Deluxe (DLX) Gross Margin (2009 - 2026)
Deluxe's (DLX) quarterly Gross Margin came in at 51.99% in Q2 2026, down 158.0% on a YoY basis from 89.64% in Q2 2025, and little changed quarter-over-quarter from 51.92% in Q1 2026.
Analysis
Deluxe (DLX) Gross Margin (2009 - 2026) Analysis & Trends
Deluxe (DLX) has reported Gross Margin for 18 consecutive years, with 51.99% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 158.0% year-over-year to 51.99%; the trailing twelve-month figure through Jun 2026 stood at 52.51% (down 39.0% YoY), and the FY2025 full-year result was 53.0%, down 8.0% from the prior year.
- Gross Margin was little changed at 51.99% in Q2 2026 per DLX's latest filing, from 51.92% in the prior quarter.
- Across five years, Gross Margin topped out at 55.18% in Q1 2022 and bottomed at 51.92% in Q1 2026.
- Historically, Gross Margin has averaged 53.11% across 5 years, with a median of 53.04% in 2022.
- The sharpest annual moves came in 2022 and 2024: Gross Margin slumped 436 bps in 2022, then soared 92 bps in 2024.
- Over 5 years, Gross Margin stood at 53.44% in 2022, then retreated by 1 bps to 52.76% in 2023, then retreated by 1 bps to 52.3% in 2024, then decreased by 0 bps to 52.18% in 2025, then decreased by 0 bps to 51.99% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 51.99%, 51.92%, and 52.18% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 49.27 Bn | 42.81 Bn | 3.17 Bn | 47.84% |
| 2 | PayPal Holdings | 46.06 Bn | 34.80 Bn | - | - |
| 3 | Corpay | 26.81 Bn | 19.80 Bn | 1.19 Bn | 88.75% |
| 4 | Fiserv | 26.16 Bn | 25.53 Bn | 3.59 Bn | 67.76% |
| 5 | Global Payments | 23.71 Bn | 18.30 Bn | 2.03 Bn | 61.04% |
| 6 | Wex | 6.52 Bn | 422.69 Mn | 463.80 Mn | 61.55% |
| 7 | Aci Worldwide | 5.23 Bn | 5.06 Bn | 181.57 Mn | 42.18% |
| 8 | Paymentus Holdings | 4.44 Bn | 4.06 Bn | 94.31 Mn | 26.14% |
| 9 | dLocal | 4.33 Bn | 3.46 Bn | 127.15 Mn | 31.81% |
| 10 | Deluxe | 1.07 Bn | 1.03 Bn | 259.60 Mn | 51.99% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.99% |
| Mar 31, 2026 | 51.92% |
| Dec 31, 2025 | 52.18% |
| Sep 30, 2025 | 53.88% |
| Jun 30, 2025 | 53.57% |
| Mar 31, 2025 | 52.39% |
| Dec 31, 2024 | 52.30% |
| Sep 30, 2024 | 53.34% |
| Jun 30, 2024 | 53.70% |
| Mar 31, 2024 | 53.00% |
| Dec 31, 2023 | 52.76% |
| Sep 30, 2023 | 52.56% |
| Jun 30, 2023 | 52.78% |
| Mar 31, 2023 | 54.04% |
| Dec 31, 2022 | 53.44% |
| Sep 30, 2022 | 53.84% |
| Jun 30, 2022 | 53.08% |
| Mar 31, 2022 | 55.18% |
| Dec 31, 2021 | 55.30% |
| Sep 30, 2021 | 54.12% |