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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and DELUXE CORP (DLX). Click either name above to swap in a different company.
BREAD FINANCIAL HOLDINGS, INC. is the larger business by last-quarter revenue ($975.0M vs $535.2M, roughly 1.8× DELUXE CORP). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs 2.8%). Over the past eight quarters, DELUXE CORP's revenue compounded faster (0.0% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
Deluxe Corporation is an American company that provides payment processing, data services, checks and promotional products, and merchant services. It operates in four divisions: B2B payments, data, print, and merchant services. As of 2025, the company serves millions of small businesses and thousands of financial institutions, processing more than $2.8 trillion in payments annually. While its legacy business centers on check printing and other printed products, payments and data services now ...
BFH vs DLX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $535.2M |
| Net Profit | — | $12.0M |
| Gross Margin | — | 52.2% |
| Operating Margin | 4.9% | 8.9% |
| Net Margin | — | 2.2% |
| Revenue YoY | 5.4% | 2.8% |
| Net Profit YoY | — | -5.0% |
| EPS (diluted) | $1.21 | $0.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $975.0M | $535.2M | ||
| Q3 25 | $971.0M | $540.2M | ||
| Q2 25 | $929.0M | $521.3M | ||
| Q1 25 | $970.0M | $536.5M | ||
| Q4 24 | $925.0M | $520.6M | ||
| Q3 24 | $983.0M | $528.4M | ||
| Q2 24 | $939.0M | $537.8M | ||
| Q1 24 | $991.0M | $535.0M |
| Q4 25 | — | $12.0M | ||
| Q3 25 | $188.0M | $33.7M | ||
| Q2 25 | $139.0M | $22.4M | ||
| Q1 25 | $138.0M | $14.0M | ||
| Q4 24 | — | $12.6M | ||
| Q3 24 | $2.0M | $8.9M | ||
| Q2 24 | $133.0M | $20.5M | ||
| Q1 24 | $134.0M | $10.8M |
| Q4 25 | — | 52.2% | ||
| Q3 25 | — | 53.9% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 52.4% | ||
| Q4 24 | — | 52.3% | ||
| Q3 24 | — | 53.3% | ||
| Q2 24 | — | 53.7% | ||
| Q1 24 | — | 53.0% |
| Q4 25 | 4.9% | 8.9% | ||
| Q3 25 | 20.2% | 14.0% | ||
| Q2 25 | 18.7% | 11.7% | ||
| Q1 25 | 20.3% | 9.0% | ||
| Q4 24 | -2.9% | 9.0% | ||
| Q3 24 | 4.1% | 7.9% | ||
| Q2 24 | 19.2% | 11.0% | ||
| Q1 24 | 19.0% | 8.3% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 19.4% | 6.2% | ||
| Q2 25 | 15.0% | 4.3% | ||
| Q1 25 | 14.2% | 2.6% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | 0.2% | 1.7% | ||
| Q2 24 | 14.2% | 3.8% | ||
| Q1 24 | 13.5% | 2.0% |
| Q4 25 | $1.21 | $0.25 | ||
| Q3 25 | $3.96 | $0.74 | ||
| Q2 25 | $2.94 | $0.50 | ||
| Q1 25 | $2.78 | $0.31 | ||
| Q4 24 | $0.08 | $0.28 | ||
| Q3 24 | $0.05 | $0.20 | ||
| Q2 24 | $2.66 | $0.46 | ||
| Q1 24 | $2.70 | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6B | $36.9M |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $3.3B | $680.7M |
| Total Assets | $22.7B | $2.9B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $36.9M | ||
| Q3 25 | $3.8B | $25.8M | ||
| Q2 25 | $3.8B | $26.0M | ||
| Q1 25 | $4.2B | $30.3M | ||
| Q4 24 | $4.0B | $34.4M | ||
| Q3 24 | $3.5B | $41.3M | ||
| Q2 24 | $4.1B | $23.1M | ||
| Q1 24 | $3.8B | $23.5M |
| Q4 25 | $4.3B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3B | $680.7M | ||
| Q3 25 | $3.3B | $664.1M | ||
| Q2 25 | $3.2B | $638.7M | ||
| Q1 25 | $3.1B | $622.5M | ||
| Q4 24 | $3.1B | $620.9M | ||
| Q3 24 | $3.1B | $612.7M | ||
| Q2 24 | $3.2B | $620.5M | ||
| Q1 24 | $3.0B | $608.4M |
| Q4 25 | $22.7B | $2.9B | ||
| Q3 25 | $21.7B | $2.6B | ||
| Q2 25 | $21.8B | $2.5B | ||
| Q1 25 | $22.4B | $2.6B | ||
| Q4 24 | $22.9B | $2.8B | ||
| Q3 24 | $21.7B | $2.6B | ||
| Q2 24 | $22.1B | $2.7B | ||
| Q1 24 | $22.3B | $2.7B |
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 1.47× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $568.0M | $102.1M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 8.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $102.1M | ||
| Q3 25 | $605.0M | $67.1M | ||
| Q2 25 | $526.0M | $51.1M | ||
| Q1 25 | $393.0M | $50.3M | ||
| Q4 24 | $479.0M | $60.2M | ||
| Q3 24 | $456.0M | $67.9M | ||
| Q2 24 | $477.0M | $39.6M | ||
| Q1 24 | $447.0M | $26.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $27.8M | ||
| Q1 25 | — | $24.3M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $46.7M | ||
| Q2 24 | — | $11.4M | ||
| Q1 24 | — | $6.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 8.8% | ||
| Q2 24 | — | 2.1% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 4.5% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 4.0% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | 3.8% |
| Q4 25 | — | 8.53× | ||
| Q3 25 | 3.22× | 1.99× | ||
| Q2 25 | 3.78× | 2.28× | ||
| Q1 25 | 2.85× | 3.59× | ||
| Q4 24 | — | 4.77× | ||
| Q3 24 | 228.00× | 7.60× | ||
| Q2 24 | 3.59× | 1.94× | ||
| Q1 24 | 3.34× | 2.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
DLX
| Services | $247.9M | 46% |
| B2B Payments | $76.3M | 14% |
| Datadrivenmarketingsolutions | $68.5M | 13% |
| Promotional Solutions Revenue | $60.9M | 11% |
| Treasurymanagementsolutions | $59.8M | 11% |
| Other | $17.3M | 3% |
| Other Web Based Solutions | $4.6M | 1% |
