Jun 2026 (Q2 FY26) — Jul 29, 2026
Quad Q2 FY26 — Strong Free Cash Flow and Strategic Growth in Packaging & Retail Media
Read the full callQuad/Graphics earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 581 | −7.7% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 3.0 | −0.1 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 6.2 | +6.9% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Price
1Y: $5.68 on 17 Oct 2025 → $9.27. High $10.85 (3 Aug 2026), low $5.18 (19 Nov 2025).
Overview
Call summaries
Quad Q2 FY26 — Strong Free Cash Flow and Strategic Growth in Packaging & Retail Media
Read the full callEvery analysed call
Financials
Net profit, year on year: +7% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 634 | 675 | 708 | 629 | 572 | 588 | 631 | 581 |
| Expenses | 619 | 680 | 689 | 610 | 558 | 562 | 593 | 563 |
| Operating profit | 15 | -5 | 20 | 20 | 14 | 26 | 37 | 18 |
| Operating margin | 2.4% | −0.7% | 2.8% | 3.1% | 2.4% | 4.5% | 5.9% | 3.0% |
| Interest | 17 | 17 | 15 | 12 | 13 | 13 | 12 | 10 |
| Profit before tax | -2 | -22 | 5 | 7 | 0 | 13 | 12 | 8 |
| Tax rate | −47.4% | −13.8% | 2.1% | 14.7% | 150.0% | 22.7% | 9.8% | 21.5% |
| Net profit | -3 | -25 | — | 6 | -0 | 10 | — | 6 |
| EPS ($ per share) | -0.06 | -0.52 | — | 0.12 | 0 | 0.21 | — | 0.13 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | -211 | -423 | -566 | -528 | -518 | -574 | -635 | -623 |
| Total liabilities | 2,009 | 2,173 | 1,843 | 1,753 | 1,529 | 1,390 | 1,249 | 1,124 |
| Fixed assets | 1,154 | 1,037 | 884 | 727 | 672 | 621 | 500 | 462 |
| Total assets | 2,469 | 2,417 | 1,928 | 1,890 | 1,702 | 1,510 | 1,299 | 1,253 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 261 | 156 | 190 | 137 | 155 | 148 | 113 | 96 |
| Cash from investing | -120 | -208 | 10 | 129 | -60 | -46 | 13 | -28 |
| Cash from financing | -133 | 62 | -224 | -141 | -249 | -74 | -149 | -36 |
| Net cash flow | — | 9 | -23 | 125 | -155 | 28 | -24 | 32 |
| Capital expenditure | -96 | -111 | -61 | -50 | -60 | -71 | -57 | -45 |
| Free cash flow | 164 | 45 | 129 | 87 | 94 | 77 | 56 | 51 |
49 filings between Nov 20, 2025 and Jul 31, 2026.
Nobody bought or sold QUAD on the open market in this window. The filings below are 23 awards, 13 tax withholdings and 13 dispositions to the issuer.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 31, 2026 | Fowler John C Director | Disposition to issuer | 26,000 | $256.4K |
| Jul 31, 2026 | McKenna Donald M EVP, Chief Administrative Ofcr | Disposition to issuer | 12,289 | $120.9K |
| Jul 31, 2026 | Huet Melanie Arlene Director | Disposition to issuer | 28,543 | $285.1K |
| May 27, 2026 | Flores Kathryn Quadracci Director | Disposition to issuer | 9,692 | $71.7K |
| May 26, 2026 | Flores Kathryn Quadracci Director | Disposition to issuer | 17,735 | $128.6K |
| May 20, 2026 | Rothman Jay O. Director | Award | 19,178 | $0 |
| May 20, 2026 | Fuller Stephen M. Director | Award | 19,178 | $0 |
| May 20, 2026 | Fowler John C Director | Award | 19,178 | $0 |
| May 20, 2026 | Buth Douglas P Director | Award | 19,178 | $0 |
| May 20, 2026 | Eason Beth-Ann Director | Award | 19,178 | $0 |
| May 20, 2026 | Flores Kathryn Quadracci Director | Award | 19,178 | $0 |
| May 20, 2026 | Harned Christopher B Director | Award | 19,178 | $0 |
| May 20, 2026 | Huet Melanie Arlene Director | Award | 19,178 | $0 |
| May 1, 2026 | Flores Kathryn Quadracci Director | Disposition to issuer | 7,675 | $63.7K |
| May 1, 2026 | Eason Beth-Ann Director | Disposition to issuer | 30,738 | $254.5K |
| Mar 6, 2026 | Flores Kathryn Quadracci Director | Disposition to issuer | 10,655 | $70.9K |
| Mar 2, 2026 | Jaeger Steven D Chief Information Officer | Disposition to issuer | 8,205 | $56.1K |
| Mar 1, 2026 | Jaeger Steven D Chief Information Officer | Tax withheld | 10,423 | $72.0K |
| Mar 1, 2026 | BAUER ANNE M VP, Chief Accounting Officer | Tax withheld | 5,526 | $38.2K |
| Mar 1, 2026 | McKenna Donald M EVP, Chief Administrative Ofcr | Tax withheld | 20,122 | $139.0K |
| Mar 1, 2026 | Staniak Anthony CFO & Treasurer | Tax withheld | 21,463 | $148.3K |
| Mar 1, 2026 | Vanderboom Kelly A EVP Head of Agency Operations | Tax withheld | 25,407 | $175.6K |
| Mar 1, 2026 | Currie Julie A EVP and Chief Revenue Officer | Tax withheld | 13,101 | $90.5K |
| Mar 1, 2026 | Flores Kathryn Quadracci Director | Tax withheld | 7,232 | $50.0K |
| Mar 1, 2026 | Gruen Dana B. General Counsel & Corp Sec | Tax withheld | 10,508 | $72.6K |
| Mar 1, 2026 | Gruen Dana B. General Counsel & Corp Sec | Tax withheld | 8,694 | $60.1K |
| Mar 1, 2026 | Quadracci Robert H Chief Human Resources Officer | Tax withheld | 4,883 | $33.7K |
| Mar 1, 2026 | Quadracci Robert H Chief Human Resources Officer | Tax withheld | 2,862 | $19.8K |
| Mar 1, 2026 | Honan David J Pres & Chief Operating Officer | Tax withheld | 73,557 | $508.3K |
| Mar 1, 2026 | Honan David J Pres & Chief Operating Officer | Award | 38,820 | $0 |
| Mar 1, 2026 | Quadracci J Joel Chairman & CEO | Tax withheld | 176,536 | $1.22M |
| Feb 23, 2026 | Buth Douglas P Director | Disposition to issuer | 20,000 | $140.4K |
| Feb 20, 2026 | McKenna Donald M EVP, Chief Administrative Ofcr | Disposition to issuer | 7,927 | $55.7K |
| Feb 20, 2026 | Flores Kathryn Quadracci Director | Disposition to issuer | 11,633 | $78.4K |
| Feb 1, 2026 | McKenna Donald M EVP, Chief Administrative Ofcr | Award | 16,695 | $0 |
| Jan 1, 2026 | McKenna Donald M EVP, Chief Administrative Ofcr | Award | 42,590 | $0 |
| Jan 1, 2026 | Flores Kathryn Quadracci Director | Award | 11,244 | $0 |
| Jan 1, 2026 | Staniak Anthony CFO & Treasurer | Award | 114,992 | $0 |
| Jan 1, 2026 | Vanderboom Kelly A EVP Head of Agency Operations | Award | 76,661 | $0 |
| Jan 1, 2026 | Quadracci Robert H Chief Human Resources Officer | Award | 46,849 | $0 |
| Jan 1, 2026 | Jaeger Steven D Chief Information Officer | Award | 25,554 | $0 |
| Jan 1, 2026 | BAUER ANNE M VP, Chief Accounting Officer | Award | 11,500 | $0 |
| Jan 1, 2026 | Quadracci J Joel Chairman, Pres & CEO | Award | 425,895 | $0 |
| Jan 1, 2026 | Maleeny Timothy Vincent Client Strat Ofcr & Pres QAS | Award | 51,108 | $0 |
| Jan 1, 2026 | Gruen Dana B. General Counsel & Corp Sec | Award | 76,661 | $0 |
| Jan 1, 2026 | Honan David J Chief Operating Officer | Award | 149,064 | $0 |
| Jan 1, 2026 | Golden Joshua J Chief Marketing Officer | Award | 42,590 | $0 |
| Jan 1, 2026 | Currie Julie A EVP and Chief Revenue Officer | Award | 42,590 | $0 |
| Nov 20, 2025 | Golden Joshua J Chief Marketing Officer | Disposition to issuer | 18,390 | $97.8K |
| May 28, 2025 | Flores Kathryn Quadracci Director | Disposition to issuer | 38,496 | $224.4K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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