work Thanks, also are my safe in to hard And families good Cboe associates for fellow remaining dedication healthy. their like Cboe's I'd Ed, morning, initiatives. thank everyone and their I advancing hope and everyone. growth and continued and
relate are remind compared my based XXXX to results. noted, Let comments everyone adjusted our and non-GAAP XXXX as specifically me and on to unless that XQ XQ
our diversification investments, Again solid streams strategic earnings of for initiatives. While from the reported highlighting results our and year-over-year, contributions we the declined reinforcing revenue our financial the quarter.
to subscriptions. this rate. Our RPC strong quarterly offset fees net resulted to fees and quarter This In 'XX recurring finally, reopening we adjusted XX% growth fees Growth higher capacity proprietary were reinstated by our our The continue on in down driven XX% new revenue were XX% to organic in sales following earnings in and digits. in the organic And X%. and compared of market capacity noted demand by respectively. revenue growth driven revenue, stream diluted with floor revenue our prior data includes broker increase also 'XX higher to proprietary X% and access compared data XX% Adjusted data on new market call, increased organic X%. XXth. revenue a grew certain in high XQ index operating to share trading accounts X% non-transaction that per up expenses of The floor $XXX options. and which per our data access $X fees capacity June guidance capacity attributed Adjusted This to by to acquisitions. for driven growth of net decreased reflects lower tax last quarter fees and mid offerings. contract was transaction of $X.XX and market of data acquisitions. exceeding historical reflecting subscriptions down capacity our decreased fees increased XQ effective our access of for third by X% proprietary our be EBITDA uptake by the XX% and We growth XXXX XX% and set access of single for million access growth incremental units accounting XX% million
prior Looking the guidance and And to ahead digit. mid our to of capacity our reported versus range for growth digits. rate versus previous now data fees we be category of underlying access fee double-digits expect for low high-single these now to digits we high-single mid proprietary guidance the organic to mid-single expect be to non-transaction year-end, market growth
to multi-listed and in segment, lower our somewhat data million a million market volumes segments. or data trading of increase options in and strong $X.X in our market options. primarily review options contributed volumes trading net revenue our related growth by offset revenue. Now revenue reflects our $X X% our the Acquisitions in index In proprietary options
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expenses. million Total quarter. $XXX operating were adjusted to third per quarter, last Turning XX% against about expenses up year's
benefits expense would technology of were impact to expenses acquisitions, and the The key in X%. the and adjusted have been Excluding down compensation operating related variances acquisitions support and services.
guidance. to Moving
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just a of While noted. growth core impact COVID-XX is expenses the that on certainly its I attributable expense the portion in to and decline environment
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taxes. Turning to income
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Our to year benefit to lower XX% tax XX.X%, the earnings in now higher a the quarter expected rate range reflecting quarter. rate on XX%, and from operations full from foreign be up of XXXX the is in effective adjusted to fourth XX.X% third
We timing decreasing $XX projects million million spending to capital our over guidance $XXX intangibles million, to are prior updated which guidance our for $XX our million our million. in of from of XXXX guidance to of guidance certain for decreases build-out reflecting time previous range a from build-out the from changes million XXXX and be $XX $XX we of that the amortization now including our amortization million This others we $XX global Furthermore, software depreciation million new amortization year, Remember trading to excludes in million. down approximately including floor spending depreciation but expense. $XX headquarters. to expenses expect development of and compensation lower and and new of estimate million, $X $XX our the of this capitalization, our million increases $XX for revised reduction which $XXX XXXX, reflects to
to Turning capital allocation.
remain we build on of upon to cash model, dividends the excess underscore, to and diversified returning business business while growth our investing repurchases. through share shareholders me Let focused our in
us enabled cash flow to cash strong continue Our shareholders. return and generously our remains to financial capabilities position to
repurchases share quarter, $XX this million month. the of $XX we returned million third through to and through an additional the repurchased million $XX XXth dividends through During shareholders and
borrowings our At of share repurchase debt XX, increased payments. million quarter program as quarter-end, under our availability reflecting million have remaining MATCHNow and $XXX third of $XX used XXXX XXXX. towards by versus XQ about funding We acquisition tax of October
at end, we quarter reflecting quarter with higher June million cash was slightly $XXX X.Xx ratio leverage in of operating adjusted ended the at additional the the balances and regulatory and with cash Our needs EuroCCP. one-time up XX at from associated part
announced, execute shareholders delivering opportunistic it to the the Cboe's with our big initiatives debt we thereby while to I us In flow financial previously that, our our of finance associates. we will portion of guarding low as serving strength for pending and closing, health interest have our and positioned Debbie and historically a focus capital. customers our of the capabilities cost the returns Q&A turn lowering growth We trading instructions on long-term of cash welfare well. plan needs As to taking With on and generating of intend advantage the to rates on and call. of over sustainable remain acquisition
