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Acco Brands (ACCO) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 1, 2025

Acco Brands (ACCO) reported revenue of $395M for the second quarter 2025 (Q2 2025), -10% from a year earlier and +24% from the quarter before. Operating margin was 8.4%, net earnings $29.2M (7.4% of revenue).

Revenue$395M
Year over year-10%
Quarter over quarter+24%
Operating margin8.4%
Net earnings$29.2M

Acco Brands, Q2 2025: revenue $395M (-10% year over year), operating margin 8.4%, net earnings $29.2M, operating cash flow −$38.9M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$395M+24%-10%
Gross profit$130M+30%-15%
Operating profit$33.0M——
Net earnings$29.2M——
Operating cash flow−$38.9M-807%—

What changed

Revenue was $394.8M in Q2 2025, down 10% year over year and up 24% from the previous quarter. Acco Brands Americas was the largest line at 63% of revenue. Acco Brands Americas lost $43.8M year over year (down 15%), 101% of the total change.

Gross margin was 32.9%, down 2.0 points from a year earlier. Operating profit was $33.0M, a 8.4% margin (up 33.7 points year over year). Operating expenses fell 63% while revenue fell 10%. Net earnings were $29.2M. The effective tax rate was -28.6%.

Operating cash flow was −$38.9M. Non-cash charges added back $18.2M of depreciation and amortization and $500K of share-based compensation. Working capital and other items used $86.8M.

Questions

What was Acco Brands' revenue in the second quarter 2025?

Acco Brands (ACCO) reported revenue of $395M for the second quarter 2025 (Q2 2025), -10% from a year earlier and +24% from the quarter before.

Was Acco Brands profitable in the second quarter 2025?

Operating profit was $33.0M (8.4% of revenue) and net earnings $29.2M.

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Source: Acco Brands 10-Q on SEC EDGAR.