What move does the options market price into McGraw Hill's report?

Implied ±4.9%, either direction.

MHNYSEMiscellaneous Publishing

McGraw Hill, Inc. (MH) earnings date, market-implied expected move, and options open interest by expiry

12.78

pre 12.79 −4.15%

Pre-market16:00 ETdelayed

Open12.99Volume1.1MMkt cap$2.4BP/E26.10EPS0.49

Day12.50 – 12.9959%52-wk8.95 – 18.0042%

McGraw Hill, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±4.9%implied · report alone

8Q avg ±13.2%·×0.37·cheap

12.1613.40

straddle ±13.1%

spot 12.78exp Nov 20ATM strike 12.5ATM straddle 1.97IV 88%

Nov 2 closereport share · term structurethin chain

Expected move

Inputs

Next report

Nov 11

before open · in 8 days

est.Q2 FY27

Calendar

Next report

Last report

+16.98%

shaded = implied · ▲▼ = realized

Aug 13 '26 · confirmed

Implied vs realized

Largest filed tie

11.00%

of MH revenue · One reseller

customerMH 10-K

Largest filed tie

13F top-10 QoQ

−2.52%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

108 managers

Top fund weight

0.01%

MH weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

McGraw Hill (MH) is expected to report on Nov 11 before open (estimated date).

Implied vs realized

5 reports

—≥ implied

Aug 14 '25Aug 14 '25confirmed—▼−5.80%—

Q2 FY26Nov 12 '25confirmed—▲+23.92%—

Q3 FY26Feb 11 '26confirmed—▲+15.96%—

Q1 FY27Jun 11 '26confirmed—▼−3.44%—

Aug 13 '26Aug 13 '26confirmed—▲+16.98%—

quarterimplied−25%0+25%realized×

Aug '26—▲+16.98%—

Q1 FY27—▼−3.44%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 2 expiries · Oct 30 close

22.09OI · 2 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2430%Nov 2017d110%

2080%Jan 1573d1.721210%1.72

ExpiryPutsCallsP/C

Nov 2017d2430%110%22.09

Jan 1573d2080%1210%1.72

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±13.1%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ1 FY27

10.52%as filednet margin · revenue +18.58% QoQ · +2.65% YoY

Revenue

$550M+18.58% QoQ

Gross profit

$439M+12.94% QoQ

79.87% margin

Operating income

$114M+1896.32% QoQ

20.78% margin

Pre-tax income

$69M+229.91% QoQ

Net income

$58M+215.11% QoQ

10.52% margin

Cost of revenue

$111M+47.93% QoQ

Operating expenses

$325M−17.79% QoQ

Other operating $255M

Depreciation $16M

Other operating $54M

Other expense

$46M

Tax

$11M+531.08% QoQ

Revenue$550M+18.58%

Gross profit

$439M+12.94%

79.87% margin

Operating income

$114M+1896.32%

20.78% margin

Pre-tax income

$69M+229.91%

Net income

$58M+215.11%

10.52% margin

Cost of revenue

$111M+47.93%

Operating expenses

$325M−17.79%

Other operating $255M

Depreciation $16M

Other operating $54M

Other expense

$46M

Tax$11M+531.08%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PPI ×1.36· ±3.6% vs ±2.6% · 10 releases

eventrelease day|move|up · n×base

PPIproducer prices±3.6%4 of 10×1.36

PCEpersonal income & outlays±2.6%6 of 13×1.00

GDPgross domestic product±2.5%5 of 13×0.96

CPROFcorporate profits±2.5%4 of 9×0.95

CPIconsumer prices±2.4%3 of 10×0.92

FOMCrate decision±2.3%3 of 10×0.88

NFPjobs report±2.0%5 of 10×0.78

Bar = avg |move| to ±4% · tick = ±2.6% avg day · ×base = |move| ÷ ±2.6% · min 6 releases

Earnings history

EPS 0.30 · consensus —

Quarter	Reported	EPS	Consensus
Q1 FY27	Jun 11 '26 · confirmed	0.30	—
Q4 FY26	—	-0.27	—
Q3 FY26	Feb 11 '26 · confirmed	-0.11	—
Q2 FY26	Nov 12 '25 · confirmed	0.57	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod