Deluxe (DLX) Net Margin (2009 - 2026)
Deluxe's (DLX) quarterly Net Margin came in at 3.85% in Q2 2026, down 45.0% on a YoY basis from 6.99% in Q2 2025, and down 42.2% quarter-over-quarter from 6.65% in Q1 2026.
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Analysis
Deluxe (DLX) Net Margin (2009 - 2026) Analysis & Trends
Deluxe (DLX) has reported Net Margin for 18 consecutive years, with 3.85% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 45.0% year-over-year to 3.85%; the trailing twelve-month figure through Jun 2026 stood at 4.77% (up 202.0% YoY), and the FY2025 full-year result was 3.85%, up 136.0% from the prior year.
- Net Margin retreated to 3.85% in Q2 2026 per DLX's latest filing, from 6.65% in the prior quarter.
- Across five years, Net Margin topped out at 6.65% in Q1 2026 and bottomed at 1.48% in Q3 2023.
- Historically, Net Margin has averaged 2.95% across 5 years, with a median of 2.72% in 2022.
- The sharpest annual moves came in 2023 and 2025: Net Margin sank 414 bps in 2023, then surged 455 bps in 2025.
- Over 5 years, Net Margin stood at 4.29% in 2022, then sank by 35 bps to 2.79% in 2023, then declined by 13 bps to 2.42% in 2024, then slipped by 8 bps to 2.24% in 2025, then soared by 72 bps to 3.85% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 3.85%, 6.65%, and 2.24% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 49.27 Bn | 42.81 Bn | 3.17 Bn | 1.32% |
| 2 | PayPal Holdings | 46.69 Bn | 35.44 Bn | - | 12.72% |
| 3 | Corpay | 26.91 Bn | 19.91 Bn | 1.19 Bn | 18.81% |
| 4 | Fiserv | 26.42 Bn | 25.79 Bn | 3.59 Bn | 11.70% |
| 5 | Global Payments | 23.96 Bn | 18.55 Bn | 2.03 Bn | 0.22% |
| 6 | Wex | 6.61 Bn | 507.71 Mn | 463.80 Mn | 14.41% |
| 7 | Aci Worldwide | 5.28 Bn | 5.11 Bn | 181.57 Mn | 7.39% |
| 8 | Paymentus Holdings | 4.55 Bn | 4.18 Bn | 94.31 Mn | 7.09% |
| 9 | dLocal | 4.38 Bn | 3.50 Bn | 127.15 Mn | 13.67% |
| 10 | Deluxe | 1.08 Bn | 1.05 Bn | 259.60 Mn | 3.85% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.85% |
| Mar 31, 2026 | 6.65% |
| Dec 31, 2025 | 2.24% |
| Sep 30, 2025 | 6.25% |
| Jun 30, 2025 | 4.30% |
| Mar 31, 2025 | 2.61% |
| Dec 31, 2024 | 2.42% |
| Sep 30, 2024 | 1.70% |
| Jun 30, 2024 | 3.81% |
| Mar 31, 2024 | 2.02% |
| Dec 31, 2023 | 2.79% |
| Sep 30, 2023 | -1.48% |
| Jun 30, 2023 | 2.87% |
| Mar 31, 2023 | 0.51% |
| Dec 31, 2022 | 4.29% |
| Sep 30, 2022 | 2.66% |
| Jun 30, 2022 | 3.93% |
| Mar 31, 2022 | 1.74% |
| Dec 31, 2021 | 2.42% |
| Sep 30, 2021 | 2.35% |