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Deluxe DLX Merchant services solutions — Revenue

Other product segments

Checks
$165.5M
Merchant services revenue
$107.6M+6.1%
Data-driven marketing
$77.7M+23.3%
Treasury management solutions
$57.1M+4.8%
Forms and other business products
$39.4M
Promotional solutions
$31M-41.7%
Other payment solutions
$16.45M-0.4%
Other web based solutions
$4.6M-4.2%

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$18.62M+14.7%
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$41.13M+3.7%
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LSAKMerchant — Revenue
$127.08M-1.3%
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CCBMerchant service fees — Revenue
$123.75K+1.6%

Other financials

Income statement

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Revenue$499.3M-4.2%
Gross profit$259.6M-7.1%
Operating income$55.7M-8.4%
Net income$19.1M-14.7%
EPS (diluted)$0.41-18.0%

Balance sheet

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Cash & equivalents$54.4M+31.1%
Total debt$1.5B-5.8%
Total equity$707.9M+10.8%
Total assets$2.6B+1.1%

Cash flow

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Operating cash flow$81.2M+58.9%
CapEx$22.6M-3.0%
Free cash flow$58.6M+111%

Valuation

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Market cap$1.19B+66.6%
Enterprise value$2.61B+16.7%
P/E11.9×-0.5×
P/S0.6×+0.2×

Profitability

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Gross margin52.5%-0.4pp
Operating margin11.9%+2.5pp
Net margin4.8%+2.0pp
FCF margin9.9%+3.5pp

Returns & leverage

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Return on equity14.9%+5.7pp
Debt / equity2.1×-0.4×
Current ratio1.2×+0.3×

Where this comes from

Reported directly by Deluxe in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Deluxe’s 10-K, filed February 13, 2026.

Filed
Feb 13, 2026, 9:35 AM EST
Fiscal year
FY2025
Accession
0000027996-26-000037
(in millions)Year Ended December 31, 2025 / Merchant ServicesYear Ended December 31, 2025 / B2BPaymentsYear Ended December 31, 2025 / Data SolutionsYear Ended December 31, 2025 / PrintConsolidated
Checks$690.0$690.0
Merchant services solutions398.6398.6
Data-driven marketing288.1288.1
Forms and other business products224.8224.8
Treasury management solutions224.7224.7
Promotional solutions222.0222.0
Other payment solutions65.865.8
Other web-based solutions19.219.2

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Deluxe's merchant services solutions — revenue?
Deluxe (DLX) reported merchant services solutions — revenue of $99.65M in Q4 2025.
How has Deluxe's merchant services solutions — revenue changed year-over-year?
Deluxe's merchant services solutions — revenue increased by 3.8% year-over-year, from $96M to $99.65M.
What is the long-term trend for Deluxe's merchant services solutions — revenue?
Over 2 years (2023 to 2025), Deluxe's merchant services solutions — revenue has grown at a 4.6% compound annual growth rate (CAGR), from $364.2M to $398.6M.
What does merchant services solutions — revenue mean?
This metric represents the total gross revenue generated from merchant payment processing services, including in-store, online, and mobile transaction solutions. It reflects the company's ability to capture market share and monetize payment facilitation services provided to business clients. Growth in this area indicates successful adoption of the company's payment technology stack and expansion within the merchant services ecosystem.

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