DLX Deluxe margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 58

Gross margin

52%

Operating margin

10.7%

EBITDA margin

19%

Net margin

3.8%

The Deluxe reports a gross margin of 52%, an operating margin of 10.7%, an EBITDA margin of 19%, and a net margin of 3.8%. Among the available margins, EBITDA margin improved the most and gross margin declined the most, by 0.4 and 1 percentage points respectively.

DLX margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Deluxe's margins averaged 52.86% gross, 9.72% operating, 18.05% EBITDA, and 3.03% net. For Deluxe, operating, EBITDA, and net margins are above their three-year averages, while gross margin is below its three-year average.

DLX margin expansion

Year-over-year margin changes in percentage points

Deluxe's EBITDA margin expanded by 0.4 percentage points, but gross margin contracted by 1 percentage point, operating margin by 0.2 percentage points, and net margin by 0.1 percentage points.

Gross margin expansion

-1pp

Operating margin expansion

-0.2pp

EBITDA margin expansion

0.4pp

Net margin expansion

-0.1pp

DLX Gross margin

Over the last 3 years, Deluxe's gross margin averaged 52.86%. As of the latest period, Deluxe's current gross margin is 52%, which is 0.9 percentage points below its three-year average. During this period, gross margin reached a high of 53.2% in Sep 2024 and a low of 52% in Sep 2026.

DLX Operating margin

Over the last 3 years, Deluxe recorded an average operating margin of 9.72%. At present, Deluxe's current operating margin is 10.7%, which is 1 percentage points above its three-year average. The highest operating margin for Deluxe was 12% in Mar 2026, while the lowest was 7.3% in Dec 2023.

DLX EBITDA margin

The average EBITDA margin for Deluxe was 18.05% over the last 3 years. Deluxe's current EBITDA margin is 19% and is 1 percentage points above its three-year average. The EBITDA margin for Deluxe moved between 16% in Dec 2023 and 19.6% in Jun 2026.

DLX Net margin

Across the last 3 years, Deluxe recorded an average net margin of 3.03%. The current net margin stands at 3.8%, 0.8 percentage points above its three-year average. The highest net margin for Deluxe was 4.9% in Mar 2026, while the lowest was 1.2% in Dec 2023.

DLX margin group comparison

Margins compared with peer-group, industry and sector averages

Deluxe's gross margin of 52% is above the Communication Services sector and the industry average. Looking at its Communication Services sector average of 49.3%, Deluxe's gross margin is 5% higher.

DLX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Deluxe's gross margin?

As of Sep 30, 2026, DLX has a gross margin of 52%.

What is Deluxe's operating margin?

The current operating margin for DLX is 10.7% as of Sep 30, 2026.

What is Deluxe's EBITDA margin?

For the period ending Sep 30, 2026, DLX recorded an EBITDA margin of 19%.

What is Deluxe's net margin?

The current net margin for DLX is 3.8% as of Sep 30, 2026.

What are the average margins of DLX?

Deluxe's gross, operating, EBITDA, and net margins averaged 52.9% gross, 9.7% operating, 18.1% EBITDA, and 3.0% net over the last 3 years.

What are the highest historical margins of DLX?

Over this 5-year history, DLX peaked at 56.3% gross in Dec 2021, 12% operating in Mar 2026, 19.6% EBITDA in Jun 2026, and 4.9% net in Mar 2026.

What are the lowest historical margins of DLX?

Over this 5-year history, Deluxe's margins fell as low as 52% gross in Sep 2026, 6.4% operating in Mar 2022, 14.6% EBITDA in Mar 2022, and 1.2% net in Dec 2023.