Cimpress (CMPR) Q3 2026 earnings summary

Executive summary

• FY 2026 revenue and profit guidance was raised for the second time this year, reflecting strong Q3 performance and confidence in continued growth.

• Revenue grew 12% year-over-year to $886.2M for the quarter, with organic constant-currency growth of 4%.

• Adjusted EBITDA increased 11% year-over-year to $100.5M, surpassing $100M in Q3 for the first time.

• Net income rose to $14.6M, up $22.7M year-over-year, driven by operating income and currency hedge gains.

• Strategic focus on elevated products, operational efficiency, and AI-driven improvements is driving higher customer value and profitability.

Financial highlights

• Q3 revenue was $886.2M, up 12% reported and 4% organic constant-currency.

• Q3 adjusted EBITDA reached $100.5M, up 11% year-over-year, with margin at 11%.

• Q3 consolidated gross profit increased 10% year-over-year to $409.2M, with gross margin at 46%.

• Operating income for the quarter was $49.2M, up 21% year-over-year, with a margin of 6%.

• Adjusted free cash flow was an outflow of $54.6M due to seasonal working capital and higher cash taxes.

Outlook and guidance

• FY 2026 revenue growth expected at 9%-10% reported, 4%-5% organic constant-currency.

• FY 2026 net income expected at least $87M; adjusted EBITDA at least $465M.

• Operating cash flow guidance: $298-$303M; adjusted free cash flow: $130-$135M.

• FY 2028 targets reaffirmed: net income at least $200M, adjusted EBITDA at least $600M, net leverage below 2.0x.

• FY 2027 adjusted EBITDA growth expected to exceed 10%, with significant free cash flow growth.