Filing Flows › Deluxe (DLX) › Q1 2026
Deluxe (DLX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Deluxe (DLX) reported revenue of $538M for the first quarter 2026 (Q1 2026), +0.3% from a year earlier and +0.5% from the quarter before. Operating margin was 13.3%, net earnings $35.8M (6.7% of revenue).
Deluxe, Q1 2026: revenue $538M (+0.3% year over year), operating margin 13.3%, net earnings $35.8M, operating cash flow $52.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $538M | +0.5% | +0.3% |
| Operating profit | $71.8M | +51% | +49% |
| Net earnings | $35.8M | +199% | +156% |
| Operating cash flow | $52.7M | -48% | +5% |
| Free cash flow | $27.3M | — | +12% |
What changed
Revenue was $538.1M in Q1 2026, roughly flat year over year and up 1% from the previous quarter. Checks was the largest line at 31% of revenue. Data-driven marketing added $20.5M year over year (up 28%), 1281% of the total change. Promotional solutions declined 21%.
Operating profit was $71.8M, a 13.3% margin (up 4.4 points year over year). Of the extra revenue versus Q1 2025, 1481% reached operating profit, above the 9% margin then. Net earnings were $35.8M, up 156% year over year. The effective tax rate was 23.2%.
Operating cash flow was $52.7M (up 5% year over year), 147% of net earnings. Non-cash charges added back $36.7M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $26.5M. After purchases of capital assets ($25.4M), free cash flow as the company reports it was $27.3M.
Questions
What was Deluxe's revenue in the first quarter 2026?
Deluxe (DLX) reported revenue of $538M for the first quarter 2026 (Q1 2026), +0.3% from a year earlier and +0.5% from the quarter before.
Was Deluxe profitable in the first quarter 2026?
Operating profit was $71.8M (13.3% of revenue) and net earnings $35.8M.
Source: Deluxe 10-Q on SEC EDGAR.