Filing Flows › USA Today (TDAY) › Q2 2026 › vs Q2 2025
USA Today (TDAY) Q2 2026 vs Q2 2025 (year over year)
USA Today's revenue fell $48.5M (-8%) from $585M in Q2 2025 to $536M in Q2 2026. The biggest changes: Print and commercial −$29.6M (-9%); Digital −$18.9M (-7%). Operating margin 2.7% against -1.6% (+4.2 pts).
USA Today, Q2 2026: revenue $536M (-8% year over year), operating margin 2.7%, net earnings $9.1M, operating cash flow $35.4M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 2.7% | -1.6% | +4.2 pts |
| Net margin | 1.7% | 13.4% | -11.7 pts |
| Free cash flow margin | 3.6% | 3.0% | +0.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Print circulation | $125M | $144M | −$19.0M | -13% |
| Print advertising | $111M | $125M | −$13.5M | -11% |
| Digital marketing services | $109M | $118M | −$9.3M | -8% |
| Digital advertising | $79.8M | $87.9M | −$8.1M | -9% |
| Digital-only subscription | $45.6M | $42.7M | $2.9M | +7% |
| Commercial and other | $45.5M | $50.4M | −$4.9M | -10% |
| Digital other | $20.4M | $17.0M | $3.4M | +20% |
| Print and commercial | $282M | $312M | −$29.6M | -9% |
| Digital | $254M | $273M | −$18.9M | -7% |
| Revenue | $536M | $585M | −$48.5M | -8% |
| Operating profit | $14.5M | −$9.1M | $23.5M | — |
| Costs & expenses | $522M | $594M | −$72.1M | -12% |
| Pre-tax earnings | $14.5M | −$9.1M | $23.5M | — |
| Cost of revenue | $328M | $359M | −$31.4M | -9% |
| SG&A | $154M | $164M | −$9.7M | -6% |
| Other operating costs | $39.4M | $70.4M | −$31.0M | -44% |
| Net earnings | $9.1M | $78.4M | −$69.3M | -88% |
| Income tax | $5.3M | −$87.5M | $92.8M | — |
| Depreciation & amortization | $31.2M | $42.6M | −$11.4M | -27% |
| Share-based compensation | $2.5M | $2.1M | $420K | +20% |
| Working capital & other | $7.5M | $90.6M | −$83.1M | -92% |
| Operating cash flow | $35.4M | $32.6M | $2.8M | +9% |
| Free cash flow (company-reported) | $19.6M | $17.6M | $2.0M | +11% |
| Capital expenditures | $15.8M | $15.0M | $823K | +6% |
Questions
How much did USA Today's revenue grow year over year in Q2 2026?
USA Today's revenue fell $48.5M (-8%) from $585M in Q2 2025 to $536M in Q2 2026.
What drove USA Today's revenue change in Q2 2026?
Print and commercial −$29.6M (-9%); Digital −$18.9M (-7%).