Quad/Graphics, Inc. (QUAD) stock
QUADNYSECommercial PrintingFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 29, 2026Score 10/3041% below fair value
$7.54−0.02 (-0.26%)
Close on Nov 12, 2026Market cap $383.93MP/E –Yield 3.98%
Earnings
Quad/Graphics's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Feb 16, 2027
Q4 FY2026 · estimated, during market hours
Revenue, Q3 FY2026
$587.00M
-0.2% on a year earlier
Adjusted Diluted Earnings Per Share, Q3 FY2026
$0.35
$0.31 a year earlier
Latest guidance
Issued
Oct 28, 2026 · 5 items
Quarterly results
Revenue and earnings per share from each of Quad/Graphics's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Feb 16, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 30, 2026 | Oct 28, 2026after the close | $587.00M | -0.2% | $0.11 | $0.35 | Release |
| Q2 FY2026ended Jun 30, 2026 | Jul 28, 2026during market hours | $578.00M | +1.0% | $0.07 | $0.24 | Release |
| Q1 FY2026ended Mar 31, 2026 | Apr 28, 2026during market hours | $581.00M | -7.6% | $0.13 | $0.25 | Release |
| Q4 FY2025ended Dec 31, 2025 | Feb 17, 2026during market hours | $631.00M | -10.9% | $0.22 | $0.36 | Release |
| Q3 FY2025ended Sep 30, 2025 | Oct 28, 2025during market hours | $588.00M | -12.9% | $0.21 | $0.31 | Release |
| Q2 FY2025ended Jun 30, 2025 | Jul 29, 2025during market hours | $572.00M | -9.8% | $0.00 | $0.14 | Release |
| Q1 FY2025ended Mar 31, 2025 | Apr 29, 2025during market hours | $629.00M | -4.0% | $0.11 | $0.20 | Release |
| Q4 FY2024ended Dec 31, 2024 | Feb 18, 2025during market hours | $708.00M | -10.2% | $0.09 | $0.36 | Release |
| Q3 FY2024ended Sep 30, 2024 | Oct 29, 2024during market hours | $675.00M | -3.6% | – | $0.26 | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 30, 2024during market hours | $634.00M | -9.8% | -$0.06 | $0.12 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 30, 2024during market hours | $655.00M | -14.6% | -$0.60 | $0.10 | Release |
| Q4 FY2023ended Dec 31, 2023 | Feb 20, 2024during market hours | $788.00M | -11.0% | -$0.47 | $0.23 | Release |
| Q3 FY2023ended Sep 30, 2023 | Oct 31, 2023during market hours | $700.00M | -15.7% | -$0.06 | $0.11 | Release |
| Q2 FY2023ended Jun 30, 2023 | Aug 1, 2023during market hours | $703.00M | -7.3% | -$0.12 | $0.02 | Release |
| Q1 FY2023ended Mar 31, 2023 | May 2, 2023during market hours | $767.00M | +3.1% | -$0.50 | $0.15 | Release |
| Q4 FY2022ended Dec 31, 2022 | Feb 21, 2023during market hours | $885.00M | +3.5% | -$0.18 | $0.41 | Release |
| Q3 FY2022ended Sep 30, 2022 | Nov 1, 2022during market hours | $830.00M | +17.6% | $0.27 | $0.32 | Release |
| Q2 FY2022ended Jun 30, 2022 | Aug 2, 2022during market hours | $758.00M | – | $0.10 | $0.13 | Release |
| Q1 FY2022ended Mar 31, 2022 | May 3, 2022during market hours | $744.00M | – | -$0.02 | $0.04 | Release |
| Q4 FY2021ended Dec 31, 2021 | Feb 22, 2022during market hours | $855.00M | – | -$0.41 | $0.10 | Release |
| Q3 FY2021ended Sep 30, 2021 | Nov 3, 2021during market hours | $706.00M | – | $0.27 | $0.18 | Release |
| Q2 FY2021ended Jun 30, 2021 | Aug 3, 2021during market hours | – | – | – | – | Filing |
| Q1 FY2021ended Mar 31, 2021 | May 5, 2021during market hours | – | – | – | – | Filing |
| Q4 FY2020ended Dec 31, 2020 | Feb 24, 2021during market hours | – | – | – | – | Filing |
| Q3 FY2020ended Sep 30, 2020 | Nov 4, 2020during market hours | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Quad/Graphics's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| Adjusted Annual Net Sales Changenon-GAAP | FY2026 | -3% – -1% | – | New | Oct 28, 2026 |
| Adjusted Annual Net Sales Changenon-GAAP | FY2026 | -5% – -1% | -5% – -1% | Reaffirmed | Jul 28, 2026 |
| Full-Year Adjusted EBITDAnon-GAAP | FY2026 | $185.00M – $195.00M | – | New | Oct 28, 2026 |
| Full-Year Adjusted EBITDAnon-GAAP | FY2026 | $175.00M – $215.00M | $175.00M – $215.00M | Reaffirmed | Jul 28, 2026 |
| Free Cash Flownon-GAAP | FY2026 | $45.00M – $55.00M | – | New | Oct 28, 2026 |
| Free Cash Flownon-GAAP | FY2026 | $40.00M – $60.00M | $40.00M – $60.00M | Reaffirmed | Jul 28, 2026 |
| Capital Expenditures | FY2026 | $55.00M | – | New | Oct 28, 2026 |
| Capital Expenditures | FY2026 | $55.00M – $65.00M | $55.00M – $65.00M | Reaffirmed | Jul 28, 2026 |
| Year-End Net Debt Leverage Rationon-GAAP | FY2026 | 1.5 | – | New | Oct 28, 2026 |
| Year-End Net Debt Leverage Rationon-GAAP | FY2026 | 1.5 | 1.5 | Reaffirmed | Jul 28, 2026 |
Guidance history
Every forecast Quad/Graphics put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 28, 2026 | Capital Expenditures | FY2026 | $55.00M | New |
| Oct 28, 2026 | Full-Year Adjusted EBITDA | FY2026 | $185.00M – $195.00M | New |
| Oct 28, 2026 | Free Cash Flow | FY2026 | $45.00M – $55.00M | New |
| Oct 28, 2026 | Year-End Net Debt Leverage Ratio | FY2026 | 1.5 | New |
| Oct 28, 2026 | Adjusted Annual Net Sales Change | FY2026 | -3% – -1% | New |
| Jul 28, 2026 | Capital Expenditures | FY2026 | $55.00M – $65.00M | Reaffirmed |
| Jul 28, 2026 | Full-Year Adjusted EBITDA | FY2026 | $175.00M – $215.00M | Reaffirmed |
| Jul 28, 2026 | Free Cash Flow | FY2026 | $40.00M – $60.00M | Reaffirmed |
| Jul 28, 2026 | Year-End Net Debt Leverage Ratio | FY2026 | 1.5 | Reaffirmed |
| Jul 28, 2026 | Adjusted Annual Net Sales Change | FY2026 | -5% – -1% | Reaffirmed |
| Apr 28, 2026 | Capital Expenditures | FY2026 | $55.00M – $65.00M | New |
| Apr 28, 2026 | Full-Year Adjusted EBITDA | FY2026 | $175.00M – $215.00M | New |
| Apr 28, 2026 | Free Cash Flow | FY2026 | $40.00M – $60.00M | New |
| Apr 28, 2026 | Year-End Net Debt Leverage Ratio (2) | FY2026 | 1.5 | New |
| Apr 28, 2026 | Adjusted Annual Net Sales Change (1) | FY2026 | -5% – -1% | New |
| Oct 28, 2025 | Free Cash Flow | Q4 FY2025 | $137.00M – $147.00M | New |
| Feb 18, 2025 | Capital Expenditures | FY2025 | $65.00M – $75.00M | New |
| Feb 18, 2025 | Full-Year Adjusted EBITDA | FY2025 | $180.00M – $220.00M | New |
| Feb 18, 2025 | Free Cash Flow | FY2025 | $40.00M – $60.00M | New |
| Feb 18, 2025 | Year-End Debt Leverage Ratio | FY2025 | 1.5 | New |
| Feb 18, 2025 | Organic Annual Net Sales Change | FY2025 | -6% – -2% | New |
| Oct 28, 2024 | Capital Expenditures | FY2024 | $65.00M | Narrowed |
| Oct 28, 2024 | Full-Year Adjusted EBITDA | FY2024 | $215.00M – $235.00M | Narrowed |
| Oct 28, 2024 | Free Cash Flow | FY2024 | $50.00M – $70.00M | Reaffirmed |
| Oct 28, 2024 | Free Cash Flow | Q4 FY2024 | $142.00M – $162.00M | New |
| Oct 28, 2024 | Year-End Debt Leverage Ratio | FY2024 | 1.5 | Lowered |
| Oct 28, 2024 | Annual Net Sales Change | FY2024 | -9% | Lowered |
| Jul 30, 2024 | Capital Expenditures | FY2024 | $60.00M – $70.00M | Reaffirmed |
| Jul 30, 2024 | Full-Year Adjusted EBITDA | FY2024 | $205.00M – $245.00M | Reaffirmed |
| Jul 30, 2024 | Free Cash Flow | FY2024 | $50.00M – $70.00M | Reaffirmed |
| Jul 30, 2024 | Year-End Debt Leverage Ratio | FY2024 | 1.8 | Reaffirmed |
| Jul 30, 2024 | Annual Net Sales Change | FY2024 | -9% – -5% | Reaffirmed |
| Apr 30, 2024 | Capital Expenditures | FY2024 | $60.00M – $70.00M | New |
| Apr 30, 2024 | Full-Year Adjusted EBITDA | FY2024 | $205.00M – $245.00M | Reaffirmed |
| Apr 30, 2024 | Free Cash Flow | FY2024 | $50.00M – $70.00M | Reaffirmed |
| Apr 30, 2024 | Year-End Debt Leverage Ratio (1) | FY2024 | 1.8 | Reaffirmed |
| Apr 30, 2024 | Annual Net Sales Change | FY2024 | -9% – -5% | New |
| Feb 20, 2024 | Capital Expenditures | FY2024 | $60.00M – $70.00M | New |
| Feb 20, 2024 | Full-Year Adjusted EBITDA | FY2024 | $205.00M – $245.00M | New |
| Feb 20, 2024 | Free Cash Flow | FY2024 | $50.00M – $70.00M | New |
| Feb 20, 2024 | Year-End Debt Leverage Ratio (1) | FY2024 | 1.8 | New |
| Feb 20, 2024 | Annual Net Sales Change | FY2024 | -9% – -5% | New |
| Oct 31, 2023 | Capital Expenditures | FY2023 | $70.00M – $75.00M | New |
| Oct 31, 2023 | Full-Year Adjusted EBITDA | FY2023 | $220.00M – $240.00M | Narrowed |
| Oct 31, 2023 | Free Cash Flow | FY2023 | $60.00M – $80.00M | Narrowed |
| Oct 31, 2023 | Annual Net Sales Change | FY2023 | -9% – -7% | New |
| Aug 1, 2023 | Capital Expenditures | FY2023 | $65.00M – $75.00M | Reaffirmed |
| Aug 1, 2023 | Full-Year Adjusted EBITDA | FY2023 | $210.00M – $250.00M | Reaffirmed |
| Aug 1, 2023 | Free Cash Flow | FY2023 | $50.00M – $90.00M | Reaffirmed |
| Aug 1, 2023 | Year-End Debt Leverage Ratio (1) | FY2023 | 2 | Reaffirmed |
| Aug 1, 2023 | Annual Net Sales Change | FY2023 | -5% – 0% | Reaffirmed |
| May 2, 2023 | Capital Expenditures | FY2023 | $65.00M – $75.00M | Reaffirmed |
| May 2, 2023 | Full-Year Adjusted EBITDA | FY2023 | $210.00M – $250.00M | Reaffirmed |
| May 2, 2023 | Free Cash Flow | FY2023 | $50.00M – $90.00M | Reaffirmed |
| May 2, 2023 | Year-End Debt Leverage Ratio (1) | FY2023 | 2 | Reaffirmed |
| May 2, 2023 | Annual Net Sales Change | FY2023 | -5% – 0% | Reaffirmed |
| Feb 21, 2023 | Capital Expenditures | FY2023 | $65.00M – $75.00M | New |
| Feb 21, 2023 | Full-Year Adjusted EBITDA | FY2023 | $210.00M – $250.00M | New |
| Feb 21, 2023 | Free Cash Flow | FY2023 | $50.00M – $90.00M | New |
| Feb 21, 2023 | Year-End Debt Leverage Ratio (1) | FY2023 | 2 | New |
| Feb 21, 2023 | Annual Net Sales Change | FY2023 | -5% – 0% | New |
| Nov 1, 2022 | Full-Year Adjusted EBITDA | FY2022 | $235.00M – $255.00M | Narrowed |
| Nov 1, 2022 | Free Cash Flow | FY2022 | $70.00M – $90.00M | Lowered |
| Nov 1, 2022 | Year-End Debt Leverage Ratio | FY2022 | 2.25 | Reaffirmed |
| Nov 1, 2022 | Annual Net Sales Change | FY2022 | +8% – +10% | New |
| Aug 2, 2022 | Capital Expenditures | FY2022 | $55.00M – $65.00M | Reaffirmed |
| Aug 2, 2022 | Full-Year Adjusted EBITDA | FY2022 | $230.00M – $270.00M | Reaffirmed |
| Aug 2, 2022 | Free Cash Flow | FY2022 | $70.00M – $100.00M | Reaffirmed |
| Aug 2, 2022 | Year-End Debt Leverage Ratio | FY2022 | 2.25 | Reaffirmed |
| Aug 2, 2022 | Annual Net Sales Change | FY2022 | +3% – +7% | Reaffirmed |
| May 3, 2022 | Capital Expenditures | FY2022 | $55.00M – $65.00M | Reaffirmed |
| May 3, 2022 | Full-Year Adjusted EBITDA | FY2022 | $230.00M – $270.00M | Reaffirmed |
| May 3, 2022 | Free Cash Flow | FY2022 | $70.00M – $100.00M | Reaffirmed |
| May 3, 2022 | Year-End Debt Leverage Ratio | FY2022 | 2.25 | Reaffirmed |
| May 3, 2022 | Annual Net Sales Change | FY2022 | +3% – +7% | Reaffirmed |
| Feb 22, 2022 | Capital Expenditures | FY2022 | $55.00M – $65.00M | New |
| Feb 22, 2022 | Full-Year Adjusted EBITDA | FY2022 | $230.00M – $270.00M | New |
| Feb 22, 2022 | Free Cash Flow | FY2022 | $70.00M – $100.00M | New |
| Feb 22, 2022 | Year-End Debt Leverage Ratio | FY2022 | 2.25 | New |
| Feb 22, 2022 | Annual Net Sales Change | FY2022 | +3% – +7% | New |
| Nov 2, 2021 | Full-Year Adjusted EBITDA | FY2021 | $240.00M – $260.00M | New |
| Nov 2, 2021 | Year-End Debt Leverage Ratio (2) | FY2021 | 2.75 | New |
| Nov 2, 2021 | Annual Net Sales Change (1) | FY2021 | +1% – +3% | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Quad/Graphics filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Update
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Update
- Results
- Results
- Results
- Results
- Results
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