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Deluxe (DLX) investor relations material
Deluxe Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved strong third-quarter results with organic growth in revenue, adjusted EBITDA, EPS, margin rate, and cash flows year-over-year.
Revenue mix continues shifting toward Payments and Data businesses, now representing 47% of YTD revenue, up 9.4% year-over-year.
Net income rose to $33.7M ($0.74/share), up from $8.9M ($0.20/share) in Q3 2024, driven by revenue growth and lower SG&A and restructuring costs.
Maintained regular quarterly dividend of $0.30/share, payable December 1, 2025.
Achieved targeted year-end leverage ratio of 3.3x a quarter ahead of schedule.
Financial highlights
Q3 2025 revenue was $540.2M, up 2.2% year-over-year (2.5% on a comparable adjusted basis).
GAAP net income was $33.7M ($0.74/share), up from $8.9M ($0.20/share) in Q3 2024.
Comparable adjusted EBITDA was $118.9M, up 13.8% year-over-year, with margins at 22% (up 220 bps).
Comparable adjusted diluted EPS was $1.09, up 29.8% from $0.84 in 2024.
Free cash flow for the year-to-date period was $95.9M, up $31.6M from the prior year.
Outlook and guidance
Raised full-year adjusted EPS guidance to $3.45–$3.60 (6–10% growth).
Affirmed guidance for revenue ($2.11B–$2.13B), adjusted EBITDA ($425M–$435M), and free cash flow ($140M–$150M).
Guidance assumes interest expense of ~$123M, adjusted tax rate of 26%, D&A of $133M, and CapEx of $90–$100M.
Long-term targets by 2026: 2–4% annual revenue growth, 4–6% EBITDA growth, 3x leverage, 30%+ FCF conversion, and 15%+ annual total shareholder return.
Free cash flow guidance: $140–$150M, up 40–50%.
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