Filing Flows › Donnelley Financial Solutions (DFIN) › Q4 2025
Donnelley Financial Solutions (DFIN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 17, 2026
Donnelley Financial Solutions (DFIN) reported revenue of $172M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -2% from the quarter before. Operating margin was 8.3%, net earnings $6.2M (3.6% of revenue).
Donnelley Financial Solutions, Q4 2025: revenue $172M (+10% year over year), operating margin 8.3%, net earnings $6.2M, operating cash flow $59.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $172M | -2% | +10% |
| Operating profit | $14.3M | -49% | +54% |
| Net earnings | $6.2M | — | -2% |
| Operating cash flow | $59.8M | -20% | +6% |
| Free cash flow | $47.9M | — | +16% |
What changed
Revenue was $172.5M in Q4 2025, up 10% year over year and down 2% from the previous quarter. Capital Markets Compliance and Communications Management was the largest line at 36% of revenue.
Operating profit was $14.3M, a 8.3% margin (up 2.3 points year over year). Of the extra revenue versus a year earlier, 31% reached operating profit, above the 6% margin then. Total costs grew 8% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $6.2M, down 2% year over year. The effective tax rate was 38.6%.
Operating cash flow was $59.8M (up 6% year over year), 965% of net earnings. Non-cash charges added back $14.9M of depreciation and amortization and $11.1M of share-based compensation. Working capital and other items added $27.6M. After capital expenditures ($11.9M), free cash flow as the company reports it was $47.9M.
Questions
What was Donnelley Financial Solutions' revenue in the fourth quarter 2025?
Donnelley Financial Solutions (DFIN) reported revenue of $172M for the fourth quarter 2025 (Q4 2025), +10% from a year earlier and -2% from the quarter before.
Was Donnelley Financial Solutions profitable in the fourth quarter 2025?
Operating profit was $14.3M (8.3% of revenue) and net earnings $6.2M.