USA TODAY Co., Inc. (TDAY) Income Statement
TDAY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsTDAY revenue and net income
Where TDAY's revenue goes
2025Each bar shows an amount and its share of revenue. TDAY kept 0.1% of revenue as net income.
TDAY profit margins
TDAY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −8.3% | −7.9% | −7.5% | +6.8% |
| Gross profit | −24.7% | −12.5% | −12.0% | +3.0% |
| Operating income | — | — | — | −1.8% |
| Net income | — | — | — | −30.6% |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
TDAY quarterly EPS vs estimates
USA TODAY beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026.
TDAY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.30B | $2.51B | $2.66B | $2.95B | $3.21B | $3.41B | $1.87B | $1.53B | $1.34B | $1.26B |
| Cost of revenue | $1.58B | $1.55B | $1.69B | $1.86B | $1.90B | $2.03B | $1.19B | $865.2M | $742.8M | $699.3M |
| Gross profit | $725.7M | $963.7M | $971.5M | $1.08B | $1.31B | $1.37B | $676.4M | $660.8M | $599.2M | $556.0M |
| Sales, general & admin | $639.7M | $726.0M | $651.8M | $852.5M | $902.1M | — | — | $503.8M | $235.7M | $415.8M |
| Total operating expenses | $639.7M | $1.01B | $885.2M | $1.12B | $1.20B | $1.82B | $606.9M | $590.1M | $522.7M | $482.8M |
| Operating income | $85.9M | −$42.8M | $86.3M | −$33.6M | $109.1M | −$447.9M | $69.5M | $58.1M | $34.6M | $61.4M |
| Interest expense | $99.1M | $104.7M | $111.8M | $108.4M | $135.7M | $228.5M | $63.7M | $36.1M | $30.5M | $29.6M |
| Income before taxes | −$1.3M | −$77.7M | −$6.2M | −$76.9M | −$87.9M | −$705.8M | −$207.2M | $20.0M | −$434,000 | $29.3M |
| Income taxes | −$3.0M | −$51.3M | $21.7M | $1.3M | $48.2M | −$33.5M | −$86.0M | $1.9M | $481,000 | −$2.3M |
| Net income | $1.7M | −$26.4M | −$27.8M | −$78.0M | −$135.0M | −$670.5M | −$119.8M | $18.2M | −$915,000 | $31.6M |
| EBITDA | $263.6M | $183.3M | $261.5M | $213.5M | $251.8M | −$213.5M | −$31.6M | $140.9M | $104.4M | $126.7M |
| EPS (diluted) | −$0.05 | −$0.18 | −$0.23 | $0.30 | −$0.38 | −$3.21 | −$1.46 | $0.40 | $0.49 | $0.86 |
| Gross margin | 31.5% | 38.4% | 36.5% | 36.8% | 40.7% | 40.3% | 36.2% | 43.3% | 44.6% | 44.3% |
| Operating margin | 3.7% | −1.7% | 3.2% | −1.1% | 3.4% | −13.2% | 3.7% | 3.8% | 2.6% | 4.9% |
| Net margin | 0.1% | −1.1% | −1.0% | −2.6% | −4.2% | −19.7% | −6.4% | 1.2% | −0.1% | 2.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $536.3M | $548.5M | $585.0M | $560.8M | $584.9M | $571.6M | $621.3M | $612.4M | $639.8M | $635.8M | $669.4M | $652.9M |
| Cost of revenue | $328.1M | $358.5M | $379.7M | $395.5M | $359.4M | $399.3M | $375.8M | $396.1M | $391.5M | $402.4M | $419.6M | $416.1M |
| Gross profit | $208.2M | $189.9M | $205.3M | $165.3M | $225.4M | $172.3M | $245.5M | $216.3M | $248.4M | $233.4M | $249.8M | $236.8M |
| Sales, general & admin | $154.4M | $150.8M | $154.4M | $153.7M | $164.2M | $171.6M | $178.7M | $183.9M | — | — | $167.2M | — |
| Total operating expenses | $188.2M | $150.8M | $154.4M | $153.7M | $206.9M | $171.8M | $239.4M | $222.4M | $241.4M | $283.2M | $231.9M | $201.8M |
| Operating income | $20.0M | $39.2M | $50.9M | $11.5M | $18.5M | $490,000 | $6.1M | −$6.0M | $7.0M | −$49.9M | $17.9M | $34.9M |
| Interest expense | $20.9M | $21.2M | $22.9M | $24.7M | $24.4M | $26.1M | $25.9M | $26.0M | $26.3M | $26.6M | $27.0M | $27.9M |
| Income before taxes | $14.5M | $30.7M | $43.6M | −$21.6M | −$9.1M | −$14.1M | $36.2M | −$26.1M | −$13.1M | −$74.7M | −$1.3M | $13.6M |
| Income taxes | $5.3M | $10.8M | $73.6M | $17.6M | −$87.5M | −$6.8M | −$28.1M | −$6.4M | −$26.8M | $10.1M | $21.6M | $16.1M |
| Net income | $9.1M | $19.9M | −$30.1M | −$39.2M | $78.4M | −$7.3M | $64.3M | −$19.7M | $13.7M | −$84.8M | −$22.9M | −$2.6M |
| EBITDA | $66.6M | $83.1M | $103.8M | $46.3M | $58.0M | $54.6M | $101.4M | $40.3M | $51.4M | −$9.8M | $64.2M | $82.1M |
| EPS (diluted) | $0.07 | $0.10 | −$0.21 | −$0.21 | $0.42 | −$0.05 | $0.11 | −$0.04 | $0.19 | −$0.26 | −$0.16 | −$0.02 |
| Gross margin | 38.8% | 34.6% | 35.1% | 29.5% | 38.5% | 30.1% | 39.5% | 35.3% | 38.8% | 36.7% | 37.3% | 36.3% |
| Operating margin | 3.7% | 7.1% | 8.7% | 2.1% | 3.2% | 0.1% | 1.0% | −1.0% | 1.1% | −7.8% | 2.7% | 5.4% |
| Net margin | 1.7% | 3.6% | −5.1% | −7.0% | 13.4% | −1.3% | 10.4% | −3.2% | 2.1% | −13.3% | −3.4% | −0.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in TDAY's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
TDAY financial results
In fiscal year 2025 (ended December 31, 2025), USA TODAY reported revenue of $2.3 billion, down 8.3% from the year before. It had net income of $1.7 million, a net profit margin of 0.1%. Diluted earnings per share came to −$0.05. Over five years revenue grew at an average rate of −7.5% a year.
See the TDAY stock overview for the latest quote and news, or the TDAY chart for price history and technical indicators.
TDAY income statement FAQ
What is USA TODAY's annual revenue?
USA TODAY reported total revenue of $2.3 billion for fiscal year 2025, which ended on December 31, 2025. That was down 8.3% from $2.5 billion the previous year.
Is USA TODAY profitable?
Yes. USA TODAY reported net income of $1.7 million in fiscal 2025, a net profit margin of 0.1%; its operating margin was 3.7%.
What is USA TODAY's gross margin?
USA TODAY's gross margin was 31.5% in fiscal 2025: for every $100 of revenue, USA TODAY kept $32 after the direct cost of its products and services.
How fast is USA TODAY growing?
Revenue grew −7.5% a year on average over the last five fiscal years, from $3.4 billion to $2.3 billion.
What are USA TODAY's earnings per share?
USA TODAY earned $-0.05 per diluted share in fiscal 2025, compared with $-0.18 a year earlier.
When will USA TODAY report its next earnings?
USA TODAY is expected to report results for the quarter ending September 30, 2026 on October 29, 2026.
When does USA TODAY's fiscal year end?
USA TODAY's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.