DELUXE CORP

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 21, 2025

DLX$26.59+2.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

DELUXE CORPORATIONCONSOLIDATED STATEMENTS OF INCOME

	Year Ended December 31,
(in thousands, except per share amounts)	2024	2023	2022
Product revenue	$1,205,374	$1,257,600	$1,286,197
Service revenue	916,387	934,660	951,813
Total revenue	2,121,761	2,192,260	2,238,010
Cost of products	(455,141)	(486,029)	(470,237)
Cost of services	(540,170)	(543,548)	(561,879)
Total cost of revenue	(995,311)	(1,029,577)	(1,032,116)
Gross profit	1,126,450	1,162,683	1,205,894
Selling, general and administrative expense	(909,168)	(956,068)	(993,250)
Restructuring and integration expense	(48,570)	(78,245)	(62,529)
Gain on sale of businesses and long-lived assets	31,207	32,421	19,331
Asset impairment charges	(7,743)	—	—
Operating income	192,176	160,791	169,446
Interest expense	(123,281)	(125,643)	(94,454)
Other income, net	7,602	4,651	9,386
Income before income taxes	76,497	39,799	84,378
Income tax provision	(23,552)	(13,572)	(18,848)
Net income	52,945	26,227	65,530
Net income attributable to non-controlling interest	(143)	(107)	(135)
Net income attributable to Deluxe	$52,802	$26,120	$65,395
Basic earnings per share	$1.20	$0.60	$1.52
Diluted earnings per share	1.18	0.59	1.50

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