Donnelley Financial Solutions (DFIN)
NYSE:DFIN
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.67Last Year’s EPS
1.49Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed constructive progress: revenue growth, meaningful software-led mix shift, repeatable ActiveDisclosure momentum (including AI expansion), margin expansion, improved leverage and an active capital return program. These positives are tempered by near-term market volatility, a March-related slowdown in transaction activity, secular declines in print revenue, and some segment-specific margin pressure. Management provided modest near-term guidance while emphasizing transformation to higher-margin software and continued cost discipline.Company Guidance
Consolidated Revenue Growth
First quarter net sales of $205.5 million, up $4.4 million or 2.2% year-over-year, demonstrating topline growth despite a volatile market environment.
Adjusted EBITDA and Margin Expansion
First quarter adjusted EBITDA of $70.6 million, up $2.4 million or 3.5% year-over-year, with adjusted EBITDA margin of 34.4%, an improvement of approximately 50 basis points versus prior year.
Software Solutions Strong Performance and Mix Shift
Software Solutions net sales grew 8.4% year-over-year and represented 44.6% of total net sales (an increase of ~250 basis points YoY). On a trailing four-quarter basis Software Solutions made up 47.4% of net sales (up ~460 basis points), supporting the path to a ~60% target by 2028.
ActiveDisclosure Momentum and AI Rollout
ActiveDisclosure recurring compliance product delivered ~21% sales growth (sixth consecutive quarter of double-digit growth), driven by net client count increases and higher average value per client; ActiveIntelligence AI capabilities were expanded to all clients in April to boost productivity and differentiation.
Segment Wins — Capital Markets Software & Venue
Capital Markets Software Solutions net sales of $58.6 million, up $6.7 million or 12.9% YoY (subscription revenue +17%, service & support +36%). Venue net sales increased ~7% YoY (about $2 million), with new Venue product adoption accelerating.
Margin and Cost Control Improvements Across Segments
Adjusted non-GAAP gross margin improved to 64% (+30 basis points YoY). Segment adjusted EBITDA margin improvements include Capital Markets Software Solutions (+600 bps to 32.8%), Investment Company Software (+50 bps to 39.6%), and Investment Companies Compliance (+160 bps to 39%). Company highlighted cost control initiatives and price uplifts as drivers.
Improved Cash Flow and Strong Leverage Position
Free cash flow was negative $16 million but improved by $35 million versus prior year. Total debt $229.9 million and non-GAAP net debt $203.8 million with non-GAAP net leverage ratio of 0.8x, reflecting financial flexibility.
Share Repurchases and Capital Allocation
Repurchased ~595k shares for $28.3 million in Q1 (average $47.58 per share). Board authorized a new share repurchase program of up to $150 million (effective 04/17/2026 through 12/31/2027), indicating confidence in capital deployment strategy.
Product Innovation and Future Growth Opportunities
Introduced ArcFlex (module within ArcSuite) with first contract signed in Q1; company expects ArcFlex commercial scale through 2026 and more meaningful incremental revenue starting in 2027.
Q2 Guidance Reflects Modest Revenue Growth and Stable Margins
Company provided Q2 2026 guidance of consolidated net sales $215M–$225M (midpoint $220M, ~+1% YoY) and adjusted EBITDA margin 34%–36%, expecting Software Solutions growth and higher transactional revenue to offset print declines.
DFIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DFIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | $39.12 | $43.83 | +12.04% |
Oct 29, 2025 | $51.70 | $44.46 | -14.00% |
Jul 31, 2025 | $63.86 | $52.96 | -17.07% |
Apr 30, 2025 | $46.39 | $48.20 | +3.90% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Donnelley Financial Solutions (DFIN) report earnings?
Donnelley Financial Solutions (DFIN) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Donnelley Financial Solutions (DFIN) earnings time?
Donnelley Financial Solutions (DFIN) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DFIN EPS forecast?
DFIN EPS forecast for the fiscal quarter 2026 (Q2) is 1.67.