Deluxe (DLX) Gross Margin (2009 - 2026)
Deluxe (DLX) posted Gross Margin of 51.92% for Q1 2026, little changed on a QoQ basis from 52.18% in Q4 2025, and down 46.0% year-over-year from 96.15% in Q1 2025.
Deluxe (DLX) Gross Margin (2009 - 2026) Analysis & Trends
Deluxe's Gross Margin history runs 18 years deep, the most recent figure standing at 51.92% for Q1 2026.
- Quarterly Gross Margin fell 46.0% year-over-year to 51.92% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 52.89% (down 5.0% YoY) and the FY2025 annual result came in at 53.0%, down 8.0% from the prior year.
- Gross Margin was 51.92% for Q1 2026 at Deluxe, roughly flat from 52.18% 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.
- A 5-year average of 53.17% and a median of 53.08% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin plunged 436 bps — and 2024, when it surged 92 bps.
- Deluxe's 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 retreated by 0 bps to 52.18% in 2025, then slipped by 0 bps to 51.92% in 2026.
- Business Quant data shows DLX's Gross Margin at 51.92% in Q1 2026, 52.18% in Q4 2025, and 53.88% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | 3M | 88.13 Bn | 84.85 Bn | 2.68 Bn | 41.28% |
| 2 | Honeywell International | 78.15 Bn | 66.84 Bn | 3.65 Bn | 37.59% |
| 3 | Valmont Industries | 9.52 Bn | 9.36 Bn | 316.88 Mn | 30.79% |
| 4 | Brookfield Business | 6.56 Bn | 5.50 Bn | 1.31 Bn | 20.35% |
| 5 | Seaboard | 4.44 Bn | 3.30 Bn | 217.00 Mn | 9.04% |
| 6 | Otter Tail | 3.87 Bn | 3.47 Bn | 239.49 Mn | 69.01% |
| 7 | Tetra Technologies | 1.18 Bn | 1.14 Bn | 38.23 Mn | 24.46% |
| 8 | Deluxe | 1.16 Bn | 1.13 Bn | 279.40 Mn | 51.92% |
| 9 | Matthews International | 843.71 Mn | 807.63 Mn | 101.98 Mn | 39.43% |
| 10 | Compass Diversified Holdings | 745.59 Mn | 813.24 Mn | 189.36 Mn | 44.36% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 56.80% |