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Stock research / United States / DLX · Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work · NYSE

Deluxe Corp. (DLX)

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Deluxe Corp. (DLX) reported revenue of $499 million for Q2 FY2026, the quarter ended 30 June 2026, down 4.2% on the same quarter a year earlier. Net income was $19 million, down 14.7% on the year, and diluted earnings per share $0.41. The figures are the company's own, from the 10-Q it filed with the SEC on 6 August 2026.

Revenue$499 milliondown 4.2%
Net income$19 milliondown 14.7%
Diluted EPS$0.41
QuarterQ2 FY2026ended 30 June 2026

Deluxe (DLX) in brief

Deluxe (DLX) reported revenue of $2.1 billion for fiscal 2025, the year ended 31 December 2025, up 0.5% on the year before.
Read moreNet income was $82 million and diluted earnings per share $1.80. Revenue was $2.1 billion in fiscal 2024, $2.2 billion in fiscal 2023, $2.2 billion in fiscal 2022 and $2.0 billion in fiscal 2021. Net income in the same years was $53 million, $26 million, $65 million and $63 million. Over the twelve months to 30 June 2026, Deluxe reported revenue of $2.1 billion and net income of $101 million. Revenue grew 3.6% a year, compounded, over the five years to fiscal 2025. Deluxe declared $1.20 a share in dividends over the last four quarters and had 46 million shares outstanding at the latest filed count. At 30 June 2026 it carried $1.4 billion of debt and $35 million of cash. At the close of 9 October 2026 the market cap of Deluxe was $1.1 billion, 10.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE14.2%
ROCE12.2%
Operating margin11.9%
Net margin4.8%
FCF margin9.9%
Interest cover2.17
Debt to equity1.91
Cash conversion3.01
Share count, 1 year2.0%
Sales CAGR, 3 years-1.6%
Profit CAGR, 3 years7.9%
EPS, TTM$2.17

At the close of 9 October 2026

Price$23.16
Market cap$1.1 billion
Stock P/E10.68
Price to book1.50
EV / EBITDA6.05
Dividend yield5.2%
Market cap / sales0.50
52-week high$31.90
52-week low$17.92
Price, 1 year24.3%
Price CAGR, 3 years7.0%
Price CAGR, 5 years-8.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the total debt Deluxe Corp. states in its own filing, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
DLXgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on DLX

Filings20 in twelve months: 12 current reports (8-K), about 5 results of operations; 4 material agreement; 3 new financial obligation; 2 regulation FD disclosure; 2 officer or director change
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 0.76 by open interest at the 9 October 2026 close; the straddle prices a 11.9% move to 16 October 2026
13F holders4 of the followed funds hold it; largest Geode Capital Management; 3 Schedule 13D or 13G filings in twelve months
Insider trading0 sales and 1 purchase on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest3.9 million shares short, 8.25 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025 †Q2 FY2025 †Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue538537535538528521536521540535538499
Cost of revenue255254251249247248255242249256259240
Gross profit283284284289282272281279291279279260
Gross margin53%53%53%54%53%52%52%54%54%52%52%52%
SG&A234229234234228213225214212221209202
Operating income21.651.044.259.341.647.148.160.875.847.771.855.7
Operating margin4%9%8%11%8%9%9%12%14%9%13%11%
Interest expense32.031.730.830.229.932.431.330.930.529.327.728.0
Pre-tax income-9.219.416.430.913.515.719.331.747.220.946.630.1
Tax raten/a23%34%34%34%20%28%29%28%43%23%36%
Net income-8.015.010.820.58.912.614.022.433.712.035.819.1
Net margin-1%3%2%4%2%2%3%4%6%2%7%4%
Diluted EPS-$0.18$0.34$0.24$0.46$0.20$0.28$0.31$0.50$0.74$0.25$0.77$0.41
Operating cash flow67.683.526.639.667.960.250.351.167.110252.781.2
Capital expenditure24.919.920.428.221.224.526.023.323.322.725.422.6
Free cash flow42.763.66.111.446.735.624.327.843.979.327.358.6
Dividends paid13.313.214.013.513.413.314.513.513.613.615.313.9
Shares outstanding44m44m44m44m44m44m45m45m45m45m46m46m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Revenue1,6741,7731,8491,9661,9982,0091,7912,0222,2382,1922,1222,1332,113
Cost of revenue6066396677427928137318841,0321,0309951,0021,003
Gross profit1,0681,1341,1821,2231,2061,1961,0601,1381,2061,1631,1261,1311,109
Gross margin63.8%63.9%63.9%62.2%60.4%59.5%59.2%56.3%53.9%53.0%53.1%53.0%52.5%
Selling, general and administrative719775806829854892840941993956909873845
Operating income333354367329231-18840.7142169161192232251
Operating margin19.9%20.0%19.8%16.7%11.6%-9.4%2.3%7.0%7.6%7.3%9.1%10.9%11.9%
Interest expense36.520.322.321.427.134.723.155.694.5126123122115
Pre-tax income297328340313213-21626.893.884.439.876.5119145
Income tax97.410911182.763.08.021.531.018.813.623.636.944.1
Effective tax rate32.8%33.3%32.6%26.4%29.6%n/a80.1%33.1%22.3%34.2%30.9%31.0%30.5%
Net income200219229230150-2245.262.665.426.152.882.1101
Net margin11.9%12.3%12.4%11.7%7.5%-11.1%0.3%3.1%2.9%1.2%2.5%3.8%4.8%
Diluted EPS$3.96$4.36$4.65$4.72$3.16-$5.20$0.11$1.45$1.50$0.59$1.18$1.80$2.17
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Checks72170369032.3%
Merchant services solutions36438439918.7%
Data-driven marketing19321528813.5%
Forms and other business products26424022510.5%
Treasury management solutions24022622510.5%
Promotional solutions27826222210.4%
Other payment solutions58.962.365.83.1%
Other web-based solutions19.119.419.20.9%
Other54.310.8n/a0.0%
ChecksMerchant services solutionsData-driven marketingForms and other business productsTreasury management solutionsPromotional solutionsOther payment solutionsOther
2,192FY20232,122FY20242,133FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Operating cash flow285310319338339287218211192198194271303
Capital expenditure41.143.346.647.562.266.6n/an/an/a10194.395.394.0
Free cash flow244266273291277220n/an/an/a97.7100.0175209
Free cash flow margin14.6%15.0%14.7%14.8%13.9%11.0%n/an/an/a4.5%4.7%8.2%9.9%
Cash from investingn/an/an/a-181-253-72.4-56.1-1,067-80.3-43.3-69.8-132-88.6
Cash from financingn/an/an/a-183-62.2-190-111913-48.6-37.7-267-137-201
Depreciation and amortisation65.876.791.6123131126111149173170166138142
Share-based compensation9.811.912.515.113.419.721.829.523.720.519.924.926.5
Buybacks60.160.055.265.020011914.00.00.0n/an/an/an/a
Dividends paid57.659.858.758.156.751.750.751.752.653.354.255.256.3
Dividend per share$1.15$1.20$1.20$1.20$1.20$1.20$1.20$1.20$1.20$1.20$1.20$1.20n/a
Diluted shares, weighted50m50m49m48m47m43m42m43m43m44m45m46m46m
Shares outstanding at period end50m49m49m48m45m42m42m43m43m44m44m45m46m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016 †FY2017 †FY2018 †FY2019 †FY2020 †FY2021FY2022FY2023 †FY2024 †FY2025TTM
Funded by
Shareholders' equity6477458811,015915571513575604605621681708
Non-controlling interestn/an/an/an/an/a0.0n/an/an/an/an/an/an/a
Short-term borrowings1600.0n/an/an/an/an/an/an/an/an/an/an/a
Debt3936287237079108848401,6831,6441,5931,5031,4291,352
Operating lease liabilitiesn/an/an/an/a0.033.628.356.448.958.849.039.836.0
Finance lease liabilitiesn/an/an/an/an/an/a0.127.427.326.125.525.875.4
Other liabilities483471581486480455460733752798633688391
Total liabilities and equity1,6841,8442,1842,2092,3051,9431,8423,0743,0773,0812,8312,8642,562
Owned
Fixed assets87.685.786.984.690.396.588.7126125117112101141
Goodwill8689761,1061,1311,1617747031,4301,4311,4311,4231,4231,423
Intangible assets207285410384360276247511459392331348328
Investments46.541.742.242.643.845.045.947.247.861.961.026.47.8
Trading assets2.42.11.9n/an/an/an/an/an/an/an/an/an/a
Cash and equivalents61.562.476.659.259.773.612341.240.472.034.436.934.9
Receivables114124153150174163162198207191174188169
Inventory39.442.040.242.246.439.940.134.952.342.136.433.535.5
Other assets257225268315370474433686714775660707423
Total assets1,6841,8442,1842,2092,3051,9431,8423,0743,0773,0812,8312,8642,562
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded1.9%3.6%-1.6%0.3%
Profit growth, compounded-9.3%73.4%7.9%73.6%
Return on equity, average7.3%9.3%8.3%12.1%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Deluxe's revenue in fiscal 2025?

Deluxe (DLX) reported revenue of $2.1 billion for fiscal 2025, the year ended 31 December 2025, up 0.5% on the year before.

How much did Deluxe earn in fiscal 2025?

Net income was $82 million for fiscal 2025, and diluted earnings per share $1.80.

What is Deluxe's P/E ratio?

At the close of 9 October 2026, Deluxe traded at 10.7 times its earnings over the twelve months to 30 June 2026.

What is Deluxe's market cap?

The market cap of Deluxe was $1.1 billion at the close of 9 October 2026.

Does Deluxe pay a dividend?

Yes. Deluxe declared $1.20 a share in dividends over the four quarters to 30 June 2026.

Peers: Printing and Publishing

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Thomson Reuters Corporation TRI *$45.9 billion31.0012.6%28.5%3.0%0.18n/a
News Corp. NWS$17.9 billion31.106.7%n/a6.8%0.230.6%
News Corp. NWSA$16.3 billion28.276.7%n/a6.8%0.230.7%
NEW York Times Co. NYT$10.8 billion27.6319.2%16.0%10.8%0.001.1%
John Wiley & Sons, Inc. WLY$2.5 billion13.1324.9%14.9%-0.3%1.62n/a
Deluxe Corp. DLX$1.1 billion10.6814.2%11.9%0.3%1.915.2%
Scholastic Corp. SCHL$680 million27.608.6%1.0%-2.5%0.282.1%
No other company here shares its SEC industry code (Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work); these are the names nearest in size in its wider industry, Printing and Publishing, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20266 August 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202513 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 20257 August 2025EDGAR
10-Q31 March 20252 May 2025EDGAR
10-K31 December 202421 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 20242 August 2024EDGAR
10-Q31 March 20243 May 2024EDGAR

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