Growth Metrics

Deluxe (DLX) Operating Margin (2016 - 2026)

Deluxe filings provide 17 years of Operating Margin readings, the most recent being 8.91% for Q4 2025.

  • On a quarterly basis, Operating Margin fell 13.0% to 8.91% in Q4 2025 year-over-year; TTM through Dec 2025 was 10.89%, a 184.0% increase, with the full-year FY2025 number at 10.89%, up 184.0% from a year prior.
  • Operating Margin hit 8.91% in Q4 2025 for Deluxe, down from 14.04% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 14.04% in Q3 2025 to a low of 4.01% in Q3 2023.
  • Median Operating Margin over the past 5 years was 8.21% (2021), compared with a mean of 8.37%.
  • Biggest five-year swings in Operating Margin: skyrocketed 2066bps in 2021 and later crashed -349bps in 2023.
  • Deluxe's Operating Margin stood at 7.6% in 2021, then grew by 6bps to 8.05% in 2022, then rose by 18bps to 9.48% in 2023, then decreased by -5bps to 9.05% in 2024, then decreased by -1bps to 8.91% in 2025.
  • The last three reported values for Operating Margin were 8.91% (Q4 2025), 14.04% (Q3 2025), and 11.66% (Q2 2025) per Business Quant data.