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Deluxe Corporation

Deluxe Corporation

NYSE•DLX
CEO: Mr. Barry C. McCarthy
Sector: Communication Services
Industry: Advertising Agencies
Listing Date: 1980-03-17
Deluxe Corporation provides technology-enabled solutions to enterprises, small businesses, and financial institutions in the United States, Canada, and Australia. It operates through Merchant Services, B2B Payments, Data Solutions, and Print segments. The Merchant Services offers credit and debit card authorization and payment systems, as well as processing services primarily to small and medium-sized retail and service businesses. The B2B Payments segment provides treasury management solutions, including remittance and lockbox processing, remote deposit capture, automated receivables management, payment processing, and cash application, as well as automated payables management, such as medical payment and deluxe payment exchange. The Data solutions segment offers data-driven marketing solutions, financial institution profitability reporting, and business incorporation services. The Print segment provides printed personal and business checks, printed business forms, business accessories, and promotional products. It sells through multi-channel sales and marketing, and scalable partnerships. The company was formerly known as Deluxe Check Printers, Incorporated and changed its name to Deluxe Corporation in 1988. Deluxe Corporation was founded in 1915 and is headquartered in Minneapolis, Minnesota.
Contact Information
801 South Marquette Avenue, Minneapolis, MN, 55402-2807, United States
651-483-7111
www.deluxe.com
Market Cap
$1.00B
P/E (TTM)
12.3
14
Dividend Yield
5.4%
52W High
$23.87
52W Low
$13.61
52W Range
85%
Rank42Top 35.8%
4.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$540.25M+2.23%
4-Quarter Trend

EPS

$1.09+165.85%
4-Quarter Trend

FCF

$43.85M-6.20%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Surge Nine months 2025 Net Income attributable to Deluxe $70.1M, up 74.3% versus prior nine months period results.
EBITDA Margin Expansion Adjusted EBITDA margin reached 20.4% for nine months, up 110 basis points from 19.3% last year.
Operating Cash Flow Growth Net cash from operations $168.5M for nine months, increasing $34.4M from prior year comparison figures.
Free Cash Flow Growth Free cash flow $96.0M for nine months, showing $31.6M increase year-over-year driven by operational actions.

Risk Factors

Total Revenue Decline Total revenue declined 0.2% to $1.60B for nine months due to ongoing secular Print segment declines.
Promotional Product Softness Weaker demand for promotional products partially offset strong growth seen in Data Solutions segment revenue.
Inflationary Cost Pressures Inflationary pressures impacting material and delivery costs offset some realized cost savings initiatives.
Asset Base Reduction Total assets decreased $243.6M since year-end 2024, primarily reflecting impact of exited business operations.

Outlook

North Star Program Targets North Star program aims for $100M free cash flow run-rate improvement and $80M adjusted EBITDA run-rate by 2026.
B2B Payments Segment Expansion Acquired JPMorgan CheckMatch assets to enhance market position and extend scale within B2B Payments segment.
Capital Allocation Priorities Capital allocation focuses on responsible growth investments, debt reduction, and returning capital via dividends.
Restructuring Completion Timeline Majority of employee reductions and associated severance payments expected to be completed by mid-2026.

Peer Comparison

Revenue (TTM)

Sinclair, Inc.SBGI
$3.34B
-1.0%
Deluxe CorporationDLX
$2.12B
-0.9%
Criteo S.A.CRTO
$1.96B
+0.4%

Gross Margin (Latest Quarter)

EverQuote, Inc.EVER
97.3%
+1.1pp
Nextdoor Holdings, Inc.KIND
84.9%
+1.8pp
Fiverr International Ltd.FVRR
81.2%
-1.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CCO$1.12B-230.00.1%171.9%
CRTO$1.07B6.315.7%5.3%
SBGI$1.06B-23.5-10.4%76.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.2%
Moderate Growth
4Q Net Income CAGR
38.8%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$0.82
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $540.25M+2.2%
    |
    EPS: $1.09+165.9%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 7, 2025|
    Revenue: $521.26M-3.1%
    |
    EPS: $0.50+8.7%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $536.50M+0.3%
    |
    EPS: $0.31+24.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 21, 2025|
    Revenue: $2.12B-3.2%
    |
    EPS: $1.19+98.3%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $528.44M-1.7%
    |
    EPS: $0.41-327.8%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $537.82M-5.9%
    |
    EPS: $0.46+21.1%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $534.96M-1.9%
    |
    EPS: $0.25+305.2%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 22, 2024|
    Revenue: $2.19B-2.0%
    |
    EPS: $0.60-60.5%
    Miss