Open the filing on EDGARDELUXE REPORTS STRONG THIRD QUARTER 2026 RESULTS
INCREASES FULL-YEAR OUTLOOK FOR REVENUE AND ADJUSTED EBITDA
- Reported revenue increased 2.5%; Removing prior-year impacts from business exits, comparable adjusted revenue increased 9.1%.
- Cash from operating activities increased 28.1% to $215.9 million for the first nine months of the year; free cash flow increased 40.7% to $134.9 million.
- Inclusive of one-time Celero transaction costs, third quarter net income was $13.0 million, compared to $33.7 million in 2025.
- Comparable adjusted EBITDA increased 9.6% to $127.1 million.
- GAAP diluted EPS was $0.28 versus $0.74 in 2025; comparable adjusted diluted EPS improved 1.9% to $1.06.
- Updating full-year outlook for revenue, adjusted EBITDA, adjusted diluted EPS, and affirming free cash flow.
Minneapolis - November 4, 2026 - Deluxe (NYSE: DLX), a trusted Payments and Data company, today reported operating results for its third quarter ended September 30, 2026.
“Our mix shift towards our Payments and Data segments accelerated, driving strong overall enterprise growth during the third quarter. Revenue across our combined Payments and Data businesses expanded by over 21%, as the addition of Celero mid-quarter further accelerated our growth and mix shift progress," said Barry McCarthy, President and CEO of Deluxe. "We are executing well on the Celero integration synergy targets, while continuing to expand profit margins and cash flows across the overall enterprise."
“Continued expansion of our comparable adjusted EBITDA and year-to-date free cash flow results through the third quarter reflect our focused execution and the ability to expand our margins as revenue scales across our growth segments,” said Chip Zint, Senior Vice President and Chief Financial Officer of Deluxe. “We remain focused on capital allocation discipline across the business, as our investments drive continued growth of our key profitability metrics and cash generation, as reflected in our updated 2026 outlook.”
Third Quarter 2026 Financial Highlights
| 3 Quarter2026 | 3 Quarter2025 | % Change |
|---|
| Revenue | $553.9 | $540.2 | | 2.5% |
| Comparable Adjusted Revenue | $553.9 | $507.9 | | 9.1% |
| Net Income | $13.0 | $33.7 | | (61.4%) |
| Comparable Adjusted EBITDA | $127.1 | $116.0 | | 9.6% |
| Diluted EPS | $0.28 | $0.74 | | (62.2%) |
| Comparable Adjusted Diluted EPS | $1.06 | | $1.04 | 1.9% |
- Revenue for the third quarter increased 2.5% from the previous year. Comparable adjusted revenue increased 9.1% compared to the prior year, reflecting removal of business exit impacts.
- Net income of $13.0 million declined from $33.7 million in the third quarter of 2025, as acquisition-related costs and higher interest expense offset incremental operating profits from increased revenues.
- Comparable adjusted EBITDA margin was 22.9%, up 10 basis points from the prior year.
- Comparable adjusted diluted EPS of $1.06 was up 1.9% year over year.
Outlook
The Company updated its guidance for full year 2026 as follows:
- Revenue of $2.13 to $2.15 billion
- Adjusted EBITDA of $470 to $480 million
- Adjusted diluted EPS of $3.80 to $4.00
- Free cash flow of approximately $200 million
This guidance remains subject to, among other things, prevailing macroeconomic conditions, global instability, including tariffs, labor supply challenges, and inflation, as well as the impact of other potential changes to the company's portfolio.
Capital Allocation and Dividend
The Board of Directors recently approved a regular quarterly dividend of $0.30 per share. The dividend will be payable on December 1, 2026, to shareholders of record as of market closing on November 17, 2026.
Earnings Call Information
Deluxe management will host a conference call today at 5:00 p.m. ET (4:00 p.m. CT) to review the financial results and updated outlook. Listeners can access the call by dialing 1-800-330-6730 (conference passcode: 202254). The audio and accompanying slides will be available via a simultaneous webcast accessible through the investor relations website at www.investors.deluxe.com. A replay will be available after 8:00 p.m. ET through midnight on November 11, 2026, via the webcast link and listen-by-phone option.
About Deluxe Corporation
Deluxe, a trusted Payments and Data company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions, and hundreds of the world’s largest consumer brands, while processing more than $2 trillion in annual payment volume. Our reach, scale, and distribution channels position Deluxe to be our customers’ most trusted business partner. To learn how we can help your business, visit us at www.deluxe.com, www.facebook.com/deluxecorp, www.linkedin.com/company/deluxe, or www.x.com/deluxe.
Forward-Looking Statements
Forward-looking statements notice
Statements made in this presentation regarding Deluxe, the company’s, or management’s intentions, expectations, outlook, or predictions about future results or events are considered “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These statements reflect management’s current intentions or beliefs and are subject to risks and uncertainties that could cause actual results or events to differ from stated expectations, which variations could be material and adverse. Factors that could lead to such variations include, but are not limited to, the following: changes in local, regional, national, and international economic or political conditions, including those arising from heightened inflation, rising interest rates, a recession, uncertainties surrounding trade policies or tariffs, or intensified international hostilities, and their impact on the company, its data, customers, or demand for the company’s products and services; the effects of proposed and enacted legislative and regulatory actions affecting the company or the financial services industry as a whole; ongoing cost increases and/or declines in the availability of data, materials, and other services; the company’s ability to execute its strategy and to realize the intended benefits; the inherent unreliability of earnings, revenue, and cash flow predictions due to numerous factors, many of which are beyond the company’s control; declining demand for the company’s checks, check-related products and services, and business forms; risks that the company’s strategies intended to drive sustained revenue and earnings growth, despite the continuing decline in checks and forms, are delayed or unsuccessful; intense competition; consolidation of financial institutions and/or bank failures, reducing the number of potential customers and referral sources and increasing downward pressure on the company’s revenue and earnings; risks related to acquisitions, including integration-related risks and risks that future acquisitions will not be consummated; risks that any such acquisitions do not produce the anticipated results or synergies; risks that the company’s cost reduction initiatives will be delayed or unsuccessful; risks related to any divestitures contemplated or undertaken by the company; performance shortfalls by one or more of the company’s major suppliers, licensors, or data or service providers; continuing supply chain and labor supply issues; unanticipated delays, costs, and expenses in the development and marketing of products and services, including financial technology and treasury management solutions; the failure of such products and services to deliver the expected revenues and other financial targets; risks related to security breaches, computer malware, or other cyber-attacks; risks of interruptions to the company’s website operations or information technology systems; and risks of unfavorable outcomes and the costs to defend litigation and other disputes. The company’s forward-looking statements speak only as of the time made, and management assumes no obligation to publicly update any such statements. Additional information concerning these and other factors that could cause actual results and events to differ materially from the company’s current expectations are contained in the company’s Form 10-K for the year ended December 31, 2025 and other filings made with the SEC. The company undertakes no obligation to update or revise any forward-looking statements to reflect subsequent events, new information, or future circumstances.
DELUXE CORPORATION
CONSOLIDATED CONDENSED STATEMENTS OF INCOME
| Quarter Ended September 30, | Nine Months Ended September 30, |
|---|
| 2026 | 2025 | 2026 | 2025 |
|---|
| Revenue | $553.9 | | $540.2 | | $1,591.2 | | $1,598.0 | |
| Cost of revenue | (266.3) | | (249.1) | | (764.6) | | (746.6) | |
| Selling, general and administrative expense | (226.2) | | (212.4) | | (637.8) | | (652.1) | |
| Restructuring and integration expense | (8.7) | | (2.9) | | (13.8) | | (14.6) | |
| Gain on sale of businesses and long-lived assets | - | | - | | 5.1 | | - | |
| Operating income | 52.7 | | 75.8 | | 180.1 | | 184.7 | |
| Interest expense | (35.0) | | (30.5) | | (90.6) | | (92.8) | |
| Other income, net | 2.0 | | 1.9 | | 6.9 | | 6.2 | |
| Income before income taxes | 19.7 | | 47.2 | | 96.4 | | 98.1 | |
| Income tax provision | (6.7) | | (13.5) | | (28.4) | | (27.9) | |
| Net income | 13.0 | | 33.7 | | 68.0 | | 70.2 | |
| Non-controlling interest | - | | - | | (0.1) | | (0.1) | |
| Net income attributable to Deluxe | $13.0 | | $33.7 | | $67.9 | | $70.1 | |
| Weighted average dilutive shares | 46.5 | | 45.6 | | 46.4 | | 45.4 | |
| Diluted earnings per share | $0.28 | | $0.74 | | $1.46 | | $1.54 | |
| Adjusted diluted earnings per share | 1.06 | | 1.09 | | 2.99 | | 2.71 | |
| Comparable adjusted diluted earnings per share | 1.06 | | 1.04 | | 2.99 | | 2.58 | |
| Depreciation and amortization expense | 45.4 | | 32.3 | | 118.3 | | 101.0 | |
| EBITDA | 100.1 | | 110.0 | | 305.2 | | 291.8 | |
| Adjusted EBITDA | 127.1 | | 118.9 | | 353.8 | | 325.5 | |
| Comparable adjusted EBITDA | 127.1 | | 116.0 | | 353.8 | | 317.7 | |
DELUXE CORPORATION
CONSOLIDATED CONDENSED BALANCE SHEETS
(dollars and shares in millions)
| September 30, 2026 | December 31, 2025 |
|---|
| Cash and cash equivalents | $74.9 | $36.9 |
| Other current assets | 381.7 | 628.9 |
| Goodwill | 1,808.4 | 1,422.8 |
| Intangibles | 566.2 | 348.4 |
| Property, plant and equipment | 149.4 | 101.0 |
| Operating lease assets | 47.3 | 43.0 |
| Other non-current assets | 265.7 | 282.6 |
| Total assets | $3,293.6 | $2,863.6 |
| Current portion of long-term debt | $59.1 | $16.3 |
| Other current liabilities | 367.3 | 626.9 |
| Long-term debt | 1,945.0 | 1,413.1 |
| Finance lease liabilities | 75.3 | 25.8 |
| Operating lease liabilities | 42.8 | 39.8 |
| Other non-current liabilities | 86.3 | 61.0 |
| Shareholders' equity | 717.8 | 680.7 |
| Total liabilities and shareholders' equity | $3,293.6 | $2,863.6 |
| Net debt | $1,929.2 | $1,392.5 |
| Shares outstanding | 45.9 | 45.0 |
DELUXE CORPORATION
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
| Nine Months Ended September 30, |
|---|
| 2026 | 2025 |
|---|
| Cash provided (used) by: | | |
| Operating activities: | | |
| Net income | $68.0 | | $70.2 | |
| Depreciation and amortization of intangibles | 118.3 | | 101.0 | |
| Gain on sale of businesses and long-lived assets | (5.1) | | - | |
| Other | 34.7 | | (2.7) | |
| Total operating activities | 215.9 | | 168.5 | |
| Investing activities: | | |
| Payments for acquisitions | (642.9) | | (12.1) | |
| Purchases of capital assets | (81.0) | | (72.6) | |
| Proceeds from company-owned life insurance policies | 34.0 | | 3.0 | |
| Proceeds from sale of businesses and long-lived assets | 10.8 | | 2.0 | |
| Other | 3.3 | | 3.7 | |
| Total investing activities | (675.8) | | (76.0) | |
| Financing activities: | | |
| Net change in debt | 581.1 | | (56.1) | |
| Debt issuance costs | (12.6) | | - | |
| Dividends | (43.0) | | (41.6) | |
| Change in settlement processing obligations | (256.9) | | (236.0) | |
| Other | (26.3) | | (5.6) | |
| Total financing activities | 242.3 | | (339.3) | |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash, and restricted cash equivalents | (1.2) | | 1.2 | |
| Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents | (218.8) | | (245.6) | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year | 313.0 | | 309.2 | |
| Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period | $94.2 | | $63.6 | |
| Free cash flow | $134.9 | | $95.9 | |
DELUXE CORPORATION
SEGMENT INFORMATION
| Quarter Ended September 30, | Nine Months Ended September 30, |
|---|
| 2026 | 2025 | 2026 | 2025 |
|---|
| Revenue: | | | | |
| Merchant Services | | $135.1 | | $98.0 | $347.5 | | $297.2 | |
| B2B Payments | | 77.3 | | 73.1 | 224.4 | | 214.2 | |
| Data Solutions | | 102.9 | | 89.2 | 282.6 | | 234.3 | |
| Print | | 238.6 | | 279.9 | 736.7 | | 852.3 | |
| Total | | $553.9 | | $540.2 | $1,591.2 | | $1,598.0 | |
| Comparable Adjusted Revenue | | $553.9 | | $507.9 | $1,591.2 | | $1,518.7 | |
| Adjusted EBITDA: | | | | |
| Merchant Services | | $32.1 | | $20.4 | $83.9 | | $63.5 | |
| B2B Payments | | 22.5 | | 16.8 | 58.0 | | 45.8 | |
| Data Solutions | | 27.6 | | 29.1 | 68.6 | | 69.1 | |
| Print | | 84.3 | | 93.5 | 256.0 | | 274.7 | |
| Corporate | | (39.4) | | (40.9) | (112.7) | | (127.6) | |
| Total | | $127.1 | | $118.9 | $353.8 | | $325.5 | |
| Comparable Adjusted EBITDA | | $127.1 | | $116.0 | $353.8 | | $317.7 | |
| Adjusted EBITDA Margin: | | | | |
| Merchant Services | 23.8% | | 20.8% | | 24.1% | | 21.4% | |
| B2B Payments | 29.1% | | 23.0% | | 25.8% | | 21.4% | |
| Data Solutions | 26.8% | | 32.6% | | 24.3% | | 29.5% | |
| Print | 35.3% | | 33.4% | | 34.7% | | 32.2% | |
| Total | 22.9% | | 22.0% | | 22.2% | | 20.4% | |
| Comparable Adjusted EBITDA | 22.9% | | 22.8% | | 22.2% | | 20.9% | |
Segment information was calculated using the methodology described in the Notes to Consolidated Financial Statements in the company's Annual Report on Form 10-K for the year ended December 31, 2025. The reconciliation of the comparable GAAP financial measure to consolidated adjusted EBITDA, comparable adjusted revenue, and comparable adjusted EBITDA is provided on a following page.
DELUXE CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
The company has not reconciled the adjusted EBITDA, adjusted diluted EPS, or free cash flow outlook for 2026 to the directly comparable GAAP financial measures because the company does not provide outlook guidance for the reconciling items between net income, adjusted net income, and adjusted EBITDA, and some of these reconciling items affect cash flows from operating activities. Due to the significant uncertainty and variability associated with certain forward-looking reconciling items such as restructuring and integration expense, gains and losses on sales of businesses and long-lived assets, and certain legal and environmental expenses, a reconciliation of the outlook for these non-GAAP financial measures to the corresponding GAAP measures is not available without unreasonable effort. The potential impact of these reconciling items is substantial and, based on past experience, could be material.
Management does not consider the non-GAAP measures presented below to be substitutes for GAAP performance measures, but believes they are useful performance measures that should be considered in addition to GAAP performance measures.
EBITDA, ADJUSTED EBITDA, AND ADJUSTED EBITDA MARGIN
Management believes that EBITDA, adjusted EBITDA, and adjusted EBITDA margin are metrics that provide meaningful insight into the company's operating performance. These measures exclude the impact of interest expense, income taxes, depreciation and amortization, and certain other items that may vary for reasons unrelated to current period operating performance. Management uses these measures to evaluate operating results, facilitate period-to-period and peer comparisons, and inform strategic decision-making aimed at enhancing performance. Additionally, management believes that growth in adjusted EBITDA and adjusted EBITDA margin reflects improvement in the company's operating efficiency and may be indicative of increased enterprise value. It is important to note that management does not consider EBITDA or adjusted EBITDA to be measures of cash flow, as they do not account for certain cash requirements such as interest, income taxes, debt service payments, or capital investments.
| Quarter Ended September 30, | Nine Months Ended September 30, |
|---|
| 2026 | 2025 | 2026 | 2025 |
|---|
| Net income | $13.0 | | $33.7 | | $68.0 | | $70.2 | |
| Non-controlling interest | - | | - | | (0.1) | | (0.1) | |
| Interest expense | 35.0 | | 30.5 | | 90.6 | | 92.8 | |
| Income tax provision | 6.7 | | 13.5 | | 28.4 | | 27.9 | |
| Depreciation and amortization expense | 45.4 | | 32.3 | | 118.3 | | 101.0 | |
| EBITDA | 100.1 | | 110.0 | | 305.2 | | 291.8 | |
| Acquisition transaction costs | 9.8 | | - | | 15.4 | | - | |
| Restructuring and integration expense | 8.9 | | 2.9 | | 14.6 | | 15.6 | |
| Share-based compensation expense | 6.5 | | 6.0 | | 19.7 | | 17.6 | |
| Certain legal, environmental and other expense | 1.8 | | - | | 4.0 | | 0.5 | |
| Gain on sale of businesses and long-lived assets | - | | - | | (5.1) | | - | |
| Adjusted EBITDA | $127.1 | | $118.9 | | $353.8 | | $325.5 | |
| Adjusted EBITDA as a percentage of revenue (adjusted EBITDA margin) | 22.9% | | 22.0% | | 22.2% | | 20.4% | |
DELUXE CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (continued)
ADJUSTED DILUTED EPS AND COMPARABLE ADJUSTED DILUTED EPS
Adjusted diluted EPS is calculated by excluding the impact of certain non-cash items and other items that may not be indicative of core operating results for the current period. Comparable adjusted diluted EPS also excludes the impact of business exits during the periods presented. By removing these effects, these measurements offer a perspective on the underlying performance of the business and facilitate more consistent comparisons across reporting periods. Management uses adjusted diluted EPS and comparable adjusted diluted EPS as key metrics to evaluate operating results, assess performance trends, and inform strategic decision-making. These measures assist both management and investors in analyzing current period results and in assessing potential future performance by focusing on earnings generated from ongoing operations. It is important to note that while these measures exclude certain items to enhance comparability, these items may recur in future periods and the amounts recognized may vary significantly.
| Quarter Ended September 30, | Nine Months Ended September 30, |
|---|
| 2026 | 2025 | 2026 | 2025 |
|---|
| Net income | $13.0 | | $33.7 | | $68.0 | | $70.2 | |
| Non-controlling interest | - | | - | | (0.1) | | (0.1) | |
| Net income attributable to Deluxe | 13.0 | | 33.7 | | 67.9 | | 70.1 | |
| Adjustments: | | | | |
| Acquisition amortization | 20.4 | | 10.6 | | 41.2 | | 33.8 | |
| Acquisition transaction costs | 9.8 | | - | | 15.4 | | - | |
| Restructuring and integration expense | 8.9 | | 2.9 | | 14.6 | | 15.6 | |
| Share-based compensation expense | 6.5 | | 6.0 | | 19.7 | | 17.6 | |
| Certain legal, environmental and other expense | 1.8 | | - | | 4.0 | | 0.5 | |
| Gain on sale of businesses and long-lived assets | - | | - | | (5.1) | | - | |
| Adjustments, pre-tax | 47.4 | | 19.5 | | 89.8 | | 67.5 | |
| Income tax provision impact of pretax adjustments | (11.0) | | (3.6) | | (19.2) | | (14.5) | |
| Adjustments, net of tax | 36.4 | | 15.9 | | 70.6 | | 53.0 | |
| Adjusted net income attributable to Deluxe | 49.4 | | 49.6 | | 138.5 | | 123.1 | |
| Re-measurement of share-based awards classified as liabilities | - | | - | | - | | (0.1) | |
| Adjusted income attributable to Deluxe available to common shareholders (A) | 49.4 | | 49.6 | | 138.5 | | 123.0 | |
| Business exit, pretax | - | | (2.9) | | - | | (7.8) | |
| Income tax provision impact of business exit | - | | 0.7 | | - | | 2.0 | |
| Business exit, net of tax | - | | (2.2) | | - | | (5.8) | |
| Comparable adjusted income available to common shareholders (B) | $49.4 | | $47.4 | | $138.5 | | $117.2 | |
| Weighted-average dilutive shares (C) | 46.5 | | 45.6 | | 46.4 | | 45.4 | |
| Adjusted Diluted EPS (A) / (C) | $1.06 | | $1.09 | | $2.99 | | $2.71 | |
| Comparable Adjusted Diluted EPS (B) / (C) | $1.06 | | $1.04 | | $2.99 | | $2.58 | |
The tax effect of the pretax adjustments considers the tax treatment and related tax rate(s) that apply to each adjustment in the applicable tax jurisdiction(s). Generally, this results in a tax impact that approximates the U.S. effective tax rate for each adjustment. However, the tax impact of certain adjustments, such as share-based compensation expense and gains on sales of businesses and long-lived assets, depends on whether the amounts are deductible in the respective tax jurisdictions and the applicable effective tax rate(s) in those jurisdictions.
DELUXE CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (continued)
COMPARABLE ADJUSTED REVENUE, COMPARABLE ADJUSTED EBITDA, AND COMPARABLE ADJUSTED EBITDA MARGIN
Management considers the measures of comparable adjusted revenue, comparable adjusted EBITDA, and comparable adjusted EBITDA margin, which exclude the impact of business exits, to be important indicators for assessing, evaluating, and improving the company's performance. Excluding the impact of business exits allows management to evaluate results on a comparable year-over-year basis.
The comparable measures for 2025 exclude the results of the Safeguard small business distributor channel in the Print segment, which was sold in March 2026, and reflect the post-transaction terms with the buyer.
| Quarter Ended September 30, | Nine Months Ended September 30, |
|---|
| 2026 | 2025 | 2026 | 2025 |
|---|
| Total Company: | | | | |
| Revenue | $553.9 | | $540.2 | | $1,591.2 | | $1,598.0 | |
| Less: Business exit | - | | (32.3) | | - | | (79.3) | |
| Comparable adjusted revenue | $553.9 | | $507.9 | | $1,591.2 | | $1,518.7 | |
| Total Company: | | | | |
| Adjusted EBITDA | | $127.1 | | $118.9 | | $353.8 | | $325.5 |
| Less: Business exit | | - | | (2.9) | | - | | (7.8) |
| Comparable adjusted EBITDA | | $127.1 | | $116.0 | | $353.8 | | $317.7 |
| Comparable adjusted EBITDA margin | 22.9% | | 22.8% | | 22.2% | | 20.9% | |
The reconciliation of net income to adjusted EBITDA can be found on a preceding page.
NET DEBT
Net debt is calculated by subtracting cash and cash equivalents from total debt. One limitation associated with using net debt is that by subtracting cash and cash equivalents, it may imply that management intends to use these funds to reduce outstanding debt. Additionally, net debt can suggest that the company's debt obligations are lower than what the most comparable GAAP measure indicates. Despite these limitations, management believes that net debt is a valuable metric for assessing the company's financial leverage and overall balance sheet health. It provides a measure of the company's debt burden considering the funds available to offset debt obligations.
| September 30, 2026 | December 31, 2025 |
|---|
| Total debt | $2,004.1 | $1,429.4 |
| Cash and cash equivalents | (74.9) | (36.9) |
| Net debt | $1,929.2 | $1,392.5 |
DELUXE CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP MEASURES (continued)
FREE CASH FLOW
Free cash flow is calculated as net cash provided by operating activities minus purchases of capital assets. Management considers free cash flow to be an important indicator of cash available for servicing debt and for shareholders, after making necessary capital investments to maintain or expand the company's asset base. One limitation of using the free cash flow measure is that not all of the free cash flow is available for discretionary spending. The company may have mandatory debt payments and other cash requirements that must be deducted from available cash. Despite this limitation, management believes that the measure of free cash flow offers an additional metric to consistently compare cash generated by business operations. It also provides insight into the cash flow available to fund various items such as dividends, mandatory and discretionary debt reduction, acquisitions or other strategic investments, and share repurchases.
| Nine Months Ended September 30, | |
|---|
| 2026 | 2025 |
|---|
| Net cash provided by operating activities | $215.9 | | $168.5 | |
| Purchases of capital assets | (81.0) | | (72.6) | |
| Free cash flow | $134.9 | | $95.9 | |
Contacts
Brian Anderson, VP, Strategy & Investor Relations · 651-447-4197 · brian.anderson@deluxe.com
Keith Negrin, VP, Communications · 612-669-1459 · keith.negrin@deluxe.com