was across guidance, and which adjusted basis Good our QX FX expectations, afternoon, while was everyone.
Today, quarter, control walk XXX through our of was our primarily then due Canada, performance our with of I midpoint factors will gross XXXX. approximately financial and OpEx. the to to margins in revenue performance points, strong, macro EBITDA nearly expanding stronger for and thanks line performance outlook with this you discuss behind Starting disciplined
revenue. lower with by QX, our ancillary year-over-year Canadian approximately was education FX. XX.X% than $X primarily million a growth headwind over in Canada was a representing down quarter. midpoint rate. Revenue start million, in less by this percentage resulting $XXX.X This and growth First, alone X to XX% point driven let's guidance year-over-year, services was higher
revenue September million. in approximately the midpoint of prior drove $X.X FX guidance. mentioned, added other XXXX, $X assumed rates parts changes from $X previous the by short driven new of Rob dollar shortfall variances the revenue business in million created versus by restrictions Smaller in guidance. of U.S. guidance, compared remaining reported to the stronger caused revenue on of our XX, expectations numbers some to policy fall million to our Canada to headwind As the a
revenue, Invoiced a shift of volume, is U.K. in with domestic This and the EMEA primarily we transaction consist XX.X% while in X by as transaction-related travel. million growth margins. plans, but Starting approximately volume that gross increase in software components fees lower monetization from along growth up such at gross year-over-year, spreads grow compared products well our of for and contribution on $X points than of $XX.X XX are our stronger year-over-year revenues basis a quarter, stable, but as and Adjusted other other transaction StudyLink which not XXXX, care new driven Platform-related and increase of percent the an Looking reflective of usage faster transaction-related from payment revenue XX.X% revenue. as specifically our based profit health payment payment overall transaction XXX by was QX in volumes have with X%, in our saw volumes, EMEA, XX.X% value, were higher-than-average platform mix Platform volumes a revenue to during a gross our of rates, XX.X% XXXX. up was payment fees education Note XX% represents saw platform solutions.
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strength than cost at faster takes of payment with year-over-year by from throughout impact was put prevalent optimization and largely year. was shifts pressure FX up profit QX EBITDA.
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we EBITDA, also GAAP our net ahead While we focused are managing income free opportunities have significant growth continued cash of us, adjusted on the business to targets. and and flow
with we're optimizing all help on is and productivity efficient review across are an what in to our on focus we effective driving areas. and operational investments Focusing ensure control, launching a
processes.
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decision, a $X most necessary is around is related our resource to difficult and disciplined believe primarily optimize costs. we We related this a severance While while to growth incur payments to expenses. in million in charges our restructuring it between remaining million $X on the step investments we opportunities will other that estimate promising plan,
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and systems For example, opportunity eliminate to consolidate and extract costs, we think is duplicate spend through economies further software our line. G&A there of vendor scale more
declined Our year.
To of at our reflected approximately quarter. $XX.X impacted a million, for percentage with primarily due by non-GAAP and million GAAP G&A FX and loss loss QX, XX.X% income loans. as costs income loans $XX.X a full $XX on the XXX year-over-year of million close to the net were statement, a this in bps income comparison fluctuate onetime by our in noncash net out foreign revenue These of exchange XXXX intercompany rates
full losses, year. in year full basis profitable Flywire income for after a on the the FX million net of impact $XX Importantly, even remained including GAAP
announcing including approximately through current $XXX million end buyback allocation. program program last XXXX, of existing cash August for the portion through the $XXX our commissions assets the end in leaving consideration funded hand, facility. for Sertifi capital approximately cash million to buyback shares of million, X.X a a from of investment of The year, upfront including the we've liquid the acquisition Since on credit repurchased $XX in and Turning combination of as XXXX. million was
$XXX from to and expect and of approximately as We shortly end initially quarter line before the then year. million remainder plan million of half expect to this after repay drawn to the draw this borrowing have approximately $XX we the down repay credit the close
liquidity meaningful our have us allow capital to to to pursue continue allocation We priorities.
is maximize across value review verticals underway our portfolio as a various increase options and opportunities most look a to prioritization and through critical explore and we review mentioned, shareholder and our focus of Mike to as teams. products, potential Finally, geographies, comprehensive adjacencies
Moving on to guidance.
the key select last earlier, international mentioned Rob visas for news spoke and since Mike markets As quarter. regarding student deteriorated we
our As a in plan have headwinds clients algorithm team, and with growth product this of markets, negative offset growth some looking we is year. geographic to upsells, these NRR volume normal with new diversification, management challenged a but some key
we of Sertifi. to for XX% With that and the Given acquisition between separating XXXX, guidance in business we're to the today, existing guiding announcement contribution growth our year excluding Sertifi the are our of FX-neutral full XX% of Sertifi. mind,
We from year. expect approximately throughout X points FX of headwind the
that basis, our by fluctuations plan in on the rates. better results financial we We FX-neutral results comparing the our foreign growth believe exchange with performance forward, results. significant Going business FX-neutral prior FX-neutral period's to given guide volatility using reflects of an currency operating average reported FX period prior create period weighted current the
of million to XX% our revenue from be combined well the expect and the looking And have almost the know, revenue for $XX growth Australian to pound, is average. travel XXXX. Historically, strong all you to British Sertifi in future business non-U.S. above ahead, dollar the revenue had currencies, primarily million our expected we currently $XX Sertifi has dollar benefit approximately dollar. our revenue euro, growth. As Canadian comes
adjusted guidance. expansion margin target Moving bps to plans EBITDA to to excluding year, holding efficiencies We're on Sertifi. XXX our and XXX operational EBITDA this to seek
expect will As dollars of expect of EBITDA business be post impact standpoint, lower of restructuring be net adjusted the income lower acquired our interest to but From company overall positive, than income acquisition. and XXXX, including charge profitable in impact EBITDA margin we preliminary that for will be margin. a still Sertifi GAAP Sertifi impact, we acquisition EBITDA profitability the the the
prepayments Sertifi, we affect the ancillary Canada, are revenue policy in rules to from adjustments to tuition XXXX, shift expect near-term to over XX% changes. revenue Some revenue of XX% XXXX. Australia, on revenue upfront less In year-over-year. On recent we away therefore, Canada services together visa context expect anticipate of guidance in and some in about which these impact revenue, We, be markets Canada, around Similarly both related in demand. both new and the in to starting adjusted our down to this excluding represent EBITDA Australia, margin.
the are about health in landscape are monitoring potential is and of while the line we're and expected policy Rob team volumes. we XXXX business with education, in in The growing execution, year to strategy actively large continue impact as to the U.S. noted, evolving we We in XXXX. growth a million start student part we its the today U.S. excluding and seeing our as projected product EMEA result XXXX. will the expect charge is excited earlier $X cautiously. later care Sertifi, in million to to the But margins, strong the And up And BXB.
On $X onetime modeling the to restructuring trend ramp travel of client. in announced new in
investments most restructuring areas, spend, Rob this product these we in result productivity offsetting cuts of and invest initiatives, plan in will While mentioned, across high-priority some in costs as vendor in people gains. savings with and XXXX to
expect Sertifi.
Shifting of to a excluding basis, year-over-year be the to on lower guidance. We impact slightly QX OpEx
are spot anticipate growth to impact expected of expand that of to be year-over-year. bps in XX% XXX XXX Sertifi. year-over-year in and expect EBITDA approximately Sertifi, XX% margins we estimating expansion the headwind current XXX an at Excluding continue FX we bps FX-neutral margin year-over-year, we're in QX. of to to Note QX, the excluding revenue to Adjusted rates, range
our million education doing as expected the across For look financial behind at and the weather Sertifi add control, of to and and to approximately cost and in QX, $X closing, we our processes. our what invest new structure innovating storm taking million prioritizing integration features areas revenue products positive while around plans.
In to of flat is EBITDA deeper we're $X is a investments, verticals clients helping our slightly
experience, in we're verification mentioned, to to and cost millions in Mike processes.
I'll and customer back turn over OpEx questions. our AI now in operator data savings data the onboarding and generate it incremental As for seek investing Operator?
