What is McGraw Hill's backlog?

McGraw Hill reported $1.79B of remaining performance obligations at 30 Sep 2026, down 6% from a year earlier and up 18% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 1.42.

How fast does McGraw Hill's backlog turn into revenue?

Over the last twelve months McGraw Hill recognised revenue equal to about 124% of the backlog it started each quarter with.

McGraw Hill (MH) backlog: remaining performance obligations

How much revenue McGraw Hill already has under contract, how fast it converts, and who it is with.

Data as of 7 Nov 2026.

Open the interactive Backlog view McGraw Hill competitor analysis

McGraw Hill reported $1.79B of remaining performance obligations at 30 Sep 2026, down 6% from a year earlier and up 18% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 1.42.
Net new backlog added in the latest quarter: $268M.
Over the last twelve months it turned about 124% of its opening backlog into revenue (12-month conversion).
The company reports 32% of the backlog due within the first 6 months.
Customer prepayments (contract liabilities) cover 100.0% of the backlog.
Twelve-month book-to-bill: 0.94, i.e. 0.94 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -6 points — revenue is catching up with orders.
By backlog size it ranks 193rd among US filers the cockpit tracks.

McGraw Hill backlog history

Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).

Amounts in USD. Source: SEC XBRL filings.
Quarter end	Backlog (RPO)	TTM revenue	Coverage	Customer prepayments
30 Sep 2026	$1.79B	$2.08B	0.9 yrs	$1.79B
30 Jun 2026	$1.52B	$2.12B	0.7 yrs	$1.52B
31 Mar 2026	$1.67B	$2.10B	0.8 yrs	$1.67B
31 Dec 2025	$1.70B	$2.11B	0.8 yrs	$1.70B
30 Sep 2025	$1.91B	$2.09B	0.9 yrs	$1.91B
30 Jun 2025	$1.65B	$2.11B	0.8 yrs	$1.65B

Questions

What is McGraw Hill's backlog?: McGraw Hill reported $1.79B of remaining performance obligations at 30 Sep 2026, down 6% from a year earlier and up 18% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 1.42.
How fast does McGraw Hill's backlog turn into revenue?: Over the last twelve months McGraw Hill recognised revenue equal to about 124% of the backlog it started each quarter with.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.