Quad/Graphics, Inc. QUAD Revenue Breakdown

NYSE QUAD
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As of: Oct 22, 2026 · 3:59 PM EDT
Annual revenue breakdowns for Quad, fiscal 2016 to 2025, as reported in its filings.
Annual history

Quad Revenue by Product & Service

Years FY 2016–2025
Lines 5
FY 2025 Total $2.42B

Catalog, Publications, Retail Inserts, Books & Directories was Quad’s largest product and service line in fiscal 2025, bringing in $1.26B of $2.42B (52%).

Quad revenue by product and service, fiscal 2016 to 2025
Product and Service FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Catalog, Publications, Retail Inserts, Books & Directories $1.76B $1.65B $1.48B $1.26B
Direct Mail & Other Printed Products $758.80M $673.40M $609.50M $624.60M
Logistics Services $329.70M $270.50M $264.10M $226.20M
Imaging, Marketing Services & Other Services $359.00M $353.10M $308.90M $302.40M
Other $10.70M $8.50M $10.40M $9.10M
Total $3.22B $2.96B $2.67B $2.42B

Quad revenue by product and service: what the figures show

Quad brought in $2.42B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 9.4% from $2.67B in fiscal 2024. Catalog, Publications, Retail Inserts, Books & Directories was the largest at $1.26B (52.0%), ahead of Direct Mail & Other Printed Products at $624.60M (25.8%) and Imaging, Marketing Services & Other Services at $302.40M (12.5%). The other two lines brought in $235.30M combined.

Compared with fiscal 2024, Direct Mail & Other Printed Products grew fastest, up 2.5% to $624.60M, while Catalog, Publications, Retail Inserts, Books & Directories fell the most, down 15.0% to $1.26B. From fiscal 2022 to 2025, combined revenue from these lines fell from $3.22B to $2.42B, a compound annual decline of 9.1%. Catalog, Publications, Retail Inserts, Books & Directories' share of the total fell from 54.7% to 52.0%.

Annual history

Quad Revenue by Geography

Years FY 2017–2025
Lines 4
FY 2025 Total $2.42B

United States was Quad’s largest region in fiscal 2025, bringing in $2.17B of $2.42B (90%).

Quad revenue by geography, fiscal 2017 to 2025
Geography FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
United States $2.75B $2.51B $2.28B $2.17B
Latin America $259.60M $263.60M $227.10M $220.90M
Europe $201.90M $179.20M $152.90M $22.50M
Other $10.50M $8.00M $8.00M $8.50M
Total $3.22B $2.96B $2.67B $2.42B

Quad revenue by geography: what the figures show

Quad brought in $2.42B from its four regions in fiscal 2025, the year ended December 31, 2025. That was down 9.4% from $2.67B in fiscal 2024. United States was the largest at $2.17B (89.6%), ahead of Latin America at $220.90M (9.1%) and Europe at $22.50M (0.9%). The remaining region, Other, brought in $8.50M.

Compared with fiscal 2024, Latin America fell 2.7% to $220.90M and United States fell 5.1% to $2.17B. From fiscal 2022 to 2025, combined revenue from these regions fell from $3.22B to $2.42B, a compound annual decline of 9.1%. United States' share of the total rose from 85.3% to 89.6%.

Annual history

Quad Revenue by Segment

Years FY 2016–2025
Lines 2
FY 2025 Total $2.42B

United States Print & Related Services was Quad’s largest segment in fiscal 2025, bringing in $2.21B of $2.42B (92%).

Quad revenue by segment, fiscal 2016 to 2025
Segment FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
United States Print & Related Services $2.79B $2.55B $2.33B $2.21B
International $422.30M $403.40M $342.70M $205.50M
Total $3.22B $2.96B $2.67B $2.42B

Quad revenue by segment: what the figures show

Quad brought in $2.42B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 9.4% from $2.67B in fiscal 2024. United States Print & Related Services was the largest at $2.21B (91.5%), ahead of International at $205.50M (8.5%).

Compared with fiscal 2024, United States Print & Related Services fell 4.9% to $2.21B and International fell 40.0% to $205.50M. From fiscal 2022 to 2025, combined revenue from these segments fell from $3.22B to $2.42B, a compound annual decline of 9.1%. United States Print & Related Services' share of the total rose from 86.9% to 91.5%.

Questions

Quad Revenue Breakdown FAQ

How does Quad make money?

Quad (QUAD) reports its revenue by product and service, by geography and by segment. In fiscal 2025, Catalog, Publications, Retail Inserts, Books & Directories was its largest product and service line, bringing in $1.26B (52.0% of the total), followed by Direct Mail & Other Printed Products at $624.60M (25.8%).

What is Quad's largest product and service line?

Catalog, Publications, Retail Inserts, Books & Directories was Quad's largest product and service line in fiscal 2025, bringing in $1.26B, or 52.0% of the $2.42B total across its five product and service lines.

What is Quad's largest region?

United States was Quad's largest region in fiscal 2025, bringing in $2.17B, or 89.6% of the $2.42B total across its four regions.

What is Quad's largest segment?

United States Print & Related Services was Quad's largest segment in fiscal 2025, bringing in $2.21B, or 91.5% of the $2.42B total across its two segments.

Which Quad product and service line is growing the fastest?

Among Quad's product and service lines that make up at least 2% of revenue, Direct Mail & Other Printed Products grew fastest in fiscal 2025, up 2.5% from $609.50M to $624.60M.

Where does this revenue breakdown data come from?

Every figure comes from Quad's annual financial filings, as reported. Each line keeps the name Quad gives it, and years follow its fiscal calendar.

How far back does Quad's revenue breakdown go?

Quad's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.