Deluxe Corp income statement
In fiscal 2025, Deluxe Corp reported revenue of $2.13bn, up 0.5% on the year before, operating income of $232m (a 10.9% margin) and net income of $82.1m, or $1.80 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | 505 | 488 | 493 | 524 | 561 | 606 | 639 | 668 | 743 | 792 | 813 | 731 | 884 | 1,032 | 1,030 | 995 | 1,003 | 1,003 |
| 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 |
| Selling, general and administrative | 616 | 624 | 640 | 680 | 691 | 719 | 775 | 807 | 830 | 854 | 892 | 840 | 941 | 993 | 956 | 909 | 873 | 845 |
| Operating income | 191 | 282 | 271 | 302 | 318 | 333 | 354 | 367 | 329 | 231 | −188 | 41 | 142 | 169 | 161 | 192 | 232 | 251 |
| Interest expense | 46 | 44 | 48 | 47 | 38 | 37 | 20 | 22 | 21 | 27 | 35 | 23 | 56 | 94 | 126 | 123 | 122 | 115 |
| Income before tax | 155 | 236 | 216 | 251 | 281 | 297 | 328 | 340 | 313 | 213 | −216 | 27 | 94 | 84 | 40 | 77 | 119 | 145 |
| Income tax | 56 | 83 | 71 | 80 | 94 | 97 | 109 | 111 | 83 | 63 | 8 | 21 | 31 | 19 | 14 | 24 | 37 | 44 |
| 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 |
| Diluted shares (average) | 51m | 51m | 51m | 51m | 51m | 50m | 50m | 49m | 48m | 47m | 43m | 42m | 43m | 43m | 44m | 45m | 46m | 46m |
| EBITDA | 258 | 355 | 344 | 368 | 382 | 398 | 431 | 458 | 452 | 362 | −62 | 152 | 291 | 342 | 331 | 358 | 370 | 393 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 528 | 521 | 537 | 521 | 540 | 535 | 538 | 499 |
| Cost of revenue | 247 | 248 | 256 | 242 | 249 | 256 | 259 | 240 |
| Gross profit | 282 | 272 | 281 | 279 | 291 | 279 | 279 | 260 |
| Selling, general and administrative | 228 | 214 | 225 | 215 | 212 | 221 | 209 | 202 |
| Operating income | 42 | 47 | 48 | 61 | 76 | 48 | 72 | 56 |
| Interest expense | 30 | 32 | 31 | 31 | 31 | 29 | 28 | 28 |
| Income before tax | 14 | 16 | 19 | 32 | 47 | 21 | 47 | 30 |
| Income tax | 5 | 3 | 5 | 9 | 13 | 9 | 11 | 11 |
| Net income | 9 | 13 | 14 | 22 | 34 | 12 | 36 | 19 |
| Diluted EPS | $0.20 | $0.28 | $0.31 | $0.50 | $0.74 | $0.26 | $0.77 | $0.41 |
| EBITDA | 86 | 85 | 83 | 94 | 108 | 85 | 109 | 92 |
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