# Quad/Graphics, Inc.: overview

QUAD · NYSE · CIK 1481792 · [Communication](/sectors/communication.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/quad.md) · [Financials](/companies/quad/financials.md) · [Filings](/companies/quad/filings.md) · [Insiders](/companies/quad/insiders.md)

Latest reported revenue: [$586.7m](/filings/0001481792-26-000150.md) for Q3 FY2026, three months to 2026-09-30, from the 10-Q filed Oct 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001481792-26-000150).

## Last eight quarters

| Line item | Unit | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [708 d](/filings/0001481792-26-000042.md) | [629](/filings/0001481792-26-000092.md) | [572](/filings/0001481792-26-000130.md) | [588](/filings/0001481792-26-000150.md) | [631 d](/filings/0001481792-26-000042.md) | [581](/filings/0001481792-26-000092.md) | [578](/filings/0001481792-26-000130.md) | [587](/filings/0001481792-26-000150.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [2.8% d](/filings/0001481792-26-000042.md) | [3.1%](/filings/0001481792-26-000092.md) | [2.4%](/filings/0001481792-26-000130.md) | [4.5%](/filings/0001481792-26-000150.md) | [5.9% d](/filings/0001481792-26-000042.md) | [3.0%](/filings/0001481792-26-000092.md) | [2.6%](/filings/0001481792-26-000130.md) | [2.4%](/filings/0001481792-26-000150.md) |
| Net margin | % | [0.7% d](/filings/0001481792-26-000042.md) | [0.9%](/filings/0001481792-26-000150.md) | [(0.0%)](/filings/0001481792-26-000150.md) | [1.7%](/filings/0001481792-26-000150.md) | [1.8% d](/filings/0001481792-26-000042.md) | [1.1%](/filings/0001481792-26-000150.md) | [0.6%](/filings/0001481792-26-000150.md) | [0.9%](/filings/0001481792-26-000150.md) |
| Diluted EPS | $ per share | not reported | [0.11](/filings/0001481792-26-000092.md) | [0.00](/filings/0001481792-26-000130.md) | [0.21](/filings/0001481792-26-000150.md) | not reported | [0.13](/filings/0001481792-26-000092.md) | [0.07](/filings/0001481792-26-000130.md) | [0.11](/filings/0001481792-26-000150.md) |
| Free cash flow | $m | [147 d](/filings/0001481792-26-000042.md) | [(100)](/filings/0001481792-26-000092.md) | [34.4 d](/filings/0001481792-26-000130.md) | [(20.6) d](/filings/0001481792-26-000150.md) | [137 d](/filings/0001481792-26-000042.md) | [(107)](/filings/0001481792-26-000092.md) | [40.8 d](/filings/0001481792-26-000130.md) | [(33.8) d](/filings/0001481792-26-000150.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:NetIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [2,960](/filings/0001481792-23-000012.md) | [3,217](/filings/0001481792-24-000007.md) | [2,958](/filings/0001481792-25-000010.md) | [2,672](/filings/0001481792-26-000042.md) | [2,420](/filings/0001481792-26-000042.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [3.1%](/filings/0001481792-23-000012.md) | [1.7%](/filings/0001481792-24-000007.md) | [0.9%](/filings/0001481792-25-000010.md) | [0.7%](/filings/0001481792-26-000042.md) | [4.0%](/filings/0001481792-26-000042.md) |
| Net margin | % | [1.3%](/filings/0001481792-22-000005.md) | [0.3%](/filings/0001481792-24-000007.md) | [(1.9%)](/filings/0001481792-25-000010.md) | [(1.9%)](/filings/0001481792-26-000042.md) | [1.1%](/filings/0001481792-26-000042.md) |
| Diluted EPS | $ per share | [0.71](/filings/0001481792-23-000012.md) | [0.18](/filings/0001481792-24-000007.md) | [(1.14)](/filings/0001481792-25-000010.md) | [(1.07)](/filings/0001481792-26-000042.md) | [0.54](/filings/0001481792-26-000042.md) |
| Free cash flow | $m | [86.5](/filings/0001481792-23-000012.md) | [94.3](/filings/0001481792-24-000007.md) | [76.8](/filings/0001481792-25-000010.md) | [55.7](/filings/0001481792-26-000042.md) | [50.7](/filings/0001481792-26-000042.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/quad/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Miller Value Partners, LLC](/funds/1135778.md) | 2026-06-30 | $21.4m | 2,538,299 |  | Reduced −112,740 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $19.3m | 2,290,195 |  | Added +269,378 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $11.0m | 1,303,331 |  | Reduced −83,789 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $10.1m | 1,194,489 |  | Added +59,050 |
| [HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC](/funds/1164833.md) | 2026-06-30 | $8.9m | 1,053,640 |  | Added +32,110 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $6.5m | 773,412 |  | Added +80,895 |
| [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $5.7m | 672,900 |  | Reduced −49,500 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $5.4m | 637,466 |  | Added +4,305 |
| [GREAT VALLEY ADVISOR GROUP, INC.](/funds/1769897.md) | 2026-06-30 | $5.2m | 622,325 |  | Added +1,000 |
| [O'SHAUGHNESSY ASSET MANAGEMENT, LLC](/funds/1423442.md) | 2026-06-30 | $3.9m | 460,731 |  | Added +93,001 |

## Recent filings

[All 1,145 filings](/companies/quad/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-29 | 15:54 ET | [10-Q](/filings/0001481792-26-000150.md) | Quarterly report, period 2026-09-30 | 0001481792-26-000150 |
| 2026-10-28 | 17:10 ET | [8-K](/filings/0001481792-26-000147.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001481792-26-000147 |
| 2026-08-25 | 08:29 ET | [8-K](/filings/0001481792-26-000143.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001481792-26-000143 |
| 2026-07-29 | 15:32 ET | [10-Q](/filings/0001481792-26-000130.md) | Quarterly report, period 2026-06-30 | 0001481792-26-000130 |
| 2026-07-28 | 17:00 ET | [8-K](/filings/0001481792-26-000128.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001481792-26-000128 |
| 2026-05-22 | 16:52 ET | [8-K](/filings/0001481792-26-000123.md) | 5.07 Shareholder vote results | 0001481792-26-000123 |
| 2026-04-29 | 13:42 ET | [10-Q](/filings/0001481792-26-000092.md) | Quarterly report, period 2026-03-31 | 0001481792-26-000092 |
| 2026-04-28 | 16:47 ET | [8-K](/filings/0001481792-26-000088.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001481792-26-000088 |
| 2026-04-10 | 16:31 ET | [DEF 14A](/filings/0001481792-26-000082.md) | Proxy statement, period 2026-05-20 | 0001481792-26-000082 |
| 2026-02-18 | 14:43 ET | [10-K](/filings/0001481792-26-000042.md) | Annual report, period 2025-12-31 | 0001481792-26-000042 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001481792-26-000042.md), filed Feb 18, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1481792
- Tickers: QUAD
- Exchange: NYSE
- SIC code: 2750 Commercial Printing
- State of incorporation: WI
- Filer category: Accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 16:12 ET. No prices; not investment advice.
