Deluxe Corporation provides technology-enabled solutions to small and medium-sized businesses, and financial institutions in the United States and Canada. The company operates through four segments: Merchant Services, B2B Payments, Data Solutions, and Print. It offers credit and debit card authorization and payment systems; processing services to small and medium-sized retail and service businesses, as well as nonprofit and government organizations; treasury management solutions, including remittance and lockbox processing, remote deposit capture, cash application, and payment acceptance solutions, as well as integrated accounts payable disbursements, such as eChecks, Medical Payment Exchange, and Deluxe Payment Exchange; and fraud and security services. The company also provides data, analytics, and marketing services for both business-to-business and business-to-consumer marketing; financial institution profitability reporting and business incorporation services; printed personal and business checks, and business essentials comprising printed business forms and business accessories; and branded promotional, print, apparel, and digital storefront solutions. It sells through financial institutions, small and medium-sized enterprises from a variety of industries, large multinational corporations, 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2.1B | $379M | $82M | $175M | 12.1% | 0.5% | 55.5% |
| 2024 | $2.1B | $365M | $53M | $100M | 8.5% | -3.2% | 102.3% |
| 2023 | $2.2B | $335M | $26M | $98M | 4.3% | -2.0% | -60.1% |
| 2022 | $2.2B | $351M | $65M | $87M | 10.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 2,238.01 | 2,192.30 | 2,121.80 | 2,133.20 |
| Cost Of Revenue | - | 1,032.12 | 1,029.60 | 995.30 | 1,002.50 |
| Gross Profit | - | 1,205.89 | 1,162.70 | 1,126.50 | 1,130.70 |
| Operating Expense | - | 993.25 | 956.10 | 909.20 | 873.30 |
| Operating Income | - | 212.64 | 206.60 | 217.30 | 257.40 |
| EBITDA | - | 351.38 | 335.10 | 365.30 | 379 |
| EBIT | - | 178.83 | 165.40 | 199.80 | 241.10 |
| Pretax Income | - | 84.38 | 39.80 | 76.50 | 119.10 |
| Tax Provision | - | 18.85 | 13.60 | 23.60 | 36.90 |
| Net Income | - | 65.40 | 26.10 | 52.80 | 82.10 |
| Net Income Common Stockholders | - | 65.35 | 26.10 | 52.80 | 82.10 |
| Total Expenses | - | 2,025.37 | 1,985.70 | 1,904.50 | 1,875.80 |
| Interest Expense | - | 94.45 | 125.60 | 123.30 | 122 |
| Selling General And Administration | - | 993.25 | 956.10 | 909.20 | 873.30 |
| Normalized EBITDA | - | 394.58 | 380.90 | 390.40 | 404 |
| Normalized Income | - | 98.96 | 56.25 | 70.16 | 99.35 |
| Market Cap | 1,385.89 | 1,385.89 | 1,385.89 | 1,385.89 | 1,385.89 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Deluxe Corporationthis co. | DLX | $1.4B | 16.88β premium | 2.04 | 12.1% | 7.47 |
| Energizer Holdings, Inc. | ENR | $1.4B | 5.74 | 8.07 | 140.7% | 8.26 |
| Willis Lease Finance Corporation | WLFC | $1.4B | 12.06 | 2.14 | 17.2% | 10.83 |
| Enovix Corporation | ENVX | $1.4B | - | 4.98 | -57.2% | -9.83 |
| Ryerson Holding Corporation | RYZ | $1.4B |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.14 |
| -7.4% |
| 39.93 |
| T1 Energy Inc. | TE | $1.4B | - | 5.20 | -114.3% | -20.85 |
| PureCycle Technologies, Inc. | PCT | $1.3B | - | 29.14 | -397.9% | -14.03 |
| TETRA Technologies, Inc. | TTI | $1.3B | 323.33 | 4.58 | 1.1% | 15.08 |
| Eastman Kodak Company | KODK | $1.3B | - | 2.13 | -18.0% | 6.74 |
| Peer Median | - | 12.06 | 4.78 | -12.7% | 7.50 | |