Quad/Graphics, Inc. (QUAD) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	2.9B	2.4B	2.7B	3.0B	3.2B
Cost of Revenue	1.9B	2.0B	2.2B	2.5B	2.8B
Gross Profit	913.9M	444.7M	480.7M	450.8M	460.2M
Operating Expenses
R&D Expense	—	—	3.2M	3.1M	3.3M
SG&A Expense	320.2M	325.9M	350.4M	348.9M	356.5M
General & Admin Expense	—	—	—	—	—
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	483.0M	—	—	—	—
Total Operating Expenses	803.2M	325.9M	353.6M	352.0M	359.8M
Cost and Expenses	2.7B	2.3B	2.5B	2.9B	3.1B
Operating Income (EBIT)	110.7M	118.8M	127.1M	98.8M	100.4M
Non-Operating
Interest Income	—	—	—	—	—
Interest Expense	43.8M	50.5M	64.5M	70.0M	48.4M
Net Interest Income	(43.8M)	(50.5M)	(64.5M)	(70.0M)	(48.4M)
Other Non-Op Income/Expense	(71.1M)	(86.3M)	(171.6M)	(141.4M)	(82.7M)
Non-Operating Income (excl Interest)	27.5M	35.8M	108.6M	77.0M	28.7M
EBT (Pre-Tax Income)	39.6M	32.5M	(44.5M)	(42.6M)	17.7M
Income Tax Expense	8.4M	5.5M	6.4M	12.8M	8.4M
Bottom Line
Net Income	31.2M	27.0M	(50.9M)	(55.4M)	9.3M
Earnings from Cont. Ops	31.2M	27.0M	(50.9M)	(55.4M)	9.3M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	31.2M	27.0M	(50.9M)	(55.4M)	9.3M
Per Share
Basic EPS	$0.65	$0.57	($1.07)	($1.14)	$0.18
Diluted EPS	$0.63	$0.54	($1.07)	($1.14)	$0.18
Revenue Per Share	$59.38	$50.84	$56.14	$61.11	$63.45
Shares
Basic Shares Outstanding	48.0M	47.6M	47.6M	48.4M	50.7M
Diluted Shares Outstanding	50.0M	49.9M	47.6M	48.4M	52.5M
Profitability Metrics
EBITDA	157.0M	161.6M	121.0M	150.6M	213.0M
D&A	73.8M	78.6M	102.5M	128.8M	141.3M
EBIT	83.2M	83.0M	18.5M	21.8M	71.7M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026