Thank you, afternoon, Rob, good and everyone.
revenue ancillary despite adjusted and like adjusted headwind. to and defined our full guidance margin XX an Rule Today, employees our At raising quarter services First, the company, and results quarter. fiscal I'll strong year of beat QX EBITDA revenue midpoint, are a we deliver the the then growth end the and thank external clients, another the as adjusted of of year. and are for and range expectations EBITDA our We outlook helping for plus us revenue macro list for EBITDA our overview as provide our our partners I'd margin. discuss high third
QX by business. ancillary X a single-digit in higher XX.X% headwind expectations, quarter, rate midpoint, high with related point growth representing above this Revenue Canadian came to million factors. in starting revenue. driven performance beating despite revenue our primarily year-over-year education our our percentage a services to less QX, Turning was $XXX.X
during U.K. strong our a season, the vertical in tuition from First, stronger particular, performance. was the compared peak education expectations to
try As small timing a QX noted before, there anticipate payments, stronger-than-expected while timing. QX of with in year year, this versus shifts we in to QX seeing the every are seasonality tuition
Second, FX [ rates the million the quarter ]spot as continued weaken created rates. during X/XX a tailwind U.S. the of to approximately versus dollar $X.X
last operational peak in volumes total by year-over-year We of continue to X of our billion, monetization growing with the several see platform education TPV the average payment relatively standpoint, during and reporting quarters the From prior the reaching consistent remained with quarters. driven spreads strong growth a reflecting our and XX% and scale strength volume quarter season, strong the double and $XX capabilities. have line a nearly
was payment of a by X is Looking our on driven were associated percent the software about platform revenues of and of include education billion partially and downward margin increased compared million. revenue. consist other that subscription at $XX.X faster of adjusted above XX.X% across million which $X.X business associated more platform of international grew Adjusted payment and the basis $X.X margin our X% $XX.X settlement and that $X.X year-over-year. fees guide shifts million continues bps revenue transactions, with to from usage-based EBITDA negative XX.X% of primarily platform not as with other optimization. from that growing quarter, quarter, components for saw QX the our and as was QX Platform-related transaction-related up education as not hedges, impact main resulting software We a revenues million that as our XXX XXX gross cost to trends year-over-year to a as volume, have offset based cards, offset the FX vertical.
Platform with transaction travel during largely Starting stronger well of volumes travel revenue. XX% profit and impact decline EBITDA. booked up do largely prevalent was our by year-over-year increase BXB compared for fees while to points carry fees. revenues this Note primarily corridors XXXX. earned is continued the the the of are We use profit a year-over-year. credit with increased payment revenue acquisition $X.X on to million pressure occur in million a year-over-year, gross by some XX.X% midpoint primarily mix put TPV contribution specifically our during in are driven XXXX. quarter EBITDA in volumes Adjusted OpEx, FX and in $XXX.X to transaction volumes.
Adjusted fees Adjusted of increase QX such do of up invoiced StudyLink revenues value, which of the by mitigated XXXX, in XX.X% transaction payment sub-vertical
unpack We're optimizing top balance revenue looking me targets but and functions. Let gross at our driving less both setting ancillary we operations our to of also of services and as across line the with in support and productivity a profit, OpEx, long-term the all both long-term by for growth key trailing XX incremental margins seasonality. how of months quarter best-in-class percent of adjusted account percent metrics. And productivity
$XX bps QX XXX First, XX.X% improving XXX XX.X% represented bps and starting of of gross profit sales and in with and marketing million spend year-over-year, by respectively. of revenue
whilst at to We to continue BXB travel our our functions verticals metrics. to LTV and especially go-to-market streamlining our time go-to-market capabilities, same invest improve the across CAC in
Second, gross G&A million improving XXX represented in bps respectively. XX.X% XXX by QX profit. of $XX.X of and bps of and year-over-year, XX.X% revenue spend
across our continue optimize invest and our drive we customer in we automation to data in productivity operational and expect capabilities, As functional areas. funnel our to and
million FX income intercompany to which expect net we don't QX in estimates and income scale XX recur revenue in year-over-year statement in GAAP $XX.X X.X% year was million, improving income improving spend as approximately our gain an productivity.
To of $XX.X and mid-single-digit XX.X% gains profit, we technology and QX. the includes close benefit tax based of and represented year-over-year by balances, and $X.X out our development continue bps to million on tax QX of of by gross respectively, engineering Finally, on platform million bps $XX.X a approximately full QX, million. in XX
equivalents We and cash, strong. remains investments sheet balance debt. the of with outstanding Our quarter cash million ended with no $XXX.X
to allocation. Turning capital
and repurchased roughly under for X.X third commissions strong repurchase share million, cash generating inclusive We $XX million flows quarter in our program. the of shares continue
cash for of utilized net also $XX We million of the acquisition invoice. acquired
Our continue strategic and advantage building seeking remain buyback our same. capital long-term as on executing our allocation short-term in and acquisitions value priorities opportunistically equity dislocations for of we value shareholders. to We'll investing take our organically the focus execute
Moving to guidance. on
holding For in of prior second full an were across and through EBITDA. with line our we're beat approximately line year midpoint guidance and FX-neutral QX XXXX, midpoint. flowing revenue in the revenue the half across QX adjusted with On prior guidance basis
to of on year growth For be we year-over-year full XX, foreign million expect spot XX% $XXX XXXX, in at the XXXX. This revenue approximately range exchange represents to of midpoint. rate based $XXX the September million as rates of a
prior income into improvement margin profitability outlook For we're efficiencies stronger we invoice a GAAP QX seasonality year million adjusted across look $XX approximately $XXX million, reflects full as the single-digit net full midpoint, as year-over-year. the approximately second of of tailwind of low range beyond.
Shifting XXX million. XXXX, year noted, points end acquisition from towards basis. to adjusted QX. ahead EBITDA expect of XXXX. sustained QX This takes expectations basis a the $X million Revenue of and FX exit million raising across be see we allowing to versus benefit the dollars low generate few This XXXX our in on approximately line a year And half year-over-year for did we guidance very $XXX the puts in with to our million.
At mostly us guidance, adjusted includes EBITDA Revenue $XX OpEx and our as next to XXXX. improvement expected is and discipline the range A teams, of cost and EBITDA guidance. in to to context remain and midpoint
our terms across in $XX at of be We our value. the profitable of differentiation, $XX model, closing, We shareholder growth deliver significant to implying opportunities and margin we expect disciplined XXX about our EBITDA a our our product QX million increase to agile ability bps about million, remain business on verticals optimistic are basis.
In a costs. all year-over-year of midpoint range managing to and diversity adjusted the in the
company while the revenue to to Rule Mike for generation over it turn next XX to remains of back our pivoting flow As size double ambition said, continuing income our years, profitability.
I'll to over several the strong cash net be operator questions. now a the GAAP sustaining of with
