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Segment Information
12 Months Ended
Jun. 30, 2024
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 June 30, 2024, we have numerous operating segments under our management reporting structure, which are reported in the following five reportable segments:
Vista - Vista is the parent brand of multiple offerings including VistaPrint, VistaCreate, 99designs by Vista, Vista Corporate Solutions, and Depositphotos, which together represent a full-service design, digital, and print solution.
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, 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.
National Pen - Includes the global operations of our National Pen business, which manufactures and markets custom writing instruments and promotional products, apparel and gifts.
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 we continue to manage at a relatively modest operating loss, is an online printing leader in Brazil.
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.
In order to ensure comparability in measuring our businesses' results, we allocate the straight-line portion of the fixed grant value of PSU awards to our businesses. The expense value for some of our PSU awards is based on a Monte Carlo fair value analysis, while others include a performance condition that influence the amount and timing of expense recognized for the related PSU award. The difference between the straight-line portion of the fixed grant value and the expense recognized (as a result of the fair value measurement, the related performance condition 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.
 Year Ended June 30,
 202420232022
Revenue:
Vista$1,741,600 $1,613,887 $1,514,909 
PrintBrothers638,036 578,431 526,952 
The Print Group358,918 346,949 329,590 
National Pen391,192 366,294 341,832 
All Other Businesses215,807 213,455 205,862 
Total segment revenue3,345,553 3,119,016 2,919,145 
Inter-segment eliminations (1)(53,697)(39,389)(31,590)
Total consolidated revenue$3,291,856 $3,079,627 $2,887,555 
_____________________
(1) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.

Year Ended June 30, 2024
VistaPrintBrothersThe 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-segment1,316 3,131 11,299 25,466 12,485 53,697 
   Total segment revenue1,741,600 638,036 358,918 391,192 215,807 3,345,553 
Less: inter-segment elimination(1,316)(3,131)(11,299)(25,466)(12,485)(53,697)
Total external revenue$1,740,284 $634,905 $347,619 $365,726 $203,322 $3,291,856 
Year Ended June 30, 2023
VistaPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$1,155,000 $— $— $216,690 $181,145 $1,552,835 
Europe366,244 576,719 337,012 122,007 — 1,401,982 
Other91,066 — — 7,772 25,972 124,810 
Inter-segment1,577 1,712 9,937 19,825 6,338 39,389 
   Total segment revenue1,613,887 578,431 346,949 366,294 213,455 3,119,016 
Less: inter-segment elimination(1,577)(1,712)(9,937)(19,825)(6,338)(39,389)
Total external revenue$1,612,310 $576,719 $337,012 $346,469 $207,117 $3,079,627 
Year Ended June 30, 2022
VistaPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$1,063,390 $— $— $193,056 $177,868 $1,434,314 
Europe353,275 525,224 322,315 113,820 — 1,314,634 
Other94,874 — — 20,058 23,675 138,607 
Inter-segment3,370 1,728 7,275 14,898 4,319 31,590 
   Total segment revenue1,514,909 526,952 329,590 341,832 205,862 2,919,145 
Less: inter-segment elimination(3,370)(1,728)(7,275)(14,898)(4,319)(31,590)
Total external revenue$1,511,539 $525,224 $322,315 $326,934 $201,543 $2,887,555 

The following table includes segment EBITDA by reportable segment, total income from operations, and total (loss) income before income taxes.
 Year Ended June 30,
 202420232022
Segment EBITDA:
Vista$328,472 $224,081 $195,321 
PrintBrothers89,876 70,866 66,774 
The Print Group70,571 60,089 58,664 
National Pen31,917 23,714 26,845 
All Other Businesses25,195 25,215 23,227 
Total segment EBITDA546,031 403,965 370,831 
Central and corporate costs(145,339)(133,539)(143,958)
Depreciation and amortization(151,764)(162,428)(175,681)
Certain impairments and other adjustments (1,154)(6,932)9,709 
Restructuring-related charges(423)(43,757)(13,603)
Total income from operations247,351 57,309 47,298 
Other income, net1,583 18,498 61,463 
Interest expense, net(119,822)(112,793)(99,430)
(Gain) loss on early extinguishment of debt
(666)6,764 — 
Income (loss) before income taxes$128,446 $(30,222)$9,331 

 Year Ended June 30,
 202420232022
Depreciation and amortization:
Vista$54,182 $58,464 $65,489 
PrintBrothers15,164 18,135 20,790 
The Print Group23,406 22,810 25,657 
National Pen16,560 21,366 24,261 
All Other Businesses18,376 17,694 18,536 
Central and corporate costs24,076 23,959 20,948 
Total depreciation and amortization$151,764 $162,428 $175,681 
Year Ended June 30,
202420232022
Purchases of property, plant, and equipment:
Vista$19,717 $17,604 $17,198 
PrintBrothers6,040 4,422 3,788 
The Print Group15,078 19,683 19,877 
National Pen4,737 6,003 4,332 
All Other Businesses7,732 4,793 7,027 
Central and corporate costs1,623 1,267 1,818 
Total purchases of property, plant and equipment$54,927 $53,772 $54,040 
Year Ended June 30,
202420232022
Capitalization of software and website development costs:
Vista$25,035 $22,559 $30,994 
PrintBrothers2,192 2,010 1,139 
The Print Group3,681 2,997 2,419 
National Pen4,019 2,913 3,390 
All Other Businesses5,416 4,299 4,097 
Central and corporate costs17,964 23,009 23,258 
Total capitalization of software and website development costs$58,307 $57,787 $65,297 
Enterprise Wide Disclosures:
    The following table sets forth revenues by significant geographic area:
 Year Ended June 30,
 202420232022
United States$1,467,785 $1,407,691 $1,320,347 
Germany532,537 460,516 420,041 
Other (1)1,291,534 1,211,420 1,147,167 
Total revenue$3,291,856 $3,079,627 $2,887,555 
__________________
(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,
202420232022
Physical printed products and other (1)$3,207,102 $2,990,041 $2,789,600 
Digital products and design services84,754 89,586 97,955 
Total revenue$3,291,856 $3,079,627 $2,887,555 
__________________
(1) Other revenue includes miscellaneous items, which account for less than 1% of revenue.
The following table sets forth long-lived assets by geographic area:
 June 30, 2024June 30, 2023
Long-lived assets (1):  
United States$77,095 $83,956 
Switzerland67,201 73,857 
Netherlands60,974 65,547 
Canada54,848 57,328 
Italy37,380 42,377 
Germany31,656 27,813 
France28,002 29,302 
Australia22,131 19,664 
Jamaica (2)3,782 17,834 
Other90,380 86,690 
Total$473,449 $504,368 
___________________
(1) Excludes goodwill of $787,138 and 781,541, intangible assets, net of $76,560 and 109,196, deferred tax assets of $95,059 and 12,740, and marketable securities, non-current of $0 and 4,497 as of June 30, 2024 and June 30, 2023, respectively.
(2) The decrease in Jamaica's long-lived assets is due to the sale of an owned customer service facility during fiscal year 2024.