Slide 1: Q2 Fiscal Year 2026 Quarterly Earnings Document
SISTERS <> cimpress Q2 Fiscal Year 2026 Quarterly Earnings Document January 28, 2026 ®
Slide 2: Letter from Robert
LETTER FROM ROBERT JANUARY 28, 2026 Dear Investor, Cimpress maintained positive momentum in the second quarter of FY2026, achieving our first-ever quarter with revenue above $1 billion, and growing profit year over year. As was the case in Q1, revenue growth continued to outpace our annual revenue g
Slide 3: Letter from Robert (continued)
through insurance in future periods. Year-over-year currency movements benefited Vista segment EBITDA by $3.3 million. VistaPrint variable gross profit per customer at reported currency rates grew 9% year over year to $75.90 in Q2, a reflection of continued improvement in our ability to serve higher
Slide 4: Manufacturing, technology and collaboration
• Manufacturing: We are seeing steady increases in cross-Cimpress fulfillment and our manufacturing investments are proceeding as planned with the build-out of focused production hubs to enable significant further COGS benefits. • Technology: In addition to initiatives focused on AI, we are increasi
Slide 5: Summary Consolidated Results: Three-Year Trend
SUMMARY CONSOLIDATED RESULTS: THREE-YEAR TREND $ in thousands, except percentages REVENUE BY REPORTABLE SEGMENT, TOTAL REVENUE, INCOME FROM OPERATIONS, AND NET INCOME: Q2 FY2024 Q2 FY2025 Q2 FY2026 YTD FY2024 YTD FY2025 YTD FY2026 Vista 1 $ 485,496 $ 497,742 $ 532,827 $ 882,386 $ 927,318 $ 987,736 P
Slide 6: Summary Consolidated Results: Three-Year Trend (Continued)
SUMMARY CONSOLIDATED RESULTS: THREE-YEAR TREND (CONTINUED) $ in thousands CASH FLOW AND OTHER METRICS: Q2 FY2024 Q2 FY2025 Q2 FY2026 YTD FY2024 YTD FY2025 YTD FY2026 Net cash provided by (used in) operating $ 174,946 $ 176,519 $ 164,661 $ 217,200 $ 180,903 $ 189,720 activities Net cash provided by (
Slide 7: Income Statement Highlights
INCOME STATEMENT HIGHLIGHTS Revenue ($M) & Organic Constant-Currency Revenue Reported Revenue Growth Growth (a) $1,042 $921 $939 $833 $869 $863 $781 $805 $789 11% 9% 6% 6% 7% 6% 6% 6% 5% 4% 4% 3% 4% 4% 2% 2% 2% 1% 24 24 24 25 25 25 25 26 26 24 24 24 25 25 25 25 26 26 FY FY FY FY FY FY FY FY FY FY FY
Slide 8: Income Statement Highlights (Cont.)
INCOME STATEMENT HIGHLIGHTS (CONT.) GAAP Operating Income (Loss) ($M) GAAP Operating Income (Loss) ($M) & Margin (%) (Quarterly) & Margin (%) (TTM) $108 $247 $253 $236 $243 $88 $235 $226 $227 $226 $81 $66 $65 $183 $49 $39 $39 $41 12% 8% 9% 8% 7% 8% 8% 7% 7% 7% 7% 7% 5% 5% 5% 8% 6% 6% 24 24 24 25 25
Slide 9: Cash Flow
CASH FLOW Cash Flow from Operations ($M) Cash Flow from Operations ($M) (Quarterly) (TTM) $175 $177 $165 $351 $313 $314 $316 $319 $298 $307 $292 $287 $125 $107 $25 $8 $10 $4 24 24 24 25 25 25 25 26 26 24 24 24 25 25 25 25 26 26 FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY Q2 Q3 Q4 Q1 Q2 Q3
Slide 10: Capital Structure
CAPITAL STRUCTURE Net Debt (1, a) ($M) Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Cash / equivalents $ 274 $ 154 $ 204 $ 153 $ 224 $ 183 $ 234 $ 201 $ 258 Marketable securities $ 17 $ 6 $ 5 $ — $ — $ — $ — $ — $ — HY notes $ (522) $ (522) $ (522) $ (525) $ (525) $ (525) $ (525) $
Slide 11: Vista (Quarterly)
SEGMENT RESULTS VISTA (QUARTERLY) Revenue ($M) & Organic Constant-Currency Revenue Reported Revenue Growth Growth Quarterly (1) Quarterly (1) (a) $533 $485 $498 $467 $455 $442 $430 $431 11% $418 8% 8% 9% 7% 8% 8% 6% 6% 5% 3% 3% 5% 5% 5% 4% 4% 3% 24 24 24 25 25 25 25 26 26 24 24 24 25 25 25 25 26 26
Slide 12: Upload and Print
UPLOAD AND PRINT PRINTBROTHERS (QUARTERLY): THE PRINT GROUP (QUARTERLY): Revenue ($M) & Revenue ($M) & Reported Revenue Growth Reported Revenue Growth Quarterly (1) Quarterly (1) $220 $178 $185 200 $171 $175 26% $166 $160 $151 $156 $115 15% $106 $92 $96 $99 $97 100 $87 $84 $90 11% 8% 8% 15% 16% 6% 7
Slide 13: PrintBrothers (Quarterly): The Print Group (Quarterly)
PRINTBROTHERS (QUARTERLY): THE PRINT GROUP (QUARTERLY): Advertising ($M) & as % of Revenue Advertising ($M) & as % of Revenue Quarterly (1) Quarterly (1) $9 $8 $8 $7 $8 $7 $7 $7 $7 $7 $6 $6 $6 $5 $6 $5 $5 $5 8% 8% 8% 8% 8% 8% 8% 7% 6% 4% 4% 4% 3% 3% 3% 3% 3% 3% 24 24 24 25 25 25 25 26 26 24 24 24 25
Slide 14: National Pen (Quarterly)
NATIONAL PEN (QUARTERLY): Revenue ($M) & Organic Constant-Currency Revenue Reported Revenue Growth Growth Quarterly (1) Quarterly (1) (a) $151 $130 $131 15% $103 $94 $94 $89 $88 $84 10% 10% 10% 9% 9% 8% 8% 8% 12% 7% 5% 2% 1% 1% 1% 1% —% 24 24 24 25 25 25 25 26 26 24 24 24 25 25 25 25 26 26 FY FY FY
Slide 15: All Other Businesses (Quarterly)
ALL OTHER BUSINESSES (QUARTERLY): Revenue ($M) & Organic Constant-Currency Revenue Reported Revenue Growth Growth (Decline) Quarterly (1) $67 Quarterly (1) (a) $60 $60 $62 $57 $59 $55 $49 $51 11% 12% 10% 10% 8% 7% 8% 8% 5% 6% 4% 5% 2% 1% 1% —% —% —% 24 24 24 25 25 25 25 26 26 24 24 24 25 25 25 25 26
Slide 16: Central and Corporate Costs
CENTRAL AND CORPORATE COSTS Central and Corporate Costs ($M) Central and Corporate Costs ($M) Quarterly (1)(2) TTM (1)(2) Corporate Costs Corporate Costs Central Operating Costs Central Operating Costs MCP Investment MCP Investment Unallocated SBC Unallocated SBC $158 $159 $161 $44 $152 $154 $155 $1
Slide 17: Currency Impacts
CURRENCY IMPACTS Directional Net Currency Impacts Other Income (Expense), Net ($M) Compared to Prior-Year Periods Y/Y Impact from Currency* $32 Financial Measure Q2 FY2026 YTD FY2026 Revenue Positive Positive $3 $2 Operating income Positive Positive Net income Negative Negative $— ($1) ($4) Adjusted
Slide 18: Cimpress plc Consolidated Balance Sheets
CIMPRESS PLC CONSOLIDATED BALANCE SHEETS (unaudited in thousands, except share and per share data) December 31, June 30, 2025 2025 Assets Current assets: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Slide 19: Cimpress plc Consolidated Statements of Operations
CIMPRESS PLC CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited in thousands, except share and per share data) Three Months Ended Six Months Ended December 31, December 31, 2025 2024 2025 2024 Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slide 20: Cimpress plc Consolidated Statements of Cash Flows
CIMPRESS PLC CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited in thousands) Three Months Ended Six Months Ended December 31, December 31, 2025 2024 2025 2024 Operating activities Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Slide 21: About Non-GAAP Financial Measures
ABOUT NON-GAAP FINANCIAL MEASURES: To supplement Cimpress’ consolidated financial statements presented in accordance with U.S. generally accepted accounting principles, or GAAP, Cimpress has used the following measures defined as non-GAAP financial measures by Securities and Exchange Commission, or
Slide 22: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES CONSTANT-CURRENCY REVENUE GROWTH RATES (Quarterly) Total Company Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Reported revenue growth 9% 5% 6% 6% 2% 1% 4% 7% 11 % Currency impact (3)% (1)% —% —% —% 2% (2)% (3)% (5)% Revenue growth in c
Slide 23: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES CONSTANT-CURRENCY REVENUE GROWTH RATES (CONT.) (Quarterly) Upload and Print Combined Revenue Growth Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Reported revenue growth 1 9% 6% 6% 5% 6% 3% 7% 15 % 23 % Currency impact 1 (6)% (1)% 1% (1
Slide 24: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES CONSTANT-CURRENCY REVENUE GROWTH RATES (YTD) YTD YTD YTD Total Company Q2FY24 Q2FY25 Q2FY26 Reported revenue growth 8% 4% 9% Currency impact (3)% —% (4)% Revenue growth in constant currency 5% 4% 5% Impact of TTM acquisitions, divestitures & JVs —% —% (
Slide 25: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES CONSTANT-CURRENCY REVENUE GROWTH RATES (CONT.) (YTD) Upload and Print Combined Revenue Growth YTD YTD YTD Q2FY24 Q2FY25 Q2FY26 Reported revenue growth1 10 % 6% 19 % Currency impact1 (7)% (1)% (8)% Revenue growth in constant currency1 3% 5% 11 % Impact o
Slide 26: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES CONTRIBUTION PROFIT & CONTRIBUTION MARGIN (Quarterly, in millions) Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Reported revenue $ 921.4 $ 780.6 $ 832.6 $ 805.0 $ 939.2 $ 789.5 $ 869.5 $ 863.3 $ 1,042.2 Less: Cost of revenue $ (463.4)
Slide 27: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES EBITDA (LOSS) BY REPORTABLE SEGMENT ("SEGMENT EBITDA") (Quarterly, in millions) Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Vista 1,5 $ 110.5 $ 79.7 $ 87.6 $ 81.1 $ 97.2 $ 83.2 $ 106.0 $ 90.0 $ 107.0 PrintBrothers 1 28.8 17.2 25.4 20.
Slide 28: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES ADJUSTED EBITDA (Quarterly, in millions) Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Net income (loss) $ 60.3 $ (5.2) $ 118.2 $ (12.4) $ 61.6 $ (8.0) $ (28.4) $ 6.5 $ 49.5 Exclude expense (benefit) impact of: Income tax (benefit) expe
Slide 29: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES ADJUSTED EBITDA (YTD, in millions) YTD YTD YTD Q2FY24 Q2FY25 Q2FY26 Net income (loss) $ 64.8 $ 49.2 $ 56.0 Exclude expense (benefit) impact of: Income tax (benefit) expense $ 24.9 $ 30.1 $ 31.2 Loss (gain) on early extinguishment of debt $ (1.7) $ 0.5 $
Slide 30: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES ADJUSTED FREE CASH FLOW (Quarterly, in millions) Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Net cash provided by operating activities $ 174.9 $ 8.4 $ 125.1 $ 4.4 $ 176.5 $ 9.7 $ 107.5 $ 25.1 $ 164.7 Purchases of property, plant and e
Slide 31: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES ADJUSTED FREE CASH FLOW (TTM, in millions) TTM TTM TTM TTM TTM TTM TTM TTM TTM Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Net cash provided by operating activities $ 291.6 $ 287.4 $ 350.7 $ 312.9 $ 314.4 $ 315.7 $ 298.1 $ 318.7 $ 306
Slide 32: Reconciliations of Non-GAAP Financial Measures
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES CONSOLIDATED NET LEVERAGE RATIOS (in millions, except leverage ratios) Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Total debt outstanding1 $ 1,626.3 $1,615.0 $ 1,616.6 $1,617.5 $ 1,610.5 $1,607.7 $ 1,604.5 $1,600.9 $ 1,607.9 Capital l
Slide 33: Constant-Currency Revenue Growth Outlook
RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES CONSTANT-CURRENCY REVENUE GROWTH OUTLOOK FY2026 Outlook as of January 28, 2026 Reported revenue growth (using recent currency rates) 7% - 8% Currency impact (3)% Impact of TTM acquisitions, divestitures & JVs (1)% Organic constant-currency revenue growt
Slide 34: About Cimpress
ABOUT CIMPRESS: Cimpress plc (Nasdaq: CMPR) helps millions of businesses build brands, stand out, and grow via custom print and promotional products. Founded in 1995, Cimpress is the global leader in web-to-print mass customization, delivering high-quality, affordable custom products quickly and con