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USA Today (TDAY) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · USA Today (TDAY) Q3 2026 earnings results →

Q3 2026 Revenue down 7% year over year to $519M · 1¢ of every $1 of revenue lost · operating margin -1.1%

USA Today made $519M in Q3 2026 (-7% Y/Y): Print and commercial $270M, Digital $249M. Operating margin -1.1%, net loss $4.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$519M
Year over year-7%
Operating margin-1.1%
Net earnings−$4.6M
Operating cash flow$16.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $519.2M in Q3 2026, down 7% year over year and down 3% from the previous quarter. Print circulation was the largest line at 23% of revenue. Print circulation lost $18.1M year over year (down 13%), 44% of the total change.

Operating costs exceeded revenue by $5.8M, an operating margin of -1.1%. Total costs fell 10% while revenue fell 7%. The quarter ended with a net loss of $4.6M, after a profit of $9.1M the previous quarter.

Operating cash flow was $16.7M (up 10% year over year). Non-cash charges added back $31.5M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $12.8M. After capital expenditures, net ($12.3M), free cash flow as the company reports it was $4.3M.

Quarterly history

USA Today revenue by quarterUSA Today revenue by quarter$572MQ1 2025$585MQ2 2025$561MQ3 2025$585MQ4 2025$548MQ1 2026$536MQ2 2026$519MQ3 2026
USA Today net earnings by quarterUSA Today net earnings by quarter−$7.3MQ1 2025$78.4MQ2 2025−$39.2MQ3 2025−$30.1MQ4 2025$19.9MQ1 2026$9.1MQ2 2026−$4.6MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$519M-7%-1.1%−$4.6M$16.7M
Q2 202610-QAug 6, 2026$536M-8%2.7%$9.1M$35.4M
Q1 202610-QApr 30, 2026$548M-4%5.6%$19.9M$19.3M
Q4 202510-KFeb 26, 2026$585M-6%7.4%−$30.1M$43.4M
Q3 202510-QOct 30, 2025$561M-8%-3.9%−$39.2M$15.2M
Q2 202510-QJul 31, 2025$585M-9%-1.6%$78.4M$32.6M
Q1 202510-QMay 1, 2025$572M-10%1.7%−$7.3M$23.3M

Charts

USA Today: revenue growth, year over year and quarter over quarterUSA Today: revenue growth, year over year and quarter over quarterY/YQ/Q-10%Q1 2025-9%+2%Q2 2025-8%-4%Q3 2025-6%+4%Q4 2025-4%-6%Q1 2026-8%-2%Q2 2026-7%-3%Q3 2026
Latest (Q3 2026): Y/Y -7%, Q/Q -3%.
USA Today: where the cash came from (+) and went (−), TTM to Q3 2026USA Today: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$115MCapital spending−$53.8MNet borrowing (+) / repaid (−)−$43.9MOther financing−$35.8MOther investing$13.4MCash drawn (+) / kept (−)$6.8MExchange rates−$1.4M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
USA Today: profit against cash, quarter by quarterUSA Today: profit against cash, quarter by quarterNet incomeOperating cash flow$64.3M$9.0MQ4 2024−$7.3M$23.3MQ1 2025$78.4M$32.6MQ2 2025−$39.2M$15.2MQ3 2025−$30.1M$43.4MQ4 2025$19.9M$19.3MQ1 2026$9.1M$35.4MQ2 2026−$4.6M$16.7MQ3 2026
Latest (Q3 2026): Net income −$4.6M, Operating cash flow $16.7M.
USA Today: diluted shares by fiscal yearUSA Today: diluted shares by fiscal year132MFY2020135MFY2021137MFY2022140MFY2023143MFY2024146MFY2025
+10.8% since FY2020: more shares outstanding (issuance, stock pay).
USA Today in its industry: growth against margin (5 companies, SIC 2711)USA Today in its industry: growth against margin (5 companies, SIC 2711)revenue growth, year over year →↑ operating marginmedian +6%median 13%NWSANYTLEEDJCOTDAY (-7%, -1%)
Newspapers: Publishing or Publishing & Printing; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About USA Today

(the "U.S."), and Newsquest, a wholly-owned subsidiary operating in the United Kingdom (the " U.K. "), we provide essential journalism, local content, and digital experiences to audiences and businesses. We deliver trusted unbiased journalism when and

In its own words, from its 10-K, filed Feb 26, 2026.

USA Today against its Newspapers: Publishing or Publishing & Printing peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -7% against the peers' median +6%. Operating margin: -1.1% against the peers' median 13.0%.

CompanyQuarterRevenueY/YOp. margin
TDAY USA TodayQ3 2026$519M-7%-1.1%
NWSA NewsQ1 FY27$2.3B+6%13.0%
NYT New York TimesQ3 2026$769M+10%15.9%
LEE LEE EnterprisesQ3 FY26$126M-11%6.9%
DJCO Daily JournalQ3 FY26$27.0M+15%19.5%

Source: USA Today 10-Q on SEC EDGAR · CIK 1579684 · Newspapers: Publishing or Publishing & Printing

Guidance and outlook

USA Today: what its forward-looking statements are about (10-Q filed 2026-11-05)USA Today: what its forward-looking statements are about (10-Q filed 2026-11-05)Other3The economy2Costs2Buybacks & dividends2Margins1Tax1Financing1Demand1Capital spending1
14 statements; tone -0.07 (−1 all cautious, +1 all confident); 3 hedged.
USA Today: outlook statements against the filing beforeUSA Today: outlook statements against the filing beforeConfident2Cautious3

13F: who owns TDAY and who is buying

Largest holders of TDAY (13F)Largest holders of TDAY (13F)Apollo Management Holdings, L.P.$104MAlta Fundamental Advisers LLC$91.9MTwo Seas Capital LP$91.2MBlackRock$89.9MCooperman Leon G$53.6MVanguard Capital Management LLC$51.7MVanguard Group$44.1MGoldman Sachs Group$42.7MD. E. Shaw$38.3MPhilosophy Capital Management LLC$36.8M
Funds' net buying of TDAY by quarter (13F)Funds' net buying of TDAY by quarter (13F)$24.8M2024-09$18.7M2024-12$5.4M2025-03$22.3M2025-06−$1.4M2025-09$76.6M2025-12$4.2M2026-03$2.5M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on TDAY

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版:USA Today(TDAY)财报

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