Rajesh K. Agrawal
Thank you, Hikmet.
a basis. cross-border spread per or flat constant currency or benefits million westernunion.com. of segment X% the was compared constant X%, X% principal The of impact CXC of the Transactions Third between by grew on currency. X% prior-year net in transaction X% increased Principal to reported prior consumer-to-consumer basis In third growth a transaction $X.X revenue to (XX:XX) The X%, and or led increased pricing on Total in CXC the quarter. revenues X% from growth with compared billion compared the translation in while on increased a approximately negative growth by quarter, currency the approximately no $X both currency. increased revenues hedge the reduced constant-currency quarter constant-currency quarter the basis. strong period and reported had year. impact flat impact revenue period. quarter of Mix X% prior-year was the was X% to from
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incentive profitability, compared million. estimate full quarter $XXX approximately our estimate the initiatives approximately WU Full was the prior-year increased totaled operating is agreements margin accruals cost the by the achieved the the margin to $XX Currency year. the million of for The $X million GAAP expense $X metrics of to related was to and federal quarter in million The related Adjusted WU by negatively independent in We quarter profit exclude to in expect Way spend. spending joint million the margin million. million. required the which bringing period. year-to-date million in $XX in be million, impacted prior-year the with accrual and Way $XX up savings the previous was $X of expected marketing year agreement. operating to and compared and quarter, Adjusted closer and for due $XX of down XX.X% settlement excludes quarter of to $XX an the settlement savings an million period. the $XX million of WU from consolidated higher compensation joint quarter state WU Way current to the year, savings quarter in the approximately government. from from now which Turning to XX.X% auditor in prior-year We Way January of expenses previous our $XX of of to XX.X% compared margins primarily operating expenses to prior XX.X%, in decline estimated
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expense Compliance the the of X.X% year. The compliance benefits. full the we tax in reserved the margin X.X% to certain compared year, margin We to was compared approximately to to decline low $X the the X% end in reflects million statute X.X%, our to effective while hedge factors related EBITDA on the prior-year XX% of operating to rate last full The in to rate discrete the attributable adjusted now in of the tax For prior-year the closer expect quarter expense compared benefits to expirations the of rate in quarter. adjusted the be which period. to tax expect third of quarter in items. now XX% The for revenue X.X% was margins. in in the in limitations same range EBITDA quarter period XX.X% the X.X% compared was prior-year XX.X% profit third period, in with as XX.X% of year outlook. quarter
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related outflows from tax federal benefit. billion governments by the and $XXX net United $XX Capital had payments of was of includes quarter, approximately of quarter. operating spending, were WU cash entities. half billion to debt with the the $X.X and And Way the settlement expenditures state third million Turning States This cash of associated our approximately in of flow sheet, cash from year-to-date. end $X activities to cash we million in held the million with and $XXX flow of at balance
reported million million which the and count results operating increasing our X. million floating of the XXXX. $XX repurchases, and earnings outstanding for on million our coupon rate our The of we issued and X share $XXX of a represented flow remaining our share at August to share repurchase trends, million X.X% per under notes authorization. margin in business million was quarter-end shares $XXX dividends in We to outlook are we recent consisting $XXX outlooks in XXX During compared share five-year shares. $XXX Based and due shareholders quarter, quarter, returned notes and we of the previous had and outlooks cash million on $XXX affirming with of million
outlook flat increasing has outlook improvement a revenue from GAAP previous to low-single-digit a the our are currency not We the a We to changed. GAAP outlook reflect growth be slightly exchange low-single-digit while favorable rate revenue of increase, expect revenue for more now to slight constant increase.
previously. which range a we to trends, increased a share $X.XX earnings GAAP our earnings $X.XX, are impact to the per also $X.XX adjusted foreign in per impact. Both our slightly prior been to reflect year, Given an earnings favorable profitability increasing $X.XX up projection $X.XX negative to of ranges range share, outlook. compared our per $X.XX outlook to has to from approximately share $X.XX previous $X.XX to from $X.XX of an from negative previous $X.XX to exchange of compared down
capital from cash profitability. million GAAP items, approximately $XXX primarily expected increasing are flow We to working increased better-than-expected activities operating tax-related due and changes to
On are $XXX approximately payments the agreement anticipated paid of tax in tax items, XXXX. IRS the XXXX final to no million expected to be the longer related
tax related a lower and payments. tax other is than expected In from to refund benefiting addition, this flow overpayment cash year's prior-year
cash agreement approximately the WU $X.X for expected Way payments the impacts billion. would operating year spending, the full be flow and of Excluding settlement
quarter. we ready the the performance summarize, return to strong we business funds continued share our and per the questions. to significant generated pleased So in We are to Operator, take cash for now with outlook shareholders solid earnings flow, increased are and year. profitability to third
