Filing Flows › Deluxe (DLX) › Q3 2026 › vs Q3 2025
Deluxe (DLX) Q3 2026 vs Q3 2025 (year over year)
Deluxe's revenue rose $13.7M (+3%) from $540M in Q3 2025 to $554M in Q3 2026. The biggest changes: Service +$26.5M (+9%); Product −$12.8M (-5%). Operating margin 9.5% against 14.0% (-4.5 pts).
Deluxe, Q3 2026: revenue $554M (+2% year over year), operating margin 9.5%, net earnings $13.0M, operating cash flow $82.0M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 9.5% | 14.0% | -4.5 pts |
| Net margin | 2.3% | 6.2% | -3.9 pts |
| Free cash flow margin | 8.8% | 8.1% | +0.7 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Checks | $163M | $173M | −$10.0M | -6% |
| Merchant services solutions | $135M | $98.0M | $37.1M | +38% |
| Data-driven marketing | $98.5M | $84.6M | $13.9M | +16% |
| Treasury management solutions | $60.9M | $56.1M | $4.8M | +9% |
| Forms and other business products | $41.6M | $54.6M | −$13.0M | -24% |
| Promotional solutions | $34.0M | $52.3M | −$18.3M | -35% |
| Other payment solutions | $16.4M | $17.0M | −$600K | -4% |
| Other web based solutions | $4.4M | $4.6M | −$200K | -4% |
| Service | $314M | $288M | $26.5M | +9% |
| Product | $239M | $252M | −$12.8M | -5% |
| Revenue | $554M | $540M | $13.7M | +3% |
| Operating profit | $52.7M | $75.8M | −$23.1M | -30% |
| Pre-tax earnings | $19.7M | $47.2M | −$27.5M | -58% |
| Other expense, net | $33.0M | $28.6M | $4.4M | +15% |
| SG&A | $226M | $212M | $13.8M | +6% |
| Other operating costs | $8.7M | $2.9M | $5.8M | +199% |
| Net earnings | $13.0M | $33.7M | −$20.7M | -61% |
| Income tax | $6.7M | $13.5M | −$6.8M | -50% |
| Depreciation & amortization | $45.4M | $32.3M | $13.1M | +41% |
| Share-based compensation | $6.5M | $6.0M | $500K | +8% |
| Working capital & other | $17.1M | −$4.9M | $22.0M | — |
| Operating cash flow | $82.0M | $67.1M | $14.9M | +22% |
| Free cash flow (OCF − capex) | $49.0M | $43.8M | $5.2M | +12% |
| Capital expenditures | $33.0M | $23.3M | $9.7M | +42% |
Questions
How much did Deluxe's revenue grow year over year in Q3 2026?
Deluxe's revenue rose $13.7M (+3%) from $540M in Q3 2025 to $554M in Q3 2026.
What drove Deluxe's revenue change in Q3 2026?
Service +$26.5M (+9%); Product −$12.8M (-5%).