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Side-by-side financial comparison of DELUXE CORP (DLX) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
DELUXE CORP is the larger business by last-quarter revenue ($535.2M vs $330.5M, roughly 1.6× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs 2.2%, a 4.0% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 2.8%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs 0.0%).
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 ...
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
DLX vs PAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $330.5M |
| Net Profit | $12.0M | $20.7M |
| Gross Margin | 52.2% | 25.4% |
| Operating Margin | 8.9% | 7.3% |
| Net Margin | 2.2% | 6.3% |
| Revenue YoY | 2.8% | 28.1% |
| Net Profit YoY | -5.0% | 57.2% |
| EPS (diluted) | $0.25 | $0.16 |
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 | $535.2M | $330.5M | ||
| Q3 25 | $540.2M | $310.7M | ||
| Q2 25 | $521.3M | $280.1M | ||
| Q1 25 | $536.5M | $275.2M | ||
| Q4 24 | $520.6M | $257.9M | ||
| Q3 24 | $528.4M | $231.6M | ||
| Q2 24 | $537.8M | $197.4M | ||
| Q1 24 | $535.0M | $184.9M |
| Q4 25 | $12.0M | $20.7M | ||
| Q3 25 | $33.7M | $17.7M | ||
| Q2 25 | $22.4M | $14.7M | ||
| Q1 25 | $14.0M | $13.8M | ||
| Q4 24 | $12.6M | $13.1M | ||
| Q3 24 | $8.9M | $14.4M | ||
| Q2 24 | $20.5M | $9.4M | ||
| Q1 24 | $10.8M | $7.2M |
| Q4 25 | 52.2% | 25.4% | ||
| Q3 25 | 53.9% | 24.1% | ||
| Q2 25 | 53.6% | 25.5% | ||
| Q1 25 | 52.4% | 24.0% | ||
| Q4 24 | 52.3% | 25.6% | ||
| Q3 24 | 53.3% | 26.2% | ||
| Q2 24 | 53.7% | 29.8% | ||
| Q1 24 | 53.0% | 28.5% |
| Q4 25 | 8.9% | 7.3% | ||
| Q3 25 | 14.0% | 6.4% | ||
| Q2 25 | 11.7% | 5.7% | ||
| Q1 25 | 9.0% | 5.7% | ||
| Q4 24 | 9.0% | 5.5% | ||
| Q3 24 | 7.9% | 5.2% | ||
| Q2 24 | 11.0% | 5.2% | ||
| Q1 24 | 8.3% | 4.5% |
| Q4 25 | 2.2% | 6.3% | ||
| Q3 25 | 6.2% | 5.7% | ||
| Q2 25 | 4.3% | 5.3% | ||
| Q1 25 | 2.6% | 5.0% | ||
| Q4 24 | 2.4% | 5.1% | ||
| Q3 24 | 1.7% | 6.2% | ||
| Q2 24 | 3.8% | 4.7% | ||
| Q1 24 | 2.0% | 3.9% |
| Q4 25 | $0.25 | $0.16 | ||
| Q3 25 | $0.74 | $0.14 | ||
| Q2 25 | $0.50 | $0.11 | ||
| Q1 25 | $0.31 | $0.11 | ||
| Q4 24 | $0.28 | $0.11 | ||
| Q3 24 | $0.20 | $0.11 | ||
| Q2 24 | $0.46 | $0.07 | ||
| Q1 24 | $0.24 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.9M | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $680.7M | $560.4M |
| Total Assets | $2.9B | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.9M | $320.9M | ||
| Q3 25 | $25.8M | $287.9M | ||
| Q2 25 | $26.0M | $266.4M | ||
| Q1 25 | $30.3M | $245.8M | ||
| Q4 24 | $34.4M | $205.9M | ||
| Q3 24 | $41.3M | $187.5M | ||
| Q2 24 | $23.1M | $188.8M | ||
| Q1 24 | $23.5M | $180.1M |
| Q4 25 | $680.7M | $560.4M | ||
| Q3 25 | $664.1M | $537.4M | ||
| Q2 25 | $638.7M | $516.7M | ||
| Q1 25 | $622.5M | $500.4M | ||
| Q4 24 | $620.9M | $485.6M | ||
| Q3 24 | $612.7M | $468.8M | ||
| Q2 24 | $620.5M | $451.6M | ||
| Q1 24 | $608.4M | $439.4M |
| Q4 25 | $2.9B | $667.9M | ||
| Q3 25 | $2.6B | $644.4M | ||
| Q2 25 | $2.5B | $609.5M | ||
| Q1 25 | $2.6B | $590.9M | ||
| Q4 24 | $2.8B | $576.2M | ||
| Q3 24 | $2.6B | $552.9M | ||
| Q2 24 | $2.7B | $527.7M | ||
| Q1 24 | $2.7B | $514.0M |
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 | $102.1M | $45.1M |
| Free Cash FlowOCF − Capex | — | $45.0M |
| FCF MarginFCF / Revenue | — | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 8.53× | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $102.1M | $45.1M | ||
| Q3 25 | $67.1M | $35.1M | ||
| Q2 25 | $51.1M | $31.5M | ||
| Q1 25 | $50.3M | $50.4M | ||
| Q4 24 | $60.2M | $27.9M | ||
| Q3 24 | $67.9M | $6.7M | ||
| Q2 24 | $39.6M | $18.0M | ||
| Q1 24 | $26.6M | $11.0M |
| Q4 25 | — | $45.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | $27.8M | $31.4M | ||
| Q1 25 | $24.3M | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | $46.7M | $6.7M | ||
| Q2 24 | $11.4M | $17.8M | ||
| Q1 24 | $6.1M | $10.8M |
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | 5.3% | 11.2% | ||
| Q1 25 | 4.5% | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | 8.8% | 2.9% | ||
| Q2 24 | 2.1% | 9.0% | ||
| Q1 24 | 1.1% | 5.9% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | 4.5% | 0.0% | ||
| Q1 25 | 4.8% | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 4.0% | 0.0% | ||
| Q2 24 | 5.2% | 0.1% | ||
| Q1 24 | 3.8% | 0.1% |
| Q4 25 | 8.53× | 2.18× | ||
| Q3 25 | 1.99× | 1.98× | ||
| Q2 25 | 2.28× | 2.14× | ||
| Q1 25 | 3.59× | 3.65× | ||
| Q4 24 | 4.77× | 2.12× | ||
| Q3 24 | 7.60× | 0.47× | ||
| Q2 24 | 1.94× | 1.93× | ||
| Q1 24 | 2.46× | 1.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
