Quad/Graphics annual operating margin
2009
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2024
2025
Quad/Graphics Operating Margin Growth & History (QUAD)
Quad/Graphics's operating margin was 4.01% for fiscal 2025.
View full Quad/Graphics company overviewQuad/Graphics annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 4.01% | +3.29 pp |
| 2024 | 2024-12-31 | 0.72% | −0.15 pp |
| 2023 | 2023-12-31 | 0.87% | −0.79 pp |
| 2022 | 2022-12-31 | 1.66% | −1.47 pp |
| 2021 | 2021-12-31 | 3.13% | +4.70 pp |
| 2020 | 2020-12-31 | −1.57% | −2.45 pp |
| 2019 | 2019-12-31 | 0.88% | −1.31 pp |
| 2018 | 2018-12-31 | 2.19% | −2.18 pp |
| 2017 | 2017-12-31 | 4.37% | +1.66 pp |
| 2016 | 2016-12-31 | 2.71% | +20.76 pp |
| 2015 | 2015-12-31 | −18.05% | −21.01 pp |
| 2014 | 2014-12-31 | 2.96% | −0.01 pp |
| 2013 | 2013-12-31 | 2.97% | +0.36 pp |
| 2012 | 2012-12-31 | 2.60% | −1.03 pp |
| 2011 | 2011-12-31 | 3.63% | +1.69 pp |
| 2010 | 2010-12-31 | 1.93% | −4.35 pp |
| 2009 | 2009-12-31 | 6.28% | — |
Quad/Graphics quarterly operating margin
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Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-03-31 | 3.05% | −0.07 pp |
| Q4 2025 | 2025-12-31 | 5.92% | +3.13 pp |
| Q3 2025 | 2025-09-30 | 4.49% | +5.22 pp |
| Q2 2025 | 2025-06-30 | 2.40% | +0.01 pp |
| Q1 2025 | 2025-03-31 | 3.11% | +4.75 pp |
| Q4 2024 | 2024-12-31 | 2.78% | +2.34 pp |
| Q3 2024 | 2024-09-30 | −0.73% | −2.68 pp |
| Q2 2024 | 2024-06-30 | 2.38% | +1.19 pp |
| Q1 2024 | 2024-03-31 | −1.63% | −1.65 pp |
| Q4 2023 | 2023-12-31 | 0.44% | −0.54 pp |
| Q3 2023 | 2023-09-30 | 1.96% | −1.08 pp |
| Q2 2023 | 2023-06-30 | 1.19% | −0.68 pp |
| Q1 2023 | 2023-03-31 | 0.01% | −0.71 pp |
| Q4 2022 | 2022-12-31 | 0.98% | +1.47 pp |
| Q3 2022 | 2022-09-30 | 3.04% | −0.93 pp |
| Q2 2022 | 2022-06-30 | 1.87% | −5.04 pp |
| Q1 2022 | 2022-03-31 | 0.73% | −2.25 pp |
| Q4 2021 | 2021-12-31 | −0.49% | +5.97 pp |
| Q3 2021 | 2021-09-30 | 3.97% | +3.04 pp |
| Q2 2021 | 2021-06-30 | 6.92% | +7.40 pp |
| Q1 2021 | 2021-03-31 | 2.98% | +2.37 pp |
| Q4 2020 | 2020-12-31 | −6.46% | −9.17 pp |
| Q3 2020 | 2020-09-30 | 0.93% | +4.04 pp |
| Q2 2020 | 2020-06-30 | −0.48% | −2.45 pp |
| Q1 2020 | 2020-03-31 | 0.61% | −1.10 pp |
| Q4 2019 | 2019-12-31 | 2.71% | +1.52 pp |
| Q3 2019 | 2019-09-30 | −3.12% | −7.94 pp |
| Q2 2019 | 2019-06-30 | 1.97% | −0.09 pp |
| Q1 2019 | 2019-03-31 | 1.71% | +0.97 pp |
| Q4 2018 | 2018-12-31 | 1.19% | −3.37 pp |
| Q3 2018 | 2018-09-30 | 4.83% | +0.17 pp |
| Q2 2018 | 2018-06-30 | 2.06% | −1.07 pp |
| Q1 2018 | 2018-03-31 | 0.73% | −4.37 pp |
| Q4 2017 | 2017-12-31 | 4.56% | −0.21 pp |
| Q3 2017 | 2017-09-30 | 4.65% | +1.46 pp |
| Q2 2017 | 2017-06-30 | 3.13% | +1.84 pp |
| Q1 2017 | 2017-03-31 | 5.11% | +3.86 pp |
| Q4 2016 | 2016-12-31 | 4.77% | +6.32 pp |
| Q3 2016 | 2016-09-30 | 3.20% | +71.20 pp |
| Q2 2016 | 2016-06-30 | 1.29% | +3.72 pp |
| Q1 2016 | 2016-03-31 | 1.25% | +2.33 pp |
| Q4 2015 | 2015-12-31 | −1.55% | −7.23 pp |
| Q3 2015 | 2015-09-30 | −68.00% | −72.33 pp |
| Q2 2015 | 2015-06-30 | −2.43% | −2.48 pp |
| Q1 2015 | 2015-03-31 | −1.08% | −2.08 pp |
| Q4 2014 | 2014-12-31 | 5.69% | −2.01 pp |
| Q3 2014 | 2014-09-30 | 4.34% | +0.65 pp |
| Q2 2014 | 2014-06-30 | 0.05% | +0.51 pp |
| Q1 2014 | 2014-03-31 | 1.00% | +1.08 pp |
| Q4 2013 | 2013-12-31 | 7.70% | +2.82 pp |
| Q3 2013 | 2013-09-30 | 3.68% | −2.00 pp |
| Q2 2013 | 2013-06-30 | −0.47% | +0.56 pp |
| Q1 2013 | 2013-03-31 | −0.08% | −0.27 pp |
| Q4 2012 | 2012-12-31 | 4.87% | −0.48 pp |
| Q3 2012 | 2012-09-30 | 5.68% | +0.63 pp |
| Q2 2012 | 2012-06-30 | −1.03% | −2.14 pp |
| Q1 2012 | 2012-03-31 | 0.19% | −2.23 pp |
| Q4 2011 | 2011-12-31 | 5.36% | +5.57 pp |
| Q3 2011 | 2011-09-30 | 5.06% | +11.07 pp |
| Q2 2011 | 2011-06-30 | 1.12% | — |
| Q1 2011 | 2011-03-31 | 2.43% | — |
| Q3 2010 | 2010-09-30 | −0.21% | — |
| Q2 2010 | 2010-06-30 | −6.01% | — |
Quad/Graphics operating margin trends
Over the last five reported fiscal years, Quad/Graphics's operating margin increased from −1.57% to 4.01%, a change of +5.58 percentage points. The latest reported quarter, Q1 2026, shows 3.05%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Quad/Graphics filings at SEC.gov ↗