Deluxe Corporation · NYSE:DLX
Deluxe — Q2 2026 Earnings Presentation
37 slides from Deluxe's earnings presentation, Aug 5, 2026
Slide 1: Second Quarter 2026 Earnings
Second Quarter 2026 Earnings August 5, 2026
Slide 2: Brian Anderson, Vice President, Strategy & Investor Relations
Brian Anderson Vice President, Strategy & Investor Relations 2
Slide 3: Today's Presenters
dlx Today’s Presenters Barry McCarthy President and Chief Executive Officer a ¥ Chip Zint Senior Vice President and Chief Financial Officer Brian Anderson Vice President, Strategy & Investor Relations
Slide 4: Cautionary Statement
Cautionary Statement Statements made in this presentation regarding Deluxe, the company’s,or management’s intentions, expectations, outlook, or predictions about future results or events are considered “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. These sta
Slide 5: Barry McCarthy, President and Chief Executive Officer
Barry McCarthy President and Chief Executive Officer 5
Slide 6: Q2'26 Financial Highlights
Q2'26 Financial Highlights (in millions) Comparable Net Comparable Revenue Adjusted Income - Adjusted Adjusted Revenue GAAP EBITDA EBITDA $521.3 $499.3 $486.8 $499.3 $108.8 $108.8 $106.5 $103.3 $22.4 $19.2 -4.2% +2.6% -14.3% +2.2% +5.3% Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 Q2 25 Q2 26 6
Slide 7: Q2'26 Financial Overview
Q2'26 Financial Overview Revenue mix shift towards Payments and Data accelerates LEGACY PRINT BUSINESSES PAYMENTS & DATA BUSINESSES CORPORATE OUR BUSINESSES Promotional Merchant B2B Checks Products Services Payments Data Corporate Q2'26 YTD REVENUE $498.1 million $539.3 million - Rev % of Total DLX
Slide 8: Q2'26 Comparable Adjusted Highlights
Q2'26 Comparable Adjusted Highlights Strong operating leverage & earnings expansion; sustaining growth of cash flows • Data Solutions Revenue +21.4% vs. Q2'25 DRIVING PAYMENTS & • Merchant Services Revenue +6.1% vs. Q2'25 DATA GROWTH • B2B Payments Revenue +3.5% vs. Q2'25 • Print Comp Adj Revenue (4
Slide 9: Adding Significant Scale to enhance operating leverage
: Adding Significant Scale to enhance operating leverage 9
Slide 10: Acquisition: Compelling Strategic & Financial Rationale
acquisition: Compelling Strategic & Financial Rationale 10
Slide 11: Long-term Value Creation Algorithm
Long-term Value Creation Algorithm 11
Slide 12: Chip Zint, Chief Financial Officer
Chip Zint Chief Financial Officer 12
Slide 13: Q2'26 Financial Summary
Q2'26 Financial Summary Comparable Metrics TOTAL REVENUE NET INCOME Adjusted EBITDA Adj. EBITDA margin Adj. Diluted EPS $499.3M $19.2M $108.8M 21.8% $0.87 Down 4.2% Or $0.41 per share Increased 5.3% Increased 60 Up 6.1% versus Q2'25; on a diluted basis; versus Q2'25 basis points compared to Comparab
Slide 14: Merchant Services
Merchant Services Payment Processing & Omnichannel Payments Terminals & Devices Reporting (in millions) Revenue Adjusted $107.6 EBITDA $101.4 $25.1 $21.7 +6.1% +15.7% Q2 25 Q2 26 Q2 25 Q2 26 Adjusted EBITDA margin was 23.3%, up 190 basis points year-over- year, driven by revenue growth, channel mix,
Slide 15: B2B Payments
B2B Payments Treasury Management B2B/Digital Payments Fraud & Security Receivables as a Service Payables as a Service Protection (in millions) Revenue Adjusted EBITDA $71.0 $73.5 $18.3 $15.6 +3.5% +17.3% Q2 25 Q2 26 Q2 25 Q2 26 Adjusted EBITDA margin was 24.9%, up 290 basis points year-over- year dr
Slide 16: Data Solutions
Data Solutions Data Driven Marketing Data Analytics and SMB SaaS Solutions (in millions) Revenue Adjusted $82.3 EBITDA $67.8 $20.4 $18.1 +21.4% -11.3% Q2 25 Q2 26 Q2 25 Q2 26 Adjusted EBITDA margin was 22.0%, returning toward full-year low- to mid-20 percent rate outlook and reflective of prior-year
Slide 17: Print
Print Consumer and Web Storefront Platform Extensive range of Business Essentials Business Checks for Branded Products Promotional offerings (in millions) Revenue Adjusted EBITDA Comparable Comparable Adjusted Revenue Adjusted EBITDA $281.1 $90.4 $86.0 $87.2 $86.0 $246.6 $235.9 $235.9 -16.1% -4.9% -
Slide 18: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Net Debt to Adjusted EBITDA Free Cash Flow (in millions) (in millions) For the 12 Months Ended For the Six Months Ended 6/30/2026 12/31/2025 Variance 6/30/2026 06/30/2025 Variance Cash Provided by Net Debt $1,317.3 $1,392.5 ($75.2) $133.9 $101.4 $32.5 Operating Activities
Slide 19: 2026 Guidance
2026 Guidance Declared regular dividend of $0.30 per share Additional modeling assumptions: • Interest expense of approx $130 million • Adjusted tax rate of 25% • Depreciation & amortization of $155 to $160 million, of which acquisition amortization is approx $55 to $60 million • Average outstanding
Slide 20: Long-term Value Creation Algorithm
Long-term Value Creation Algorithm 20
Slide 21: dlx
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Slide 22: Brian Anderson, Vice President, Strategy & Investor Relations
Brian Anderson Vice President, Strategy & Investor Relations 22
Slide 23: Upcoming Conferences/Events
Upcoming Conferences/Events 23
Slide 24: Appendix
Appendix dlx
Slide 25: Consolidated Condensed Statements of Income
Consolidated Condensed Statements of Income in millions, except per share amounts (Unaudited) Quarter Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue $499.3 $521.3 $1,037.4 $1,057.7 Cost of revenue (239.7) (242.0) (498.4) (497.4) Selling, general and administrative expense (202.
Slide 26: Segment Information
Segment Information in millions (Unaudited) Quarter Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue: Merchant Services $107.6 $101.4 $212.5 $199.2 B2B Payments 73.5 71.0 147.1 141.1 Data Solutions 82.3 67.8 179.7 145.1 Print 235.9 281.1 498.1 572.3 Total $499.3 $521.3 $1,037.4 $
Slide 27: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures EBITDA, Adjusted EBITDA, and Adjusted EBITDA margin in millions (Unaudited) Quarter Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net income $19.2 $22.4 $55.0 $36.5 Non-controlling interest (0.1) — (0.1) (0.1) Interest expense 28.0 30.9 55.6
Slide 28: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Adjusted Diluted EPS - Q2 2026 dollars and shares in millions, except per share amounts (Unaudited) Certain legal, Restructuring Share-based Acquisition environmental Income tax Q2 2026 Acquisition and integration compensation transaction and other impact
Slide 29: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Adjusted Diluted EPS - Q2 2025 dollars and shares in millions, except per share amounts (Unaudited) Restructuring and Share-based Income tax Q2 2025 Acquisition integration compensation impact of Q2 2025 GAAP amortization expense expense adjustments Adjust
Slide 30: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Adjusted Diluted EPS - June YTD 2026 dollars and shares in millions, except per share amounts (Unaudited) Certain legal, Gain on June YTD Restructuring Share-based Acquisition environmental sale of Income tax June YTD 2026 Acquisition and integration compe
Slide 31: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Adjusted Diluted EPS - June YTD 2025 dollars and shares in millions, except per share amounts (Unaudited) Certain legal, Restructuring Share-based environmental Income tax June YTD 2025 Acquisition and integration compensation and other impact of June YTD
Slide 32: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Comparable Adjusted Revenue / Comparable Adjusted EBITDA / Comparable Adjusted EBITDA Margin in millions (Unaudited) Quarter Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Total Company: Revenue $499.3 $521.3 $1,037.4 $1,057.7 Less: business
Slide 33: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Print Comparable Adjusted Revenue / Comparable Adjusted EBITDA / Comparable Adjusted EBITDA Margin in millions (Unaudited) Quarter Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Print Segment: Revenue $235.9 $281.1 $498.1 $572.3 Less: busines
Slide 34: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Comparable Adjusted Revenue / Comparable Adjusted EBITDA / Comparable Adjusted EPS Outlook (Unaudited) Full Year 2026 Outlook 2025 Actual (in billions) Revenue $2.095 - $2.120 $2.133 Less: Business exit(1) — (0.121) Less: Acquisition (0.085) - (0.090) — Co
Slide 35: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Net Debt to Adjusted EBITDA dollars in millions (Unaudited) June 30, December 31, June 30, 2026 2025 2025 Total debt $1,352.2 $1,429.4 $1,470.6 Cash and cash equivalents (34.9) (36.9) (26.0) Net debt $1,317.3 $1,392.5 $1,444.6 TRAILING 12 MONTHS ADJUSTED E
Slide 36: Reconciliation of GAAP to Non-GAAP Measures
Reconciliation of GAAP to Non-GAAP Measures Free Cash Flow in millions (Unaudited) Six Months Ended June 30, 2026 2025 Net cash provided by operating activities $133.9 $101.4 Purchases of capital assets (48.0) (49.3) Free cash flow $85.9 $52.1 36
Slide 37: deluxe.
deluxe.