Yes, the application works on Windows 10, but it necessary to have version 7 as listed on the official website. These are the minimum requirements that you must meet in order to install and use the application properly on your PC:
MINIMUM SYSTEM REQUIREMENTS:
Windows Vista, Windows 7, Windows 8, Windows 10, Intel processor (or equivalent AMD processor) 1.6GHz or faster, 2GB RAM, 5GB Free Hard Drive Space to install all games, DirectX 9 compatible video card, DirectX compatible sound card, DVD-ROM drive, keyboard & mouse. Administrator privileges are required to properly install the program on Windows Vista, Windows 7, Windows 8, Windows 10.
As you can see, running as Administrator is also necessary to have it fully installed on PC.
To find more, access the following website: http://www.broderbund.com/p-860-printmaster-v7-platinum.aspx