v3.26.1
Segment Information
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information
Our operating segments are based upon the manner in which our operations are managed and the availability of separate financial information reported internally to the Chief Executive Officer, who is our Chief Operating Decision Maker (“CODM”). Our CODM manages our business primarily by reviewing consolidated results by segment as part of the quarterly reporting process using EBITDA to assess performance and allocate resources to our segments.
As of June 30, 2026, we have numerous operating segments under our management reporting structure, which are reported in the following five reportable segments:
•VistaPrint - Consists of the operations of our VistaPrint branded websites in North America, Western Europe, Australia, New Zealand, India, and Singapore. This business also includes our 99designs by Vista business, which provides graphic design services, VistaCreate for do-it-yourself (DIY) design, our Vista x Wix partnership for small business websites, and our VistaPrint Corporate Solutions business, which serves medium-sized businesses and large corporations.
•PrintBrothers - Includes the results of druck.at, Printdeal, and WIRmachenDRUCK, a group of Upload & Print businesses that serve graphic professionals throughout Europe, primarily in Austria, Belgium, Germany, the Netherlands, and Switzerland.
•The Print Group - Includes the results of Easyflyer, Exaprint, Mixam, Packstyle, Pixartprinting, and Tradeprint, a group of Upload & Print businesses that serve graphic professionals throughout Europe, primarily in France, Italy, Spain, and the United Kingdom and to a lesser extent in the United States.
•National Pen - Serves small businesses across geographies including North America, Europe, and Australia. The pens.com branded business sells through their ecommerce site and is supported by digital
marketing methods as well as direct mail and telesales. National Pen focuses on customized writing instruments and promotional products, apparel, and gifts for small- and medium-sized businesses.
•All Other Businesses - Includes two businesses grouped together based on materiality.
◦BuildASign is a provider of canvas-print wall décor, business signage and other large-format printed products.
◦Printi, a smaller business that is an online printing leader in Brazil.
During the first quarter of fiscal year 2026, we made updates to our previously implemented methodology for inter-segment transactions, which is used for purposes of measuring and reporting our segment financial performance. These transactions occur when one Cimpress business chooses to buy from or sell to another Cimpress business. Under the updated methodology, a merchant business (the buyer) is cross charged the variable cost of fulfillment that includes labor, materials and shipping costs, but excludes the overhead allocation that was previously included. A fulfiller business (the seller) receives inter-segment revenue that includes the variable cost of fulfillment plus a markup, as well as the shipping costs. The fulfiller profit is included in the fulfiller’s segment results, but eliminated from consolidated reporting through an inter-segment EBITDA elimination. The updated approach allows our merchant businesses to access the ultimate Cimpress variable cost of fulfillment for a given product and therefore that ultimate Cimpress variable cost can be used to determine pricing, advertising spend, and other operational decisions. We made this change to simplify the inputs required for our businesses to transact with each other, and also to set the right incentives to drive increased use of our internal production capabilities. We have recast our historical segment results for all periods presented to ensure comparability with the updated methodology. These changes in methodology have no impact on our consolidated financial results.
During the first quarter of fiscal year 2026, we updated our internal organizational structure which included the transfer of two teams from our VistaPrint reportable segment into our central functions. The change is intended to drive efficiencies through those functions. We have updated our segment presentation for all periods presented to reflect these changes.
Central and corporate costs consist primarily of the team of software engineers that is building our mass customization platform; shared service organizations such as global procurement; technology services such as hosting and security; administrative costs of our Cimpress India offices where numerous Cimpress businesses have dedicated business-specific team members; and corporate functions including our tax, treasury, internal audit, legal, sustainability, corporate communications, remote first enablement, consolidated reporting and compliance, investor relations, capital allocation, and the functions of our CEO and CFO. These costs also include certain unallocated share-based compensation costs.
The expense value of our PSU awards is based on fair value and is required to be expensed on an accelerated basis. In order to ensure comparability in measuring our businesses' results, we allocate the straight-line portion of the fixed grant value to our businesses. Any expense in excess of this amount as a result of the fair value measurement of the PSUs and the accelerated expense profile of the awards is recognized within central and corporate costs.
Our definition of segment EBITDA is GAAP operating income excluding certain items, such as depreciation and amortization, expense recognized for contingent earn-out related charges including the changes in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment, share-based compensation related to investment consideration, certain impairment expense, and restructuring charges. We include insurance proceeds that are not recognized within operating income. We do not allocate non-operating income, including realized gains and losses on currency hedges, to our segment results.
Our balance sheet information is not presented to the CODM on an allocated basis, and therefore we do not present asset information by segment. We do regularly present to the CODM the purchases of property, plant and equipment and capitalization of software and website development costs, and therefore include that information in the tables below.
Revenue by segment is based on the business-specific websites or sales channel through which the customer’s order was transacted. The following tables set forth revenue by reportable segment, as well as disaggregation of revenue by major geographic region and reportable segment.
Year Ended June 30,
20262025 (1)2024 (1)
Revenue:
VistaPrint$1,934,492 $1,824,546 $1,742,663 
PrintBrothers823,155 669,187 639,604 
The Print Group445,628 379,273 355,046 
National Pen446,797 407,238 389,517 
All Other Businesses258,130 227,875 216,720 
Total segment revenue3,908,202 3,508,119 3,343,550 
Inter-segment eliminations (2)(171,559)(105,040)(51,694)
Total consolidated revenue$3,736,643 $3,403,079 $3,291,856 
_____________________
(1) The prior-period segment results have been adjusted to ensure comparability with the updated methodology used for inter-segment transactions. Refer to the discussion above for further details.
(2) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.

Year Ended June 30, 2026
VistaPrintPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$1,316,469 $— $10,808 $214,841 $173,521 $1,715,639 
Europe500,472 809,054 380,627 179,654 2,571 1,872,378 
Other109,133 — 342 6,920 32,231 148,626 
Inter-segment8,418 14,101 53,851 45,382 49,807 171,559 
   Total segment revenue1,934,492 823,155 445,628 446,797 258,130 3,908,202 
Less: inter-segment elimination(8,418)(14,101)(53,851)(45,382)(49,807)(171,559)
Total external revenue$1,926,074 $809,054 $391,777 $401,415 $208,323 $3,736,643 
Year Ended June 30, 2025
VistaPrintPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$1,266,169 $— $140 $213,093 $165,796 $1,645,198 
Europe454,169 664,109 351,663 156,355 133 1,626,429 
Other100,663 — — 5,444 25,345 131,452 
Inter-segment (1)3,545 5,078 27,470 32,346 36,601 105,040 
   Total segment revenue (1)1,824,546 669,187 379,273 407,238 227,875 3,508,119 
Less: inter-segment elimination (1)(3,545)(5,078)(27,470)(32,346)(36,601)(105,040)
Total external revenue$1,821,001 $664,109 $351,803 $374,892 $191,274 $3,403,079 
Year Ended June 30, 2024
VistaPrintPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$1,232,126 $— $— $215,325 $176,017 $1,623,468 
Europe414,407 634,905 347,619 144,704 — 1,541,635 
Other93,751 — — 5,697 27,305 126,753 
Inter-segment (1)2,379 4,699 7,427 23,791 13,398 51,694 
   Total segment revenue (1)1,742,663 639,604 355,046 389,517 216,720 3,343,550 
Less: inter-segment elimination (1)(2,379)(4,699)(7,427)(23,791)(13,398)(51,694)
Total external revenue$1,740,284 $634,905 $347,619 $365,726 $203,322 $3,291,856 
_____________________
(1) The prior-period segment results have been adjusted to ensure comparability with the updated methodology used for inter-segment transactions. Refer to the discussion above for further details.
The following tables include segment revenue and significant segment expenses by reportable segment, as well as our reported measure of segment profit or loss, EBITDA, by reportable segment for the years ended June 30, 2026, 2025, and 2024. Total segment EBITDA shown in the tables below is prior to inter-segment eliminations. Refer to the subsequent table for a reconciliation of total segment EBITDA to income from operations and income (loss) before income taxes.
Year Ended June 30, 2026
VistaPrintPrintBrothersThe Print GroupNational PenAll Other
Total segment revenue$1,934,492 $823,155 $445,628 $446,797 $258,130 
Less: Cost of revenue861,748 587,818 279,488 227,267 151,504 
   Segment gross profit1,072,744 235,337 166,140 219,530 106,626 
Less: Advertising expenses290,543 27,343 30,697 75,560 43,605 
Less: Other operating expenses (2)452,805 125,849 73,584 117,620 58,129 
Add: Depreciation and amortization57,616 18,389 24,037 12,398 16,735 
Add: Other segment items (3)5,581 108 (55)1,871 807 
   Segment EBITDA (4)$392,593 $100,642 $85,841 $40,619 $22,434 
Year Ended June 30, 2025
VistaPrintPrintBrothersThe Print GroupNational PenAll Other
Total segment revenue (1)$1,824,546 $669,187 $379,273 $407,238 $227,875 
Less: Cost of revenue (1)805,884 475,555 234,820 199,338 130,973 
   Segment gross profit
1,018,662 193,632 144,453 207,900 96,902 
Less: Advertising expenses
278,255 25,498 28,174 75,012 39,404 
Less: Other operating expenses (2)432,791 97,684 63,015 116,536 56,076 
Add: Depreciation and amortization
53,166 13,228 20,251 12,662 18,663 
Add: Other segment items (3)6,732 (163)(1,066)2,898 2,393 
   Segment EBITDA (4)$367,514 $83,515 $72,449 $31,912 $22,478 
Year Ended June 30, 2024
VistaPrintPrintBrothersThe Print GroupNational PenAll Other
Total segment revenue (1)$1,742,663 $639,604 $355,046 $389,517 $216,720 
Less: Cost of revenue (1)749,351 451,965 222,716 182,442 119,301 
   Segment gross profit
993,312 187,639 132,330 207,075 97,419 
Less: Advertising expenses
271,125 18,759 27,816 78,212 40,582 
Less: Other operating expenses (2)417,948 92,362 60,288 115,733 50,482 
Add: Depreciation and amortization
54,144 15,164 23,406 16,560 18,376 
Add: Other segment items (3)619 (26)(885)553 1,193 
   Segment EBITDA (4)$359,002 $91,656 $66,747 $30,243 $25,924 
_____________________
(1) The prior-period segment results have been adjusted to ensure comparability with the updated methodology used for inter-segment transactions and the transfer of two functions between our VistaPrint reportable segment and central and corporate costs. Refer to the discussion above for further details.
(2) For each reportable segment, other operating expenses consists primarily of marketing and selling expense (excluding advertising expenses), technology and development expense and general and administrative expense.
(3) Other segment items primarily includes certain items excluded from our definition of segment EBITDA, which includes expense recognized for contingent earn-out related charges including the changes in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment, share-based compensation related to investment consideration, certain impairment expense, and restructuring charges.
(4) For the years ended June 30, 2026, 2025, and 2024 total segment EBITDA was $642,129, $577,868 and $573,572 respectively. In addition to the adjustments described above as part of other segment items, total segment EBITDA excludes the impact of central and corporate costs which is not considered a reportable segment, as well as the elimination of inter-segment transactions which are included in the reconciliation to income (loss) before income taxes as outlined below.
The following table includes a reconciliation of total segment EBITDA to income from operations and income (loss) before income taxes:
Year Ended June 30,
202620252024
Total Segment EBITDA
$642,129 $577,868 $573,572 
   Central and corporate costs
(159,787)(155,298)(152,293)
   Elimination (1)(71,054)(44,288)(20,587)
   Depreciation and amortization (2)(151,838)(141,131)(151,764)
Proceeds from insurance(1,241)— — 
   Certain impairment and other adjustments
(923)(5,353)(1,154)
   Restructuring-related charges
(6,261)(5,528)(423)
Total income from operations
251,025 226,270 247,351 
   Other income (expense), net11,340 (13,582)1,583 
   Interest Expense, net
(105,751)(115,231)(119,822)
   Loss on early extinguishment of debt(3,722)(498)(666)
Income before income taxes$152,892 $96,959 $128,446 
_____________________
(1) Includes the elimination of inter-segment profit that relates to cross-Cimpress transactions, in which the merchant business is cross charged the actual cost of fulfillment and the fulfiller business receives a markup on the cost to fulfill the related orders. These inter-segment profits are eliminated at a consolidated level. Refer to the discussion above for additional details related to the method for which one Cimpress business chooses to buy and sell to another Cimpress business.
(2) For the years ended June 30, 2026, 2025, and 2024, depreciation and amortization includes costs within our central and corporate costs of $22,663, $23,161, and $24,114, respectively.
The following table includes purchases of property, plant, and equipment by reportable segment:
Year Ended June 30,
202620252024
Purchases of property, plant, and equipment:
VistaPrint$57,600 $39,846 $19,717 
PrintBrothers8,396 9,058 6,040 
The Print Group22,398 25,083 15,078 
National Pen5,649 3,698 4,737 
All Other Businesses5,544 9,404 7,732 
Central and corporate costs656 1,935 1,623 
Total purchases of property, plant and equipment$100,243 $89,024 $54,927 
The following table includes capitalization of software and website development costs by reportable segment:
Year Ended June 30,
202620252024
Capitalization of software and website development costs:
VistaPrint$26,720 $26,572 $25,035 
PrintBrothers3,733 3,084 2,192 
The Print Group5,539 5,018 3,681 
National Pen3,667 4,436 4,019 
All Other Businesses4,981 5,859 5,416 
Central and corporate costs22,407 19,124 17,964 
Total capitalization of software and website development costs$67,047 $64,093 $58,307 
Enterprise Wide Disclosures:
    The following table sets forth revenues by significant geographic area:
Year Ended June 30,
202620252024
United States$1,545,025 $1,488,112 $1,467,785 
Germany639,101 560,173 532,537 
Other (1)1,552,517 1,354,794 1,291,534 
Total revenue$3,736,643 $3,403,079 $3,291,856 
__________________
(1) Our other revenue includes Ireland, our country of domicile.
The following table sets forth revenues by groups of similar products and services:
Year Ended June 30,
202620252024
Physical printed products and other (1)$3,678,441 $3,328,806 $3,207,102 
Digital products and design services58,202 74,273 84,754 
Total revenue$3,736,643 $3,403,079 $3,291,856 
__________________
(1) Other revenue includes miscellaneous items, which account for approximately 1% of revenue.
The following table sets forth long-lived assets by geographic area:
June 30, 2026June 30, 2025
Long-lived assets (1):
United States$69,223 $64,615 
Netherlands81,964 67,396 
Switzerland76,154 72,971 
Mexico (2)65,474 16,275 
Germany60,353 37,331 
Canada55,544 66,725 
Austria (3)43,734 9,161 
Italy41,825 41,496 
Tunisia37,039 29,868 
France32,520 31,095 
Australia27,429 23,915 
Other70,715 57,282 
Total$661,974 $518,130 
___________________
(1) Excludes goodwill of $850,778 and $826,156, intangible assets, net of $70,580 and $58,348, and deferred tax assets of $50,930 and $61,086 as of June 30, 2026 and June 30, 2025, respectively.
(2) The increase is related to investments in new manufacturing capabilities to support our North American market.
(3) The increase is related to a recent tuck-in acquisition, which is detailed in Note 7.