QX discuss quarter, less an Rob. representing QX, $XX.X our for you, XXXX compared constant revenue for for provide was services services XX%. I'll a everyone. ancillary a then rate On excellent in basis, year Thank overview XX% XXXX. of currency million rate QX Good QX first the to was afternoon, our results ancillary and growth we'll growth our Today, outlook Revenue and less full XXXX.
experienced As the compared revenue the $X a due million XXXX. GBP versus QX XXXX expected, Euro U.S. strength to during of approximately of we dollar QX and the to headwind
Foreign exchange December fluctuations impact revenue exchange QX XXXX, guidance, was performance. our QX based rates which significantly XX, since did our on not at
XXXX, $X.X XXXX. volume, payment strong in particularly With from volumes QX an verticals. processed during from driven in volumes, and billion XX% processed Our international education increase predominantly payment growth of represented cross-border payment our respect $X.X due billion QX increase revenue an which total to the we was rate travel by growth to during our
XX% services with XXXX, QX increase increased to transaction by in driven a volume. transaction Specifically, revenue payment XX% compared ancillary
Phase XXXX, to quarter, XX% earned SaaS-based XX% XX% representing platform increase as adjusted and to during million million in generated increased in revenue nonpayment platform We well a $XX.X by a as compared XXXX. II Platform QX usage usage-based compared during the driven volume and profit QX and usage-based in fees. and increase payment other $XX.X gross the increases volume-related
as gross QX points QX higher-margin by for activity was Cohort acquisition, our primarily by transactions. Rob The Specifically, XX.X% margin basis Mike driven XX.X% services and from adjusted gross adjusted gains foreign our strength exchange Go reported XXXX down XXXX. QX XXXX, on revenue margin the was XX the mentioned our during for adjusted including payer from and just of settlement
Regarding settlement exposure hedge rates to foreign gains, we do exchange while our settling changes transactions. in
strength hedges, adjusted by to While Overall, travel close helped we neutral method cards on so losses profit, it our margin these offsetting mix vertical. driven impacts saw were gains our offset to shift the by adjusted favorable EBITDA. these adjusted payment of to gross was credit gross our also
expect to the full to X% year vertical. X.X% XXXX growth of decline margins related continue our of to usage to We due XXXX increasing for full adjusted card year to to credit travel gross the relative
marketing an the million fly marketing QX $XX.X makes of our was increases of This XX% on slimes costs, Moving teams an compensation. XXXX, adding over Cohort increase in increase Selling our employee-related operating increase engineering Go drove over $XX.X and $XX.X primarily to stock-based teams plans. $XX.X million including employee-related Technology and to stock-based which the our XXXX, XXXX. compensation, during adding of The were million QX expenses. primarily was QX driven expenses hiring investment result during which by to XXXX, of and were XXXX. including of for incurred expenses drove technology and QX the costs, via acquisition incurred during XXXX in sales increases increase XXXX, development consistent direct XX% and our million with during for
increase to revenue $XX.X employee-related during our the million due In XXXX, administrative makes growth $XX.X which a XXXX. commissions to predominantly incurred increases associated over year-over-year was in including QX to incurred QX and general costs This QX costs, more of increase of during stock-based during we third-party administrative and were teams, compared an compensation. XXXX. XXXX General addition, as adding our QX result expenses million fly drove XX% with
In one, and including XX-K implementing the cost large with filer. addition, company, more we year Form accelerated requirements Section as the incurred two, initial as a filing XXX expedited operating costs number a public number our associated with Sarbanes-Oxley of associated of
Excluding expect impact what relative an year, this had to our outsized by which we these of increased XX%. during G&A for remainder the QX items,
$X.X of the $X.X million, the for increase million quarter an EBITDA Adjusted over XXXX. QX was reported million for $X.X
adjusted QX XXXX cash QX points and over strong and had to no growth EBITDA to to due in gross deferrals $XXX.X in of XXXX million increased expense margin With and XXX later as debt. compared some respect XXXX, basis capitalization equivalents long-term we Our March XX, adjusted cash profit quarters. into
issued As of used shares is million calculate from average March stock due different net the during the to XX, weighted per had common the quarter. of to XXXX, of shares shares slightly XXX.X timing outstanding we outstanding, which loss share
Moving March which is rates on exchange of XX, to on guidance, as based XXXX. foreign
rate For for services representing previously of the at now growth million revenue full based to our compared midpoint XXXX, expect an $XXX year to million, XX% when $X.X trends, first year XXXX quarter ancillary in year-over-year guidance. on less to also increase provided a $XXX the we and full million of midpoint. of This represents range the of the results be our current
million This We $XX midpoint $XX of $X.X XXXX represents of full million increase expect previously adjusted the provided to at deliver guidance. the million. in to our range EBITDA year an of
XXXX generate throughout the full during guidance to are of to full to improvement At our EBITDA from our expected year range, XXX increase are of due we which the remainder incremental incurred whole to guidance. be margin, We the point slight expenses be midpoint first beat planned our quarter, approximately were a now increasing originally incurred the that by an in expect previous adjusted this year. year would basis guidance not
midpoint of less to enter represents the revenue at ancillary which of revenue expected services the XX% XXXX, the year. QX to in we growth quarter be as million, of seasonally our lowest $XX million a is For rate year-over-year range $XX
the million, Due range adjusted to which XXXX. a $X.X we adjusted now improvement million into at expect the QX, our QX to to to represents reported of the be negative results year-over-year negative $X midpoint million $X in EBITDA heading compared EBITDA strong for QX
turn basis revenue performed very quarter, EBITDA of the first year-over-year. resiliency represents for adjusted business of Our during guidance, increase an our to over for QX expectations midpoint of the providing operator questions. were business. Operator? the operate. our how reflects I'd adjusted cost pleased the points that, our the the which margin and of seasonality the With At to We we evidence the verticals EBITDA with the of negative structure in call XXX like
