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
$7.56+0.16 (+2.16%)
Close on Nov 11, 2026Market cap $384.95MP/E –Yield 3.97%
Quad/Graphics operating margin
Operating margin is operating income as a percentage of revenue.
Quad/Graphics's operating margin for the twelve months ending Sep 30, 2026 was 3.5%. For fiscal 2025 it was 4.0%, against 0.7% the year before. The highest annual figure on record is 6.3% in fiscal 2009.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 4.0% | +3.3 |
| FY2024 | Dec 31, 2024 | 0.7% | −0.2 |
| FY2023 | Dec 31, 2023 | 0.9% | −0.8 |
| FY2022 | Dec 31, 2022 | 1.7% | −1.5 |
| FY2021 | Dec 31, 2021 | 3.1% | +4.7 |
| FY2020 | Dec 31, 2020 | -1.6% | −2.5 |
| FY2019 | Dec 31, 2019 | 0.9% | −1.3 |
| FY2018 | Dec 31, 2018 | 2.2% | −2.2 |
| FY2017 | Dec 31, 2017 | 4.4% | +1.7 |
| FY2016 | Dec 31, 2016 | 2.7% | +20.8 |
| FY2015 | Dec 31, 2015 | -18.1% | −21.0 |
| FY2014 | Dec 31, 2014 | 3.0% | −0.0 |
| FY2013 | Dec 31, 2013 | 3.0% | +0.4 |
| FY2012 | Dec 31, 2012 | 2.6% | −1.0 |
| FY2011 | Dec 31, 2011 | 3.6% | +1.7 |
| FY2010 | Dec 31, 2010 | 1.9% | −4.4 |
| FY2009 | Dec 31, 2009 | 6.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 2.4% | −2.1 |
| Q2 FY2026 | Jun 30, 2026 | 2.6% | +0.2 |
| Q1 FY2026 | Mar 31, 2026 | 3.0% | −0.1 |
| Q4 FY2025 | Dec 31, 2025 | 5.9% | +3.1 |
| Q3 FY2025 | Sep 30, 2025 | 4.5% | +5.2 |
| Q2 FY2025 | Jun 30, 2025 | 2.4% | +0.0 |
| Q1 FY2025 | Mar 31, 2025 | 3.1% | +4.7 |
| Q4 FY2024 | Dec 31, 2024 | 2.8% | +2.3 |
| Q3 FY2024 | Sep 30, 2024 | -0.7% | −2.7 |
| Q2 FY2024 | Jun 30, 2024 | 2.4% | +1.2 |
| Q1 FY2024 | Mar 31, 2024 | -1.6% | −1.6 |
| Q4 FY2023 | Dec 31, 2023 | 0.4% | −0.5 |
| Q3 FY2023 | Sep 30, 2023 | 2.0% | −1.1 |
| Q2 FY2023 | Jun 30, 2023 | 1.2% | −0.7 |
| Q1 FY2023 | Mar 31, 2023 | 0.0% | −0.7 |
| Q4 FY2022 | Dec 31, 2022 | 1.0% | +1.5 |
| Q3 FY2022 | Sep 30, 2022 | 3.0% | −0.9 |
| Q2 FY2022 | Jun 30, 2022 | 1.9% | −5.0 |
| Q1 FY2022 | Mar 31, 2022 | 0.7% | −2.2 |
| Q4 FY2021 | Dec 31, 2021 | -0.5% | +6.0 |
| Q3 FY2021 | Sep 30, 2021 | 4.0% | +3.0 |
| Q2 FY2021 | Jun 30, 2021 | 6.9% | +7.4 |
| Q1 FY2021 | Mar 31, 2021 | 3.0% | +2.4 |
| Q4 FY2020 | Dec 31, 2020 | -6.5% | −9.2 |
| Q3 FY2020 | Sep 30, 2020 | 0.9% | +4.0 |
| Q2 FY2020 | Jun 30, 2020 | -0.5% | −2.4 |
| Q1 FY2020 | Mar 31, 2020 | 0.6% | −1.1 |
| Q4 FY2019 | Dec 31, 2019 | 2.7% | +2.5 |
| Q3 FY2019 | Sep 30, 2019 | -3.1% | −7.9 |
| Q2 FY2019 | Jun 30, 2019 | 2.0% | −0.1 |
| Q1 FY2019 | Mar 31, 2019 | 1.7% | +1.0 |
| Q4 FY2018 | Dec 31, 2018 | 0.2% | −4.4 |
| Q3 FY2018 | Sep 30, 2018 | 4.8% | +0.2 |
| Q2 FY2018 | Jun 30, 2018 | 2.1% | −1.1 |
| Q1 FY2018 | Mar 31, 2018 | 0.7% | −4.4 |
| Q4 FY2017 | Dec 31, 2017 | 4.6% | −0.2 |
| Q3 FY2017 | Sep 30, 2017 | 4.7% | – |
| Q2 FY2017 | Jun 30, 2017 | 3.1% | – |
| Q1 FY2017 | Mar 31, 2017 | 5.1% | – |
| Q4 FY2016 | Dec 31, 2016 | 4.8% | – |
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