Deluxe (DLX) Operating Expenses (2009 - 2026)
Deluxe's (DLX) quarterly Operating Expenses came in at $203.9 million in Q2 2026, down 6.68% on a YoY basis from $218.5 million in Q2 2025, and down 4.14% quarter-over-quarter from $212.7 million in Q1 2026.
Analysis
Deluxe (DLX) Operating Expenses (2009 - 2026) Analysis & Trends
Deluxe (DLX) has reported Operating Expenses for 18 consecutive years, with $203.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 6.68% year-over-year to $203.9 million; the trailing twelve-month figure through Jun 2026 stood at $857.7 million (down 6.4% YoY), and the FY2025 full-year result was $892.6 million, down 6.81% from the prior year.
- Operating Expenses declined to $203.9 million in Q2 2026 per DLX's latest filing, from $212.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $275.9 million in Q1 2022 and bottomed at $203.9 million in Q2 2026.
- Historically, Operating Expenses has averaged $242.1 million across 5 years, with a median of $246.1 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses rose 21.7% in 2022, then fell 10.77% in 2025.
- Over 5 years, Operating Expenses stood at $256.0 million in 2022, then dropped by 3.39% to $247.4 million in 2023, then retreated by 8.54% to $226.2 million in 2024, then retreated by 0.16% to $225.9 million in 2025, then decreased by 9.73% to $203.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $203.9 million, $212.7 million, and $225.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 49.27 Bn | 42.81 Bn | 3.17 Bn | 2.72 Bn |
| 2 | PayPal Holdings | 45.80 Bn | 34.55 Bn | - | 7.26 Bn |
| 3 | Corpay | 26.72 Bn | 19.71 Bn | 1.19 Bn | 260.40 Mn |
| 4 | Fiserv | 25.99 Bn | 25.36 Bn | 3.59 Bn | 4.28 Bn |
| 5 | Global Payments | 23.59 Bn | 18.18 Bn | 2.03 Bn | 2.98 Bn |
| 6 | Wex | 6.46 Bn | 360.75 Mn | 463.80 Mn | 233.50 Mn |
| 7 | Aci Worldwide | 5.26 Bn | 5.10 Bn | 181.57 Mn | 385.77 Mn |
| 8 | Paymentus Holdings | 4.42 Bn | 4.04 Bn | 94.31 Mn | 61.69 Mn |
| 9 | dLocal | 4.27 Bn | 3.40 Bn | 127.15 Mn | -46.35 Mn |
| 10 | Deluxe | 1.09 Bn | 1.05 Bn | 259.60 Mn | 203.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 203.90 Mn |
| Mar 31, 2026 | 212.70 Mn |
| Dec 31, 2025 | 225.87 Mn |
| Sep 30, 2025 | 215.27 Mn |
| Jun 30, 2025 | 218.50 Mn |
| Mar 31, 2025 | 232.90 Mn |
| Dec 31, 2024 | 226.22 Mn |
| Sep 30, 2024 | 238.80 Mn |
| Jun 30, 2024 | 244.88 Mn |
| Mar 31, 2024 | 247.90 Mn |
| Dec 31, 2023 | 247.35 Mn |
| Sep 30, 2023 | 256.83 Mn |
| Jun 30, 2023 | 269.55 Mn |
| Mar 31, 2023 | 260.57 Mn |
| Dec 31, 2022 | 256.03 Mn |
| Sep 30, 2022 | 259.00 Mn |
| Jun 30, 2022 | 264.81 Mn |
| Mar 31, 2022 | 275.94 Mn |
| Dec 31, 2021 | 272.17 Mn |
| Sep 30, 2021 | 251.59 Mn |