Quad Graphics Inc Class A (QUAD) financials
Quad Graphics revenue and earnings by year
Quad Graphics's revenue was $2.42 billion in the fiscal year to December 31, 2025, down 9.4% from the year before. Net income was $27.0 million, 1.1% of revenue. Since the fiscal year to December 31, 2016, revenue has shrunk 6.3% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.42 | 2.67 | 2.96 | 3.22 | 2.96 | 2.93 | 3.92 | 3.99 | 3.95 | 4.33 |
| Revenue growth | -9.4% | -9.7% | -8.1% | 8.7% | 1.1% | -25.3% | -1.6% | 0.9% | -8.7% | — |
| Gross profit | 0.52 | 0.58 | 0.58 | 0.60 | 0.57 | 0.59 | 0.73 | 0.76 | 0.86 | 0.93 |
| Gross margin | 21.6% | 21.7% | 19.5% | 18.6% | 19.3% | 20.3% | 18.6% | 19.2% | 21.8% | 21.6% |
| Operating income | 0.08 | 0.02 | 0.03 | 0.05 | 0.09 | -0.05 | 0.03 | 0.09 | 0.17 | 0.12 |
| Operating margin | 3.4% | 0.7% | 0.9% | 1.7% | 3.1% | -1.6% | 0.9% | 2.2% | 4.4% | 2.7% |
| Net income | 0.03 | -0.05 | -0.06 | 0.01 | 0.04 | -0.13 | -0.16 | 0.01 | 0.11 | 0.04 |
| Net margin | 1.1% | -1.9% | -1.9% | 0.3% | 1.3% | -4.4% | -4.0% | 0.2% | 2.7% | 1.0% |
| Diluted EPS | $0.54 | -$1.07 | -$1.14 | $0.18 | $0.71 | -$2.53 | -$3.13 | $0.16 | $2.07 | $0.90 |
| Free cash flow | 0.09 | 0.10 | 0.11 | 0.10 | 0.06 | 0.14 | 0.06 | 0.20 | 0.28 | 0.27 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open QUAD in Markets.
How Quad Graphics makes money
Revenue by segment in the quarter to September 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Catalog Publications Retail Inserts Books & Directories | $297M | 50.6% |
| Direct Mail & Other Printed Products | $153M | 26.1% |
| Imaging Marketing Services & Other Services | $70.0M | 11.9% |
| Logistic Services | $61.6M | 10.5% |
| Other Revenues | $5.00M | 0.9% |
See also: QUAD valuation and P/E history · QUAD returns
No forecast, no recommendation. This page describes Quad Graphics Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.