- Scholastic is the largest Children’s book publisher in the US, making over a quarter (28.6%) of the industry revenue in the market. They publish over 750 new books every year.
- As of FY 2022, Scholastic achieved revenues of $1.64 billion, a 26.4% increase on the previous financial year.
- Scholastic achieved a revenue of $946.5 million in children’s book publishing and distribution, $393.6 million in education solutions, and $302.8 million from international sales as of the 2022 financial year
- For fiscal years 21 & 22, 54.75% of Scholastic’s revenue came from children’s book publishing and distribution, 24.00% from education solutions, and 21.25% from international sales.
- As of the 2022 financial year, Scholastic’s annual gross profit was recorded at $877 million, a 30.5% increase on the previous FY.
- The 2022 FY generated $877 million, the highest annual gross profit for Scholastic since 2018’s $884 million.
- Scholastic pays a dividend to shareholders every quarter. In July 2022 the dividend increased by 1/3 to $0.20 per share from $0.15 per share, based on strong recent financial results.
- As of May 31, 2022, Scholastic hired approximately 6,880 members of staff.
- Scholastic Corporation’s 2018 to 2022 cumulative total return stock price was registered at $96.46, a 13.31% increase on the previous financial year.
- During FY 2022, around 97% of the $126.4 million total book club revenues were placed through Scholastic’s online ordering platform.
Scholastic revenue statistics
- As of FY 2022, Scholastic achieved revenues of $1.64 billion, a 26.4% increase on the previous financial year.
- From 2013 to 2022, the average revenue for Scholastic was $1.59 billion.
- Since 2013, Scholastic’s lowest annual revenue came during 2021 at $1.30 billion, during a time when businesses were suffering greatly due to the pandemic.
- Despite falling numbers during 2020 (-10.1%) and 2021 (-12.6%), as of 2022, annual revenue has increased to $1.64 billion, a level closer aligned to pre-pandemic values.
- Scholastic’s annual revenue has grown 6% in total since 2013, as of 2022.
The complete breakdown on annual revenue data for Scholastic since 2013 is presented in the table below:
| Year | Annual revenue ($ million) | Change |
| 2022 | $1,643 | 26.4% |
| 2021 | $1,300 | -12.6% |
| 2020 | $1,487 | -10.1% |
| 2019 | $1,654 | 1.6% |
| 2018 | $1,628 | -6.5% |
| 2017 | $1,742 | 4.1% |
| 2016 | $1,673 | 2.3% |
| 2015 | $1,636 | 4.7% |
| 2014 | $1,562 | 0.8% |
| 2013 | $1,550 | – |
A graphical presentation of Scholastic’s annual revenue is presented on the chart below:
Scholastic revenue by segment
- As of FY 2022, Scholastic achieved revenue of $946.5 million in children’s book publishing and distribution, $393.6 million in education solutions and $302.8 million from international sales.
- Since FY 2018, Scholastic achieved its highest revenues in the children’s book publishing and distribution segment, $990.3 million, during 2019.
- For the education solutions segment, the highest revenues since 2018 were recorded at $393.6 million during FY 2022.
- Since peaking in 2018 at $369.6 million, international revenues have steadily declined to $302.8 million as of 2022.
A table to show Scholastic’s revenue by segment ($ million) is given for fiscal years ending May 31:
| Segment | 2018 | 2019 | 2020 | 2021 | 2022 |
| Children’s book publishing and distribution | $970.2 | $990.3 | $881.7 | $675.0 | $946.5 |
| Education solutions | $288.6 | $297.4 | $287.3 | $312.3 | $393.6 |
| International | $369.6 | $366.2 | $318.1 | $313.0 | $302.8 |
| Total | $1,628.4 | $1653.9 | $1487.1 | $1300.3 | $1642.9 |
A graph to show Scholastic’s revenue divided by segment is given:
A table to show Scholastic’s yearly share of revenue by segment:
| Segment | 2018 | 2019 | 2020 | 2021 | 2022 |
| Children’s book publishing and distribution | 59.6% | 59.9% | 59.3% | 51.9% | 57.6% |
| Education solutions | 17.7% | 18.0% | 19.3% | 24.0% | 24.0% |
| International | 22.7% | 22.1% | 21.4% | 24.1% | 18.4% |
A graph to show Scholastic’s share of revenue split by each segment:
Scholastic gross profit statistics
- As of FY 2022, Scholastic’s annual gross profit was recorded at $877 million, a 30.5% increase on the previous financial year.
- From 2013 to 2022, the average annual gross profit for Scholastic was $847 million.
- 2022 generated the highest annual gross profit, $877 million, for Scholastic since 2018 which was recorded at $884 million.
- In line with annual revenue, Scholastic’s gross profit was at its lowest level since 2013 during 2021, at $672 million.
- Scholastic’s gross profit has grown 5.2% in total since 2013 as of 2022.
- From the fiscal years ending 2018 to 2022, Scholastic operated at a median gross profit margin of 52.8%.
Scholastic’s gross profit breakdown is presented on the table below:
| Year | Annual gross profit ($ million) | Change |
| 2022 | $877 | 30.5% |
| 2021 | $672 | -13.6% |
| 2020 | $778 | -11.0% |
| 2019 | $874 | -1.1% |
| 2018 | $884 | -4.6% |
| 2017 | $927 | 1.8% |
| 2016 | $911 | 3.9% |
| 2015 | $877 | 4.8% |
| 2014 | $837 | 0.4% |
| 2013 | $834 | – |
The company’s gross profit is graphically presented on the chart below:
Scholastic employment statistics
- As of May 31, 2022, Scholastic operates with approximately 6,880 employees.
- Of this number, 5,090 were located within the U.S and 1,790 were located in the rest of the world.
- Across the globe, approximately 75% of Scholastic’s employees are employed full time, 19% are employed part-time, and 6% are seasonal workers.
- Scholastic created the Diversity, Equity, Inclusion and Belonging Task Force in FY 2021.
- This business unit was created to advance the Company’s goals in three priority focus areas:
- People and Culture
- Publishing and Education
- Procurement and Purchasing
The table below shows Scholastic’s approximate number of employees by business channel as of FY 2022:
| Business channel | Full-time | Part-time | Seasonal | Total |
| Central functions | 670 | 10 | – | 680 |
| Primary US warehouse | 1220 | 300 | 10 | 1530 |
| Book fairs warehouses | 830 | 700 | 180 | 1710 |
| Book fairs | 280 | 20 | 40 | 340 |
| Book clubs | 60 | – | – | 60 |
| Trade | 210 | – | – | 210 |
| Education solutions | 460 | 100 | – | 560 |
| International | 1140 | 70 | – | 1210 |
| International warehouses | 280 | 90 | 210 | 580 |
| Total | 5160 | 1290 | 430 | 6880 |
Scholastic stock price statistics
- Based on the 2018 to 2022 cumulative total return, Scholastic Corporation’s stock price was registered at $96.46, a 13.31% increase on the previous financial year.
- Ranging from a low of $72.48 and a high of $107.40, Scholastic corporation shows the most stability since 2018 when compared to NASDAQ and the given peer group.
- Since 2018, Scholastic’s index value has only outperformed the peer group on one occasion in 2020 at $72.48, as of 2022.
- Despite this, 2020 was still Scholastic’s worst performing year in the given data, due to the impacts of the pandemic.
A table comparison of the 2018 to 2022 cumulative total return ($ million) for Scholastic, NASDAQ composite index and the peer group is given below for fiscal years ending May 31:
| Name | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
| Scholastic corporation | $100.00 | $107.40 | $80.14 | $72.48 | $85.13 | $96.46 |
| NASDAQ composite index | $100.00 | $120.06 | $120.24 | $153.10 | $221.81 | $194.91 |
| Peer group | $100.00 | $131.23 | $115.00 | $67.83 | $158.61 | $182.13 |
Scholastic book fairs and book clubs
- During FY 2022, around 97% of the $126.4 million total book club revenues were placed through Scholastic’s online ordering platform.
- Prior to the pandemic, Scholastic hosted between 115,000 and 120,000 book fairs each year for 20 years across the US.
- Fairs were difficult to organize during the pandemic but Scholastic have been able to return to 72% of pre-pandemic levels in 2022.
- For 2023, Scholastic aims to increase the number of book fairs up to 85% of the recorded pre-pandemic levels.
- Most of the books at Scholastic’s book fairs are priced at between $2 and $5.
Scholastic FAQ
How much did Scholastic purchase the rights to the Harry Potter series for?
- After reading Harry Potter and the Philosopher’s Stone, Scholastic bought the rights to the “Harry Potter” series for $105,000 from J.K. Rowling, the most they had ever paid for a children’s book to an author.
What book holds the world record for the most copies sold within 24 hours of release?
- Harry Potter and the Deathly Hallows holds the Guinness World Record for the most novels sold within 24 hours of release. The book sold 8.3 million copies in the US with Scholastic and 2.65 million in the UK with Bloomsbury.
- Its prequel, Harry Potter and the Half-Blood Prince, sold 6.9 million in the US within the first 24 hours, prompting Scholastic to rush 2.7 million additional books into print.
- The two titles were ranked #1 and #2 respectively in a list of bestselling print titles from 2004 – 2021.
How long did The Hunger Games remain in the New York Times bestsellers list?
- In 2008, Scholastic published The Hunger Games. The title was ranked #8 in the same list and remained on the New York Times bestsellers for over 260 consecutive weeks.
How much did the movie Goosebumps (2015) gross worldwide?
- Scholastic Entertainment’s Goosebumps (2015), directed by Rob Letterman and starring Jack Black, has grossed more than $158 million worldwide as of 2022.