COLUMBUS, Ohio (June 7, 2022) – McGraw Hill, a leading global education company that partners with millions of educators, learners and professionals around the world, reported strong fiscal Q4 and 2022 results today, with $1.8 billion in billings, up 13% for the fiscal year ended March 31. This billings growth drove significant profit improvement and margin expansion for the fiscal year.
Digital billings accounted for 58% of total billings in FY 2022, while increasing to 83% of total billings in Higher Education. Since the start of the global pandemic, digital billings have grown by a compound annual growth rate of 8%, supported by the investment of more than $200 million per year in digital-focused content. This investment continues to improve our digital products, including McGraw Hill Connect and ALEKS, which each experienced activations and unique users approaching 6 million..