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Deluxe Corp (DLX) stock

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NYSE: DLX NYSE Commercial Printing Next results ~November 4, 2026

C+ Fundamentals grade

Deluxe Corp is a US-listed company in the commercial printing industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 67% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 67% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Deluxe Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling1 purchase and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds111 adding, 124 cuttingOf 37 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Deluxe files

Where Deluxe stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.11bn, up 0.3% on a year earlier, about the same pace as a quarter earlier. That puts it 1196 of 1447 for growth among all the companies we cover. Free-cash-flow margin rose to 9.9% from 6.4% a year earlier. Operating margin widened to 11.9% from 9.4%. The diluted share count is up 2.3% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 3 of our 6 financial-health checks.

Our model value for Deluxe is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Deluxe Corp's trailing-twelve-month revenue grew 0.3% year on year, with a free-cash-flow margin of 9.9%. Where it stands out: gross margin of 52.5% ranks 1 of 5 commercial printing companies we cover. Where it lags: change in growth rate of -0.3pp ranks 5 of 5 commercial printing companies we cover.

Our discounted-cash-flow model values the business at ~$55 per share in the base case (~$34–$83 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 55.5% while net income grew 73.6%: a 18pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 2.3% in a year.
  • Below peers: change in growth rate. Change in growth rate of -0.3pp ranks 5 of 5 commercial printing companies we cover (median +1.0pp).
  • Heavily shorted. 12.0% of the shares available to trade are sold short (8.4 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.87 against an average estimate of $0.81: beat by 7.0%
Revenue
$499m, down 4.2% on a year earlier
Share reaction
-3.3% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
revenue $2.1bn to $2.12bn (full year 2026); adjusted EBITDA $455m to $475m (full year 2026)
Next report
November 4, 2026; average EPS estimate $0.95

Deluxe's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.9%
  • 1 week-0.7%
  • 1 month+1.8%
  • This year+6.9%
  • 1 year+33.7%
  • 5 years-19.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.1B
Operating margin
11.9%
Net margin
4.8%
EPS (TTM, diluted)
$2.18

Growth

Revenue growth
+0.3%
Change in growth rate
−0.3 pts
Share count change
+2.3%

Cash

Free cash flow (TTM)
$209M
FCF margin
9.9%
Stock pay % of revenue
1.3%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Results
  4. Guidance
  5. Deal
  6. Results
  7. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Deluxe Corp valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 67% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Deluxe Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.85 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$90 ~$88–$110 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$17 ~$13–$22 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$18 ~$16–$20 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Deluxe Corp with Industrials sector in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$35.50$47.52$51.88$26.47$35.28$21.56$24.44$13.59$18.33$20.41$21.54$23.02
Market value$1.8bn$2.3bn$2.5bn$1.2bn$1.5bn$908m$1.0bn$589m$803m$912m$980m$1.1bn
+ Net debt (− = net cash)$567m$683m$651m$852m$810m$717m$1.7bn$1.6bn$1.5bn$1.5bn$1.4bn$1.3bn
Enterprise value$2.3bn$3.0bn$3.2bn$2.1bn$2.3bn$1.6bn$2.7bn$2.2bn$2.3bn$2.4bn$2.4bn$2.4bn
Multiples
Price / sales 1.0x1.3x1.3x0.6x0.8x0.5x0.5x0.3x0.4x0.4x0.5x0.5x
Price / earnings 8.1x10.1x10.9x8.3x—173.2x16.7x9.0x30.8x17.3x11.9x10.5x
Price / free cash flow 6.6x8.5x8.6x4.5x6.9x———8.2x9.1x5.6x5.1x
EV / EBITDA 5.4x6.6x7.0x5.8x—10.7x9.3x6.5x7.1x6.7x6.4x6.1x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

56 /100

Moderate moat

How hard Deluxe's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Cash operating profit has been a median 9.6% of total assets over 10 years.

  • Pricing power 17 / 20

    Gross margin has been a median 56.5%, moving by 3.8 percentage points (standard deviation) across 10 years.

  • Durability 1 / 20

    Operating margin has been a median 8.5%; its worst year was -17.8%.

  • Cash conversion 16 / 20

    Free cash flow was positive in 10 of 10 years, at a median 12.8% of revenue.

  • Discipline 14 / 20

    The diluted share count rose 8.5% over five years; stock-based pay has been a median 1.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (60 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $532m and EPS of $0.95 (range $0.87 to $0.99) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.78 +3% $2.1bn −2%
Next $4.08 +8% $2.2bn +5%

Next year's EPS estimate has moved −0.9% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.2% on 90 days ago. In the last 30 days, 0 analysts raised Deluxe Corp's forecast and 0 cut it.

Consensus EPS forecast Deluxe Corp, last 90 days
$3.70 $3.80 $3.90 $4.00 $4.10 $4.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.77 Current fiscal year, 60 days ago: $3.78 Current fiscal year, 30 days ago: $3.78 Current fiscal year, 7 days ago: $3.78 Current fiscal year, Now: $3.78 $3.78 Next fiscal year, 90 days ago: $4.11 Next fiscal year, 60 days ago: $4.08 Next fiscal year, 30 days ago: $4.08 Next fiscal year, 7 days ago: $4.05 Next fiscal year, Now: $4.08 $4.08

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.77$4.11
60 days ago $3.78$4.08
30 days ago $3.78$4.08
7 days ago $3.78$4.05
Now $3.78$4.08

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.81 $0.87 +7.0%
Mar 2026 $0.91 $1.05 +15.0%
Dec 2025 $0.83 $0.96 +15.2%
Sept 2025 $0.90 $1.09 +21.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Revenue full year 2026 $2.095bn to $2.12bn Raised
    “Revenue of $2.095 to $2.12 billion” source
  • Adjusted diluted EPS full year 2026 $3.60 to $4.00 Non-GAAP
    “Adjusted diluted EPS of $3.60 to $4.00” source
  • Adjusted EBITDA full year 2026 $455m to $475m Non-GAAP Raised
    “Adjusted EBITDA of $455 to $475 million” source
  • Free cash flow full year 2026 about $200m Non-GAAP
    “Free cash flow of approximately $200 million” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

3 analysts, Nov 2026
Buy267%
Hold133%
Sell00%

Monthly trend

  1. Nov 20261113
  2. Oct 20261113
  3. Sep 2026112

Counts of recommendations published by analysts covering Deluxe Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
12.0%
of tradable shares
Days to cover
8.37
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
96%
of shares
Held by insiders
3.0%
of shares
Employees
4,571
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +33.7%

$17.21 on October 31, 2025 to $23.02

ThenNowEffect
Revenue (last 12 months) $2.1bn $2.1bn +0.3%
Net margin 2.8% 4.8% +73.1%
P/E multiple 13.4x 10.5x −21.2%
Share count 45m 46m −2.2%

Biggest factor: net margin.

Last 3 years +47.7%

$15.59 on November 3, 2023 to $23.02

ThenNowEffect
Revenue (last 12 months) $2.2bn $2.1bn −5.5%
Net margin 2.4% 4.8% +101.6%
P/E multiple 12.8x 10.5x −18.0%
Share count 44m 46m −5.5%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DLX+13%−44%+35%+11%+6%+7%
Industry peers (median)+5%+2%+33%+17%−9%+18%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DLX50%33%58%42%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DLX−36%−52%−34%−23%−40%−29%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 79% from January 22, 2018 to May 4, 2023. Getting back needed a 368% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$17.19 – $31.11
From 52-week high
−26.0%
vs 50-day average
−1.4%
vs 200-day average
−7.9%
Volatility (1 year)
40%
Beta vs S&P 500
0.21

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±10.6%
After a week
6 up, 6 down
typical move ±14.7%
After a month
7 up, 5 down
typical move ±15.2%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −3.3% −0.4% −12.0% −8.4%
May 6, 2026 −13.0% +1.1% −25.6% −24.0%
January 28, 2026 +11.1% −0.2% +15.5% +15.0%
November 5, 2025 +13.8% −0.7% +13.7% +16.3%
August 6, 2025 +18.3% +0.7% +20.2% +22.1%
April 30, 2025 −4.8% +0.7% −1.2% −6.2%
February 5, 2025 −12.4% +0.8% −19.6% −27.3%
November 6, 2024 +18.5% +3.3% +26.2% +23.5%
July 31, 2024 −9.0% +0.2% −19.4% −13.9%
May 1, 2024 +9.2% +0.6% +12.2% +16.6%
February 1, 2024 +10.0% +2.4% +8.0% +2.8%
December 5, 2023 −3.9% −0.4% −2.2% +6.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Deluxe Corp in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Deluxe Corp
$2.1B $2.2B $2.2B $2.3B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.2B Revenue (TTM), FY23 Q4: $2.2B Revenue (TTM), FY24 Q1: $2.2B Revenue (TTM), FY24 Q2: $2.1B Revenue (TTM), FY24 Q3: $2.1B Revenue (TTM), FY24 Q4: $2.1B Revenue (TTM), FY25 Q1: $2.1B Revenue (TTM), FY25 Q2: $2.1B Revenue (TTM), FY25 Q3: $2.1B Revenue (TTM), FY25 Q4: $2.1B Revenue (TTM), FY26 Q1: $2.1B Revenue (TTM), FY26 Q2: $2.1B $2.1B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.2B
FY23 Q4 $2.2B
FY24 Q1 $2.2B
FY24 Q2 $2.1B
FY24 Q3 $2.1B
FY24 Q4 $2.1B
FY25 Q1 $2.1B
FY25 Q2 $2.1B
FY25 Q3 $2.1B
FY25 Q4 $2.1B
FY26 Q1 $2.1B
FY26 Q2 $2.1B
Revenue growth, TTM YoY Deluxe Corp
-4% -2% 0% 2% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -1.1% Revenue growth, TTM YoY, FY23 Q4: -2.0% Revenue growth, TTM YoY, FY24 Q1: -2.0% Revenue growth, TTM YoY, FY24 Q2: -3.9% Revenue growth, TTM YoY, FY24 Q3: -3.6% Revenue growth, TTM YoY, FY24 Q4: -3.2% Revenue growth, TTM YoY, FY25 Q1: -2.7% Revenue growth, TTM YoY, FY25 Q2: -1.9% Revenue growth, TTM YoY, FY25 Q3: -0.9% Revenue growth, TTM YoY, FY25 Q4: 0.5% Revenue growth, TTM YoY, FY26 Q1: 0.5% Revenue growth, TTM YoY, FY26 Q2: 0.3% 0.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -1.1%
FY23 Q4 -2.0%
FY24 Q1 -2.0%
FY24 Q2 -3.9%
FY24 Q3 -3.6%
FY24 Q4 -3.2%
FY25 Q1 -2.7%
FY25 Q2 -1.9%
FY25 Q3 -0.9%
FY25 Q4 0.5%
FY26 Q1 0.5%
FY26 Q2 0.3%
Operating margin (TTM) Deluxe Corp
6% 8% 10% 12% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 7.0% Operating margin (TTM), FY23 Q4: 7.3% Operating margin (TTM), FY24 Q1: 7.8% Operating margin (TTM), FY24 Q2: 8.2% Operating margin (TTM), FY24 Q3: 9.2% Operating margin (TTM), FY24 Q4: 9.1% Operating margin (TTM), FY25 Q1: 9.2% Operating margin (TTM), FY25 Q2: 9.4% Operating margin (TTM), FY25 Q3: 10.9% Operating margin (TTM), FY25 Q4: 10.9% Operating margin (TTM), FY26 Q1: 12.0% Operating margin (TTM), FY26 Q2: 11.9% 11.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 7.0%
FY23 Q4 7.3%
FY24 Q1 7.8%
FY24 Q2 8.2%
FY24 Q3 9.2%
FY24 Q4 9.1%
FY25 Q1 9.2%
FY25 Q2 9.4%
FY25 Q3 10.9%
FY25 Q4 10.9%
FY26 Q1 12.0%
FY26 Q2 11.9%
FCF margin (TTM) Deluxe Corp
4% 6% 8% 10% FY20 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY20 Q3: 10.0% FCF margin (TTM), FY23 Q4: 4.5% FCF margin (TTM), FY24 Q1: 6.2% FCF margin (TTM), FY24 Q2: 5.8% FCF margin (TTM), FY24 Q3: 6.0% FCF margin (TTM), FY24 Q4: 4.7% FCF margin (TTM), FY25 Q1: 5.6% FCF margin (TTM), FY25 Q2: 6.4% FCF margin (TTM), FY25 Q3: 6.2% FCF margin (TTM), FY25 Q4: 8.2% FCF margin (TTM), FY26 Q1: 8.4% FCF margin (TTM), FY26 Q2: 9.9% 9.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY20 Q3 10.0%
FY23 Q4 4.5%
FY24 Q1 6.2%
FY24 Q2 5.8%
FY24 Q3 6.0%
FY24 Q4 4.7%
FY25 Q1 5.6%
FY25 Q2 6.4%
FY25 Q3 6.2%
FY25 Q4 8.2%
FY26 Q1 8.4%
FY26 Q2 9.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Deluxe took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $2.1B
  2. Cost of revenue $1B · 47.0%
  3. Gross profit $1.1B · 53.0%
  4. Selling, general and admin $873M · 40.9%
  5. Other operating costs $25M · 1.2%
  6. Operating income $232M · 10.9%
  7. Income tax $36.9M · 1.7%
  8. Interest and other $113M · 5.3%
  9. Net income $82.1M · 3.8%

Shares of revenue. Source: Deluxe's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,344 1,402 1,418 1,515 1,585 1,674 1,773 1,849 1,966 1,998 2,009 1,791 2,022 2,238 2,192 2,122 2,133 2,113
Gross profit 839 914 924 991 1,024 1,068 1,134 1,181 1,223 1,206 1,196 1,060 1,138 1,206 1,163 1,126 1,131 1,109
EBITDA 258 355 344 368 382 398 431 458 452 362 −62 152 291 342 331 358 370 393
Operating income 191 282 271 302 318 333 354 367 329 231 −188 41 142 169 161 192 232 251
Net income 99 153 145 170 187 200 219 229 230 150 −224 5 63 65 26 53 82 101
Diluted EPS $1.94 $2.96 $2.80 $3.32 $3.65 $3.96 $4.36 $4.65 $4.72 $3.16 −$5.20 $0.11 $1.45 $1.50 $0.59 $1.18 $1.80 $2.18
Growth (year on year)
Revenue −8.5% +4.3% +1.1% +6.9% +4.6% +5.6% +5.9% +4.3% +6.3% +1.7% +0.5% −10.8% +12.9% +10.7% −2.0% −3.2% +0.5% +0.3%
EBITDA +11.8% +37.6% −3.1% +6.8% +4.0% +4.2% +8.2% +6.4% −1.4% −19.8% −117.2% — +92.0% +17.6% −3.4% +8.2% +3.5% +12.8%
Operating income −8.9% +47.7% −3.7% +11.4% +5.3% +4.6% +6.5% +3.5% −10.3% −29.8% −181.4% — +249.0% +19.2% −5.1% +19.5% +20.9% +27.1%
Net income −2.2% +53.6% −5.3% +17.9% +9.5% +7.0% +9.4% +4.9% +0.3% −35.0% −249.6% — — +4.4% −60.1% — +55.5% +73.6%
Diluted EPS −1.5% +52.6% −5.4% +18.6% +9.9% +8.5% +10.1% +6.7% +1.5% −33.1% −264.6% — — +3.4% −60.7% — +52.5% +69.8%
Margins
Gross margin 62.4% 65.2% 65.2% 65.4% 64.6% 63.8% 63.9% 63.9% 62.2% 60.4% 59.5% 59.2% 56.3% 53.9% 53.0% 53.1% 53.0% 52.5%
EBITDA margin 19.2% 25.3% 24.3% 24.3% 24.1% 23.8% 24.3% 24.8% 23.0% 18.1% −3.1% 8.5% 14.4% 15.3% 15.1% 16.9% 17.4% 18.6%
Operating margin 14.2% 20.1% 19.1% 19.9% 20.1% 19.9% 20.0% 19.8% 16.7% 11.6% −9.4% 2.3% 7.0% 7.6% 7.3% 9.1% 10.9% 11.9%
Net margin 7.4% 10.9% 10.2% 11.3% 11.8% 11.9% 12.3% 12.4% 11.7% 7.5% −11.1% 0.3% 3.1% 2.9% 1.2% 2.5% 3.8% 4.8%
Free-cash-flow margin — 12.0% 14.1% 13.8% 14.1% 14.6% 15.0% 14.7% 14.8% 13.9% 11.0% — — — 4.5% 4.7% 8.2% 9.9%
Cash flow
Cash from operations 206 213 235 244 262 285 310 319 338 339 287 218 211 192 198 194 271 303
Capital spending — 44 36 35 37 41 43 47 47 62 67 — — — 101 94 95 94
Free cash flow — 169 200 209 224 244 266 273 291 277 220 — — — 98 100 175 209
Stock-based pay 7 6 6 7 8 10 12 12 15 13 20 22 29 24 21 20 25 26
Free cash flow after stock pay — 163 194 202 216 234 254 260 276 264 200 — — — 77 80 150 183
Balance sheet
Cash 13 17 29 45 121 62 62 77 59 60 74 123 41 40 72 34 37 35
Total debt 0 755 742 653 641 554 629 760 710 912 884 840 1,702 1,659 1,604 1,522 1,444 1,365
Net debt (negative = net cash) −13 738 713 607 520 493 567 683 651 852 810 717 1,661 1,619 1,532 1,488 1,408 1,330
Diluted shares 51m 51m 51m 51m 51m 50m 50m 49m 48m 47m 43m 42m 43m 43m 44m 45m 46m 46m
Returned to shareholders
Dividends 51 51 51 51 51 58 60 59 58 57 52 51 52 53 53 54 55 56
Buybacks 1 3 24 27 49 60 60 55 65 200 119 14 0 0 — — — —
Total returned 53 54 75 78 100 118 120 114 123 257 170 65 52 53 53 54 55 56

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · June 30, 2026
What it owns · $2.6bn
Short-term assets $374mLonger-term assets $2.2bn
What it owes, and who funded it · $1.0bn
Short-term liabilities $313mShareholders' equity $708m
  • Short-term assets cover short-term liabilities $374m of assets due within a year against $313m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $35m of cash against $1.4bn of debt.
  • Debt below 40% of shareholders' equity Debt is 191% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 283% to 191% over five years.
  • A year's operating cash flow covers at least 20% of debt $303m of operating cash flow against $1.4bn of debt.
  • Operating profit covers interest at least five times over Operating income of $251m against $115m of interest.

From Deluxe Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$56.3M
Diluted share count
+2.3%
year over year
Total shareholder yield
5.3%
dividends 5.3% + buybacks 0.0% of market value
Dividend payout ratio
56%
of net income paid out
Sales & admin spending
40.0%
of revenue
Days sales outstanding
29 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in commercial printing
Last 12 months unless stated DLX QUAD CMPR EBF MGIH Median
Revenue, last 12 months $2.1bn $2.4bn $3.8bn $397m $20m $2.1bn
Revenue growth, last 12 months 0.3% −4.9% 10.0% 2.3% −19.7% 0.3%
Revenue growth, 3-year average −1.9% −8.0% 6.7% −2.7% — −2.3%
Revenue growth, latest quarter −4.2% −0.2% 8.2% 3.4% — 1.6%
Gross margin 52.5% 21.4% 45.6% 30.6% 8.1% 30.6%
Operating margin 11.9% 3.5% 6.0% 13.6% −36.3% 6.0%
Operating margin, 3-year average 9.8% 2.3% 6.8% 13.3% — 8.3%
Net margin 4.8% 1.1% 2.2% 9.8% −34.9% 2.2%
Cash from operations / revenue 14.3% 3.5% 7.6% 17.2% −22.1% 7.6%
Free-cash-flow margin 9.9% 1.6% 5.0% 14.5% −29.4% 5.0%
Free-cash-flow margin, 3-year average 7.3% 1.4% 6.4% 13.8% — 6.9%
Stock pay / revenue 1.3% 0.3% 1.6% 0.5% — 0.9%
Change in share count 2.3% 3.0% −1.7% −2.2% 0.0% 0.0%

Median of all 5 companies we cover in commercial printing. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

5 commercial printing companies
Measure Company Peer median Rank
Revenue growth Growth 0.3% 0.3% 3 of 5
Change in growth rate Growth -0.3pp +1.0pp 5 of 5
Gross margin Profitability 52.5% 30.6% 1 of 5
Operating margin Profitability 11.9% 6.0% 2 of 5
Net margin Profitability 4.8% 2.2% 2 of 5
Free-cash-flow margin Cash generation 9.9% 5.0% 2 of 5
Change in share count Balance sheet 2.3% 0.0% 4 of 5

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Products $1.1B 53.3% ▼ 5.6%
Checks1 $690M 60.6% ▼ 1.8%
Forms and Other Business Products $225M 19.8% ▼ 6.5%
Treasurymanagementsolutions $225M 19.7% ▼ 0.4%
Services $995M 46.7% ▲ 8.6%
Merchant Services Solutions $399M 40.0% ▲ 3.8%
Datadrivenmarketingsolutions $288M 28.9% ▲ 34.2%
Promotional Solutions Revenue $222M 22.3% ▼ 15.3%
Other Payment Solutions $65.8M 6.6% ▲ 5.6%
Other Web Based Solutions $19.2M 1.9% ▼ 1.0%

From Deluxe Corp's 10-K filed February 13, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$963M
Institutions reporting
244
Shares held vs prior quarter
▲ 1.2%
Positions opened / closed
31 / 38

Top buyers and sellers, Q2 2026: 111 institutions bought and 124 sold ; the biggest buyer was Qube Research & Technologies Ltd (+421K shares) and the biggest seller Sei Investments Co (−247K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $166M 7.0M 17.3% ▲ 3.4%
State Street Corp $68.3M 2.9M 7.1% ▲ 3.3%
Dimensional Fund Advisors LP $68M 2.8M 7.1% ▲ 3.4%
Vanguard Portfolio Management LLC $63.1M 2.6M 6.5% ▲ 4.0%
LSV Asset Management $49M 2.1M 5.1% ▲ 1.2%
Vanguard Capital Management LLC $46.7M 2.0M 4.8% ▲ 6.1%
Deprince Race & Zollo Inc $41.4M 1.7M 4.3% ▼ 12.2%
Geode Capital Management, LLC $32.7M 1.4M 3.4% ▲ 19.4%
Goldman Sachs Group Inc $21.8M 913K 2.3% ▼ 15.9%
Charles Schwab Investment Management Inc $20.5M 858K 2.1% ▼ 19.6%
Prudential Financial Inc $16.9M 708K 1.8% ▼ 23.3%
Empowered Funds, LLC $16.6M 695K 1.7% ▲ 57.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Deluxe Corp's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $3,752 1 trade by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $3,752 net buying
Insider Date Trade Shares Price Value
Zint William C SVP, Chief Financial Officer December 10, 2025 Buy pre-set plan 175 $21.44 $3,752

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

No trades in Deluxe Corp disclosed in the last 12 months; 5 earlier trades on record.

  • Rubén Hinojosa(TX):Sale (full), $1,001 - $15,000, traded November 2, 2016, filed January 29, 2017
  • Rubén Hinojosa(TX):Purchase, $1,001 - $15,000, traded September 9, 2016, filed September 23, 2016
  • Rubén Hinojosa(TX):Purchase, $1,001 - $15,000, traded September 6, 2016, filed September 23, 2016

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • January 28, 2026
  • November 5, 2025
  • August 6, 2025
  • April 30, 2025

Recent SEC filings

Data status

When each part of this page on Deluxe Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Deluxe Corp in brief

What does Deluxe Corp do?
Deluxe Corp is a US-listed company in the commercial printing industry. Its financial year ends in December.
What is Deluxe Corp's stock ticker?
Deluxe Corp trades under the ticker DLX on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Deluxe Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Deluxe Corp reported revenue of $2.1B, 0.3% higher than a year earlier, according to its SEC filings.
What is Deluxe Corp's free cash flow?
Deluxe Corp's free-cash-flow margin is 9.9% of revenue over the trailing twelve months, ranking 2 of the 5 commercial printing companies we cover.
Who are Deluxe Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Deluxe Corp's market cap?
On November 2, 2026, Deluxe Corp's market capitalisation was about $1.1B, with a price-to-earnings ratio of 10.5 and net debt of $1.3B. Market figures come from third-party market data and may be delayed.
Does Deluxe Corp pay a dividend?
Yes: Deluxe Corp paid $56.3M in dividends over the trailing twelve months, a dividend yield of 5.34% and a payout ratio of 56.0%.
How much debt does Deluxe Corp have?
Deluxe Corp's debt-to-equity ratio is 191.0%, from its latest balance sheet (282.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are Deluxe Corp's competitors?
In our Commercial Printing peer group, the companies closest to Deluxe Corp are Quad/graphics, Inc., Cimpress plc, Ennis, Inc. and Millennium Group International Holdings Ltd. The side-by-side comparison below sets their revenue, margins and growth against Deluxe Corp's.
Are insiders buying or selling Deluxe Corp stock?
Over the last 12 months, Deluxe Corp's directors and officers reported 1 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Deluxe Corp's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Deluxe Corp announces its own schedule.