Aci Worldwide, Inc 8-K, filed Nov 5, 2026
Aci Worldwide, Inc. (ACIW)
8-K
2026-11-05
For: 2026-11-05
View Original
Added on
November 05, 2026
About this 8-K
Aci Worldwide, Inc filed this 8-K on November 5, 2026.
ACI Worldwide reported Q3 2026 revenue of $427 million, down 12%, net income of $33 million and adjusted EBITDA of $98 million. It reiterated full-year 2026 revenue guidance of $1.895 billion to $1.925 billion and raised adjusted EBITDA guidance to $550 million to $565 million. AI summary
Items reported
- Item 2.02: Financial results
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________
FORM 8-K
___________________________
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 5, 2026
Commission File Number 0-25346
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | |||||||||||||
(402 ) 390-7600
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operation and Financial Condition.
On November 5, 2026, the Company issued a press release announcing its financial results for the three months ended September 30, 2026. A copy of this press release is attached hereto as Exhibit 99.1.
The foregoing information (including the exhibits hereto) is being furnished under “Item 2.02 – Results of Operations and Financial Condition” and “Item 7.01 – Regulation FD Disclosure.” Such information (including the exhibits hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
The filing of this report and the furnishing of this information pursuant to Items 2.02 and 7.01 do not mean that such information is material or that disclosure of such information is required.
Item 7.01. Regulation FD Disclosure.
See “Item 2.02 – Results of Operation and Financial Condition” above.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Press Release dated November 5, 2026 | |||||
| Investor presentation materials dated November 5, 2026 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
ACI WORLDWIDE, INC. (Registrant) | ||||||||
| Date: November 5, 2026 | By: | /s/ ROBERT W. LEIBROCK | ||||||
| Robert W. Leibrock | ||||||||
Executive Vice President, Chief Financial Officer and Chief Accounting Officer (Principal Financial Officer) | ||||||||
Exhibit 99.1
ACI Worldwide Reports Third Quarter 2026
Results; Raising FY 2026 Adjusted EBITDA Guidance
HIGHLIGHTS
•Q3 revenue of $427 million, net income of $33 million, adjusted EBITDA of $98 million
•YTD operating cash flow of $254 million, up 26%
•Q3 new ARR bookings up 86%, with growth across both Payment Software and Biller segments
•Successful go-live of first ACI Connetic customer, announced two additional ACI Connetic wins
•Repurchased 3.4 million shares YTD for $157 million, on track to allocate 50-60% of 2026 operating cash flow to share repurchases
•Accelerated modernization vision and expanded addressable market with the acquisition of Cranium Ventures
•Reiterating FY 2026 revenue guidance, raising adjusted EBITDA guidance
Omaha, NE — November 5, 2026 — ACI Worldwide (NASDAQ: ACIW), a leading provider of global payments technology, today announced financial results for the third quarter ended September 30, 2026.
“ACI executed well in the third quarter, delivering results ahead of expectations, demonstrating the significant progress we have achieved against our key strategic priorities. ARR bookings were particularly strong, reflecting healthy demand across the business,” said Thomas Warsop, President and CEO of ACI Worldwide.
“We continue to see strong momentum in our innovation agenda, reaching important milestones with ACI Connetic, including our first customer go-live and two additional wins, while continuing to advance Speedpay ONE for our bill pay customers. We are investing to accelerate growth momentum, including the acquisition of Cranium Ventures to add multi-rail card switching microservices, while maintaining our balanced, disciplined approach to capital allocation by returning approximately $157 million year-to-date to shareholders through share repurchases. With high visibility into scheduled renewals, we are confident in our full-year outlook of upper-single-digit revenue growth with margin expansion.”
Q3 2026 FINANCIAL SUMMARY
Q3 2026 total revenue was $427 million, down 12% from Q3 2025, or down 11% on a constant currency basis, due primarily to the timing of this year's license renewals. Recurring revenue was $309 million, up 4% from Q3 2025, on a reported and constant currency basis.
Net income of $33 million in Q3 2026 compares to net income of $91 million in Q3 2025. Total adjusted EBITDA in Q3 2026 was $98 million, down 43% from Q3 2025, or down 42% on a constant currency basis. Net adjusted EBITDA margin in Q3 2026 was 35%, down from 49% in Q3 2025.
GAAP diluted EPS in Q3 2026 was $0.32 and adjusted diluted EPS was $0.54, down 50% from Q3 2025.
PAYMENT SOFTWARE SEGMENT RESULTS
Payment Software revenue in Q3 2026 was $216 million, down 24% from Q3 2025, or down 23% on a constant currency basis, reflecting the expected concentration of 2026 renewals in the fourth quarter. Recurring revenue in the segment, which represents SaaS and Maintenance revenues, decreased 1% on a reported and constant currency basis versus Q3 2025.
Payment Software adjusted EBITDA in Q3 2026 was $107 million, down 41%, on a reported and constant currency basis from Q3 2025. As a result, net adjusted EBITDA margin in Q3 2026 was 49%, down from 64% in Q3 2025. The company continues to expect upper-single-digit Payment Software revenue growth for the full-year 2026, with the strongest quarterly growth in the fourth quarter.
BILLER SEGMENT RESULTS
Biller revenue in Q3 2026 was $210 million, up 6% from Q3 2025 on a reported and constant currency basis. Biller revenue, net of interchange fees, was $66 million, up 5%, from Q3 2025, benefiting from continued progress on interchange optimization. Based on new business wins and current transaction trends, the company continues to expect upper-single-digit Biller revenue growth for the full-year 2026.
Biller adjusted EBITDA in Q3 2026 was $34 million, up 4%, from Q3 2025. Net adjusted EBITDA margin, net of interchange fees, was 51%, in line with Q3 2025.
YEAR-TO-DATE 2026 FINANCIAL SUMMARY
Year-to-date 2026 total revenue was $1.3 billion, in line with the same period last year, on a reported and constant currency basis. Recurring revenue was $959 million, up 6% from year-to-date 2025, or up 5% on a constant currency basis. Year-to-date 2026 net income of $103 million compares to net income of $162 million for year-to-date 2025, which included a $22 million after-tax gain on the sale of our minority interest in Mindgate. GAAP diluted EPS for year-to-date 2026 was $1.01 and adjusted diluted EPS was $1.70, down 12% from year-to-date 2025.
Total adjusted EBITDA for year-to-date 2026 was $294 million, down 15% from year-to-date 2025, or down 16% on a constant currency basis. Net adjusted EBITDA margin for year-to-date 2026 was 36%, down from 40% in year-to-date 2025.
NEW BOOKINGS
Net new ARR bookings in Q3 2026 were $24 million, up 86%, from Q3 2025. New license and services bookings were $64 million in Q3 2026, down 21% from Q3 2025. Net new ARR bookings for the trailing 12 months ended September 30, 2026 were $79 million, down 3% from 2025. New license and services bookings for the trailing 12 months ended September 30, 2026 were $238 million, down 22% from 2025. The company continues to expect growth for both full-year 2026 new ARR and new license and services bookings.
BALANCE SHEET AND LIQUIDITY, CASH FLOW, AND REPURCHASES
ACI ended Q3 2026 with $219 million in cash on hand and a debt balance of $821 million, representing a net debt leverage ratio of 1.3x adjusted EBITDA. ACI had total cash and available liquidity under its credit facility of $587 million. Operating cash flows for year-to-date 2026 were $254 million, up 26% from $201 million for year-to-date 2025.
During Q3 2026, the company repurchased approximately 935,000 shares for approximately $50 million. Year-to-date 2026, repurchases totaled 3.4 million shares for approximately $157 million at an average price of $45.69. The company has $299 million of availability under the existing repurchase authorization and continues to expect to allocate 50-60% of operating cash flow to share repurchases for the full year, subject to market conditions.
RAISING 2026 ADJUSTED EBITDA GUIDANCE
Based on YTD 2026 performance and strong visibility into the remainder of the year, the company reiterates its full-year 2026 revenue guidance and increases full-year adjusted EBITDA guidance. The company expects revenue in the range of $1.895 billion to $1.925 billion and adjusted EBITDA in the range of $550 million to $565 million, which is up from the range of $545 million to $560 million. The company expects Q4 2026 revenue of $612 million to $642 million and adjusted EBITDA of $257 million to $272 million.
CONFERENCE CALL TO DISCUSS FINANCIAL RESULTS
Today, management will host a conference call at 8:30 a.m. ET to discuss these results.
Webcast: http://investor.aciworldwide.com/
Pre-registration (recommended): https://events.q4inc.com/analyst/936018884?pwd=TE42ZJuT
Pre-registration provides a unique passcode to join without operator assistance.
Standard Dial-in:
Meeting ID: 936018884
USA Toll-Free: 1 833 461 5787
International Toll: 1 585 542 9983
About ACI Worldwide
ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With more than 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.
© Copyright ACI Worldwide, Inc. 2026.
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay ONE and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners.
For more information contact:
Investor Relations
John Kraft
SVP, Head of Strategy and Finance
305-894-2223 / john.kraft@aciworldwide.com
To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude significant transaction-related expenses, as well as other significant non-cash expenses such as depreciation, amortization, and stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. The presentation of these non-GAAP financial measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management generally compensates for limitations in the use of non-GAAP financial measures by relying on comparable GAAP financial measures and providing investors with a reconciliation of non-GAAP financial measures only in addition to and in conjunction with results presented in accordance with GAAP.
We believe that these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business. Certain non-GAAP measures include:
•Adjusted EBITDA: net income (loss) plus income tax expense (benefit), net interest income (expense), net other income (expense), depreciation, amortization and stock-based compensation, as well as significant transaction-related expenses. Adjusted EBITDA should be considered in addition to, rather than as a substitute for, net income (loss).
•Net Adjusted EBITDA Margin: Adjusted EBITDA divided by revenue net of pass-through interchange revenue. Net Adjusted EBITDA Margin should be considered in addition to, rather than as a substitute for, net income (loss).
•Adjusted Diluted EPS: diluted EPS plus tax effected significant transaction related items, amortization of acquired intangibles and software, and non-cash stock-based compensation. Adjusted diluted EPS should be considered in addition to, rather than as a substitute for, diluted EPS.
•Recurring Revenue: revenue from software as a service and platform as a service fees and maintenance fees. Recurring revenue should be considered in addition to, rather than as a substitute for, total revenue.
•ARR: New annual recurring revenue expected to be generated from new accounts, new applications, and add-on sales bookings contracts signed in the period.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words or phrases such as “believes,” “will,” “expects,” “anticipates,” “intends,” and words and phrases of similar impact. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements in this press release include, but are not limited to: (i) we continue to see strong momentum in our innovation agenda, reaching important milestones with ACI Connetic, including our first customer go-live and two additional wins, while continuing to advance Speedpay ONE for our bill pay customers, (ii) with high visibility into scheduled renewals, we are confident in our full year outlook of upper-single-digit revenue growth with margin expansion, (iii) we expect both Payment Software and Biller segments to grow upper single digits, (iv) the company continues to expect growth for both full year 2026 new ARR and new license and services bookings, (v) our full‑year outlook including Q4 2026 and full-year 2026 revenue and adjusted EBITDA financial guidance, and (vi) expectations to allocate 50-60% of operating cash flow to share repurchases for the full year, subject to market conditions.
All of the foregoing forward-looking statements are expressly qualified by the risk factors discussed in our filings with the Securities and Exchange Commission. Such factors include, but are not limited to, increased competition, business interruptions, cybersecurity incidents or failure of our information technology and communication systems, security breaches, reliance on third-party cloud infrastructure and related services, reliance on third-parties, our ability to attract and retain senior management personnel and skilled technical employees, future acquisitions, strategic partnerships and investments, divestitures and other restructuring activities, implementation and success of our strategy, anti-takeover provisions, exposure to credit or operating risks arising from certain payment funding methods, loss caused by theft or fraud, customer reluctance to switch to a new vendor, our ability to adequately defend our intellectual property, litigation, consent orders and other compliance agreements, our offshore software development activities, risks from operating internationally, including fluctuations in currency exchange rates, adoption of ACI Connetic, adverse changes in the global economy, compliance of our products with applicable legislation, governmental regulations and industry standards, the complexity of our products and services and the risk that they may contain hidden defects, legal and business risks from artificial intelligence technology incorporated into our products, risks to our business from the use of artificial intelligence by our workforce, complex regulations applicable to our payments business, our compliance with privacy and cybersecurity regulations, compliance with requirements of the payment card networks and Nacha, exposure to unknown tax liabilities, changes in tax laws and regulations, consolidations and failures in the financial services industry, volatility in our stock price, demand for our products, failure to obtain renewals of customer contracts or to obtain such renewals on favorable terms, delay or cancellation of customer projects or inaccurate project completion estimates, changes in card association and debit network fees or products, impairment of our goodwill or intangible assets, the accuracy of management’s backlog estimates, the cyclical nature of our revenue and earnings and the accuracy of forecasts due to the concentration of revenue-generating activity during the final weeks of each quarter, restrictions and other financial covenants in our debt agreements, our existing levels of debt, incurring additional debt, events outside of our control including natural disasters, wars, and outbreaks of disease, and revenues or revenue mix below expectations. For a detailed discussion of these risk factors, parties that are relying on the forward-looking statements should review our filings with the Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
ACI WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited and in thousands)
| September 30, 2026 | December 31, 2025 | ||||||||||
| ASSETS | |||||||||||
| Current assets | |||||||||||
| Cash and cash equivalents | $ | 218,780 | $ | 196,462 | |||||||
| Receivables, net of allowances | 428,312 | 445,866 | |||||||||
| Settlement assets | 473,593 | 397,346 | |||||||||
| Prepaid expenses | 37,502 | 29,876 | |||||||||
| Other current assets | 27,477 | 19,564 | |||||||||
| Total current assets | 1,185,664 | 1,089,114 | |||||||||
| Noncurrent assets | |||||||||||
| Accrued receivables, net | 356,655 | 391,719 | |||||||||
| Property and equipment, net | 36,735 | 37,363 | |||||||||
| Operating lease right-of-use assets | 24,838 | 28,733 | |||||||||
| Software, net | 60,442 | 77,523 | |||||||||
| Goodwill | 1,230,956 | 1,231,128 | |||||||||
| Intangible assets, net | 130,809 | 147,062 | |||||||||
| Deferred income taxes, net | 73,401 | 73,124 | |||||||||
| Other noncurrent assets | 25,391 | 29,141 | |||||||||
| TOTAL ASSETS | $ | 3,124,891 | $ | 3,104,907 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
| Current liabilities | |||||||||||
| Accounts payable | $ | 56,830 | $ | 64,931 | |||||||
| Settlement liabilities | 473,078 | 396,034 | |||||||||
| Employee compensation | 45,053 | 56,142 | |||||||||
| Current portion of long-term debt | 40,989 | 40,941 | |||||||||
| Deferred revenue | 79,650 | 73,637 | |||||||||
| Other current liabilities | 65,489 | 73,958 | |||||||||
| Total current liabilities | 761,089 | 705,643 | |||||||||
| Noncurrent liabilities | |||||||||||
| Deferred revenue | 13,144 | 13,620 | |||||||||
| Long-term debt | 775,966 | 776,667 | |||||||||
| Deferred income taxes, net | 38,269 | 38,514 | |||||||||
| Operating lease liabilities | 18,068 | 22,609 | |||||||||
| Other noncurrent liabilities | 25,190 | 28,776 | |||||||||
| Total liabilities | 1,631,726 | 1,585,829 | |||||||||
| Commitments and contingencies | |||||||||||
| Stockholders’ equity | |||||||||||
| Preferred stock | — | — | |||||||||
| Common stock | 702 | 702 | |||||||||
| Additional paid-in capital | 774,147 | 761,523 | |||||||||
| Retained earnings | 1,927,376 | 1,824,743 | |||||||||
| Treasury stock | (1,100,467) | (964,752) | |||||||||
| Accumulated other comprehensive loss | (108,593) | (103,138) | |||||||||
| Total stockholders’ equity | 1,493,165 | 1,519,078 | |||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 3,124,891 | $ | 3,104,907 | |||||||
ACI WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited and in thousands, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Revenues | |||||||||||||||||||||||
| Software as a service and platform as a service | $ | 258,340 | $ | 246,916 | $ | 805,059 | $ | 755,257 | |||||||||||||||
| License | 94,801 | 161,957 | 251,637 | 303,161 | |||||||||||||||||||
| Maintenance | 50,981 | 51,420 | 153,457 | 150,483 | |||||||||||||||||||
| Services | 22,689 | 22,066 | 72,830 | 69,281 | |||||||||||||||||||
| Total revenues | 426,811 | 482,359 | 1,282,983 | 1,278,182 | |||||||||||||||||||
| Operating expenses | |||||||||||||||||||||||
| Cost of revenue (1) | 231,404 | 223,138 | 708,713 | 671,316 | |||||||||||||||||||
| Research and development | 50,129 | 42,567 | 142,121 | 122,582 | |||||||||||||||||||
| Selling and marketing | 29,576 | 30,710 | 90,415 | 91,637 | |||||||||||||||||||
| General and administrative | 41,681 | 34,098 | 116,381 | 99,341 | |||||||||||||||||||
| Depreciation and amortization | 21,656 | 24,140 | 70,849 | 72,226 | |||||||||||||||||||
| Total operating expenses | 374,446 | 354,653 | 1,128,479 | 1,057,102 | |||||||||||||||||||
| Operating income | 52,365 | 127,706 | 154,504 | 221,080 | |||||||||||||||||||
| Other income (expense) | |||||||||||||||||||||||
| Interest expense | (12,559) | (14,811) | (36,736) | (44,021) | |||||||||||||||||||
| Interest income | 3,481 | 3,676 | 12,679 | 11,674 | |||||||||||||||||||
| Other, net | (1,093) | 1,551 | 1,095 | 18,898 | |||||||||||||||||||
| Total other income (expense) | (10,171) | (9,584) | (22,962) | (13,449) | |||||||||||||||||||
Income before income taxes | 42,194 | 118,122 | 131,542 | 207,631 | |||||||||||||||||||
Income tax expense | 9,665 | 26,872 | 28,909 | 45,309 | |||||||||||||||||||
Net income | $ | 32,529 | $ | 91,250 | $ | 102,633 | $ | 162,322 | |||||||||||||||
Income per common share | |||||||||||||||||||||||
| Basic | $ | 0.32 | $ | 0.88 | $ | 1.01 | $ | 1.56 | |||||||||||||||
| Diluted | $ | 0.32 | $ | 0.88 | $ | 1.01 | $ | 1.54 | |||||||||||||||
| Weighted average common shares outstanding | |||||||||||||||||||||||
| Basic | 100,823 | 103,245 | 101,412 | 104,316 | |||||||||||||||||||
| Diluted | 101,316 | 103,895 | 101,939 | 105,264 | |||||||||||||||||||
(1) The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.
| ACI WORLDWIDE, INC. AND SUBSIDIARIES | |||||||||||||||||||||||
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | |||||||||||||||||||||||
| (unaudited and in thousands) | |||||||||||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Cash flows from operating activities: | |||||||||||||||||||||||
Net income | $ | 32,529 | $ | 91,250 | $ | 102,633 | $ | 162,322 | |||||||||||||||
Adjustments to reconcile net income to net cash flows from operating activities: | |||||||||||||||||||||||
| Depreciation | 3,652 | 3,183 | 10,647 | 9,528 | |||||||||||||||||||
| Amortization | 18,066 | 20,957 | 60,388 | 62,698 | |||||||||||||||||||
| Amortization of operating lease right-of-use assets | 2,445 | 2,403 | 7,106 | 7,245 | |||||||||||||||||||
| Amortization of deferred debt issuance costs | 404 | 421 | 1,223 | 1,691 | |||||||||||||||||||
| Deferred income taxes | 287 | 5,341 | 3,968 | 1,133 | |||||||||||||||||||
| Stock-based compensation expense | 18,359 | 17,381 | 53,978 | 45,419 | |||||||||||||||||||
Gain on sale of equity investment | — | — | — | (25,927) | |||||||||||||||||||
| Other | 2,176 | 1,119 | 1,999 | 1,992 | |||||||||||||||||||
| Changes in operating assets and liabilities: | |||||||||||||||||||||||
| Receivables | 26,398 | (83,007) | 47,732 | (34,316) | |||||||||||||||||||
| Accounts payable | (8,025) | (2,413) | 732 | 9,998 | |||||||||||||||||||
| Accrued employee compensation | 6,739 | 6,748 | (10,908) | (9,454) | |||||||||||||||||||
| Deferred revenue | 4,006 | (9,784) | 5,340 | (17,625) | |||||||||||||||||||
| Other current and noncurrent assets and liabilities | 12,040 | 19,439 | (30,726) | (13,648) | |||||||||||||||||||
| Net cash flows from operating activities | 119,076 | 73,038 | 254,112 | 201,056 | |||||||||||||||||||
| Cash flows from investing activities: | |||||||||||||||||||||||
| Purchases of property and equipment | (2,738) | (3,404) | (12,593) | (7,730) | |||||||||||||||||||
| Purchases of software | (6,155) | (6,501) | (24,524) | (18,643) | |||||||||||||||||||
Proceeds from sale of equity investment | — | — | — | 46,021 | |||||||||||||||||||
| Net cash flows from investing activities | (8,893) | (9,905) | (37,117) | 19,648 | |||||||||||||||||||
| Cash flows from financing activities: | |||||||||||||||||||||||
| Proceeds from issuance of common stock | 883 | 871 | 2,649 | 2,503 | |||||||||||||||||||
| Proceeds from exercises of stock options | — | 466 | 1,352 | 1,262 | |||||||||||||||||||
| Repurchase of stock-based compensation awards for tax withholdings | (4,187) | (3,628) | (23,257) | (23,854) | |||||||||||||||||||
| Repurchases of common stock | (50,041) | (16,253) | (156,794) | (150,023) | |||||||||||||||||||
Redemption of 2026 Notes | — | — | — | (400,000) | |||||||||||||||||||
| Proceeds from revolving credit facility | 30,000 | — | 70,000 | 290,000 | |||||||||||||||||||
| Repayment of revolving credit facility | (25,000) | (20,000) | (40,000) | (120,000) | |||||||||||||||||||
| Proceeds from term portion of credit agreement | — | — | — | 200,000 | |||||||||||||||||||
| Repayment of term portion of credit agreement | (10,625) | (10,625) | (31,875) | (29,375) | |||||||||||||||||||
| Payments on or proceeds from other debt, net | (600) | (1,301) | (11,266) | (11,965) | |||||||||||||||||||
| Payments for debt issuance costs | — | — | — | (134) | |||||||||||||||||||
| Net increase (decrease) in settlement assets and liabilities | 361 | (55,234) | (6,237) | 6,339 | |||||||||||||||||||
| Net cash flows from financing activities | (59,209) | (105,704) | (195,428) | (235,247) | |||||||||||||||||||
| Effect of exchange rate fluctuations on cash | (1,153) | (2,973) | (6,283) | 2,936 | |||||||||||||||||||
| Net increase (decrease) in cash and cash equivalents | 49,821 | (45,544) | 15,284 | (11,607) | |||||||||||||||||||
| Cash and cash equivalents, including settlement deposits, beginning of period | 224,459 | 298,955 | 258,996 | 265,018 | |||||||||||||||||||
| Cash and cash equivalents, including settlement deposits, end of period | $ | 274,280 | $ | 253,411 | $ | 274,280 | $ | 253,411 | |||||||||||||||
| Reconciliation of cash and cash equivalents to the Consolidated Balance Sheets | |||||||||||||||||||||||
| Cash and cash equivalents | $ | 218,780 | $ | 199,268 | $ | 218,780 | $ | 199,268 | |||||||||||||||
| Settlement deposits | 55,500 | 54,143 | 55,500 | 54,143 | |||||||||||||||||||
| Total cash and cash equivalents | $ | 274,280 | $ | 253,411 | $ | 274,280 | $ | 253,411 | |||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| Adjusted EBITDA (millions) | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||
Net income | $ | 32.5 | $ | 91.3 | $ | 102.6 | $ | 162.3 | |||||||||||||||
| Plus: | |||||||||||||||||||||||
Income tax expense | 9.7 | 26.9 | 28.9 | 45.3 | |||||||||||||||||||
| Net interest expense | 9.1 | 11.1 | 24.1 | 32.3 | |||||||||||||||||||
| Net other (income) expense | 1.1 | (1.6) | (1.1) | (18.9) | |||||||||||||||||||
| Depreciation expense | 3.6 | 3.2 | 10.6 | 9.6 | |||||||||||||||||||
| Amortization expense | 18.1 | 21.0 | 60.4 | 62.7 | |||||||||||||||||||
| Non-cash stock-based compensation expense | 18.4 | 17.4 | 54.0 | 45.4 | |||||||||||||||||||
| Adjusted EBITDA before significant transaction-related expenses | $ | 92.4 | $ | 169.3 | $ | 279.5 | $ | 338.7 | |||||||||||||||
| Significant transaction-related expenses: | |||||||||||||||||||||||
| Cost reduction strategies | 0.5 | 1.2 | 6.3 | 6.3 | |||||||||||||||||||
| Other | 4.6 | 0.1 | 7.7 | 0.5 | |||||||||||||||||||
| Adjusted EBITDA | $ | 97.5 | $ | 170.6 | $ | 293.5 | $ | 345.5 | |||||||||||||||
| Revenue, net of interchange: | |||||||||||||||||||||||
| Revenue | $ | 426.8 | $ | 482.4 | $ | 1,283.0 | $ | 1,278.2 | |||||||||||||||
| Interchange | 144.3 | 135.3 | 456.2 | 417.1 | |||||||||||||||||||
| Revenue, net of interchange | $ | 282.5 | $ | 347.1 | $ | 826.8 | $ | 861.1 | |||||||||||||||
| Net Adjusted EBITDA Margin | 35 | % | 49 | % | 36 | % | 40 | % | |||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| Segment Information (millions) | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||
| Revenue | |||||||||||||||||||||||
Payment Software | $ | 216.4 | $ | 284.0 | $ | 626.2 | $ | 664.1 | |||||||||||||||
Biller | 210.4 | 198.3 | 656.8 | 614.1 | |||||||||||||||||||
| Total | $ | 426.8 | $ | 482.4 | $ | 1,283.0 | $ | 1,278.2 | |||||||||||||||
| Recurring Revenue | |||||||||||||||||||||||
Payment Software | $ | 98.9 | $ | 100.0 | $ | 301.7 | $ | 291.6 | |||||||||||||||
Biller | 210.4 | 198.3 | 656.8 | 614.1 | |||||||||||||||||||
| Total | $ | 309.3 | $ | 298.3 | $ | 958.5 | $ | 905.7 | |||||||||||||||
| Segment Adjusted EBITDA | |||||||||||||||||||||||
Payment Software | $ | 107.0 | $ | 181.7 | $ | 314.0 | $ | 371.5 | |||||||||||||||
Biller | 33.6 | 32.1 | 102.3 | 102.8 | |||||||||||||||||||
Note: Amounts may not recalculate due to rounding.
| Three Months Ended September 30, | |||||||||||||||||||||||
| 2026 | 2025 | ||||||||||||||||||||||
| EPS Impact of Non-cash and Significant Transaction-related Items (millions) | EPS Impact | $ in Millions (Net of Tax) | EPS Impact | $ in Millions (Net of Tax) | |||||||||||||||||||
| GAAP net income | $ | 0.32 | $ | 32.5 | $ | 0.88 | $ | 91.3 | |||||||||||||||
| Adjusted for: | |||||||||||||||||||||||
| Significant transaction-related expenses | 0.04 | 3.9 | 0.01 | 0.9 | |||||||||||||||||||
| Amortization of acquisition-related intangibles | 0.04 | 4.2 | 0.04 | 4.2 | |||||||||||||||||||
| Amortization of acquisition-related software | — | 0.1 | 0.03 | 3.2 | |||||||||||||||||||
| Non-cash stock-based compensation | 0.14 | 14.5 | 0.13 | 13.7 | |||||||||||||||||||
| Total adjustments | $ | 0.22 | $ | 22.7 | $ | 0.21 | $ | 22.0 | |||||||||||||||
| Adjusted Diluted EPS | $ | 0.54 | $ | 55.2 | $ | 1.09 | $ | 113.3 | |||||||||||||||
| Nine Months Ended September 30, | |||||||||||||||||||||||
| 2026 | 2025 | ||||||||||||||||||||||
| EPS Impact of Non-cash and Significant Transaction-related Items (millions) | EPS Impact | $ in Millions (Net of Tax) | EPS Impact | $ in Millions (Net of Tax) | |||||||||||||||||||
GAAP net income | $ | 1.01 | $ | 102.6 | $ | 1.54 | $ | 162.3 | |||||||||||||||
| Adjusted for: | |||||||||||||||||||||||
Gain on sale of equity investment | — | — | (0.21) | (21.7) | |||||||||||||||||||
| Significant transaction-related expenses | 0.10 | 10.7 | 0.05 | 5.0 | |||||||||||||||||||
| Amortization of acquisition-related intangibles | 0.12 | 12.6 | 0.12 | 12.5 | |||||||||||||||||||
| Amortization of acquisition-related software | 0.05 | 5.0 | 0.09 | 9.7 | |||||||||||||||||||
| Non-cash stock-based compensation | 0.42 | 42.6 | 0.34 | 35.9 | |||||||||||||||||||
| Total adjustments | $ | 0.69 | $ | 70.9 | $ | 0.39 | $ | 41.4 | |||||||||||||||
| Adjusted Diluted EPS | $ | 1.70 | $ | 173.5 | $ | 1.93 | $ | 203.7 | |||||||||||||||
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
| Recurring Revenue (millions) | 2026 | 2025 | 2026 | 2025 | |||||||||||||||||||
| SaaS and PaaS fees | $ | 258.3 | $ | 246.9 | $ | 805.1 | $ | 755.3 | |||||||||||||||
| Maintenance fees | 51.0 | 51.4 | 153.5 | 150.5 | |||||||||||||||||||
| Recurring Revenue | $ | 309.3 | $ | 298.3 | $ | 958.5 | $ | 905.7 | |||||||||||||||
| New Bookings (millions) | Three Months Ended September 30, | TTM Ended September 30, | |||||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| Annual recurring revenue (ARR) bookings | $ | 23.6 | $ | 12.6 | $ | 78.6 | $ | 81.1 | |||||||||||||||
| License and services bookings | 63.9 | 81.4 | 237.7 | 304.5 | |||||||||||||||||||
Note: Amounts may not recalculate due to rounding.
Q3 2026 Exhibit 99.2 Earnings Presentation November 5, 2026
Reform Act of 1995 Safe Harbor for Forward-Looking Statements This presentation contains forward-looking statements based on current expectations that involve a number of risks and uncertainties The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. A discussion of these forward-looking statements and risk factors that may affect them is set forth at the end of this presentation. The Company assumes no obligation to update any forward-looking statement in this presentation, except as required by law.
Powering the world’s payments ecosystem ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With more than 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.
ACI Financial Results Q3 2026 “ACI executed well in the third quarter, delivering results ahead of expectations, demonstrating the significant progress we have achieved against our key strategic priorities. ARR bookings were particularly strong, reflecting healthy demand across the business. We continue to see strong momentum in our innovation agenda, reaching important milestones with ACI Connetic, including our first customer go-live and two additional wins, while continuing to advance Speedpay ONE for our bill pay customers. We are investing to accelerate growth momentum, including the acquisition of Cranium Ventures to add multi-rail card switching microservices, while maintaining our balanced, disciplined approach to capital allocation by returning approximately $157 million year-to-date to shareholders through share repurchases. With high visibility into scheduled renewals, we are confident in our full-year outlook of upper-single-digit revenue growth with margin expansion.” Thomas W. Warsop, III ACI President and Chief Executive Officer CEO Perspective
Year-to-date 2026 and Q3 2026 Highlights Expect Strong Growth in Q4 2026 Q3 revenue of $427 million, net income of $33 million, adjusted EBITDA of $98 million YTD operating cash flow of $254 million, up 26% Q3 new ARR bookings up 86%, with growth across both Payment Software and Biller segments Successful go-live of first ACI Connetic customer and announced new ACI Connetic wins Strong financial position with $219M in cash and 1.3x net debt leverage ratio* 3.4 million shares repurchased YTD for $157M, ~60% of cash flow from operating activities Expect to allocate 50% to 60% of cash flow from operating activities in 2026 toward share repurchases Reiterating revenue guidance and raising adjusted EBITDA financial guidance for full year 2026 * Statistics as of September 30, 2026 ** Non-GAAP financial measures: For definitions, reconciliation to the nearest GAAP measures and additional information regarding our use of these non-GAAP measures, please refer to the Supplemental Financial Data
Q3 2026 Payment Software 6 Segment CommentarySegment EBITDASegment Revenue Successful go-live of first Connetic customerPayment Software adjusted EBITDA was $107M, down 41% versus Q3 2025 Payment Software revenue was $216M, down 23% versus Q3 2025 Acquired Cranium Ventures to add multi-rail card switching and microservices Payment Software net adjusted EBITDA margin of 49%, down from 64% in Q3 2025 Payment Software recurring revenue was $99M, down 1% Payment Software SaaS revenue was $48M, down 1% All growth rates are on a constant currency basis Year-to-date 2026 Payment Software Segment CommentarySegment EBITDASegment Revenue Connetic momentum acceleratingPayment Software adjusted EBITDA was $314M, down 17% versus year-to-date 2025 Payment Software revenue was $626M, down 7% versus year-to-date 2025 Expect Payment Software to grow upper single digits for FY 2026, with stronger concentration of renewals in Q4 Payment Software net adjusted EBITDA margin of 50%, down from 56% in year-to- date 2025 Payment Software recurring revenue was $302M, up 2% Expect growth in FY new ARR bookingsPayment Software SaaS revenue was $148M, up 4%
Q3 2026 Biller 7 Segment CommentarySegment EBITDASegment Revenue Continued progress on interchange optimizationBiller adjusted EBITDA was $34M, up 4% versus Q3 2025 Biller revenue was $210M, up 6% versus Q3 2025 Strong new ARR bookingsBiller net adjusted EBITDA margin of 51%, in line with Q3 2025 Biller interchange was $144M, versus $135M in Q3 2025 Biller net revenue was $66M, up 5% All growth rates are on a constant currency basis Year-to-date 2026 Biller Segment CommentarySegment EBITDASegment Revenue Speedpay ONE gaining momentumBiller adjusted EBITDA was $102M, down 1% versus year-to-date 2025 Biller revenue was $657M, up 7% versus year-to-date 2025 Continue to expect full-year 2026 Biller revenue growth in the high single digits Biller net adjusted EBITDA margin of 51%, down from 52% in year-to-date 2025 Biller interchange was $456M, versus $417M year-to-date 2025 Expect growth in FY new ARR bookingsBiller net revenue was $201M, up 2%
Year-to-date 2026 Cash Flow, Balance Sheet and Repurchases Uses of Cash*Balance Sheet and Liquidity*Cash Flow Repurchased approximately 3.4M shares YTD 2026 for approximately $157M; average price of $45.69 $219M cash on handCash flow from operations was $254M versus $201M in year-to-date 2025, up 26% $299M remains available under the share repurchase authorization $821M debt balance Net debt ratio of 1.3x EBITDA** Expect to allocate 50-60% of operating cash flow to share repurchases for the full year, subject to market conditions ACI had total cash and available liquidity under its credit facility of $587M * Statistics as of September 30, 2026 ** Non-GAAP financial measures: For definitions, reconciliation to the nearest GAAP measures and additional information regarding our use of these non-GAAP measures, please refer to the Supplemental Financial Data
2026 Financial Guidance Reiterating full year revenue guidance and raising full year adjusted EBITDA guidance Full Year GuidanceNext Quarter Guidance FY 2026Q4 2026 HighLowHighLow $1,925$1,895$642$612Revenue $565$550$272$257Adjusted EBITDA $ in millions • Expect both Payment Software and Biller segments to grow upper single digits • Expect to allocate 50% to 60% of cash flow from operating activities toward share repurchases, subject to market conditions • Capital expenditures expected to approximate $45M • Cash taxes expected to approximate $80M • Interest expense, net expected to approximate $32M • Depreciation and amortization expected to approximate $93M • Non-cash compensation expense expected to approximate $70 - 75M • Effective tax rate expected to approximate 24% • Diluted share count expected to approximate 101 million shares (excluding future share buy-back activity)
Supplemental Financial Data
Supplemental Financial Data Nine Months Ended September 30,Three Months Ended September 30, 2025202620252026Recurring Revenue (millions) $ 755.3$ 805.1$ 246.9$ 258.3SaaS and PaaS fees 150.5153.551.451.0Maintenance fees $ 905.7$ 958.5$ 298.3$ 309.3Recurring Revenue TTM Ended September 30,Three Months Ended September 30, 2025202620252026New Bookings (millions) $ 81.1$ 78.6$ 12.6$ 23.6Annual recurring revenue (ARR) bookings 304.5237.781.463.9License and services bookings Note: Amounts may not recalculate due to rounding.
Supplemental Financial Data Nine Months Ended September 30,Three Months Ended September 30, 2025202620252026Adjusted EBITDA (millions) $ 162.3$ 102.6$ 91.3$ 32.5Net income Plus: 45.328.926.99.7Income tax expense 32.324.111.19.1Net interest expense (18.9)(1.1)(1.6)1.1Net other (income) expense 9.610.63.23.6Depreciation expense 62.760.421.018.1Amortization expense 45.454.017.418.4Non-cash stock-based compensation expense $ 338.7$ 279.5$ 169.3$ 92.4Adjusted EBITDA before significant transaction-related expenses Significant transaction-related expenses: 6.36.31.20.5Cost reduction strategies 0.57.70.14.6Other $ 345.5$ 293.5$ 170.6$ 97.5Adjusted EBITDA Revenue, net of interchange $ 1,278.2$ 1,283.0$ 482.4$ 426.8Revenue 417.1456.2135.3144.3Interchange $ 861.1$ 826.8$ 347.1$ 282.5Revenue, net of interchange 40 %36 %49 %35 %Net Adjusted EBITDA Margin Note: Amounts may not recalculate due to rounding.
Supplemental Financial Data Nine Months Ended September 30,Three Months Ended September 30, 2025202620252026Segment Information (millions) Revenue $ 664.1$ 626.2$ 284.0$ 216.4Payment Software 614.1656.8198.3210.4Biller $ 1,278.2$ 1,283.0$ 482.4$ 426.8Total Revenue Recurring Revenue $ 291.6$ 301.7$ 100.0$ 98.9Payment Software 614.1656.8198.3210.4Biller $ 905.7$ 958.5$ 298.3$ 309.3Total Segment Adjusted EBITDA $ 371.5$ 314.0$ 181.7$ 107.0Payment Software 102.8102.332.133.6Biller Note: Amounts may not recalculate due to rounding.
Supplemental Financial Data Three Months Ended September 30, EPS Impact of Non-cash and Significant Transaction-related Items (millions) 20252026 $ in Millions (Net of Tax)EPS Impact $ in Millions (Net of Tax)EPS Impact $ 91.3$ 0.88$ 32.5$ 0.32GAAP net income Adjusted for: 0.90.013.90.04Significant transaction-related expenses 4.20.044.20.04Amortization of acquisition-related intangibles 3.20.030.1—Amortization of acquisition-related software 13.70.1314.50.14Non-cash stock-based compensation 22.00.2122.70.22Total adjustments $ 113.3$ 1.09$ 55.2$ 0.54Adjusted Diluted EPS Nine Months Ended September 30, EPS Impact of Non-cash and Significant Transaction-related Items (millions) 20252026 $ in Millions (Net of Tax)EPS Impact $ in Millions (Net of Tax)EPS Impact $ 162.3$ 1.54$ 102.6$ 1.01GAAP net income Adjusted for: (21.7)(0.21)——Gain on sale of equity investment 5.00.0510.70.10Significant transaction-related expenses 12.50.1212.60.12Amortization of acquisition-related intangibles 9.70.095.00.05Amortization of acquisition-related software 35.90.3442.60.42Non-cash stock-based compensation 41.40.3970.90.69Total adjustments $ 203.7$ 1.93$ 173.5$ 1.70Adjusted Diluted EPS Note: Amounts may not recalculate due to rounding.
Non-GAAP Financial Measures To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude significant transaction related expenses, as well as other significant non-cash expenses such as depreciation, amortization, and non-cash compensation, that we believe are helpful in understanding our past financial performance and our future results. The presentation of these non-GAAP financial measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management generally compensates for limitations in the use of non-GAAP financial measures by relying on comparable GAAP financial measures and providing investors with a reconciliation of non-GAAP financial measures only in addition to and in conjunction with results presented in accordance with GAAP. We believe that these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business. Certain non-GAAP measures include: ◦ Adjusted EBITDA: net income (loss) plus income tax expense (benefit), net interest income (expense), net other income (expense), depreciation, amortization, and non-cash compensation, as well as significant transaction related expenses. Adjusted EBITDA should be considered in addition to, rather than as a substitute for, net income (loss). ◦ Net Adjusted EBITDA Margin: Adjusted EBITDA divided by revenue net of pass-through interchange revenue. Net Adjusted EBITDA Margin should be considered in addition to, rather than as a substitute for, net income (loss). ◦ Adjusted Diluted EPS: diluted EPS plus tax effected significant transaction related items, amortization of acquired intangibles and software, and non-cash stock-based compensation. Adjusted diluted EPS should be considered in addition to, rather than as a substitute for, diluted EPS. ◦ Recurring Revenue: revenue from software as a service and platform service fees and maintenance fees. Recurring revenue should be considered in addition to, rather than as a substitute for, total revenue. ◦ ARR: New annual recurring revenue expected to be generated from new accounts, new applications, and add-on sales bookings contracts signed in the period.
Forward-Looking Statements This presentation contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words or phrases such as “believes,” “will,” “expects,” “anticipates,” “intends,” and words and phrases of similar impact. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this presentation include, but are not limited to: (i) we continue to see strong momentum in our innovation agenda, reaching important milestones with ACI Connetic, including our first customer go-live and two additional wins, while continuing to advance Speedpay ONE for our bill pay customers, (ii) with high visibility into scheduled renewals, we are confident in our full year outlook of upper-single-digit revenue growth with margin expansion, (iii) we expect both Payment Software and Biller segments to grow upper single digits, (iv) the company continues to expect growth for both full year 2026 new ARR and new license and services bookings, (v) our full-year outlook including Q4 2026 and full- year 2026 revenue and adjusted EBITDA financial guidance, and (vi) expectations to allocate 50-60% of operating cash flow to share repurchases for the full year, subject to market conditions. All of the foregoing forward-looking statements are expressly qualified by the risk factors discussed in our filings with the Securities and Exchange Commission. Such factors include, but are not limited to, increased competition, business interruptions, cybersecurity incidents or failure of our information technology and communication systems, security breaches, reliance on third-party cloud infrastructure and related services, reliance on third-parties, our ability to attract and retain senior management personnel and skilled technical employees, future acquisitions, strategic partnerships and investments, divestitures and other restructuring activities, implementation and success of our strategy, anti-takeover provisions, exposure to credit or operating risks arising from certain payment funding methods, loss caused by theft or fraud, customer reluctance to switch to a new vendor, our ability to adequately defend our intellectual property, litigation, consent orders and other compliance agreements, our offshore software development activities, risks from operating internationally, including fluctuations in currency exchange rates, adoption of ACI Connetic, adverse changes in the global economy, compliance of our products with applicable legislation, governmental regulations and industry standards, the complexity of our products and services and the risk that they may contain hidden defects, legal and business risks from artificial intelligence incorporated into our products, risks to our business from the use of artificial intelligence by our workforce, complex regulations applicable to our payments business, our compliance with privacy and cybersecurity regulations, compliance with requirements of the payment card networks and Nacha, exposure to unknown tax liabilities, changes in tax laws and regulations, consolidations and failures in the financial services industry, volatility in our stock price, demand for our products, failure to obtain renewals of customer contracts or to obtain such renewals on favorable terms, delay or cancellation of customer projects or inaccurate project completion estimates, changes in card association and debit network fees or products, impairment of our goodwill or intangible assets, the accuracy of management’s backlog estimates, the cyclical nature of our revenue and earnings and the accuracy of forecasts due to the concentration of revenue-generating activity during the final weeks of each quarter, restrictions and other financial covenants in our debt agreements, our existing levels of debt, incurring additional debt, events outside of our control including natural disasters, wars, and outbreaks of disease, and revenues or revenue mix below expectations. For a detailed discussion of these risk factors, parties that are relying on the forward-looking statements should review our filings with the Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.
