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Side-by-side financial comparison of DELUXE CORP (DLX) and AT&T (T). Click either name above to swap in a different company.
AT&T is the larger business by last-quarter revenue ($31.5B vs $535.2M, roughly 58.9× DELUXE CORP). AT&T runs the higher net margin — 13.3% vs 2.2%, a 11.0% gap on every dollar of revenue. On growth, AT&T posted the faster year-over-year revenue change (2.9% vs 2.8%). Over the past eight quarters, AT&T's revenue compounded faster (2.8% 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 ...
AT&T Inc., an abbreviation of its predecessor's original name, the American Telephone and Telegraph Company, is an American multinational telecommunications conglomerate headquartered at the Whitacre Tower in Downtown Dallas, Texas. AT&T is the world’s third-largest telecommunications company by revenue, the third largest wireless carrier in the United States behind T-Mobile and Verizon, and the nation's biggest fiber internet provider.
DLX vs T — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $535.2M | $31.5B |
| Net Profit | $12.0M | $4.2B |
| Gross Margin | 52.2% | — |
| Operating Margin | 8.9% | 21.1% |
| Net Margin | 2.2% | 13.3% |
| Revenue YoY | 2.8% | 2.9% |
| Net Profit YoY | -5.0% | -10.9% |
| EPS (diluted) | $0.25 | $0.54 |
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.
| Q1 26 | — | $31.5B | ||
| Q4 25 | $535.2M | $33.5B | ||
| Q3 25 | $540.2M | $30.7B | ||
| Q2 25 | $521.3M | $30.8B | ||
| Q1 25 | $536.5M | $30.6B | ||
| Q4 24 | $520.6M | $32.3B | ||
| Q3 24 | $528.4M | $30.2B | ||
| Q2 24 | $537.8M | $29.8B |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $12.0M | $3.8B | ||
| Q3 25 | $33.7M | $9.3B | ||
| Q2 25 | $22.4M | $4.5B | ||
| Q1 25 | $14.0M | $4.4B | ||
| Q4 24 | $12.6M | $4.1B | ||
| Q3 24 | $8.9M | $-174.0M | ||
| Q2 24 | $20.5M | $3.6B |
| Q1 26 | — | — | ||
| 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 26 | — | 21.1% | ||
| Q4 25 | 8.9% | 17.3% | ||
| Q3 25 | 14.0% | 19.9% | ||
| Q2 25 | 11.7% | 21.1% | ||
| Q1 25 | 9.0% | 18.8% | ||
| Q4 24 | 9.0% | 16.5% | ||
| Q3 24 | 7.9% | 7.0% | ||
| Q2 24 | 11.0% | 19.3% |
| Q1 26 | — | 13.3% | ||
| Q4 25 | 2.2% | 11.3% | ||
| Q3 25 | 6.2% | 30.3% | ||
| Q2 25 | 4.3% | 14.6% | ||
| Q1 25 | 2.6% | 14.2% | ||
| Q4 24 | 2.4% | 12.6% | ||
| Q3 24 | 1.7% | -0.6% | ||
| Q2 24 | 3.8% | 12.1% |
| Q1 26 | — | $0.54 | ||
| Q4 25 | $0.25 | $0.52 | ||
| Q3 25 | $0.74 | $1.29 | ||
| Q2 25 | $0.50 | $0.62 | ||
| Q1 25 | $0.31 | $0.61 | ||
| Q4 24 | $0.28 | $0.56 | ||
| Q3 24 | $0.20 | $-0.03 | ||
| Q2 24 | $0.46 | $0.49 |
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 | $12.0B |
| Total DebtLower is stronger | — | $131.6B |
| Stockholders' EquityBook value | $680.7M | $125.6B |
| Total Assets | $2.9B | $421.2B |
| Debt / EquityLower = less leverage | — | 1.05× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.0B | ||
| Q4 25 | $36.9M | $18.2B | ||
| Q3 25 | $25.8M | $20.3B | ||
| Q2 25 | $26.0M | $10.5B | ||
| Q1 25 | $30.3M | $6.9B | ||
| Q4 24 | $34.4M | $3.3B | ||
| Q3 24 | $41.3M | $2.6B | ||
| Q2 24 | $23.1M | $3.1B |
| Q1 26 | — | $131.6B | ||
| Q4 25 | — | $127.1B | ||
| Q3 25 | — | $128.1B | ||
| Q2 25 | — | $123.1B | ||
| Q1 25 | — | $117.3B | ||
| Q4 24 | — | $118.4B | ||
| Q3 24 | — | $126.4B | ||
| Q2 24 | — | $125.4B |
| Q1 26 | — | $125.6B | ||
| Q4 25 | $680.7M | $126.5B | ||
| Q3 25 | $664.1M | $126.8B | ||
| Q2 25 | $638.7M | $121.4B | ||
| Q1 25 | $622.5M | $119.9B | ||
| Q4 24 | $620.9M | $118.2B | ||
| Q3 24 | $612.7M | $116.3B | ||
| Q2 24 | $620.5M | $119.3B |
| Q1 26 | — | $421.2B | ||
| Q4 25 | $2.9B | $420.2B | ||
| Q3 25 | $2.6B | $423.2B | ||
| Q2 25 | $2.5B | $405.5B | ||
| Q1 25 | $2.6B | $397.5B | ||
| Q4 24 | $2.8B | $394.8B | ||
| Q3 24 | $2.6B | $393.7B | ||
| Q2 24 | $2.7B | $398.0B |
| Q1 26 | — | 1.05× | ||
| Q4 25 | — | 1.00× | ||
| Q3 25 | — | 1.01× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | 1.09× | ||
| Q2 24 | — | 1.05× |
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 | $7.6B |
| Free Cash FlowOCF − Capex | — | $2.5B |
| FCF MarginFCF / Revenue | — | 8.0% |
| Capex IntensityCapex / Revenue | — | 15.5% |
| Cash ConversionOCF / Net Profit | 8.53× | 1.82× |
| TTM Free Cash FlowTrailing 4 quarters | — | $17.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $7.6B | ||
| Q4 25 | $102.1M | $11.3B | ||
| Q3 25 | $67.1M | $10.2B | ||
| Q2 25 | $51.1M | $9.8B | ||
| Q1 25 | $50.3M | $9.0B | ||
| Q4 24 | $60.2M | $11.9B | ||
| Q3 24 | $67.9M | $10.2B | ||
| Q2 24 | $39.6M | $9.1B |
| Q1 26 | — | $2.5B | ||
| Q4 25 | — | $4.5B | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | $27.8M | $4.9B | ||
| Q1 25 | $24.3M | $4.8B | ||
| Q4 24 | — | $5.1B | ||
| Q3 24 | $46.7M | $4.9B | ||
| Q2 24 | $11.4M | $4.7B |
| Q1 26 | — | 8.0% | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 17.1% | ||
| Q2 25 | 5.3% | 15.8% | ||
| Q1 25 | 4.5% | 15.6% | ||
| Q4 24 | — | 15.6% | ||
| Q3 24 | 8.8% | 16.3% | ||
| Q2 24 | 2.1% | 15.9% |
| Q1 26 | — | 15.5% | ||
| Q4 25 | — | 20.3% | ||
| Q3 25 | — | 15.9% | ||
| Q2 25 | 4.5% | 15.9% | ||
| Q1 25 | 4.8% | 14.0% | ||
| Q4 24 | — | 21.2% | ||
| Q3 24 | 4.0% | 17.5% | ||
| Q2 24 | 5.2% | 14.6% |
| Q1 26 | — | 1.82× | ||
| Q4 25 | 8.53× | 2.99× | ||
| Q3 25 | 1.99× | 1.09× | ||
| Q2 25 | 2.28× | 2.17× | ||
| Q1 25 | 3.59× | 2.08× | ||
| Q4 24 | 4.77× | 2.92× | ||
| Q3 24 | 7.60× | — | ||
| Q2 24 | 1.94× | 2.53× |
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% |
T
| Service | $25.5B | 81% |
| Equipment | $6.0B | 19% |
