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Segment Information
12 Months Ended
Jun. 30, 2025
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, 2025, we have numerous operating segments under our management reporting structure, which are reported in the following five reportable segments:
Vista - 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 Vista 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, 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. During fiscal year 2025, Pixartprinting expanded their operations to the U.S., launching a new Pixartprinting branded website and opening a new production facility that started fulfilling orders in March 2025.
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.
For purposes of measuring and reporting our segment financial performance, we implemented changes to the methodology used for inter-segment transactions during the first quarter of fiscal 2025. These transactions occur when one Cimpress business chooses to buy from or sell to another Cimpress business. Under the new approach, a merchant business (the buyer) is cross charged the actual cost of fulfillment that includes product (e.g., labor, materials and overhead allocation) and shipping costs. A fulfiller business (the seller) receives inter-segment revenue that includes the product costs 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 new approach allows our merchant businesses to access the ultimate Cimpress cost of fulfillment for a given product and therefore that ultimate Cimpress cost can be used to determine pricing, advertising spend, and other operational decisions. Prior to this change, inter-segment transactions were based on marked-up pricing that resulted in the merchant business recognizing inter-segment cost of goods sold that was equal to inter-segment revenue that was recognized by the fulfiller business, and as such there was no inter-segment EBITDA elimination under our prior method. We have recast all prior periods presented for segment revenue and segment EBITDA to ensure comparability with the current fiscal year. These changes in methodology have no impact on our consolidated financial results.
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,
 202520242023
Revenue:
Vista$1,824,271 $1,742,494 $1,614,798 
PrintBrothers669,151 639,571 579,050 
The Print Group378,075 354,775 342,951 
National Pen406,764 389,027 365,804 
All Other Businesses227,363 213,381 212,409 
Total segment revenue3,505,624 3,339,248 3,115,012 
Inter-segment eliminations (1)(102,545)(47,392)(35,385)
Total consolidated revenue$3,403,079 $3,291,856 $3,079,627 
_____________________
(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, 2025
VistaPrintBrothersThe 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-segment3,270 5,042 26,272 31,872 36,089 102,545 
   Total segment revenue1,824,271 669,151 378,075 406,764 227,363 3,505,624 
Less: inter-segment elimination(3,270)(5,042)(26,272)(31,872)(36,089)(102,545)
Total external revenue$1,821,001 $664,109 $351,803 $374,892 $191,274 $3,403,079 
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-segment2,210 4,666 7,156 23,301 10,059 47,392 
   Total segment revenue1,742,494 639,571 354,775 389,027 213,381 3,339,248 
Less: inter-segment elimination(2,210)(4,666)(7,156)(23,301)(10,059)(47,392)
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-segment2,488 2,331 5,939 19,335 5,292 35,385 
   Total segment revenue1,614,798 579,050 342,951 365,804 212,409 3,115,012 
Less: inter-segment elimination(2,488)(2,331)(5,939)(19,335)(5,292)(35,385)
Total external revenue$1,612,310 $576,719 $337,012 $346,469 $207,117 $3,079,627 
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, 2025, 2024, and 2023. 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, 2025
VistaPrintBrothersThe Print GroupNational PenAll Other
Total segment revenue$1,824,271 $669,151 $378,075 $406,764 $227,363 
Less: Cost of revenue818,427 475,683 235,000 199,343 131,056 
   Segment gross profit1,005,844 193,468 143,075 207,421 96,307 
Less: Advertising expenses278,255 25,498 28,174 75,012 39,404 
Less: Other operating expenses (1)439,834 97,684 63,015 116,536 56,076 
Add: Depreciation and amortization53,194 13,228 20,251 12,662 18,663 
Add: Other segment items (2)6,744 (163)(1,066)2,898 2,393 
   Segment EBITDA (3)
$347,693 $83,351 $71,071 $31,433 $21,883 
Year Ended June 30, 2024
VistaPrintBrothersThe Print GroupNational PenAll Other
Total segment revenue
$1,742,494 $639,571 $354,775 $389,027 $213,381 
Less: Cost of revenue
753,113 452,011 222,765 182,442 119,391 
   Segment gross profit
989,381 187,560 132,010 206,585 93,990 
Less: Advertising expenses
271,126 18,759 27,816 78,212 40,582 
Less: Other operating expenses (1)
424,975 92,362 60,288 115,733 50,482 
Add: Depreciation and amortization
54,182 15,164 23,406 16,560 18,376 
Add: Other segment items (2)
655 (26)(885)553 1,193 
   Segment EBITDA (3)
$348,117 $91,577 $66,427 $29,753 $22,495 
Year Ended June 30, 2023
VistaPrintBrothersThe Print GroupNational PenAll Other
Total segment revenue
$1,614,798 $579,050 $342,951 $365,804 $212,409 
Less: Cost of revenue
724,839 426,256 223,677 174,123 118,143 
   Segment gross profit
889,959 152,794 119,274 191,681 94,266 
Less: Advertising expenses
262,496 15,294 25,742 76,526 37,829 
Less: Other operating expenses (1)
477,173 83,699 58,801 115,011 59,309 
Add: Depreciation and amortization
58,464 18,135 22,810 21,366 17,694 
Add: Other segment items (2)
29,074 (278)(1,452)1,713 9,008 
   Segment EBITDA (3)
$237,828 $71,658 $56,089 $23,223 $23,830 
_____________________
(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 years ended June 30, 2025, 2024, and 2023 total segment EBITDA was $555,431, $558,369 and $412,628 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,
202520242023
Total Segment EBITDA
$555,431 $558,369 $412,628 
   Central and corporate costs
(148,292)(145,339)(133,539)
   Elimination (1)(28,857)(12,338)(8,663)
   Depreciation and amortization (2)(141,131)(151,764)(162,428)
   Certain impairment and other adjustments
(5,353)(1,154)(6,932)
   Restructuring-related charges
(5,528)(423)(43,757)
Total income from operations
226,270 247,351 57,309 
   Other (expense) income, net(13,582)1,583 18,498 
   Interest Expense, net
(115,231)(119,822)(112,793)
   (Loss) gain on early extinguishment of debt(498)(666)6,764 
Income (loss) before income taxes
$96,959 $128,446 $(30,222)
(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, 2025, 2024, and 2023, depreciation and amortization includes costs within our central and corporate costs of $23,132, $24,067, and $23,957, respectively.
Year Ended June 30,
202520242023
Purchases of property, plant, and equipment:
Vista$39,846 $19,717 $17,604 
PrintBrothers9,058 6,040 4,422 
The Print Group25,083 15,078 19,683 
National Pen3,698 4,737 6,003 
All Other Businesses9,404 7,732 4,793 
Central and corporate costs1,935 1,623 1,267 
Total purchases of property, plant and equipment$89,024 $54,927 $53,772 
Year Ended June 30,
202520242023
Capitalization of software and website development costs:
Vista$26,572 $25,035 $22,559 
PrintBrothers3,084 2,192 2,010 
The Print Group5,018 3,681 2,997 
National Pen4,436 4,019 2,913 
All Other Businesses5,859 5,416 4,299 
Central and corporate costs19,124 17,964 23,009 
Total capitalization of software and website development costs$64,093 $58,307 $57,787 
Enterprise Wide Disclosures:
    The following table sets forth revenues by significant geographic area:
 Year Ended June 30,
 202520242022
United States$1,488,112 $1,467,785 $1,407,691 
Germany560,173 532,537 460,516 
Other (1)1,354,794 1,291,534 1,211,420 
Total revenue$3,403,079 $3,291,856 $3,079,627 
__________________
(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,
202520242023
Physical printed products and other (1)$3,328,806 $3,207,102 $2,990,041 
Digital products and design services74,273 84,754 89,586 
Total revenue$3,403,079 $3,291,856 $3,079,627 
__________________
(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, 2025June 30, 2024
Long-lived assets (1):  
United States$64,615 $77,095 
Switzerland72,971 67,201 
Netherlands67,396 60,974 
Canada66,725 54,848 
Italy41,496 37,380 
Germany37,331 31,656 
France31,095 28,002 
Australia23,915 22,131 
Other112,586 94,162 
Total$518,130 $473,449 
___________________
(1) Excludes goodwill of $826,156 and 787,138, intangible assets, net of $58,348 and 76,560, and deferred tax assets of $61,086 and 95,059 as of June 30, 2025 and June 30, 2024, respectively.