v3.26.3
Segment Information
 3 Months Ended
Sep. 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”), for purposes of making decisions about how to allocate resources and assess performance.
As of September 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 several smaller revenue and profit streams: 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, Saxoprint, 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, 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, and includes teams working on the development of new channels.
◦BuildASign is an e-commerce provider of canvas-print wall décor, business signage, and other large-format printed products.
◦Printi is a smaller business that is an online printing leader in Brazil.
◦New channels includes our recently announced strategic partnership with Canva, who is one of the world's largest design platforms, as well as other new channels that we are developing.
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, real estate, corporate communications, consolidated reporting and compliance, investor relations, 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 present other segment information to the CODM, which includes 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.
Three Months Ended September 30,
20262025
Revenue:
VistaPrint$464,412 $454,909 
PrintBrothers235,919 184,711 
The Print Group109,274 96,710 
National Pen104,365 103,209 
All Other Businesses72,492 61,742 
Total segment revenue986,462 901,281 
Inter-segment eliminations (1)(52,410)(38,004)
Total consolidated revenue$934,052 $863,277 
_____________________
(1) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.

Three Months Ended September 30, 2026
VistaPrintPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$320,942 $— $8,367 $53,200 $46,998 $429,507 
Europe110,510 232,417 85,514 35,976 1,455 465,872 
Other27,823 — 476 1,717 8,657 38,673 
Inter-segment5,137 3,502 14,917 13,472 15,382 52,410 
   Total segment revenue464,412 235,919 109,274 104,365 72,492 986,462 
Less: inter-segment elimination(5,137)(3,502)(14,917)(13,472)(15,382)(52,410)
Total external revenue$459,275 $232,417 $94,357 $90,893 $57,110 $934,052 
Three Months Ended September 30, 2025
VistaPrintPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$317,720 $— $618 $53,431 $41,942 $413,711 
Europe109,482 181,449 85,543 36,951 186 413,611 
Other26,255 — — 1,653 8,047 35,955 
Inter-segment1,452 3,262 10,549 11,174 11,567 38,004 
   Total segment revenue454,909 184,711 96,710 103,209 61,742 901,281 
Less: inter-segment elimination(1,452)(3,262)(10,549)(11,174)(11,567)(38,004)
Total external revenue$453,457 $181,449 $86,161 $92,035 $50,175 $863,277 
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 three months ended September 30, 2026 and 2025. 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 before income taxes.
Three Months Ended September 30, 2026
VistaPrintPrintBrothersThe Print GroupNational PenAll Other
Total segment revenue$464,412 $235,919 $109,274 $104,365 $72,492 
Less: Cost of revenue219,204 170,906 72,758 49,858 44,198 
   Segment gross profit245,208 65,013 36,516 54,507 28,294 
Less: Advertising expenses74,475 7,293 5,948 23,586 11,104 
Less: Other operating expenses (1)107,214 42,466 19,841 29,163 15,702 
Add: Depreciation and amortization15,381 8,350 7,893 3,368 3,830 
Add: Other segment items (2)1,758 713 (546)246 109 
   Segment EBITDA (3)$80,658 $24,317 $18,074 $5,372 $5,427 
Three Months Ended September 30, 2025
VistaPrintPrintBrothersThe Print GroupNational PenAll Other
Total segment revenue$454,909 $184,711 $96,710 $103,209 $61,742 
Less: Cost of revenue201,921 132,136 61,031 53,362 34,185 
   Segment gross profit252,988 52,575 35,679 49,847 27,557 
Less: Advertising expenses66,504 6,009 6,100 26,596 10,574 
Less: Other operating expenses (1)111,171 25,322 16,110 28,727 12,314 
Add: Depreciation and amortization14,297 3,571 5,541 3,026 4,398 
Add: Other segment items (2)376 924 (339)58 13 
   Segment EBITDA (3)$89,986 $25,739 $18,671 $(2,392)$9,080 
__________________
(1) 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.
(2) 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.
(3) For the three months ended September 30, 2026 and 2025, total segment EBITDA was $133,848 and $141,084, 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 before income taxes as outlined below.
The following table includes a reconciliation of total segment EBITDA to income from operations and income before income taxes:
Three Months Ended September 30,
20262025
Total Segment EBITDA$133,848 $141,084 
Central and corporate costs(37,587)(38,635)
Elimination (1)(21,505)(15,835)
Depreciation and amortization (2)(44,280)(36,618)
Proceeds from insurance(210)— 
Certain impairment and other adjustments(252)(727)
Restructuring-related charges(3,994)(298)
Total income from operations26,020 48,971 
Other income, net5,949 3,453 
Interest Expense, net(26,337)(28,066)
Income before income taxes$5,632 $24,358 
__________________
(1) Includes the elimination of inter-segment profit that relates to cross-Cimpress transactions, in which the merchant business is cross charged the variable 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.
(2) For the three months ended September 30, 2026 and 2025, depreciation and amortization includes costs within our central and corporate costs of $5,458 and $5,785, respectively.

Three Months Ended September 30,
20262025
Purchases of property, plant and equipment:
VistaPrint$12,909 $10,616 
PrintBrothers4,435 2,404 
The Print Group2,920 9,090 
National Pen1,082 2,471 
All Other Businesses1,166 1,564 
Central and corporate costs291 208 
Total purchases of property, plant and equipment$22,803 $26,353 

Three Months Ended September 30,
20262025
Capitalization of software and website development costs:
VistaPrint$6,916 $6,563 
PrintBrothers827 1,294 
The Print Group1,481 1,245 
National Pen772 1,035 
All Other Businesses1,127 1,312 
Central and corporate costs5,306 5,837 
Total capitalization of software and website development costs$16,429 $17,286 
The following table sets forth long-lived assets by geographic area:
September 30, 2026June 30, 2026
Long-lived assets (1):
United States$72,537 $69,223 
Netherlands84,043 81,964 
Switzerland74,328 76,154 
Mexico67,895 65,474 
Germany (2)88,833 60,353 
Canada53,779 55,544 
Austria43,265 43,734 
Italy43,205 41,825 
Tunisia34,715 37,039 
France31,084 32,520 
Australia27,033 27,429 
Other79,038 70,715 
Total$699,755 $661,974 
___________________
(1) Excludes goodwill of $882,633 and $850,778, intangible assets, net of $87,944 and $70,580, and deferred tax assets of $52,356 and $50,930 as of September 30, 2026 and June 30, 2026, respectively.
(2) The increase in long-lived assets located in Germany was largely due to the Saxoprint acquisition. Refer to Note 6 for additional details.