So McGraw Hill is public, but only just. With more than 86% of the votes, Platinum decides who sits on the board and can approve or block any major deal.
Who owns McGraw Hill today?
| Owner | Stake | Since | What it means |
|---|---|---|---|
| Platinum Equity funds | About 86.4% of voting power | 2021 | Controls the company; Tom Gores may be deemed to share beneficial ownership |
| Public shareholders | About 13.6% | July 2025 | Bought in at or after the $17 IPO |
| Directors and executives | Each under 1% | Various | Mostly stock and options |
Source: McGraw Hill 2026 proxy statement, as of June 4, 2026.
Because one owner holds a majority of the votes, McGraw Hill is a "controlled company" under New York Stock Exchange rules. That lets it skip the usual requirement for a majority-independent board, and a majority of its directors are affiliated with Platinum Equity Advisors.
Is McGraw Hill publicly traded?
Yes, since July 24, 2025. McGraw Hill sold 24.39 million shares at $17 each, $2 below the bottom of its $19 to $22 range, and raised about $415 million. The offering valued the company at about $3.25 billion, and the company said it would use the money to repay debt.
Is McGraw Hill part of S&P Global?
No. They share a history, not an owner. The old McGraw-Hill Companies sold its education business to Apollo Global Management in 2013 and kept its financial data businesses, which became McGraw Hill Financial and later S&P Global. The education company that kept the McGraw Hill name has had separate owners ever since.
How big is McGraw Hill?
| Measure | Figure | Date |
|---|---|---|
| Revenue | $2.103 billion, up 0.1% | Fiscal 2026, year ended March 31, 2026 |
| Re-occurring revenue | $1.541 billion, up 5.8% | Fiscal 2026 |
| Net income | $35.3 million (vs a $85.8 million loss) | Fiscal 2026 |
| Adjusted EBITDA | About $744 million | Fiscal 2026 |
| Employees | About 4,200 | 2025 |
Sources: McGraw Hill fiscal 2026 results, June 11, 2026; employee count from Wikipedia.
Who runs McGraw Hill?
Philip Moyer became president and CEO on February 9, 2026. The board appointed him on January 2, 2026, to succeed Simon Allen, who retired from the CEO job and stayed on as chair of the board.
| CEO | Years | What changed |
|---|---|---|
| Harold W. McGraw III | Until 2013 | Led the old McGraw-Hill Companies through the sale of the education arm |
| David Levin | 2014 to 2017 | Ran the company under Apollo |
| Nana Banerjee | 2018 to 2019 | Ran the company during the planned Cengage merger |
| Simon Allen | 2019 to 2026 | Led the sale to Platinum and the 2025 IPO |
| Philip Moyer | 2026 to now | Current CEO |
Sources: McGraw Hill 2026 proxy; Wikipedia's list of company presidents. Lloyd "Buzz" Waterhouse also led the company in 2013 to 2014 and 2017 to 2018.
Every McGraw Hill owner
- 1917
James McGraw and John Hill combine their publishing businesses as McGraw-Hill
- 2012
The McGraw-Hill Companies agrees to sell its education division to Apollo Global Management
- 2013
Apollo closes the purchase on March 22
- 2019
McGraw-Hill Education agrees to merge with Cengage
- 2020
The Cengage merger is called off after antitrust scrutiny
- 2021
Platinum Equity buys McGraw Hill from Apollo
- 2025
IPO on the New York Stock Exchange as MH on July 24
- 2026
Platinum holds about 86.4% of the voting power
Platinum paid $4.5 billion including debt in 2021, while the IPO valued the equity at about $3.25 billion. The two numbers measure different things, so they do not mean Platinum lost money.
How I checked this
The ownership figures and the CEO change come from McGraw Hill's 2026 proxy statement, and the financial figures from its fiscal 2026 results release filed with the SEC. IPO terms come from IPOScoop and Reuters coverage. Older deal prices come from Wikipedia's sourced history. Platinum's exact share count changes with grants and buybacks, so treat 86.4% as of June 2026.
Related reading
Sources & methodology
Observations retain their source, period and definition. Uncertainty is preserved; missing values are not zero.
- McGraw Hill, Inc. 2026 proxy statement (DEF 14A, SEC) ↗
sec.gov
- McGraw Hill fiscal 2026 results press release (Form 8-K exhibit, SEC) ↗
sec.gov · 2026-06-11T00:00:00.000Z
- McGraw Hill, Inc. annual report for fiscal 2026 (Form 10-K, SEC) ↗
sec.gov
- McGraw Hill prices IPO at $17, below range (IPOScoop) ↗
IPOScoop
- Platinum Equity-backed McGraw Hill raises $415m in US IPO (DealStreetAsia, citing Reuters) ↗
DealStreetAsia
- McGraw Hill (Wikipedia, citing company announcements and press coverage) ↗
Wikipedia
Accessed 2026-11-02.