# Quad/Graphics, Inc.: financial statements, quarterly 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) Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/quad/financials.md?period=annual). ## Income statement | Line item | Unit | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | 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 | [788 d](/filings/0001481792-25-000010.md) | [655](/filings/0001481792-25-000025.md) | [634](/filings/0001481792-25-000039.md) | [675](/filings/0001481792-25-000045.md) | [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) | | Cost of revenue | $m | [633 d](/filings/0001481792-25-000010.md) | [521](/filings/0001481792-25-000025.md) | [494](/filings/0001481792-25-000039.md) | [528](/filings/0001481792-25-000045.md) | [549 d](/filings/0001481792-26-000042.md) | [500](/filings/0001481792-26-000092.md) | [448](/filings/0001481792-26-000130.md) | [454](/filings/0001481792-26-000150.md) | [494 d](/filings/0001481792-26-000042.md) | [458](/filings/0001481792-26-000092.md) | [456](/filings/0001481792-26-000130.md) | [459](/filings/0001481792-26-000150.md) | | Selling, general and administrative | $m | [89.5 d](/filings/0001481792-25-000010.md) | [83.1](/filings/0001481792-25-000025.md) | [88.7](/filings/0001481792-25-000039.md) | [88.4](/filings/0001481792-25-000045.md) | [96.6 d](/filings/0001481792-26-000042.md) | [83.5](/filings/0001481792-26-000092.md) | [80.2](/filings/0001481792-26-000130.md) | [80.9](/filings/0001481792-26-000150.md) | [81.3 d](/filings/0001481792-26-000042.md) | [78.4](/filings/0001481792-26-000092.md) | [79.6](/filings/0001481792-26-000130.md) | [76.9](/filings/0001481792-26-000150.md) | | Operating income | $m | [3.5 d](/filings/0001481792-25-000010.md) | [(10.7)](/filings/0001481792-25-000025.md) | [15.1](/filings/0001481792-25-000039.md) | [(4.9)](/filings/0001481792-25-000045.md) | [19.7 d](/filings/0001481792-26-000042.md) | [19.6](/filings/0001481792-26-000092.md) | [13.7](/filings/0001481792-26-000130.md) | [26.4](/filings/0001481792-26-000150.md) | [37.3 d](/filings/0001481792-26-000042.md) | [17.7](/filings/0001481792-26-000092.md) | [14.9](/filings/0001481792-26-000130.md) | [13.9](/filings/0001481792-26-000150.md) | | Interest expense | $m | [19.0 d](/filings/0001481792-25-000010.md) | [15.2](/filings/0001481792-25-000025.md) | [17.2](/filings/0001481792-25-000039.md) | [17.0](/filings/0001481792-25-000045.md) | [15.1 d](/filings/0001481792-26-000042.md) | [12.4](/filings/0001481792-26-000092.md) | [13.2](/filings/0001481792-26-000130.md) | [12.8](/filings/0001481792-26-000150.md) | [12.1 d](/filings/0001481792-26-000042.md) | [10.0](/filings/0001481792-26-000092.md) | [8.9](/filings/0001481792-26-000130.md) | [9.7](/filings/0001481792-26-000150.md) | | Income tax | $m | [6.9 d](/filings/0001481792-25-000010.md) | [2.4](/filings/0001481792-25-000025.md) | [0.9](/filings/0001481792-25-000039.md) | [3.0](/filings/0001481792-25-000045.md) | [0.1 d](/filings/0001481792-26-000042.md) | [1.0](/filings/0001481792-26-000092.md) | [0.3](/filings/0001481792-26-000130.md) | [3.0](/filings/0001481792-26-000150.md) | [1.2 d](/filings/0001481792-26-000042.md) | [1.7](/filings/0001481792-26-000092.md) | [2.5](/filings/0001481792-26-000130.md) | [(1.1)](/filings/0001481792-26-000150.md) | | Net income | $m | [(22.0) d](/filings/0001481792-25-000010.md) | [(28.1)](/filings/0001481792-25-000045.md) | [(2.8)](/filings/0001481792-25-000045.md) | [(24.7)](/filings/0001481792-25-000045.md) | [4.7 d](/filings/0001481792-26-000042.md) | [5.8](/filings/0001481792-26-000150.md) | [(0.1)](/filings/0001481792-26-000150.md) | [10.2](/filings/0001481792-26-000150.md) | [11.1 d](/filings/0001481792-26-000042.md) | [6.2](/filings/0001481792-26-000150.md) | [3.7](/filings/0001481792-26-000150.md) | [5.5](/filings/0001481792-26-000150.md) | | Diluted EPS | $ per share | not reported | [(0.60)](/filings/0001481792-25-000025.md) | [(0.06)](/filings/0001481792-25-000039.md) | [(0.52)](/filings/0001481792-25-000045.md) | 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) | | Basic EPS | $ per share | not reported | [(0.60)](/filings/0001481792-25-000025.md) | [(0.06)](/filings/0001481792-25-000039.md) | [(0.52)](/filings/0001481792-25-000045.md) | not reported | [0.12](/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) | [0.08](/filings/0001481792-26-000130.md) | [0.11](/filings/0001481792-26-000150.md) | - Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax - Cost of revenue: us-gaap:CostOfGoodsAndServicesSold - Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense - Operating income: us-gaap:OperatingIncomeLoss - Interest expense: us-gaap:InterestExpense - Income tax: us-gaap:IncomeTaxExpenseBenefit - Net income: us-gaap:ProfitLoss, us-gaap:NetIncomeLoss - Diluted EPS: us-gaap:EarningsPerShareDiluted - Basic EPS: us-gaap:EarningsPerShareBasic ## Balance sheet | Line item | Unit | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Cash and equivalents | $m | [52.9](/filings/0001481792-25-000010.md) | [10.2](/filings/0001481792-24-000021.md) | [12.8](/filings/0001481792-24-000030.md) | [12.5](/filings/0001481792-24-000044.md) | [29.2](/filings/0001481792-26-000042.md) | [8.1](/filings/0001481792-25-000025.md) | [6.7](/filings/0001481792-25-000039.md) | [6.2](/filings/0001481792-25-000045.md) | [63.3](/filings/0001481792-26-000150.md) | [7.0](/filings/0001481792-26-000092.md) | [7.4](/filings/0001481792-26-000130.md) | [22.8](/filings/0001481792-26-000150.md) | | Current assets | $m | [588](/filings/0001481792-25-000010.md) | [550](/filings/0001481792-24-000021.md) | [519](/filings/0001481792-24-000030.md) | [592](/filings/0001481792-24-000044.md) | [534](/filings/0001481792-26-000042.md) | [511](/filings/0001481792-25-000025.md) | [493](/filings/0001481792-25-000039.md) | [529](/filings/0001481792-25-000045.md) | [538](/filings/0001481792-26-000150.md) | [523](/filings/0001481792-26-000092.md) | [502](/filings/0001481792-26-000130.md) | [574](/filings/0001481792-26-000150.md) | | Total assets | $m | [1,510](/filings/0001481792-25-000010.md) | [1,424](/filings/0001481792-25-000025.md) | [1,368](/filings/0001481792-25-000039.md) | [1,389](/filings/0001481792-25-000045.md) | [1,299](/filings/0001481792-26-000042.md) | [1,247](/filings/0001481792-26-000092.md) | [1,241](/filings/0001481792-26-000130.md) | [1,268](/filings/0001481792-26-000150.md) | [1,253](/filings/0001481792-26-000150.md) | [1,231](/filings/0001481792-26-000092.md) | [1,198](/filings/0001481792-26-000130.md) | [1,250](/filings/0001481792-26-000150.md) | | Current liabilities | $m | [791](/filings/0001481792-25-000010.md) | [631](/filings/0001481792-24-000021.md) | [612](/filings/0001481792-24-000030.md) | [698](/filings/0001481792-24-000044.md) | [699](/filings/0001481792-26-000042.md) | [533](/filings/0001481792-25-000025.md) | [534](/filings/0001481792-25-000039.md) | [540](/filings/0001481792-25-000045.md) | [624](/filings/0001481792-26-000150.md) | [554](/filings/0001481792-26-000092.md) | [574](/filings/0001481792-26-000130.md) | [590](/filings/0001481792-26-000150.md) | | Total liabilities | $m | [1,390](/filings/0001481792-25-000010.md) | [1,335](/filings/0001481792-24-000021.md) | [1,289](/filings/0001481792-24-000030.md) | [1,338](/filings/0001481792-24-000044.md) | [1,249](/filings/0001481792-26-000042.md) | [1,159](/filings/0001481792-25-000025.md) | [1,154](/filings/0001481792-25-000039.md) | [1,171](/filings/0001481792-25-000045.md) | [1,124](/filings/0001481792-26-000150.md) | [1,104](/filings/0001481792-26-000092.md) | [1,073](/filings/0001481792-26-000130.md) | [1,130](/filings/0001481792-26-000150.md) | | Long-term debt | $m | [363](/filings/0001481792-25-000010.md) | [474](/filings/0001481792-24-000021.md) | [456](/filings/0001481792-24-000030.md) | [423](/filings/0001481792-24-000044.md) | [349](/filings/0001481792-26-000042.md) | [439](/filings/0001481792-25-000025.md) | [421](/filings/0001481792-25-000039.md) | [433](/filings/0001481792-25-000045.md) | [323](/filings/0001481792-26-000150.md) | [385](/filings/0001481792-26-000092.md) | [350](/filings/0001481792-26-000130.md) | [390](/filings/0001481792-26-000150.md) | | Current portion of debt | $m | [152](/filings/0001481792-25-000010.md) | [71.5](/filings/0001481792-24-000021.md) | [82.1](/filings/0001481792-24-000030.md) | [77.2](/filings/0001481792-24-000044.md) | [28.0](/filings/0001481792-26-000042.md) | [30.3](/filings/0001481792-25-000025.md) | [32.5](/filings/0001481792-25-000039.md) | [36.6](/filings/0001481792-25-000045.md) | [47.0](/filings/0001481792-26-000150.md) | [48.7](/filings/0001481792-26-000092.md) | [50.2](/filings/0001481792-26-000130.md) | [51.8](/filings/0001481792-26-000150.md) | | Shareholders' equity | $m | [(118)](/filings/0001481792-26-000042.md) | [89.2](/filings/0001481792-25-000045.md) | [79.1](/filings/0001481792-25-000045.md) | [50.9](/filings/0001481792-25-000045.md) | [49.9](/filings/0001481792-26-000150.md) | [87.4](/filings/0001481792-26-000150.md) | [87.0](/filings/0001481792-26-000150.md) | [96.7](/filings/0001481792-26-000150.md) | [129](/filings/0001481792-26-000150.md) | [127](/filings/0001481792-26-000150.md) | [125](/filings/0001481792-26-000150.md) | [121](/filings/0001481792-26-000150.md) | - Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue - Current assets: us-gaap:AssetsCurrent - Total assets: us-gaap:Assets - Current liabilities: us-gaap:LiabilitiesCurrent - Total liabilities: us-gaap:Liabilities - Long-term debt: us-gaap:LongTermDebtNoncurrent - Current portion of debt: us-gaap:LongTermDebtCurrent - Shareholders' equity: us-gaap:StockholdersEquity ## Cash flow | Line item | Unit | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | 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) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Operating cash flow | $m | [107 d](/filings/0001481792-25-000010.md) | [(52.2)](/filings/0001481792-25-000025.md) | [3.9 d](/filings/0001481792-25-000039.md) | [2.4 d](/filings/0001481792-25-000045.md) | [159 d](/filings/0001481792-26-000042.md) | [(89.0)](/filings/0001481792-26-000092.md) | [47.4 d](/filings/0001481792-26-000130.md) | [(8.4) d](/filings/0001481792-26-000150.md) | [146 d](/filings/0001481792-26-000042.md) | [(93.7)](/filings/0001481792-26-000092.md) | [52.8 d](/filings/0001481792-26-000130.md) | [(21.5) d](/filings/0001481792-26-000150.md) | | Capital expenditure | $m | [11.3 d](/filings/0001481792-25-000010.md) | [17.9](/filings/0001481792-25-000025.md) | [15.6 d](/filings/0001481792-25-000039.md) | [12.2 d](/filings/0001481792-25-000045.md) | [11.5 d](/filings/0001481792-26-000042.md) | [11.3](/filings/0001481792-26-000092.md) | [13.0 d](/filings/0001481792-26-000130.md) | [12.2 d](/filings/0001481792-26-000150.md) | [8.7 d](/filings/0001481792-26-000042.md) | [13.3](/filings/0001481792-26-000092.md) | [12.0 d](/filings/0001481792-26-000130.md) | [12.3 d](/filings/0001481792-26-000150.md) | | Dividends paid | $m | [0.0 d](/filings/0001481792-25-000010.md) | [2.4](/filings/0001481792-25-000025.md) | [2.3 d](/filings/0001481792-25-000039.md) | [2.3 d](/filings/0001481792-25-000045.md) | [2.4 d](/filings/0001481792-26-000042.md) | [3.5](/filings/0001481792-26-000092.md) | [3.9 d](/filings/0001481792-26-000130.md) | [3.5 d](/filings/0001481792-26-000150.md) | [3.5 d](/filings/0001481792-26-000042.md) | [5.5](/filings/0001481792-26-000092.md) | [4.7 d](/filings/0001481792-26-000130.md) | [4.7 d](/filings/0001481792-26-000150.md) | | Share repurchases | $m | [2.4 d](/filings/0001481792-25-000010.md) | [0.0](/filings/0001481792-25-000025.md) | [0.0 d](/filings/0001481792-25-000039.md) | [0.0 d](/filings/0001481792-25-000045.md) | [0.0 d](/filings/0001481792-26-000042.md) | [3.3](/filings/0001481792-26-000092.md) | [4.3 d](/filings/0001481792-26-000130.md) | [0.2 d](/filings/0001481792-26-000150.md) | [0.2 d](/filings/0001481792-26-000042.md) | [1.1](/filings/0001481792-26-000092.md) | [2.1 d](/filings/0001481792-26-000130.md) | [5.2 d](/filings/0001481792-26-000150.md) | - Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities - Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment - Dividends paid: us-gaap:PaymentsOfDividends - Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock ## Shares | Line item | Unit | Q1 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | Q3 FY2026 (2026-09-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Diluted shares (weighted) | millions of shares | [49.2](/filings/0001481792-24-000021.md) | [49.3](/filings/0001481792-24-000030.md) | [48.0](/filings/0001481792-24-000044.md) | [47.2](/filings/0001481792-25-000025.md) | [47.7](/filings/0001481792-25-000039.md) | [47.8](/filings/0001481792-25-000045.md) | [50.7](/filings/0001481792-26-000092.md) | [47.6](/filings/0001481792-26-000130.md) | [49.7](/filings/0001481792-26-000150.md) | [49.6](/filings/0001481792-26-000092.md) | [50.0](/filings/0001481792-26-000130.md) | [50.4](/filings/0001481792-26-000150.md) | - Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 29, 2026, 16:12 ET. No prices; not investment advice.