Graham Holdings Co balance sheet

At the end of fiscal 2025, Graham Holdings Co had total assets of $8.40bn, total liabilities of $3.53bn and shareholders' equity of $4.79bn. It held $267m in cash against $881m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Graham Holdings Co: balance sheet, annual
Fiscal year	2009Jan 2010	2010Jan 2011	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	443	438	381	512	570	773	754	649	390	253	200	414	146	169	170	261	267
Receivables	431	379	376	379	407	539	554	592	600	538	595	520	590	505	496	478	519
Inventory	16	5	7	8	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	1,388	1,362	1,246	1,454	1,702	1,691	1,861	1,871	1,736	1,532	1,663	1,774	1,847	1,679	1,849	2,099	2,431
Goodwill	1,399	1,376	1,415	1,318	1,289	1,349	1,018	1,123	1,300	1,298	1,388	1,485	1,650	1,561	1,525	1,500	1,586
Total assets	5,186	5,158	5,017	5,105	5,811	5,752	4,353	4,433	4,938	4,764	5,931	6,444	7,426	6,553	7,188	7,677	8,396
Accounts payable	—	—	—	—	—	—	—	—	—	—	—	106	127	136	154	160	181
Deferred revenue (current)	423	379	388	396	367	410	297	312	339	309	355	331	359	341	397	391	412
Total current liabilities	990	1,008	996	1,126	934	1,051	725	819	879	812	1,042	950	1,166	1,145	1,230	1,200	1,389
Short-term debt	3	3	113	243	3	46	0	6	7	6	82	6	142	156	67	27	175
Long-term debt	396	397	452	453	448	400	400	486	487	471	431	506	526	571	745	722	706
Total debt	399	403	565	697	451	446	400	492	493	477	513	513	668	726	812	748	881
Total liabilities	2,228	2,326	2,397	2,495	2,494	2,579	1,836	1,980	2,018	1,843	2,599	2,666	3,000	2,779	3,162	3,347	3,529
Shareholders' equity	2,940	2,814	2,602	2,586	3,300	3,140	2,491	2,453	2,915	2,917	3,319	3,759	4,400	3,731	3,976	4,257	4,794

US$ millions unless shown otherwise. Fiscal quarters.

Graham Holdings Co: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q2Jun 2026	2026 Q3Sept 2026
Receivables	487	478	460	419	494	519	419	492
Total current assets	2,085	2,099	2,027	2,010	2,243	2,431	2,271	2,357
Goodwill	1,535	1,500	1,509	1,536	1,572	1,586	1,601	1,551
Total assets	7,421	7,677	7,616	7,619	7,852	8,396	8,141	8,290
Accounts payable	162	160	147	164	177	181	176	176
Deferred revenue (current)	439	391	402	356	426	412	292	353
Total current liabilities	1,332	1,200	1,250	1,579	1,693	1,389	1,221	1,340
Short-term debt	34	27	149	502	425	175	191	148
Long-term debt	731	722	715	314	307	706	709	705
Total debt	765	748	865	816	732	881	900	853
Total liabilities	3,350	3,347	3,247	3,185	3,311	3,529	3,320	3,452
Shareholders' equity	4,004	4,257	4,294	4,352	4,457	4,794	4,762	4,778

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Graham Holdings Co's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Graham Holdings Co.