Thank you, Hikmet.
$X.X and revenue X%. prior both revenue on billion impacted estimated million the peso both businesses negatively net prior The primarily year, Argentine the by constant reported depreciation inflation currency prior to of by of X% adjusted businesses increased the to peso. revenue Argentine revenue the quarter the of which due period compared declined decline effective compared from approximately impacted year while for year constant current second have is by currency X% while Currency to our positively X%. to the Second reported and approximately our in $XX divested excludes impact revenue translation quarter reduces hedges the
were a CXC spread X%. consumer-to-consumer increased the currency had constant In segment, X% while X% increased offsets in impacted growth from constant revenue total revenue and currency. with down in impact increased The transactions principal negative approximately or prior quarter constant quarter transaction was by X% or compared or pricing CXC mix X% the The as to the of on a negative per transaction positively while X%. impact X% on between and currency was basis grew while a Pricing was cross-border revenue a basis, declined period, flat principal mix X% X% year the X% currency.
partially transfers grew Turning growth reported US regional on a a increases and currency America money the by with increased led region while to transactions In and US in generated X%. quarter to solid also X% The the result. growth the strong These continued to Transactions declined France revenue offset Spain delivered US by by led America. in Europe the declines corridor constant region, were revenue currency in basis, growth basis revenue or outbound on North declined Latin X% constant Mexico X%. the and and CIS business transfer. domestic X% increased
or Arabia in South X%, Middle Latin to currency, constant the in in Africa strong the APAC Asia certain transactions or Peru In a transactions declined UAE. to Revenue limitations or in constant in African region hard and the Australia, while basis Mexico reported The X% constant growth And and Caribbean with revenue while softness the and Korea and East, XX%. deliver XX% basis Revenue by region Ecuador, a continued to currency region XX% and currency, currency and declines. X% markets. transactions revenue America led X% Saudi primarily X% XX% contributing due revenue region on declined the currency Malaysia decreased reported constant increased grew were down outbound.
which currency increased and increased XX% and of revenues in basis in represented growth constant primarily revenues growth of was Constant hedging in represented X% businesses. peso. and transaction our quarter. education and a increased by of businesses Solutions revenue And consist decline payments The the US X% Business the or grew was reported retail depreciation institution the company which to revenue May, in westernunion.com constant of products in domestic Other currency on the or with quarter. of Argentina XX% Westernunion.com divestiture the driven verticals. total Speedpay Argentine revenue growth XX% the Paymap currency focused revenue the strong XX%. the quarter. CXC of X% sales the impact is of and non-core was bill decreased XX% in financial due
terms. Although local walk-in grew business transactions Facil Argentina it the in US dollar currency declined in Pago in revenue,
company the Other revenues revenues total XX% of quarter. represented in
margins segment not business. the Turning will period year divestiture focus are we margins of to following corporate costs and prior comparable of profitability, to a reallocation the due on Speedpay consolidated with as margins
adjusted and divestitures, and restructuring impact tax related the exclude We acquisition the are metrics expenses, also on the to gain of effects. cost providing and Speedpay merger net Paymap
million GAAP the in include full in costs anticipate quarter. to operating of $XX approximately for by We incurred as also we other changes our $XXX for related the These and primarily and be to expense offset consulting which XX.X% business, We XXXX. approximately efficiencies. the relocation expense sale to quarter to incurred relate improvement was of costs in facility XX.X% closures the million million the headcount of spending by reducing the compared restructuring severance to of and Speedpay are consolidated And restructuring partially prior approximately related The model XX%. margin The solutions decline year operations, expenses. were $X margin impact operating and due other marketing operating the was expenses restructuring of business higher the year period. in
We beginning of anticipate in these drive operating savings $XX these changes will over XX.X% savings the generate period. strong we prior profit And realized in second was XXXX margin same XXXX. $XXX to savings million XX.X% annual expect of and compared period. year the expansion contribute in quarter in operating to Adjusted the margin to about million with the
the the improvement business and divestures, other offset of to basis points Speedpay about contributed no increase Paymap Speedpay and the solutions margin, and efficiencies but contributions year's last period As operating to marketing second and spending. quarter margin. Paymap the in XX current had impact
prior quarter, hedges in year the the While million $X current impact a foreign provided benefit in period. compared of to no exchange
the period. share in quarter the The year. the to XX.X% per in the was estimates prior by Speedpay gain to the business. GAAP the to The XX.X% for rate in compared the GAAP year with the to the year prior increase to GAAP The accounting the provisional adjusted increase rate tax in in the in $X.XX in period compared XX.X% year tax sale while per in quarter changes prior earnings was earnings period. $X.XX compared year share of were $X.XX rate of effective on in second the period, quarter XX.X% Adjusted due in prior compared Act driven prior $X.XX Tax primarily were the the
business the pre-tax Xth to of be rates. We second $XXX May Speedpay of businesses in also $XXX on million estimated in the taxes on generated cash. of statutory $XXX with sale sale approximately business million completed approximately the these services of a approximately The related million And completed the gain based quarter. mortgage sale our for Paymap
to gain our $XX in of Speedpay tax approximately tax the favorable compared As we year a position US last on mentioned a respect effect quarter, overall initial also this million with XXXX should the to benefit result BEAT produced February which in our separate provision outlook.
of $XX December in including outstanding end sheet. operating quarter we matured shareholders Turning billion, of XXXX. Capital of cash returned we in was that approximately share million under the flow shares majority notes represented million down million which the repurchase quarter end expenditures cash share new shares. million at $X.X $X.X million. million. paid in debt and approximately quarter, we and from $XXX our Year-to-date second At and quarter to $XX We and The billion $XXX share and XXX count existing had were our repurchases, the to remaining of balance dividends cash of The X expires in in flow $X.X May. activities which some million $XXX had the billion authorizations. as was
Turning to outlook. our financial
announced restructuring the are we to updating full-year today. GAAP model expenses the related We our operating outlook changes to reflect financial
providing rate, the which expenses net flow Speedpay and impacts, share the gain related the and earnings We on all benefit. adjusted tax acquisition costs, and merger and the operating Paymap divestitures, BEAT profit, exclude cash tax per also are and operating outlooks restructuring including
We of Speedpay the continue decrease business revenues in full mid-single to year GAAP the to the digits to for due divestiture May. expect
expected the GAAP operating the is margin million change be reflects of be which excluding adjusted adjusted outlook. we approximately years, Paymap increase outlook inclusion operating expenses. to both Speedpay an from is is currency our low in constant prior margin currency approximately XX%. expect $XXX previous constant expected On the while single-digit expected GAAP unchanged from XX%, basis to from and margin The restructuring of revenue
to in We range. the GAAP XX% in rate and the full-year rates effective be $X.XX to approximately be and expected basis. for previous approximately restructuring the year range be after-tax from is the effective tax reflect GAAP expect expenses, a of to share impact EPS $X.XX continue to range the outlook XX% $X.XX. $X.XX in to in to now the both adjusted to Down an $X.XX of per which XXXX, the expect XXXX mid-teens tax the to on by in
be approximately a to XXXX Adjusted operating adjusted $XXX in to cash million, for million. $X.XX from range flow is flow operating earnings per is share of expected expected are cash be while expected GAAP be $XXX $X.XX. approximately to activities to
first spent of continue to We million to share in in $XXX $XXX million repurchases year. expect million we the and on between $XXX spend and the already XXXX, half
compared with pro In summary, improved the quarter's results first the were quarter stable margins. and growth forma solid revenue to
to the track we related on full-year restructuring, cost with our the outlook. Excluding remain earnings
a significant sheet continue We to balance will million strong return global that new generate changes profitability, with funds drive our begin to shareholders savings. and implementing designed growth efficiency maintain we of immediate annual $XXX to strategy long-term and and
questions. ready Operator, to we now take are
