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Quad/graphics, Inc. income statement

In fiscal 2025, Quad/graphics, Inc. reported revenue of $2.42bn, down 9.4% on the year before, operating income of $97.0m (a 4.0% margin) and net income of $27.0m, or $0.54 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue1,7893,1864,3254,0944,7964,7784,5974,3303,9513,9863,9232,9302,9603,2172,9582,6722,4202,376
Cost of revenue1,2742,4063,3023,1843,8023,8073,6803,3953,0913,2213,1922,3352,3902,6192,3812,0921,8971,868
Gross profit5147801,023911994971917935860764731595571598577580523508
Research and development141717131311109944333333—
Selling, general and administrative194303407347416426448467409359398335326359345357326316
Operating income11262157107142141−8301171738735−46935426199784
Interest expense6493108848693887771739069604870655141
Net interest income——————————−1682————
Income before tax48−3115235741−9185910927−80−1064718−43−453331
Income tax222326−322320−28313−9−2−24010813664
Net income53−250−47873319−642451079−156−128389−55−512727
Diluted EPS$1.81−$6.67−$1.00$1.78$0.65$0.38−$13.40$0.90$2.07$0.16−$3.12−$2.53$0.71$0.18−$1.14−$1.07$0.54$0.53
Diluted shares (average)29m38m47m47m48m49m48m50m52m52m50m51m53m53m48m48m50m50m
EBITDA307295436379412402−58434437326819997219164127104170151

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Quad/graphics, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Quad/graphics, Inc.