Deluxe (DLX) Operating Margin (2009 - 2026)
Deluxe's (DLX) quarterly Operating Margin came in at 11.16% in Q2 2026, down 51.0% on a YoY basis from 22.77% in Q2 2025, and down 16.4% quarter-over-quarter from 13.34% in Q1 2026.
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Deluxe (DLX) Operating Margin (2009 - 2026) Analysis & Trends
Deluxe (DLX) has reported Operating Margin for 18 consecutive years, with 11.16% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin fell 51.0% year-over-year to 11.16%; the trailing twelve-month figure through Jun 2026 stood at 11.88% (up 250.0% YoY), and the FY2025 full-year result was 10.89%, up 184.0% from the prior year.
- Operating Margin declined to 11.16% in Q2 2026 per DLX's latest filing, from 13.34% in the prior quarter.
- Across five years, Operating Margin topped out at 14.04% in Q3 2025 and bottomed at 4.01% in Q3 2023.
- Historically, Operating Margin has averaged 9.1% across 5 years, with a median of 9.01% in 2024.
- The sharpest annual moves came in 2023 and 2025: Operating Margin tumbled 349 bps in 2023, then jumped 617 bps in 2025.
- Over 5 years, Operating Margin stood at 8.05% in 2022, then rose by 18 bps to 9.48% in 2023, then decreased by 5 bps to 9.05% in 2024, then fell by 1 bps to 8.91% in 2025, then gained by 25 bps to 11.16% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 11.16%, 13.34%, and 8.91% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 49.27 Bn | 42.81 Bn | 3.17 Bn | 6.75% |
| 2 | PayPal Holdings | 45.88 Bn | 34.63 Bn | - | 16.44% |
| 3 | Corpay | 26.89 Bn | 19.89 Bn | 1.19 Bn | 35.28% |
| 4 | Fiserv | 26.19 Bn | 25.56 Bn | 3.59 Bn | 19.18% |
| 5 | Global Payments | 23.58 Bn | 18.17 Bn | 2.03 Bn | 10.15% |
| 6 | Wex | 6.52 Bn | 413.67 Mn | 463.80 Mn | 26.97% |
| 7 | Aci Worldwide | 5.24 Bn | 5.08 Bn | 181.57 Mn | 10.37% |
| 8 | Paymentus Holdings | 4.43 Bn | 4.05 Bn | 94.31 Mn | 9.04% |
| 9 | dLocal | 4.23 Bn | 3.36 Bn | 127.15 Mn | 16.05% |
| 10 | Deluxe | 1.07 Bn | 1.04 Bn | 259.60 Mn | 11.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.16% |
| Mar 31, 2026 | 13.34% |
| Dec 31, 2025 | 8.91% |
| Sep 30, 2025 | 14.04% |
| Jun 30, 2025 | 11.66% |
| Mar 31, 2025 | 8.97% |
| Dec 31, 2024 | 9.05% |
| Sep 30, 2024 | 7.87% |
| Jun 30, 2024 | 11.03% |
| Mar 31, 2024 | 8.27% |
| Dec 31, 2023 | 9.48% |
| Sep 30, 2023 | 4.01% |
| Jun 30, 2023 | 9.47% |
| Mar 31, 2023 | 6.26% |
| Dec 31, 2022 | 8.05% |
| Sep 30, 2022 | 7.50% |
| Jun 30, 2022 | 9.16% |
| Mar 31, 2022 | 5.55% |
| Dec 31, 2021 | 7.60% |
| Sep 30, 2021 | 6.84% |