and revenue prices. reported a morning, Melissa, record EPS continued adjusted execution initiatives with Thanks, fuel even quarter a our everyone. decline strong against in We good third year-over-year against results and high show that strategic
Now let's with results. the start quarter
fuel end guidance revenue continued by the corporate and to and third payments combination quarter, due strong a in $XX of top segments. total million our For both benefit exceeded the prices higher-than-expected of our growth
revenue in at QX over record XX% increase Total X% recurring of the more for came a than a of nature. revenue million, QX for XXXX high $XXX.X quarter with in
as a cash income factoring revenue assets business, As and fees payment we custodial processing from reminder, recurring define our HSA revenue servicing items. transaction and other smaller revenue, from processing account
$XX.X net In income XX.X% earnings to in XX.X%, and a was an Corporate basis, attributable last our by share. total, company million or higher combination per Benefits driven is margins From perspective, of margin improved in segments. from of a on we adjusted shareholders credit $X.XX had Payments operating for the GAAP income year, up QX which losses and
million is an share, Non-GAAP of and per income record adjusted was net XX% high. which $XXX.X diluted increase a $X.XX or
as continue corporate interest fuel rates. as results were decline to costs well rise due operating navigate prices a debt significant our Our to especially increase impressive we in and year-over-year a a in significant in as
recurring in a previous able quarters, Because and the increases. rate variety exposure, cash strong those custodial us balances through sustain allow revenue interest As I of durable are we vertical focused our of HSA revenue mitigate environments. throughout to balanced diverse and mentioned cycle macroeconomic earnings growth to our businesses,
Fuel domestic of million prices quarter with X% versus but QX the move price revenue last the a from in with year. starting to fuel let's year in Mobility was and strong, to Now prior average $XXX.X compared for results, are segment decrease Mobility. the retreated $X.XX a $X.XX XXXX.
$XX revenue $XX segment the to reason were segment strong continues fundamental fuel core revenue The than decreased for a prices price a year-over-year of from year. an million. with by our million reflect revenue fuel decline the volumes primary estimated decline highlights this segment declined XX% at lower fuel stable to mobility the prior more price last that overall level, while mobility impact greater versus year-over-year. revenue revenue This year, was model business quarter This
our customers last with year. year QX. processing roughly remained transactions U.S. was payment in levels, Similar year-over-year, slightly line quarter, expectations remained which Local was processing smaller flat the to the last And flat to payment below the ago were in for over-the-road compared transactions in approximately quarter. although decline than
Over-the-road model reflected utilized increase the in a larger trucking a which our transactions, customers direct X% had fleets, by bill in is line. other revenue
transactions customers compared year, a total were together, consider we and for in great a last OTR X% offerings in vertical. strong our which the to market reflects result Taken up down
in fuel previously decreased the year, of XX% let's prior in while fee our fees. a net revenue X% basis instances fee caused to Next, finance factoring mentioned decline revenue. points X and decreased late slowdown late decline fee number rate versus in the XX%. The turn prices, in revenue decline a The late
that reflects instances fee late in place. in the decline we the put tighter believe have We credit policies
these fee a taken significantly in impact have our also losses and positive lower the holistically, While credit tighter to late policies are slightly policies earnings company. revenue, these impact resulted
prices, Europe earned fuel favorable further contracts a offset interest touch will increase rate moment. last domestic and which The merchant was spreads lower interchange X is the losses basis mobility renewals from from the credit escalator from net points which benefits on merchant rate benefit in The segment contained terms. clauses various in by over rate up in negative continued reflects contract X.XX%, fuel year. in the rates I partly is at higher
were to losses. decline and QX operating now quarter XX.X% credit fuel The segment XX.X%, the margin last better spend from quickly prices guidance losses, significantly in better credit decreased interest by discuss I'll operating segment points and XX than at versus range the adjusted primarily in the costs The of the higher was XXXX. for in decrease due which basis volume. was our Mobility million of $XX offset year income in margin down
business loss The up compared the than in on results. U.S. an rates rates and several The to better rates low saw of customers trucking and we loss Likewise, based loss a had performing very the fleet ended guidance historical improving over-the-road that quarters we charge-off delinquencies lower even in when the provided expected. local moderated. over the elevated incorporated we past rate expectation
in range metrics. back losses to Fraud normal reserves a following the are close improved losses. this segment were quarters of the further elevated based several reduced loss on of rates by Overall, release
XX% in net is for down quarter of basis corporate XX% $XX.X billion, $XXX.X revenue to rate segment increased interchange million. now volume last The Turning sequentially. points was Purchase the increase the which payments. issued Total WEX year. an X versus by to segment was
We XX% corporate total customer payments. XX% see customers strength to grew strong travel represented Travel-related that volume last approximately in demand revenue versus drove and year, travel-related the continue to consumer compared while up results XXXX. spend QX of XX% in from was
customers down is by based rebate the The interchange expectation growth. rate being QX in for slightly tiers on which an higher reflected of travel-related customers, achieved strong volume from is
to continue but see travel to We a watch for slight have slowdown, trends continued signs to closely of we strong date. global trends
Outside to of essentially QX although volumes Payments The of margin continued up operating in unfavorable Corporate up volume. driven travel, income nontravel nontravel last year, from segment was adjusted delivered our product XX%, and flat XX.X% by were in an of mix due acceleration customers. XX.X%, an customer revenue
our very business revenue cost Our segment strong, and fixed given drop-through here for relatively this is the model high base. is
XXX%. income while grew QX, drop-through million. operating the more million revenue was For $XX compared Revenue to than adjusted example, grew $XX
performance. we and includes credit onetime release, strong, drop-through loss revenue the from a excluding this our were still Although pleased reserve benefit, benefit a with this was
this of which an of $XX Finally, to prior grew accounts SaaS [indiscernible] increase over prior XX% strong X% with revenue. segment XX%, the leading achieved versus segment $XX.X volume We million let's is QX at a again the X% QX increase purchase year. segment. or revenue in payment processing Benefits the in results look increased year. in million,
We held year. that revenue rate at WEX the third-party segment also due on X.XX% custodial deposits realized $XX X.XX% by banks the this average is to revenue were approximately million to $XX in invested increasing earned this increase of from $XX HSA cash funds from the year. to Approximately million interest bank year balances and last these compared in last million
census The Benefits XX.X% the segment HSA remainder adjusted to neutral With revenue to XXXX. transaction increase QX. in of be high the of million in the the income The for net cash incremental on of we from driver will continue the adjusted operating in and in compared September, was very margin that deposits income roughly approximately of invested has XXXX closing is it an custodial expect add margin. margins and XX.X% the primary revenue $XX
in Now ended a I our We position. update financial on the will provide balance healthy and remain $XXX quarter the million in cash. position sheet with an liquidity and
corporate We quarter the credit borrowing have $XXX defined company's of million available at of capacity end. agreement under $XXX cash million and as
our $X.X was The total billion. term of on and line loans outstanding balance revolving credit
term no our will end funding debt borrowings bank the is in compared to sheet year. bank short-term agreeing You program longer increase $XXX included after This the calculation balance our in the this as of see from change with last million a leverage group. QX on balance to
conversion notes convertible was This Pincus. calculation, approximately notes will given remove of we of an for into aspirations. EPS believe our the million our attractive we the Additionally, capital of convertible in all from affiliate from outstanding X.X our which shares an million growth long-term adjusted use transaction repurchased $XXX Warburg of potential August, fully
used our census the the revolving and This credit we the other the increase of million. capacity no as changes There part by our restores of of notes close repurchase to credit credit size line to of were month, convertible acquisition. revolver most amendment. Last amended this agreement agreement significant the $XXX to
and with which X.Xx, to defined ratio acquisition, made our in share even that long-term as X.Xx. agreement we the leverage target Ascensus have the of notes emphasize at convertible the below to like stands I'd X.X is in credit repurchases investments just the
puts capital return business the maintaining us in to also invest to while position. in conservative ability enviable debt shareholders an levels Our
like amount a year-to-date $XXX to flow. cash adjusted year. million free through flow each would to QX. cash turn I generates WEX our Next, was cash significant of Using definition,
shares, primary the Our this the repurchased cash so use to far free closed convertible has been repurchase year Ascensus of and note flow transaction.
at cost million during Since million cost in our have $XXX share million a $XXX repurchased restarting approximately cost including $XX we a of XXXX, per program total Year-to-date, share. we X.X shares an purchased equates XXX,XXX QX. average repurchase have which $XXX of at of to million, shares
Looking manage between to shareholders. investment will and to continue organic allocation M&A we capital returning capital forward,
full let's and to Finally, for the quarter earnings move revenue year. guidance and fourth
result, guidance very we pleased to results third raising for good trends. us, as The I XXXX a was another that to quarter and and quarter for am reflect our those share are
fourth the expect revenue of million. we $XXX with Starting the report to to in million quarter, range $XXX
ANI expect and between $X.XX to be EPS share. We and diluted per $X.XX
$XX.XX For in to billion to diluted and between the of full share. report ANI billion. per we the range be expect we $XX.XX to revenue $X.XX year, $X.XX EPS expect
loss For the million of year, increase of our in of guidance our for represented repurchases including full assumption, and assumption the to improvements major updated the the ranges share to in the moving compared revenue our $XX The $X.XX impacts fuel acquisition the prior are pieces the updated midpoint completed QX guidance. credit previous Ascensus results quarter. EPS price September compared of and and an further of these full through
the excited up the addition, new for growth entered anticipated In $XXX to potential. it definitive market Pacer for are additional capital million, very to acquire for we a subject WEX the Pacer into approximately contingent transaction and and other adjustments. We and agreement working certain considerations about opens
quarter the in conditions. close subject of year, The to fourth closing transaction is customary this expected to
the XXXX. to anticipate the drive positive be XXXX as slightly marketing and these We further acquisition growth. will we investments dilutive beginning investments and in sales accretive expect and through results to We expand will acquisition yield be
the that course want in year. a will while mature rate not swaps outstanding we are Finally, did interest next are outlook, of XXXX the I highlight providing and to yet
notional of the quarter, $X.X collective amount interest latest of end the As billion. the rate swaps of was our
December $XXX and year will We mature May million any interest will in XXXX. unforeseen maturities XXXX, of in million These of do expense this that increase barring have our changes maturing another quarter, quarterly have rates. conclusion, impressive previous full financial results in guidance and delivered that quarter and beat guidance especially this we our year. I'm increased In proud again year reference we every this $XXX
Our open positions continue to growth With customers us the serving quarters the performance please efficiently for questions. that, in QX driving line operator, well and revenue ahead. our in
