Deluxe Corporation  (DLX)
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DLX Sales vs. its Competitors Q3 2023

Comparing the current results to its competitors, Deluxe reported Revenue decrease in the 3 quarter 2023 year on year by -3.1 %, despite the revenue increase by most of its competitors of 11.75 %, recorded in the same quarter.

List of DLX Competitors

Revenue Growth Comparisons

Net Income Comparison

Deluxe Corporation Net Income in 3 quarter 2023 declined year on year by 0 %, despite income growth by most of its competitors recorded a net loss , despite income increase by most of its competitors of 665.43 %

<<  DLX Stock Performance Comparisons

Deluxe's Comment on Competitors and Industry Peers

The small business forms and supplies market and the small business marketing solutions and other services markets are highly fragmented with many small local suppliers, large national retailers and internet-based providers. We believe we are well-positioned in this competitive landscape through our broad customer base, the breadth of our small business product and service offerings, multiple distribution channels, established relationships with our financial institution and telecommunications clients, competitive prices, high quality and dependable service.

In the small business forms and supplies market, the competitive factors influencing a customer's purchase decision are breadth of product line, speed of delivery, product quality, price, convenience, customer service and past experience with the supplier. Our primary competitors are office product superstores, local printers, business forms dealers and internet-based suppliers. Local printers provide personalization and customization and offer a local relationship, but typically have a limited variety of products and services, as well as limited printing sophistication. Office superstores offer a variety of products at competitive prices, but provide limited personalization and customization. We are aware of numerous competitors offering printed products and business supplies to small businesses through the internet, direct mail, distributors or a direct sales force.

Many of our marketing solutions and other services offerings also face intense competition, including competition from numerous internet-based service providers. We expect the intensity of competition to increase in the future from other established and emerging companies due to the relatively low barriers to entry for the services we offer, as well as small businesses' increasing use of the internet which allows service providers to work directly with small businesses as opposed to using intermediaries. The competitive factors affecting marketing solutions and other services offerings include the breadth, quality and ease of use of web and other services, price, and the responsiveness and quality of customer support.

In the check printing portion of the payments industry, we face considerable competition from other check printers, and we expect competition to remain intense as check usage continues to decline. We also face competition from check printing software vendors. Moreover, the check product must compete with alternative payment methods, including credit cards, debit cards, direct deposit, wire transfers and internet-based bill paying services, as well as automated teller machines, which make cash a more readily available alternative.

In the financial institution check printing business, there are two large primary providers, one of which is Deluxe. The principal factors on which we compete are product and service breadth, price, quality and check merchandising program management. We believe the key items which differentiate us from our competition include our fully automated flat check delivery package, our online performance dashboard and portal analytics tools for financial institution branches, our personalized customer call center experience, and our Deluxe Business Advantage program, which provides a fast and simple way for financial institutions to offer expanded personalized service to small businesses.

At times, check suppliers have reduced the prices of their products during the supplier selection process in an attempt to gain greater volume. The corresponding pricing pressure has negatively impacted our profit margins. Pricing pressure will continue to impact our results of operations through lower pricing levels or client losses. Additionally, product discounts in the form of cash incentives payable to financial institutions upon contract execution are a common practice within the industry. Both the number of financial institution clients requesting these payments and the size of the payments has fluctuated significantly in recent years. These up-front payments negatively impact check printers' cash flows at the beginning of the contracts. Our goal is to reduce the use of up-front product discounts by structuring new contracts with alternative incentives throughout the duration of the contract.


Overall company Market Share Q3 2023

Overall company, revenue fell by -3.1 % and company lost market share, to approximately 14.88 %.

<<  More on DLX Market Share.
*Market share is calculated based on total revenue.

  News about Deluxe Corporation Contracts

Who are Deluxe Corporation's Competitors?

Intuit Inc
Share Performance

Over The Past 5 Days

Intuit Inc

Intuit Inc is a software company that primarily generates revenue by selling licenses and subscriptions for its various financial management and tax preparation software products. Additionally, they offer online services, such as QuickBooks Online, with a subscription-based model to provide small businesses with accounting and financial management solutions.

More about Intuit Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 162,532.560 mill. $ 14,749.000 mill. $ 2,585.000 mill.

Avidxchange Holdings Inc
Share Performance

One Year

Avidxchange Holdings Inc

is a leading provider of accounts payable ("AP") automation software and payment solutions for middle market businesses and their suppliers

More about Avidxchange Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,229.821 mill. $ 362.831 mill. $ -67.881 mill.


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