Deluxe (DLX) FY2024 results: revenue $2.1 billion, down 3.2% on the year
Deluxe Corp. (DLX) reported revenue of $2.1 billion for fiscal 2024, the year ended 31 December 2024, down 3.2% on the year before. Net income was $53 million, up 102.2%, and diluted earnings per share $1.18. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$2.1 billion
-3.2% on the year
FY2017FY2024
Operating margin
9.1%
7.3% a year earlier
FY2017FY2024
Net income
$53 million
+102.2% on the year
FY2017FY2024
Diluted EPS
$1.18
+100.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
194
198
192
-2.1%
Capital expenditure
94.3
101
n/a
-6.4%
Free cash flow
100.0
97.7
n/a
+2.4%
Free cash flow margin
4.7%
4.5%
n/a
Cash from investing
-69.8
-43.3
-80.3
Cash from financing
-267
-37.7
-48.6
Depreciation and amortisation
166
170
173
-2.5%
Share-based compensation
19.9
20.5
23.7
-3.0%
Buybacks
n/a
n/a
0.0
Dividends paid
54.2
53.3
52.6
+1.6%
Dividend per share
$1.20
$1.20
$1.20
0.0%
Diluted shares, weighted
45m
44m
43m
+2.0%
Shares outstanding at period end
44m
44m
43m
+1.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
621
605
604
+2.7%
Debt
1,503
1,593
1,644
-5.6%
Operating lease liabilities
49.0
58.8
48.9
-16.8%
Finance lease liabilities
25.5
26.1
27.3
-2.5%
Other liabilities
633
798
752
-20.8%
Total liabilities and equity
2,831
3,081
3,077
-8.1%
Fixed assets
112
117
125
-4.2%
Goodwill
1,423
1,431
1,431
-0.5%
Intangible assets
331
392
459
-15.5%
Investments
61.0
61.9
47.8
-1.5%
Cash and equivalents
34.4
72.0
40.4
-52.2%
Receivables
174
191
207
-8.9%
Inventory
36.4
42.1
52.3
-13.5%
Other assets
660
775
714
-14.8%
Total assets
2,831
3,081
3,077
-8.1%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.