Reported Q: Q2 2025 Rev YoY: +1.9% EPS YoY: +12.4% Move: -0.27%
Cimpress plc
CMPR
$76.12 -0.27%
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

-0.27%

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 quarter’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