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Segment Information
9 Months Ended
Mar. 31, 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”), for purposes of making decisions about how to allocate resources and assess performance.
As of March 31, 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. Pixartprinting's U.S. facility went live in March 2025, fulfilling orders for other Cimpress businesses as the business expands its offerings and launches its brand in North America.
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, 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 March 31, Nine Months Ended March 31,
 20252024 (1)20252024 (1)
Revenue:
Vista
$430,651 $418,079 $1,357,822 $1,300,374 
PrintBrothers
155,981 150,677 490,904 468,801 
The Print Group
89,348 87,093 272,048 258,665 
National Pen
88,299 88,579 313,126 305,471 
All Other Businesses
51,101 48,455 168,577 159,642 
Total segment revenue
815,380 792,883 2,602,477 2,492,953 
Inter-segment eliminations (2)
(25,912)(12,295)(68,881)(33,708)
Total consolidated revenue$789,468 $780,588 $2,533,596 $2,459,245 
_____________________
(1) The prior period segment results have been adjusted to ensure comparability with the new 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.

Three Months Ended March 31, 2025
VistaPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$301,789 $— $— $49,708 $35,781 $387,278 
Europe105,425 155,015 82,623 29,586 27 372,676 
Other22,775 — — 1,134 5,605 29,514 
Inter-segment662 966 6,725 7,871 9,688 25,912 
   Total segment revenue430,651 155,981 89,348 88,299 51,101 815,380 
Less: inter-segment elimination(662)(966)(6,725)(7,871)(9,688)(25,912)
Total external revenue$429,989 $155,015 $82,623 $80,428 $41,413 $789,468 
Nine Months Ended March 31, 2025
VistaPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$937,502 $— $— $160,481 $124,879 $1,222,862 
Europe341,934 487,820 255,542 126,295 53 1,211,644 
Other76,167 — — 4,100 18,823 99,090 
Inter-segment 2,219 3,084 16,506 22,250 24,822 68,881 
   Total segment revenue1,357,822 490,904 272,048 313,126 168,577 2,602,477 
Less: inter-segment elimination(2,219)(3,084)(16,506)(22,250)(24,822)(68,881)
Total external revenue$1,355,603 $487,820 $255,542 $290,876 $143,755 $2,533,596 

Three Months Ended March 31, 2024
VistaPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$296,717 $— $— $51,932 $39,743 $388,392 
Europe99,381 149,552 85,532 28,928 — 363,393 
Other21,533 — — 1,183 6,087 28,803 
Inter-segment (1) 448 1,125 1,561 6,536 2,625 12,295 
   Total segment revenue (1)418,079 150,677 87,093 88,579 48,455 792,883 
Less: inter-segment elimination (1)
(448)(1,125)(1,561)(6,536)(2,625)(12,295)
Total external revenue$417,631 $149,552 $85,532 $82,043 $45,830 $780,588 

Nine Months Ended March 31, 2024
VistaPrintBrothersThe Print GroupNational PenAll OtherTotal
Revenue by Geographic Region:
North America$911,465 $— $— $163,896 $132,527 $1,207,888 
Europe315,926 465,472 253,360 120,147 — 1,154,905 
Other71,303 — — 4,591 20,558 96,452 
Inter-segment (1) 1,680 3,329 5,305 16,837 6,557 33,708 
   Total segment revenue (1)1,300,374 468,801 258,665 305,471 159,642 2,492,953 
Less: inter-segment elimination (1)
(1,680)(3,329)(5,305)(16,837)(6,557)(33,708)
Total external revenue$1,298,694 $465,472 $253,360 $288,634 $153,085 $2,459,245 
_____________________
(1) The prior period segment results have been adjusted to ensure comparability with the new methodology used for inter-segment transactions. Refer to the discussion above for further details.
The following table includes segment EBITDA by reportable segment, total income from operations and total income before income taxes:
 Three Months Ended March 31, Nine Months Ended March 31,
 20252024 (1)20252024 (1)
Segment EBITDA:
Vista
$78,100 $76,834 $247,370 $263,282 
PrintBrothers
17,729 17,225 61,218 66,237 
The Print Group
15,128 17,233 51,556 47,049 
National Pen
3,835 4,214 22,376 20,841 
All Other Businesses
5,132 3,259 15,534 16,648 
Inter-segment elimination
(7,388)(3,183)(19,467)(8,655)
Total segment EBITDA112,536 115,582 378,587 405,402 
Central and corporate costs(34,860)(39,472)(109,035)(107,219)
Depreciation and amortization(34,300)(37,072)(105,057)(116,103)
Restructuring-related charges(466)(128)(728)(277)
Certain impairments and other adjustments (2,369)328 (2,938)(786)
Total income from operations
40,541 39,238 160,829 181,017 
Other (expense) income, net(9,441)(3,651)10,745 2,377 
Interest expense, net(26,995)(30,158)(87,575)(89,946)
Gain (loss) on early extinguishment of debt19 — (498)1,721 
Income before income taxes$4,124 $5,429 $83,501 $95,169 
_____________________
(1) The prior period segment results have been adjusted to ensure comparability with the new methodology used for inter-segment transactions. Refer to the discussion above for further details.
 Three Months Ended March 31, Nine Months Ended March 31,
 2025202420252024
Depreciation and amortization:
Vista$13,013 $13,040 $39,164 $41,091 
PrintBrothers3,107 3,789 9,973 11,702 
The Print Group4,600 6,184 14,700 18,006 
National Pen3,113 3,228 9,547 13,408 
All Other Businesses4,936 4,604 14,326 13,660 
Central and corporate costs5,531 6,227 17,347 18,236 
Total depreciation and amortization$34,300 $37,072 $105,057 $116,103 

Three Months Ended March 31, Nine Months Ended March 31,
2025202420252024
Purchases of property, plant and equipment:
Vista$11,595 $6,488 $28,889 $15,958 
PrintBrothers4,416 (132)7,523 5,110 
The Print Group6,559 1,933 18,872 12,976 
National Pen890 313 3,366 4,468 
All Other Businesses848 1,455 7,900 4,871 
Central and corporate costs484 413 1,661 1,042 
Total purchases of property, plant and equipment$24,792 $10,470 $68,211 $44,425 
Three Months Ended March 31, Nine Months Ended March 31,
2025202420252024
Capitalization of software and website development costs:
Vista$6,838 $6,231 $19,439 $18,921 
PrintBrothers852 521 2,445 1,434 
The Print Group1,198 891 3,653 2,641 
National Pen1,118 1,111 3,365 3,087 
All Other Businesses1,354 1,582 4,610 3,879 
Central and corporate costs4,983 4,699 14,079 13,417 
Total capitalization of software and website development costs$16,343 $15,035 $47,591 $43,379 
The following table sets forth long-lived assets by geographic area:
 March 31, 2025June 30, 2024
Long-lived assets (1):  
United States
$70,256 $77,095 
Canada66,182 54,848 
Switzerland66,178 67,201 
Netherlands57,753 60,974 
Italy38,206 37,380 
Germany34,835 31,656 
France27,325 28,002 
Australia24,081 22,131 
Other105,672 94,162 
Total$490,488 $473,449 
___________________
(1) Excludes goodwill of $792,749 and $787,138, intangible assets, net of $61,905 and $76,560, deferred tax assets of $87,806 and $95,059, and equity method investments of $1,583 and $1,904 as of March 31, 2025 and June 30, 2024, respectively.