Deluxe Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,133	2,122	2,192	2,238	2,022
Revenue Growth (YoY)	0.54%	-3.22%	-2.04%	10.67%	12.92%
Cost of Revenue	1,001	993.4	1,017	1,032	880.07
Gross Profit	1,132	1,128	1,175	1,207	1,142
Selling, General & Admin	872.7	909.1	957	992.6	922.32
Operating Expenses	872.7	909.1	957	992.6	922.32
Operating Income	259.2	219.3	218	213.9	219.81
Interest Expense	-122	-123.3	-125.6	-94.45	-55.55
Other Non Operating Income (Expenses)	8.1	7.5	7	8.87	7.41
EBT Excluding Unusual Items	145.3	103.5	99.4	128.32	171.66
Merger & Restructuring Charges	-20.5	-50.5	-90.5	-63.27	-77.86
Impairment of Goodwill	-	-7.7	-	-	-
Gain (Loss) on Sale of Investments	-	-	-1.5	-0.01	-
Gain (Loss) on Sale of Assets	-	31.2	32.4	19.33	-
Asset Writedown	-5.7	-	-	-	-
Pretax Income	119.1	76.5	39.8	84.38	93.8
Income Tax Expense	36.9	23.6	13.6	18.85	31.03
Earnings From Continuing Operations	82.2	52.9	26.2	65.53	62.77
Minority Interest in Earnings	-0.1	-0.1	-0.1	-0.14	-0.14
Net Income	82.1	52.8	26.1	65.4	62.63
Preferred Dividends & Other Adjustments	-	-	-	0.05	0.05
Net Income to Common	82.1	52.8	26.1	65.35	62.59
Net Income Growth	55.49%	102.30%	-60.09%	4.41%	1094.38%
Shares Outstanding (Basic)	45	44	44	43	42
Shares Outstanding (Diluted)	46	45	44	43	43
Shares Change (YoY)	1.79%	2.05%	1.13%	1.13%	1.63%
EPS (Basic)	1.83	1.20	0.60	1.52	1.48
EPS (Diluted)	1.80	1.18	0.59	1.50	1.45
EPS Growth	52.86%	99.83%	-60.60%	3.17%	1240.08%
Free Cash Flow	175.3	100	97.7	86.93	101.68
Free Cash Flow Per Share	3.85	2.24	2.23	2.01	2.37
Dividend Per Share	1.200	1.200	1.200	1.200	1.200
Gross Margin	53.06%	53.18%	53.60%	53.91%	56.48%
Operating Margin	12.15%	10.34%	9.94%	9.56%	10.87%
Profit Margin	3.85%	2.49%	1.19%	2.92%	3.09%
Free Cash Flow Margin	8.22%	4.71%	4.46%	3.88%	5.03%
EBITDA	397.1	384.8	387.7	386.45	368.57
EBITDA Margin	18.62%	18.14%	17.69%	17.27%	18.23%
D&A For EBITDA	137.9	165.5	169.7	172.55	148.77
EBIT	259.2	219.3	218	213.9	219.81
EBIT Margin	12.15%	10.34%	9.94%	9.56%	10.87%
Effective Tax Rate	30.98%	30.85%	34.17%	22.34%	33.08%
Revenue as Reported	2,133	2,122	2,192	2,238	2,022
Advertising Expenses	30.2	35.9	32.7	38.73	47.46

Source: S&P Global Market Intelligence. Standard template. Financial Sources.