Deluxe (DLX) Q2 2026 earnings summary
Event summary combining transcript, slides, and related documents.
Q2 2026 earnings summary
6 Aug, 2026Executive summary
Q2 2026 comparable adjusted revenue grew 2.6% year-over-year to $499.3M, despite a reported revenue decline of 4.2% due to business exits and Print segment divestiture.
Payments and Data segments now represent 52% of revenue, up from less than one-third in 2021, with Data Solutions revenue up 21.4% year-over-year.
Adjusted EBITDA increased 5.3% to $108.8M, with margin expanding to 21.8%.
Free cash flow for the first half reached $85.9M, up 64.9% year-over-year, supporting $75M+ net debt reduction.
Closed the Celero acquisition on July 31, 2026, expanding payment solutions, distribution, and scale in merchant services.
Financial highlights
Q2 2026 total revenue was $499.3M, down 4.2% reported but up 2.6% on a comparable adjusted basis year-over-year.
Net income for Q2 2026 was $19.2M ($0.41/share), down from $22.4M ($0.50/share) due to one-time transaction expenses.
Adjusted EBITDA was $108.8M, up 5.3% year-over-year; margin reached 21.8%.
Adjusted diluted EPS was $0.87, up from $0.82 year-over-year.
Free cash flow for the first half was $85.9M, up from $52.1M in the prior year.
Outlook and guidance
2026 revenue guidance: $2.095B–$2.12B; adjusted EBITDA: $455M–$475M; adjusted EPS: $3.60–$4.00; free cash flow: ~$200M.
Guidance reflects Celero contribution for August–December and affirms/narrows base business estimates.
Celero expected to be accretive to adjusted EPS and margin in the first full year post-close.
Capital expenditures for 2026 projected at $100–$110M.
Quarterly dividend of $0.30 per share maintained.
Latest events from Deluxe
- $625M all-cash deal accelerates payments/data growth, scale, and $15M+ synergies by 2026.DLX
M&A announcement - Payments and Data now drive over 50% of revenue, with margin gains and early leverage target met.DLX
Q1 2026 - All agenda items passed, with no shareholder questions raised during the meeting.DLX
AGM 2026 - Executive compensation and governance practices remain robust, with strong pay-for-performance alignment.DLX
Proxy filing - Payments and data now drive over half of revenue, with growth and margin expansion accelerating.DLX
Sidoti March Small-Cap Virtual Conference - Strong 2025 results, governance, and ESG drive key proxy votes on directors, pay, and equity plan.DLX
Proxy Filing - Key votes include board elections, executive pay, stock plan amendment, and auditor ratification.DLX
Proxy Filing - Payments and Data drove margin and cash flow gains, with a positive 2026 outlook and dividend growth.DLX
Q4 2025 - Net income up 25% to $20.5M in Q2 2024 as cost actions offset a 5.9% revenue decline.DLX
Q2 2024