)[5](https://app.finbar.com/go?id=P237098)[6](https://app.finbar.com/go?id=P54575743)[7](https://app.finbar.com/go?id=P33913877)[8](https://app.finbar.com/go?id=P119778336)[9](https://app.finbar.com/go?id=P122322460)[10](https://app.finbar.com/go?id=P112325736)[11](https://app.finbar.com/go?id=P47868421)[12](https://app.finbar.com/go?id=P108459671)[13](https://app.finbar.com/go?id=P75404344)[14](https://app.finbar.com/go?id=P86243980)[15](https://app.finbar.com/go?id=P67513261)[16](https://app.finbar.com/go?id=P19231972)[17](https://app.finbar.com/go?id=P81402958)[18](https://app.finbar.com/go?id=P46125382)[19](https://app.finbar.com/go?id=P70897964)[20](https://app.finbar.com/go?id=P23686228)

## Geographic presence

Graham Holdings’ operations outside the United States consist primarily of Kaplan’s non-U.S. businesses. They generated approximately 22% of consolidated revenue in 2025; non-U.S. identifiable assets were approximately 18% of consolidated assets at year-end. The company reports an aggregate non-U.S. revenue share rather than a country-by-country breakdown. [21](https://app.finbar.com/go?id=P107018859)

Kaplan operates or has investments in Australia, Canada, China, Colombia, France, Germany, Hong Kong, India, Ireland, Japan, New Zealand, Nigeria, Saudi Arabia, Singapore, the United Kingdom and the United Arab Emirates. Its education activities span Europe, the Middle East and North Africa, Asia-Pacific and North America. Kaplan reported approximately 6,833 full-time and 4,400 part-time employees across 40 countries, without a country-level headcount breakdown. [22](https://app.finbar.com/go?id=P40185497) [23](https://app.finbar.com/go?id=P23491640) [24](https://app.finbar.com/go?id=P101598873)

In the United States, Graham Media Group’s seven television stations serve six markets: Houston and San Antonio, Texas; Detroit, Michigan; Orlando and Jacksonville, Florida; and Roanoke, Virginia. Graham Healthcare Group’s services operate in Michigan, Illinois, Pennsylvania, Kansas, Missouri, Ohio and Florida. Other notable geographic concentrations include eight automotive dealerships in the Washington, D.C. metropolitan area and Richmond, Virginia; 14 Clyde’s Restaurant Group venues in the Washington, D.C. area; and Framebridge’s Bethesda, Maryland headquarters, 44 retail locations, and manufacturing facilities in Kentucky, Nevada and Virginia. [25](https://app.finbar.com/go?id=P81963234) [26](https://app.finbar.com/go?id=P1851723) [11](https://app.finbar.com/go?id=P47868421) [27](https://app.finbar.com/go?id=P54367743) [28](https://app.finbar.com/go?id=P54687984) [29](https://app.finbar.com/go?id=P39717849)
[21](https://app.finbar.com/go?id=P107018859)[22](https://app.finbar.com/go?id=P40185497)[23](https://app.finbar.com/go?id=P23491640)[24](https://app.finbar.com/go?id=P101598873)[25](https://app.finbar.com/go?id=P81963234)[26](https://app.finbar.com/go?id=P1851723)[11](https://app.finbar.com/go?id=P47868421)[27](https://app.finbar.com/go?id=P54367743)[28](https://app.finbar.com/go?id=P54687984)[29](https://app.finbar.com/go?id=P39717849)

## Business segments

Graham Holdings’ FY2025 report identifies five reportable business segments. Education, comprising Kaplan’s education and training businesses, generated $1,744.3 million, or approximately 35.5% of consolidated revenue. The filing further breaks Education down into Kaplan International ($1,079.6 million), Higher Education ($349.2 million), Supplemental Education ($317.2 million), and Kaplan Corporate and Other ($0.6 million). [30](https://app.finbar.com/go?id=T7521071)[31](https://www.ghco.com/education)[32](https://app.finbar.com/go?id=T6333358) Television Broadcasting, including Graham Media Group’s local television stations and related digital businesses, generated $425.1 million (8.7%). [30](https://app.finbar.com/go?id=T7521071)[33](https://app.finbar.com/go?id=P54098084)

Healthcare, spanning home health, hospice and palliative care, home infusion, and other healthcare services, generated $815.0 million (16.6%). [30](https://app.finbar.com/go?id=T7521071)[11](https://app.finbar.com/go?id=P47868421)[9](https://app.finbar.com/go?id=P122322460) Manufacturing businesses producing treated wood and building materials, electrical solutions, linear-motion systems, and combustion-control systems generated $436.3 million (8.9%). [30](https://app.finbar.com/go?id=T7521071)[34](https://app.finbar.com/go?id=P1729582) Automotive, principally dealerships in the Washington, D.C. and Richmond areas, generated $1,133.2 million (23.1%). [30](https://app.finbar.com/go?id=T7521071)[16](https://app.finbar.com/go?id=P19231972) These percentages are approximate shares of FY2025 consolidated revenue of $4,911.6 million. Other Businesses and Corporate Office contributed $360.1 million; intersegment eliminations account for the remaining reconciliation. [30](https://app.finbar.com/go?id=T7521071)
[30](https://app.finbar.com/go?id=T7521071)[30](https://app.finbar.com/go?id=T7521071)[30](https://app.finbar.com/go?id=T7521071)[30](https://app.finbar.com/go?id=T7521071)[30](https://app.finbar.com/go?id=T7521071)[30](https://app.finbar.com/go?id=T7521071)[30](https://app.finbar.com/go?id=T7521071)[32](https://app.finbar.com/go?id=T6333358)[32](https://app.finbar.com/go?id=T6333358)[32](https://app.finbar.com/go?id=T6333358)[32](https://app.finbar.com/go?id=T6333358)[33](https://app.finbar.com/go?id=P54098084)[11](https://app.finbar.com/go?id=P47868421)[9](https://app.finbar.com/go?id=P122322460)[34](https://app.finbar.com/go?id=P1729582)[16](https://app.finbar.com/go?id=P19231972)[31](https://www.ghco.com/education)

## Company history

The company’s history traces to The Washington Post, first published in 1877. Eugene Meyer acquired the newspaper at auction in 1933, and The Washington Post Company was incorporated in 1947. The business expanded into broadcasting in the 1950s and 1960s and acquired Stanley H. Kaplan Educational Centers in 1984, developing education alongside media as a major business. [35](https://www.ghco.com/history1875)[36](https://www.ghco.com/history1925)[37](https://www.ghco.com/history1950)[38](https://www.ghco.com/history1975)

Kaplan expanded into postsecondary education in 2000 and continued growing through acquisitions. The company sold Newsweek in 2010, then sold The Washington Post and its other newspaper-publishing businesses in 2013; later that year, The Washington Post Company adopted the name Graham Holdings Company. [39](https://www.ghco.com/hist2000)[40](https://www.ghco.com/news-releases/news-release-details/harman-newsweek-llc-purchases-newsweek-washington-post-company/)[41](https://www.ghco.com/news-releases/news-release-details/jeffrey-p-bezos-purchase-washington-post)[42](https://www.ghco.com/hist2021)

In 2015, Graham Holdings spun off Cable ONE, and Timothy J. O’Shaughnessy succeeded Donald Graham as CEO. In 2017, Kaplan transferred Kaplan University to Purdue University, where it became Purdue University Global. In 2023, Donald Graham became chairman emeritus and Anne Mulcahy was elected board chair. In 2025, the company acquired Arconic Architectural Products. [43](https://www.ghco.com/news-releases/news-release-details/graham-holdings-completes-spin-cable-one)[44](https://app.finbar.com/go?id=P37530087)[45](https://app.finbar.com/go?id=P87390762)[46](https://www.ghco.com/news-releases/news-release-details/don-graham-transitions-chairman-emeritus-anne-mulcahy-elected)[47](https://app.finbar.com/go?id=P11090477)
[44](https://app.finbar.com/go?id=P37530087)[45](https://app.finbar.com/go?id=P87390762)[47](https://app.finbar.com/go?id=P11090477)[35](https://www.ghco.com/history1875)[36](https://www.ghco.com/history1925)[37](https://www.ghco.com/history1950)[38](https://www.ghco.com/history1975)[39](https://www.ghco.com/hist2000)[40](https://www.ghco.com/news-releases/news-release-details/harman-newsweek-llc-purchases-newsweek-washington-post-company/)[41](https://www.ghco.com/news-releases/news-release-details/jeffrey-p-bezos-purchase-washington-post)[42](https://www.ghco.com/hist2021)[43](https://www.ghco.com/news-releases/news-release-details/graham-holdings-completes-spin-cable-one)[46](https://www.ghco.com/news-releases/news-release-details/don-graham-transitions-chairman-emeritus-anne-mulcahy-elected)

## Sources

1. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P88943006)
2. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P619474)
3. [www.ghco.com](https://www.ghco.com/management-approach/)
4. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86458993)
5. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P237098)
6. [Graham Holdings Co — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=P54575743)
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8. [Graham Holdings Co — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=P119778336)
9. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P122322460)
10. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P112325736)
11. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P47868421)
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13. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P75404344)
14. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P86243980)
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17. [Graham Holdings Co — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=P81402958)
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19. [Graham Holdings Co — Full financial report (2026 Q 1)](https://app.finbar.com/go?id=P70897964)
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21. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P107018859)
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23. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P23491640)
24. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P101598873)
25. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P81963234)
26. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P1851723)
27. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P54367743)
28. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P54687984)
29. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P39717849)
30. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=T7521071)
31. [www.ghco.com](https://www.ghco.com/education)
32. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=T6333358)
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34. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P1729582)
35. [www.ghco.com](https://www.ghco.com/history1875)
36. [www.ghco.com](https://www.ghco.com/history1925)
37. [www.ghco.com](https://www.ghco.com/history1950)
38. [www.ghco.com](https://www.ghco.com/history1975)
39. [www.ghco.com](https://www.ghco.com/hist2000)
40. [www.ghco.com](https://www.ghco.com/news-releases/news-release-details/harman-newsweek-llc-purchases-newsweek-washington-post-company/)
41. [www.ghco.com](https://www.ghco.com/news-releases/news-release-details/jeffrey-p-bezos-purchase-washington-post)
42. [www.ghco.com](https://www.ghco.com/hist2021)
43. [www.ghco.com](https://www.ghco.com/news-releases/news-release-details/graham-holdings-completes-spin-cable-one)
44. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P37530087)
45. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P87390762)
46. [www.ghco.com](https://www.ghco.com/news-releases/news-release-details/don-graham-transitions-chairman-emeritus-anne-mulcahy-elected)
47. [Graham Holdings Co — Full financial report (2025 Y)](https://app.finbar.com/go?id=P11090477)

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