Filing Flows › Donnelley Financial Solutions (DFIN) › Q2 2025
Donnelley Financial Solutions (DFIN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Donnelley Financial Solutions (DFIN) reported revenue of $218M for the second quarter 2025 (Q2 2025), -10% from a year earlier and +8% from the quarter before. Operating margin was 24.2%, net earnings $36.1M (16.6% of revenue).
Donnelley Financial Solutions, Q2 2025: revenue $218M (-10% year over year), operating margin 24.2%, net earnings $36.1M, operating cash flow $68.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $218M | +8% | -10% |
| Operating profit | $52.8M | +15% | -18% |
| Net earnings | $36.1M | +16% | -18% |
| Operating cash flow | $68.4M | — | +22% |
| Free cash flow | $51.7M | — | +40% |
What changed
Revenue was $218.1M in Q2 2025, down 10% year over year and up 8% from the previous quarter. Capital Markets Compliance and Communications Management was the largest line at 43% of revenue. Capital Markets Compliance and Communications Management lost $20.3M year over year (down 18%), 83% of the total change.
Operating profit was $52.8M, a 24.2% margin (down 2.4 points year over year). Total costs fell 7% while revenue fell 10%. Net earnings were $36.1M, down 18% year over year. The effective tax rate was 25.9%.
Operating cash flow was $68.4M (up 22% year over year), 189% of net earnings. Non-cash charges added back $15.1M of depreciation and amortization and $7.5M of share-based compensation. Working capital and other items added $9.7M. After capital expenditures ($16.7M), free cash flow as the company reports it was $51.7M.
Questions
What was Donnelley Financial Solutions' revenue in the second quarter 2025?
Donnelley Financial Solutions (DFIN) reported revenue of $218M for the second quarter 2025 (Q2 2025), -10% from a year earlier and +8% from the quarter before.
Was Donnelley Financial Solutions profitable in the second quarter 2025?
Operating profit was $52.8M (24.2% of revenue) and net earnings $36.1M.