McGraw Hill Financial

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McGraw Hill Financial, Inc.
Traded as NYSEMHFI
S&P 500 Component
Industry Financial services
Founded 1917
Headquarters 55 Water Street
New York City, U.S.[1]
Area served
Key people
Douglas L. Peterson
(President and CEO)
Products Financial information and analytics
Revenue Increase US$ 4.9 billion (2013)[2]
Increase US$ 1.4 billion (2013)[2]
Increase US$ 1.5 billion (2013)[2]
Total assets Decrease US$ 2.9 billion (2013)[2]
Total equity Increase US$ 1.3 billion (2013)[2]
Number of employees
17,000 (May, 2013)[3]
Subsidiaries Standard & Poor's
J. D. Power
S&P Dow Jones Indices
S&P Capital IQ[3]
1221 Avenue of the Americas, the headquarters of McGraw-Hill

McGraw Hill Financial, Inc. is an American publicly traded corporation headquartered in New York City. Its primary areas of business are financial information and analytics. It is the parent company of Standard & Poor's Ratings Services, S&P Capital IQ, Platts, J.D. Power and Associates, and is the majority owner of the S&P Dow Jones Indices joint venture.

Corporate history[edit]

The predecessor companies of McGraw Hill Financial have history dating to 1888, when James H. McGraw purchased the American Journal of Railway Appliances. He continued to add further publications, eventually establishing The McGraw Publishing Company in 1899. John A. Hill had also produced several technical and trade publications and in 1902 formed his own business, The Hill Publishing Company. In 1909 both men, having known each other's interests, agreed upon an alliance and combined the book departments of their publishing companies into The McGraw-Hill Book Company. John Hill served as President, with James McGraw as Vice-President. In 1917, the remaining parts of each business were merged into The McGraw-Hill Publishing Company, Inc.[4] In 1986, McGraw-Hill bought out competitor The Economy Company, then the United States' largest publisher of educational material. The buyout made McGraw-Hill the largest educational publisher in the United States.[5]

In 1979 McGraw-Hill Publishing Company purchased Byte magazine from its owner/publisher Virginia Williamson who then became a vice-president of McGraw-Hill.

McGraw-Hill Publishing Company, Inc became The McGraw-Hill Companies in 1995, as part of a corporate rebranding.[6][not in citation given]

In 2007, McGraw-Hill launched an online study network,, which gave McGraw-Hill an opportunity to connect directly with its end users, the students. The site closed on April 29, 2012.

On October 3, 2011, McGraw-Hill announced it was selling its entire television station group to the E. W. Scripps Company for $212 million.[7] The sale was completed on December 30, 2011. It had been involved in broadcasting since 1972, when it purchased four television stations from a division of Time Inc.

McGraw Hill has produced the "Glencoe" series of books for decades.

On November 26, 2012, McGraw-Hill announced it was selling its entire education division to Apollo Global Management for $2.5 billion.[8] On March 22, 2013 it announced it had completed the sale and the proceeds were for $2.4 billion cash.[9]

On May 1, 2013, shareholders of McGraw-Hill voted to change the company's name to McGraw Hill Financial.[3]

McGraw-Hill divested the subsidiary McGraw-Hill Construction to Symphony Technology Group for US$320 million on September 22, 2014. [10] The sale included Engineering News-Record, Architectural Record, Dodge and Sweet's.[11] McGraw-Hill Construction has been renamed Dodge Data & Analytics.[12]

Corporate organization[edit]

McGraw Hill Financial now organizes its businesses in five units based on the market in which they are involved.[13]

Standard & Poor's Ratings Services[edit]

Standard & Poor's provides independent investment research including ratings on various investment instruments.

S&P Capital IQ[edit]

S&P Capital IQ is a provider of multi-asset class and real-time data, research, and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations, and universities.

S&P Dow Jones Indices[edit]

Launched on July 2, 2012, S&P Dow Jones Indices is the world's largest global resource for index-based concepts, data, and research. It produces the S&P 500 and the Dow Jones Industrial Average.[14][15]

S&P Dow Jones Indices calculates over 830,000 indices, publishes benchmarks that provide the basis for 575 ETFs globally with $387 billion in assets invested, and serves as the DNA for $1.5 trillion of the world’s indexed assets.


Platts is a provider of information and a source of benchmark price assessments for the energy, petrochemicals, metals, and agriculture markets. It has offices in more than 15 cities, including major energy centers such as London, Dubai, Singapore, and Houston, and international business centers such as São Paulo, Shanghai, and New York, where its headquarters is located.

J.D. Power[edit]

J.D. Power is a global marketing information services company operating in key business sectors including customer satisfaction research, market research, social media research, and performance improvement programs.

Presidents of the company[edit]


During the course of its history, the McGraw-Hill Companies has expanded significantly through acquisition, not just within the publishing industry but also into other areas such as financial services (the purchase of Standard & Poor's in 1966) and broadcasting (the 1972 acquisition of Time-Life Broadcasting). Please note that the publishing and education assets are a part of McGraw-Hill Education from the company separation in 2013.

Date of acquisition Asset acquired Industry
1920 Newton Falls Paper Company[16] -
1928 A.W. Shaw Company[16] Publisher of magazines and textbooks
1950s Gregg Company[16] Publisher of vocational textbooks
1953 Companies of Warren C. Platts, including Platts[16][17] Publisher of petroleum industry information
1961 F.W. Dodge Corporation[18] Publisher of construction industry information
1965 California Test Bureau[16] Developer of educational testing systems
1966 Standard & Poor's[18] Financial Services
1966 Shepard's Citations[19] Legal publisher
1968 National Radio Institute Correspondence School
1970 The Ryerson Press Educational and trade publishing
1972 Television Stations of Time Life Broadcasting[18] Broadcasting
1986 The Economy Company[5] Educational publishing
1988 Random House Schools and Colleges[20] Educational publishing
1996 Times Mirror Higher Education[21] Educational publishing
1997 Micropal Group Limited[21] Financial Services
1999 Appleton & Lange[22] Publisher of medical information
2000 Tribune Education, including NTC/Contemporary[23] Publisher of supplementary educational materials
2002 Open University Press University press - academic publications
2005 J.D. Power & Associates[24] Marketing information provider

Note that this list only includes acquisitions made by McGraw-Hill, not its subsidiaries. McGraw-Hill typically does not release financial information regarding its acquisitions or divestitures.

Books published by McGraw-Hill[edit]

2008 conference booth

McGraw-Hill maintained a general publishing division for some years, whose best known book was the (unpublished) Autobiography of Howard Hughes, a fake biography of Howard Hughes by Clifford Irving, which caused a scandal at the time.

The McGraw-Hill Building[edit]

The company was based at 1221 Avenue of the Americas, otherwise known as the McGraw-Hill Building, until July 2015.[25]

The in New York City has received prominent attention. In April 2008, surveillance camera footage was released of Nicholas White, a production manager for BusinessWeek (then published by McGraw-Hill) who was trapped in the building's elevator for 41 hours in October 1999.[26]

Connection to the family of George W. Bush[edit]

The McGraws and the George W. Bush/George H. W. Bush family have close ties dating back several generations. According to McGraw-Hill, Barbara Bush is a member of its advisory board.[27] The California Test Bureau division has provided testing material integral to No Child Left Behind, a George W. Bush initiative.[28]

McGraw-Hill Federal Credit Union[edit]

Established in 1935, the McGraw-Hill Federal Credit Union originally served employees of the McGraw-Hill companies in New York City only.[29] The credit union moved from its location inside the McGraw-Hill building to East Windsor, New Jersey, in 2005. Its accounts are insured by the National Credit Union Administration. It provides savings, checking accounts, CDs, money-market accounts, IRAs, credit cards, auto loans, and home mortgages.


In 1999, the National Building Museum presented the McGraw-Hill Companies with its annual Honor Award for the corporation's contributions to the built environment.[30]


  1. ^ "McGraw Hill Moves Downtown, Says Goodbye to Namesake Building". The Wall Street Journal. Retrieved 14 July 2015. 
  2. ^ a b c d e "McGraw-Hill Cos.". Forbes. 
  3. ^ a b c "News Release - McGraw Hill Financial". Retrieved 2013-10-30. 
  4. ^ "About Us: Corporate History: The Foundation". Retrieved May 26, 2007. 
  5. ^ a b Tipton, David (1986-07-03). "McGraw Hill Buying The Economy Company". The Journal Record. 
  6. ^ "About Us: Corporate History: The Information Age". Retrieved May 26, 2007. 
  7. ^ "McGraw-Hill Sells TV Group To Scripps", TVNewsCheck, October 3, 2011.
  8. ^ [1], "New York Times", November 26, 2012.
  9. ^ "News Release - McGraw Hill Financial". Retrieved 2013-10-30. 
  10. ^ Staley, Eddie (September 22, 2014). "McGraw Hill Financial To Sell McGraw Hill Construction To Symphony Technology Group For $320M In Cash". Benzinga. Retrieved April 30, 2015. 
  11. ^ McGraw Hill Sells ENR and Construction Group to Equity Investor
  12. ^ Maidenberg, Micah (December 14, 2014). "Best year since 2008 for construction industry". Crain's Chicago Business. Dodge Data & Analytics, a data provider formerly known as McGraw-Hill Construction 
  13. ^ "News Release - McGraw Hill Financial". Retrieved 2013-10-30. 
  14. ^ "S&P Dow Jones Indices Wins Intellectual Property Dispute". PRNewswire. May 13, 2013. Retrieved 2013-10-30. 
  15. ^ Leising, Matthew (Jul 2, 2012). "McGraw-Hill, CME Group Start S&P Dow Jones Indices Venture". Bloomberg. Retrieved 6 December 2013. 
  16. ^ a b c d e "About Us: Corporate History: Development". Retrieved May 26, 2007. 
  17. ^ "Platts History". Retrieved May 26, 2007. [dead link]
  18. ^ a b c "About Us: Corporate History: Expansion". Retrieved May 26, 2007. 
  19. ^ "The McGraw-Hill Companies Timeline". Retrieved 2014-08-23. 
  20. ^ Edwin McDowell (September 29, 1988). "McGraw-Hill Is Buying 2 Random House Units". The New York Times. 
  21. ^ a b Iver Peterson (July 4, 1996). "Times Mirror in Two Deals To Bolster Legal Publisher". The New York Times. Retrieved September 1, 2009.  Cite error: Invalid <ref> tag; name "mcgraw-hillannounce" defined multiple times with different content (see the help page).
  22. ^ "The McGraw-Hill Companies Completes Acquisition of Appleton & Lange". Retrieved May 26, 2007. 
  23. ^ "The McGraw-Hill Companies To Acquire Tribune Education; Acquisition Strengthens McGraw-Hill Education's Leadership Position". Retrieved May 26, 2007. 
  24. ^ "The McGraw-Hill Companies Completes Acquisition of J.D. Power and Associates". Retrieved May 26, 2007. 
  25. ^ "McGraw Hill Moves Downtown, Says Goodbye to Namesake Building". The Wall Street Journal. Retrieved 14 July 2015. 
  26. ^ Trapped in the elevator for 41 hours on YouTube
  27. ^ "Barbara Bush". The Mcgraw-Hill Companies. 
  28. ^ "McGraw-Hill & Bush: The Graft and the Twig". School Matter. 4 August 2006. 
  29. ^ "McGraw-Hill Federal Credit Union - Home". McGraw-Hill Federal Credit Union. Retrieved 2013-10-30. 
  30. ^ "Honor Award". National Building Museum. 

External links[edit]