ACI Worldwide Delivers Revenue of $307 Million During Q3 2022

ACI Worldwide, a global leader in mission-critical, real-time payments software, has announced financial results for the quarter ending September 30, 2022. ACI delivered revenue of $307 million and adjusted EBITDA of $46 million.

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In Q3 2022, revenue was $307 million, down 3%, or up 1% compared to Q3 2021 adjusted for FX and the divestiture of ACI's Corporate Online Banking division, which was completed in September. Adjusted EBITDA in Q3 was $46 million, down 38%, compared to Q3 2021, or 36% adjusted for FX and the divestiture. Net adjusted EBITDA margin in Q3 2022 was 22%, or 21% adjusted for FX and the divestiture.

Bank segment revenue declined 11%, or 4% adjusted for FX and the divestiture; segment adjusted EBITDA decreased 26%, or 23% adjusted for FX and the divestiture, versus Q3 2021. 

Merchant segment revenue decreased 9%, or 3% adjusted for FX; segment adjusted EBITDA was down 31%, or 26% adjusted for FX, versus Q3 2021. Biller segment revenue grew 5% and segment adjusted EBITDA was down 18%, versus Q3 2021.

"In the third quarter, we again delivered revenue in line with guidance and saw notable bookings success across all segments, providing visibility into future revenue growth,"said Odilon Almeida, president and CEO of ACI Worldwide.

"The disciplined execution of ACI's three-pillar strategy remains intrinsic to our performance and provides the flexibility to invest in growth and return capital to shareholders through share repurchases. Our continued strong new ARR bookings and new business momentum across our segments enhance our confidence in our accelerating growth trajectory. We are also on track to launch our next-generation, real-time payments cloud platform in 2023, driving new growth across our business segments."