Revenue: As of FY2025, the actual value is USD 2.133 B, beating the estimate of USD 2.115 B.EPS: As of FY2025, the actual value is USD 1.87, missing the estimate of USD 2.03.EBIT: As of FY2025, the actual value is USD 245.2 M.<h3>Financial Highlights - Full Year 2025 vs. 2024</h3><h4>Revenue</h4>Deluxe Corporation reported total revenue of $2,133.2 million in 2025, a 0.5% increase from $2,121.8 million in 2024. Comparable adjusted revenue was $2,133.2 million in 2025, up 1.1% from $2,111.0 million in 2024.<h4>Net Income</h4>Net income for 2025 was $85.3 million, marking a 61.2% increase from $52.9 million in 2024.<h4>Profitability Metrics</h4>Operating income was $236.5 million in 2025, compared to $192.2 million in 2024. EBITDA stood at $378.9 million in 2025, up from $365.2 million in 2024. Comparable adjusted EBITDA increased by 6.2% to $431.5 million in 2025 from $406.5 million in 2024. The comparable adjusted EBITDA margin was 20.2% in 2025, an increase of 90 basis points from 19.3% in 2024.<h4>Operational Costs</h4>Cost of revenue was - $1,002.3 million in 2025, compared to - $995.3 million in 2024. Selling, general and administrative expense was - $869.4 million in 2025, compared to - $909.2 million in 2024. Restructuring and integration expense decreased to - $19.3 million in 2025 from - $48.6 million in 2024. Asset impairment charges were - $5.7 million in 2025, compared to - $7.7 million in 2024. Interest expense was - $122.0 million in 2025, compared to - $123.3 million in 2024. Income tax provision was - $37.9 million in 2025, compared to - $23.6 million in 2024. Depreciation and amortization expense was $133.8 million in 2025, compared to $165.5 million in 2024.<h4>Cash Flow</h4>Cash from operating activities increased to $270.6 million in 2025 from $194.3 million in 2024. Free cash flow was $175.3 million in 2025, an increase of $75.3 million from $100.0 million in 2024. Purchases of capital assets were - $95.3 million in 2025, compared to - $94.3 million in 2024.<h4>Debt Management</h4>Total debt was reduced by $73.7 million in 2025. Net debt was reduced by $76.2 million in 2025, reaching $1,392.5 million as of December 31, 2025, down from $1,468.7 million as of December 31, 2024.<h3>Financial Highlights - Fourth Quarter 2025 vs. 2024</h3><h4>Revenue</h4>Total revenue for Q4 2025 was $535.3 million, a 2.8% increase from $520.5 million in Q4 2024. Comparable adjusted revenue was $535.3 million in Q4 2025, up 2.9% from $520.1 million in Q4 2024.<h4>Net Income</h4>Net income for Q4 2025 was $15.1 million, a 19.8% increase from $12.6 million in Q4 2024.<h4>Profitability Metrics</h4>Operating income for Q4 2025 was $51.8 million, compared to $47.1 million in Q4 2024. EBITDA was $87.1 million in Q4 2025, compared to $85.9 million in Q4 2024. Comparable adjusted EBITDA increased by 2.5% to $106.0 million in Q4 2025 from $103.4 million in Q4 2024. The comparable adjusted EBITDA margin was 19.8% in Q4 2025, down 10 basis points from 19.9% in Q4 2024.<h4>Operational Costs</h4>Cost of revenue was - $255.8 million in Q4 2025, compared to - $248.2 million in Q4 2024. Selling, general and administrative expense was - $217.4 million in Q4 2025, compared to - $213.5 million in Q4 2024. Restructuring and integration expense decreased to - $4.6 million in Q4 2025 from - $12.7 million in Q4 2024. Asset impairment charges were - $5.7 million in Q4 2025, compared to - $1.0 million in Q4 2024. Interest expense was - $29.3 million in Q4 2025, compared to - $32.4 million in Q4 2024. Income tax provision was - $9.9 million in Q4 2025, compared to - $3.1 million in Q4 2024. Depreciation and amortization expense was $32.8 million in Q4 2025, compared to $37.8 million in Q4 2024.<h3>Segment Revenue - Full Year 2025 vs. 2024</h3><ul><li>Merchant Services: $398.6 million in 2025, up from $384.0 million in 2024.</li><li>B2B Payments: $290.5 million in 2025, up from $287.9 million in 2024.</li><li>Data Solutions: $307.3 million in 2025, up from $234.0 million in 2024.</li><li>Print: $1,136.8 million in 2025, down from $1,205.1 million in 2024.</li></ul><h3>Segment Adjusted EBITDA - Full Year 2025 vs. 2024</h3><ul><li>Merchant Services: $85.9 million in 2025, up from $78.5 million in 2024.</li><li>B2B Payments: $64.4 million in 2025, up from $57.1 million in 2024.</li><li>Data Solutions: $86.4 million in 2025, up from $60.5 million in 2024.</li><li>Print: $366.9 million in 2025, down from $376.6 million in 2024.</li></ul><h3>Segment Adjusted EBITDA Margin - Full Year 2025 vs. 2024</h3><ul><li>Merchant Services: 21.6% in 2025, up from 20.4% in 2024.</li><li>B2B Payments: 22.2% in 2025, up from 19.8% in 2024.</li><li>Data Solutions: 28.1% in 2025, up from 25.9% in 2024.</li><li>Print: 32.3% in 2025, up from 31.3% in 2024.</li></ul><h3>Segment Revenue - Fourth Quarter 2025 vs. 2024</h3><ul><li>Merchant Services: $101.5 million in Q4 2025, up from $95.5 million in Q4 2024.</li><li>B2B Payments: $76.3 million in Q4 2025, up from $73.0 million in Q4 2024.</li><li>Data Solutions: $73.0 million in Q4 2025, up from $55.9 million in Q4 2024.</li><li>Print: $284.5 million in Q4 2025, down from $295.7 million in Q4 2024.</li></ul><h3>Segment Adjusted EBITDA - Fourth Quarter 2025 vs. 2024</h3><ul><li>Merchant Services: $22.3 million in Q4 2025, up from $20.2 million in Q4 2024.</li><li>B2B Payments: $18.7 million in Q4 2025, up from $14.5 million in Q4 2024.</li><li>Data Solutions: $17.3 million in Q4 2025, up from $12.3 million in Q4 2024.</li><li>Print: $92.2 million in Q4 2025, down from $94.4 million in Q4 2024.</li></ul><h3>Segment Adjusted EBITDA Margin - Fourth Quarter 2025 vs. 2024</h3><ul><li>Merchant Services: 22.0% in Q4 2025, up from 21.2% in Q4 2024.</li><li>B2B Payments: 24.5% in Q4 2025, up from 19.9% in Q4 2024.</li><li>Data Solutions: 23.7% in Q4 2025, up from 22.0% in Q4 2024.</li><li>Print: 32.4% in Q4 2025, up from 31.9% in Q4 2024.</li></ul><h3>Outlook for Full Year 2026</h3>Deluxe Corporation expects full year 2026 revenue to be between $2.11 billion and $2.175 billion, with adjusted EBITDA projected to be $445 million to $470 million. The company anticipates adjusted diluted EPS of $3.90 to $4.30 and free cash flow of approximately $200 million.

Deluxe | 8-K: FY2025 Revenue Beats Estimate at USD 2.133 B