Deluxe Corporation (DLX) Stock

Deluxe Corporation (DLX) is a Communication Services stock trading at $23.61 (as of 2026-08-21), with a market capitalization of $1.08B and a trailing P/E of 10.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Deluxe Corporation provides technology-enabled solutions for enterprises, small businesses, and financial institutions. Its offerings span payments, cloud and promotional solutions, and checks, including treasury and payment processing services, fraud and security services, web hosting and design, marketing and hosted digital services, and printed checks and related business supplies.

Understand Deluxe Corporation: how it makes money

Deluxe Corporation provides technology-enabled solutions for treasury and payments, plus promotional and check-related services, to enterprises, small businesses, and financial institutions, and it makes money through its Payments, Cloud Solutions, Promotional Solutions, and Checks segments.

The profit model is driven by selling transaction and treasury-related processing and services (payments, remittance and lockbox processing, remote deposit capture, receivables management, payment exchange, and related fraud and security services), then layering on complementary cloud, promotional, and checks offerings for the same customer base.

Revenue by segment (latest quarter)
Payments	$0.2B
Cloud Solns	$0.1B
Promo Solns	$0.1B
Checks	$0.2B

Business quality (Mixed): Business and segment definitions are clear, but the provided segment revenue figures sum to 0.57B versus reported revenue of 0.5B for the quarter, so investors should treat segment mix as directional.

Valuation: At 10× earnings, DLX trades 61% below the Printing & Publishing average (26×). Note: one-time items can distort reported P/E.

Bull case

Breadth across transaction, cloud, promotional, and check-related solutions: Deluxe operates through four segments (Payments, Cloud Solutions, Promotional Solutions, and Checks) and offers treasury management, payment exchange, fraud and security services, and other technology-enabled services.
Customer value tied to core treasury and payments workflows: Its offerings include remittance and lockbox processing, remote deposit capture, and receivables management, which are directly connected to how customers manage and move money.

Bear case

Exposure to customer and volume dynamics: Because revenue comes from services used by financial institutions and business customers for treasury and payments, changes in customer activity or demand for these workflows could impact results.
Mix risk across multiple solution areas: Deluxe spans Payments, Cloud Solutions, Promotional Solutions, and Checks, so underperformance in any one area could pressure consolidated results.

Valuation — source: SEC EDGAR (first-party)
Price	$23.61
Market Cap	$1.08B
P/E Ratio	10.4
EV / EBITDA	6.1
Price / Book	1.55
Price / Sales	0.51
FCF Yield	16.5%
DCF Value (model)	$48.33
DCF Upside vs Price	104.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$2.13B
Net Margin	3.8%
Revenue Growth (YoY)	0.3%
EPS Growth (YoY)	154.8%
FCF Growth (YoY)	12.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.57 (distress)
Piotroski F-Score	6/9 (moderate)

Valuation vs Sector & Industry
Stock P/E	10.4
Sector P/E (Communication Services)	24.3
Industry P/E (Printing & Publishing)	27.7
vs Sector	-57.2%
vs Industry	-62.4%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock Fund Advisors ($205.67M)
Institutional Holders Tracked	10

Company
Sector	Communication Services
Industry	Printing & Publishing
CEO	Barry C. McCarthy
Employees	4,981
Country	US
IPO Date	1980-03-17

Related Companies (Business model: Branded Consumer (CPG, Staples, Beauty, Alcohol, Pet, Nicotine); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.