Shares of Deluxe Corporation (NYSE: DLX) are soaring 13.05% in intraday trading on Thursday, building on the momentum from pre-market activity. The significant upward movement comes after the financial technology company reported better-than-expected first-quarter earnings results for 2025.

Deluxe announced adjusted earnings per share of $0.75 for Q1 2025, surpassing the analyst consensus estimate of $0.71. This represents a 5.63% beat, despite a slight 1.32% year-over-year decrease. Revenue for the quarter came in at $536.5 million, exceeding expectations of $525.42 million and marking a modest 0.28% increase from the previous year. The company's data segment was a particular highlight, experiencing a 29% revenue growth year-over-year, driven by demand from financial institutions and the addition of 17 new customer logos.

Barry C. McCarthy, President and CEO of Deluxe, commented on the results, stating, "We reported a strong start to 2025, demonstrating consistent operating leverage across the portfolio." The company has maintained its full-year 2025 outlook ranges, suggesting confidence in its performance for the remainder of the year. Additionally, Deluxe received an S&P ratings upgrade and a positive ratings outlook, reflecting strong progress in balance sheet optimization. Investors appear to be responding positively to Deluxe's financial strength, stability, and growth prospects, particularly in its data segment, as reflected in the significant stock surge.