EarningsQ1 2026 Earnings Report
DE:DL8 Q1 2026 EPS Results
Actual EPS€0.93
Consensus EPS€0.77
Beat/MissBeat by +€0.16
One Year Ago EPS€0.67
DE:DL8 Q1 2026 Revenue Results
Actual Revenue€477.91M
Expected Revenue€475.13M
Beat/MissBeat by +€2.78M
YoY Revenue Growth+0.30%
Earnings Announcement Details
QuarterQ1 2026
Date05/06/2026
TimeBefore Open
Conference CallWednesday, May 6, 2026
DE:DL8 Upcoming Earnings
Deluxe's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
DE:DL8 Q1 2026 Earnings Call
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Q1 2026 Earnings Slide Deck
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple notable operational and financial wins: strong adjusted EBITDA and EPS expansion, robust growth in Data and Merchant Services, disciplined SG&A reductions, meaningful free cash flow generation, strategic partnerships, AI-driven efficiency gains and reaching the 3x net leverage target ahead of schedule. These strengths offset continuing declines in the Print segment (revenue down ~5.9%) and modest overall revenue growth (0.3% reported, 2.7% comparable). Management maintained full-year free cash flow guidance and provided updated ranges that reflect the Safeguard divestiture while forecasting moderate top-line growth. On balance, the company presented a clear transformation story with expanding profitability and balance sheet progress despite legacy print headwinds and moderation risk in data growth.Company Guidance
Strong Adjusted EBITDA and Margin Expansion
Adjusted EBITDA of $117.9M, up 19.7% on a comparable adjusted basis; adjusted EBITDA margin expanded to 21.9%, up 310 basis points year-over-year.
Material EPS Improvement
Adjusted diluted EPS of $1.05 versus $0.72 a year ago, an increase of ~45% on a comparable adjusted basis; GAAP net income of $35.8M ($0.77/sh) versus $14M ($0.31/sh) in Q1 2025.
Payments & Data Mix Shift — Majority of Revenue
Combined Payments and Data now represent 51% of total revenue (first time Payments & Data > Print in company history); combined Payments and Data revenue grew a blended 12.5% year-over-year.
Data Solutions Outperformance
Data Solutions revenue of $97.5M, up 26.3% year-over-year; Data adjusted EBITDA $22.8M, up 15.7% with margins around the low-to-mid 20s.
Merchant and B2B Payments Growth with Margin Gains
Merchant Services revenue $104.9M, up 7.3% YoY; merchant adjusted EBITDA $26.8M, up 25.2% with margin expanding 360 bps to 25.5%. B2B revenue $73.5M, up 4.7% with adjusted EBITDA growth ~29.3% and margin of 23.4%.
Debt Reduction and Leverage Target Achieved Early
Net debt $1.37B (down $22.6M from year-end 2025) and net leverage improved to 3.0x (from 3.6x a year ago), achieving the long-term 3x target three quarters ahead of schedule; total debt reduced by more than $30M from year-end levels.
Free Cash Flow Strength and Guidance Maintained
Q1 free cash flow $27.3M, up $3.0M YoY (~12% YoY according to management); full-year free cash flow guidance maintained at approx. $200M, reflecting ~14% growth vs 2025.
Operational Efficiency and Cost Control
SG&A reduced by just over 7% year-over-year, delivering the 13th consecutive quarter of comparable adjusted EBITDA expansion and continued margin expansion across segments.
Strategic Wins and Technology Adoption
Signed strategic merchant/ISV partnerships (Washington Trust Bank; MRI Software) supporting go-to-market and cross-sell; deployed Gen AI across data campaigns and B2B lockbox processing (management cites ~2/3 reduction in manual intervention).
Print Margin Resilience
Print adjusted EBITDA $85.7M with margins improving 70 basis points to 32.7% despite revenue declines, reflecting operational discipline in print manufacturing and margin-focused offerings.
DE:DL8 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed