Reported Q: Q2 2025 Rev YoY: +1.9% EPS YoY: +12.4% Move: -0.83%
Cimpress plc
CMPR
$76.33 -0.83%
Exchange NASDAQ Sector Communication Services Industry Advertising Agencies
Q2 2025
Published: Jan 31, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for CMPR

Reported

Report Date

Jan 31, 2025

Quarter Q2 2025

Revenue

939.16M

YoY: +1.9%

EPS

2.36

YoY: +12.4%

Market Move

-0.83%

Previous quarter: Q1 2025

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Earnings Highlights

  • Revenue of $939.16M up 1.9% year-over-year
  • EPS of $2.36 increased by 12.4% from previous year
  • Gross margin of 47.9%
  • Net income of 61.06M
  • ""Our Q2 results were not what we were planning to deliver"" - Robert Keane
CMPR
Company CMPR

Executive Summary

Cimpress reported Q2 FY2025 revenue of $939.2 million, up 2% year over year, but delivered a meaningful EBITDA miss driven primarily by weakness in the US Vista/Consumer-centric channels. Management attributed the shortfall to higher performance advertising costs, a tougher US market for consumer-facing products (notably business cards and holiday cards), and a shorter holiday season versus prior year. The company delivered an adjusted EBITDA of $147.1 million and net income of $61.1 million, with a net margin of ~6.5% and an EPS of $2.45 (GAAP). Management framed Q2 as turbulence within an otherwise longer-term growth path and reaffirmed a multiyear growth trajectory in revenue, EBITDA and free cash flow, including a revised H2 outlook that assumes at least 4% constant-currency revenue growth, adjusted EBITDA of at least $220 million and adjusted free cash flow of at least $50 million. The anticipated stabilization hinges on continued execution of strategic priorities (Upload & Print expansion in the US, focused production hubs, and stronger cross-Cimpress fulfillment) and ongoing pricing actions to protect profitability. Management also signaled a focus on improving the Vista value proposition (especially higher-value customers) and incrementally scaling non-Vista/Cimpress Fulfillment businesses (BuildASign, National Pen, etc.). Net leverage is guided to approximately 3.0x by year-end with an aspiration to ~2.5x over time, albeit with a slightly delayed timeline. The quarter featured notable one-time effects: roughly $12 million of favorable items in the prior-year period and about $5 million in unfavorable items in Q2, which together explain part of the EBITDA delta. The management narrative stresses that the current quarterโ€™s headwinds are manageable and reversible through ongoing efficiency, pricing, and strategic hub-based scaling, setting the stage for a return to the previously communicated long-term path.

Key Performance Indicators

Revenue
Increasing
939.16M
QoQ: 16.67% | YoY: 1.93%
Gross Profit
Decreasing
449.90M
47.90% margin
QoQ: 19.31% | YoY: -1.76%
Operating Income
Decreasing
80.95M
QoQ: 105.77% | YoY: -24.82%
Net Income
Increasing
61.06M
QoQ: 586.55% | YoY: 5.08%
EPS
Increasing
2.45
QoQ: 590.00% | YoY: 12.39%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 863.28 0.30 +3.7% View
Q3 2025 789.47 -0.33 +1.1% View
Q2 2025 939.16 2.36 +1.9% View
Q1 2025 804.97 -0.50 +6.3% View
Q4 2024 832.61 4.33 +5.6% View