Thanks, Dave.
into As a of to XX% record takeaways basis the Dave results. on quarter from per posted the diluted quarter a Cboe segment $X.XX. of Fred some to earnings an share and year-over-year want adjusted provide record delving high-level I third investment before with highlighted,
solid was third strength quarter Data finish the increased our market and Solutions million. X% growth our by results The Derivatives to and business. revenue categories the in again Access net driven Our from $XXX at
quarter. Solutions Specifically, XX% proprietary investors net traders and organic on Derivatives in our increased as of market third products. revenue the Access an revenues net organic found the in produced and during Data toolkit year-over-year basis X% increase quarter growth utility in
with we momentum year-end. continued have by XXXX excited are We growth acceleration the and remain the seen revenue pleased through into
muted Cash across the quarter and revenues of X% adjusted a X% executive organic expenses versus benefit globe. to Spot on basis a million growth XXXX. Markets as grew year-over-year quarter. by Adjusted changes modest an quarter $XXX net a operating the the million environment remained decreased with the increased during And made $XXX solid $XX the million from during EBITDA of XX% third tempered trade
the to by Turning drivers key segment.
I'll metrics release business segments. some provide detailing each. in include Our the our press highlights slide for appendix of deck the information from our key
the a growth the index XX%, provided contract per contribution again, to index of revenue quarter. highest mix The and business trend, revenues grew any strong the by Options to Net robust favorable our segment, options. segment for led shift a given
our XX% to continued and Total X%, higher, contribution index compared moved increased products. And options XXXX. options XXXX as market XX% contract were capture as third ADV per quarter higher-priced access ADV was Revenue up positive X% over given quarter respectively, levels. of XX% third up the data fees capacity and and higher
was the Equities third year-over-year on North net in down American X% revenue quarter. a basis
While access a to headwind market fees proprietary industry U.S. volumes up increased and was capacity data remain segment. for X% the X%,
increase absolute were our market fees U.S. and activity basis, our share off-exchange adjusting on-exchange an market And while volumes quarter. in trended market the share auction industry XX%, during softer our transaction stable remains for third volume U.S. on and the down given Net when in lower has share businesses.
and Europe volume year-over-year exchange a stronger and revenues foreign by X% nontransaction reported as in trends APAC increase tempered favorable segment revenue The were net headwinds.
which industry Europe, access volumes capacity income in quarter the of basis. and 'XX. versus Market XX% This outperformance quarter, combined a down a up the year-over-year by data, of during interest and impact third the softer other, positive on XX% tempered was were includes
the transaction XX% produced volumes each segment, growth as quarter complex the third the up year-over-year revenue revenue net as basis. increased double-digit for Futures net in accelerated revenue market year-over-year access a and was fees capacity In Activity on XX% quarter. data fees,
market XX% data perform side, XX%. quarter versus increased fees On last revenues and access well, capacity of by nontransaction year, continue the third the and up to
at finally, quarter. And up as had the another quarter daily was making year-over-year average the by X%, it revenue revenue share for the value quarterly growing [indiscernible] X%, XXth the segment. gains revenue of FX net record notched transaction segment and gain, market fees X% increased consecutive another in net for by XX.X% Net
be Net Solutions subscriptions Turning were we and growth additional accounting continued now for to revenue units, and the business. strong a and driven X.X% over Net Access organic growth revenues data an to just basis. Cboe's on Data up organic over of X/X by market of half was pricing fee third uptick physical and in and by years to for the first our multi-exchange in for growth increase organic have the network. driven capacity quarter. connectivity the pricing passed access in access X capacity fees The through
and and and with we our continue keep selectively mindful the market. pricing with to competitive to We user provide Last to exceptional to need quarter, we'll unit lead to support we support we our products. increasing spoke to innovation to continued growth utility pace innovation pricing provide remain value our as intend new customers. But of for
are segment More for in benefiting Derivatives positions organic us guidance X% our sustained continued sales full across data momentum XX%. believe acceleration the to range growth revenue strength see of overall net with from expect hit complex. the and the year to We and our specifically, to proprietary the trends we from pleased medium-term well
and uptick in a see to continue data migration. solid sales we Australia, In and access
on content enhanced sales Global We to distribute And effort that to the capabilities continue. globally, a adding anticipate focus continued our to Cboe finally, our momentum expect presents. Cloud we that distribution
were spend, promotional executive given higher in increased million operating to X% marketing to key Turning and of modest given technology year-over-year million and approximately were growth to offset was expenses. benefits, a expenses. fees up adjusted decline increase services to changes. travel a and X% for compensation the initiatives last year-over-year outside $XX year. compared Total services benefit support expenses partially an and The a product corporate These quarter, and professional of support some higher higher our changes by $XXX ongoing
but not recurring we a not expense impact Cboe would the historically be base. done, the impact in of adjust have to departures, we we expect As executive for element the did
guidance. Moving to our expense
our from We $XX from expense XX $XXX are expense lowering expenses basic earnings growth growth core of of to Slide expense our components million million by X full $XXX year million on and full million XXXX range are presentation: builds guidance $XXX million. investments. outlined to XXXX to The acquisitions, $XXX year
$XX at the to the from and overall million million, is expectations to in forward. prior core modest million in reduction our categories. moving XXXX acquisitions earlier calling seeing expenses of management change our growth reduction X in category, expense in now versus $XX of as million. expenses remains quarter comes a following the to product million $XX million year. the $XX our are for The strong at results third expense $XX The expectation we $XX details this year, expense XXXX of [indiscernible] Looking our of growth trends highlighted expense in our forecast incremental a
expectations. costs our XXXX. Overall, to In expenses in we addition, X% updated have cap-related by core given our recalibrated grow we expect
Moving the the line help business growth-generating ]. investments. to in are that incremental to investments drive $XX revenue We the [ we be million million bottom on of anticipate range to making will our to in $XX
Our we than new efforts lower like marketing R&D range, range million $X ecosystem. products and is high-return a areas services aggressive campaign roughly remain expansion, D&A to more investing $X our million in committed targeted our to prior across and but
our high at and broadly high X% organic year. At businesses. for total X% slide, our we the revenue are we end our some finish range are positive on more of to refinements making expect of for level, range reaffirming XXXX forward growth full to net Looking our guidance outlook the a across year next the the at to
nearly medium-term durable at to As have ago, ecosystem the our Day Cboe. X guidance this years at a of the X% function X% remains reminder, introduced we our innovation across of above entire a Investor seen
expectations. medium-term are growth X% D&A for reaffirming to XX% net our of with rate in earlier, revenue we mentioned line organic As XXXX, our
XRIDGE trading benefits positive we the the technologies, our company's to line. which again are increasing in expected owns marks other investment income Given on the fund, its
prior $X our $XX of above $XX million of $XX to million is range million. guidance new million to $XX range million Our
to rate under Our down XX.X% XXXX. adjusted the current guidance of our prior year guidance to tax in $XX earnings million. full from we and in depreciation on on come at remains XX.X% the laws amortization expect $XX million XX.X% effective to XX.X%, to at And tax
of $XX annual our was expense Outside guidance, the of interest for XXXX million. net quarter third
For range in million expect $XX net of expense we $XX to million. the interest be fourth to quarter,
in a through front, $XX.X the the maximizing the quarter, shareholder On quarterly capital we dividend. form capital total remains of to In third focus of a returned share value management. shareholders long-term our effective $X.XX per million
In in total shares, repurchase an $XXX bring dividend given adding authorization, free to to positioned last increase our for $XXX and repurchase in opportunistically week, available announced remain strong addition, repurchases. invest million flow million share support well to we cash continued our our business, our our capacity We share generation.
sheet. down on million that during our to paid $XX Turning loan in year the balance term We quarter. of December matures facility this our
a third down. result declined in quarter prior Our the slightly quarter leverage X.Xx of X.Xx as to debt from ratio the pay
the with Since the low, rates having to have debt loan the fixed below our million profile, facility. our locked medium- end in on averaging paid comfortable remaining on of we quarter, outstanding down we term Overall, longer-term X% third remain $XX our debt.
Moving between across in the will growth future work strike ecosystem driving capital efficiency. right forward, value-enhancing and investing balance ways while put looking we our to to continue margin in to
want Relations program, Relations. to in Since made remarks, for his President, with the Investor over was who some with our him delighted Treasurer call recently to the an promoted Ken and XXXX, Hill, I'm I joining incredible to role. Ken has Cboe turn and to leadership I Vice Treasurer congratulate Fred Investor expand Before closing for impact
before some over to Fred it Now up Q&A. open turn comments to back I'd for we like closing it to
