morning, you, Thank Frank, everyone. and good
trends with along If financial on and on on details metrics total Slide company you’re segment performance, and X. following slides, our starting our I’ll cover
was very the Payments organic strong quarter Frank across ninth As XX% Total led grew Acceptance by with Network. and company Year-to-date, and revenue a quarter Acceptance double-digit growth grew said, which and quarter good the second organic growth. row a company one XX%, growth of Merchant revenue was our segment our revenue XX%. Merchant in marked in total organic
second solutions three three for revenue regions also robust gains the Our growing in and well, saw segment. across organically We Merchant perform to America continued Latin in growth in strong the all our issuer XX% regions international quarter.
here while us is the of Frank the Merchant business for Argentina prepayments. in bigger driver grabs reflecting headlines, revenue, As our inflation explained, anticipation a newer growth
near rest the relative may high likely persistently future, to Argentina but inflation In the to the world. ease, it’s stay in of
growth Our any of business region out lines new the franchise, and the single of rest strong macroeconomic in balance issues. country’s should broad
operating of year. $X.X adjusted billion basis billion, points XX% Second adjusted XXX company income grew to XX.X%, increase margin an an quarter adjusted the resulting in to X% of grew revenue $X.X prior versus total and operating
our first the of adjusted margin billion, of of adjusted guidance. XX.X%, year, to tracking in adjusted half $X.X operating the an year billion increased of and X% grew For basis resulting and XXXX XXX income last increase to ahead versus XX% revenue points $X.X operating
Adjusted high in share adjusted increased share our per at for XX% the the $X.XX increased through June guidance quarter the XX% to compared XX% $X.XX XX% $X.XX annual Year-to-date prior of to earnings range. year. end per earnings XX, to to
at $XXX million came year-to-date. of months for quarter Free six up $X.X year, for the the flow first XX% cash billion the in and
for typical year, flow generation this is free sight in we’ve $X.X retained our cash Our second accelerating billion and line business. flow to cash reach of half remains the on track to as
results the looking segment grew growth Merchant Now segment revenue Organic the growth quarter temporary performance was Acceptance XX% Adjusted the the half. and a XX% in lower revenue was Slide to reflects volume in volume our to X. starting quarter This in X% for year. transactions year-to-date. and and compared prior XX% on factors. X% first two Merchant strong
retail is XX% average the First for prices tough a in volume creates comparison on of in the decline petrol which merchant fuel quarter, growth.
realignment that’s to represents our large The strategic volumes volume. of impacting processing-only and their second large some related a clients is portion processing among
low and note factors, petrol volume revenue impact processing isolated clients little processing-only since that and been petrol very have typically to very X%. important transaction our two these both had volume carries for growth changes clients on pay It’s Excluding fees. per would
and they revenue pricing factors are rising growth inflation wider benefits moderate added both growth and spread our is higher This are to and penetration the volume from Nevertheless, thus should to wide between services and over Other now. particularly contributing the software contributors spread big value. and of time. volume
positive expect contributors these on to ongoing revenue an We be basis. to
on the growing year-to-date. operating small- retain and Clover up opportunity its them. an and Quarterly and was businesses, offering billion and attract $XXX GPV revenue product and quarter expand growth on Clover medium-sized for to our XX% to Clover, annualized build the with XX% XX%. revenue our for more posted billion continues a basis, merchants $XX system of strength strong
signed above Value-added XX%, XXXX. year-to-date. year-ago penetration to levels on and XX signed We X achieve services ISVs point XX% total target this XX to our our quarter, was by track bringing
the venues. and Our momentum relationship provider the for starting Stadium a with Cleveland service quarter. with Waystar as with large a second Theory PayFac of to Sport build Clover during other well Browns and the added signing Pay is
Carat, our quarter. clients, grew omni-commerce X% operating the system for revenue second enterprise in
Excluding the a business Latin that taking in-house, loss processing of client grew Carat XX%. its began America
business. direct our While focused remains client our good, Carat relationship strong. with business higher-value the we’re The on remains underlying growing
with their relationship The our locations processing merchant and Baskin-Robbins concepts Inspire while several to States, Dunkin’, our Brands, agreement to with relationship processing Sonic expanded the several our restaurant in of We’ve add company United their continuing second-largest thousand restaurant include the more will restaurant portfolio. additional brands.
income to points XX.X%. in basis margin in the $X.X to segment $XXX improved adjusted basis points margin adjusted operating to operating XXX to quarter, increased operating Adjusted billion, income and XX% and grew XX% XXX Acceptance was Year-to-date, XX.X%. the million operating up adjusted
X. Turning medium-term growth and in posted business; segment and by to to networks, transaction and active again Output included continued North American credit processing drivers and high X% in the the accounts on growth. Notable organic of our range. guidance Zelle, Payments growth Solutions growth both the The debit the clients segment number quarter, in led X% file in end business; Network of STAR the Slide once the revenue above X% of Accel;
comparisons be as we full Still, the we rate As opportunities a revenue new X%. for year rest took the month, in Also we organic revenue time. over effect onboarding incremental Fiserv end notable medium-term we’ve expect said, large completed year for payments tough of outlook to X% segment, new anticipate growth this of anniversary client this two the initiatives towards through of mid-XXXX. high the offering to our
of date clarifying explicit First, that options to Regulation network transactions. July the two final make parts at effective of rule for the required card-not-present debit are X was Fed’s routing least II
current than not a clients years, enabling and STAR did of that supporting our adding debit cards for more our to opportunity networks, e-commerce we been led have. is For issuing growth active This XX which card-not-present, for Accel have CNP transactions. this previously
Lyft, Last week, merchants Fed and won quarter, clients, several ADT also We FedNow. large as e-commerce system, in including, the its T-Mobile. real-time second launched the payment
year. than live go now more six the are XX with live phase in committed so banks to and we this So pilot far
That’s NOW by financial providing already connected point Zelle, are of the to a could grow payments commercial differentiator single we since most use and to leveraged add rails. Network in opportunity adoption new key are FIs compelling think FedNow We for add more to be than cases, over more easily a spaces. bill our encouraged But time, which to them of major by likely institutions the Fiserv. X,XXX is will pay that integration for
driven XXX operating strong productivity. in XX.X% margin XX% up Adjusted adjusted to $XXX operating operating adjusted Year-to-date, and income income by points was margin points segment XXX XX% our to XX.X%. million and revenue was operating for basis up the was to adjusted was to growth the basis and up quarter, up $X.X billion
Moving this to X. periodic X% second half. revenue second the growth in Technology in for XXXX declined quarter in revenue a quarter, of resulting creating a High first X% drove the Slide the Organic comparison quarter, Financial segment difficult X-point the headwind. in
completed. in-year range year wins to continue on and growth as guidance this is We expect within prior to organic is work booked implementation the of X% revenue X%
in the X% X% increased and year-to-date. to million up XX.X% segment the Adjusted in to $XXX basis quarter operating up in to income was points operating margin the quarter. million XXX Adjusted $XXX
half, operating margin banks XX.X%. We the banking leading to first credit account added clients core quarter, XX in unions. basis XX the including four for the segment’s new core for For platform wins grew adjusted DNA, our modern and market-recognized processing points
partners. Pay at facilitator sectors Theory. enabler suite care SaaS a the Fintech to money capabilities its the and of plans and serves the education health with for of This an finance showcased win banking-as-a-service movement as its enable embedded extensibility payment vertical and
merchant our and Pay We to SaaS to enable payments. capability Theory are integrating vertical with banking platform PFAC its to Fintech extend
assets provide who want for across providers a businesses. banking, merchant to vertical our SaaS and is single goal leverage payments integration to Our
corporate was the The operating and expenses adjusted tax our $XXX year over first slight for was XX.X% by in held and million is quarter we last million was $XXX effective half adjusted for first year-to-date. first XX.X% The the the in the pandemic. loss The tied since increase conference, the which client rate the impacted half. in-person time quarter to largely
full expect year. for be We adjusted rate XX% approximately to the continue the to tax effective
and $XX.X debt billion Total times. June on debt-to-adjusted-EBITDA was was ratio outstanding XX, the X.X
eight-year the that notes total. Variable million sits of issued reduced quarter, of our balances. During and to early at rate debt notes July we senior second €XXX in commercial paper replace matured XX% program
During X.X shares repurchase for disciplined remaining quarter, allocation the the end repurchasing months. of strategy, million the our capital million and we the continued for at for $X XX.X $X.X billion We shares billion million had six shares over quarter. authorized XX.X last
As we two roughly the value to completed for products reconciliation $XXX fit, we our strategic of continue to portfolio vast Trintech for sale yesterday, optimize financial and million. product
committed to and which our allocation, sheet, capital includes maintaining organically, high-value investing fully are and share to disciplined cash repurchase returning shareholders pursuing We balance to acquisitions. approach businesses innovative strong longstanding through our in a
up on X. Slide And wrapping
our of of First to year, full again X% this higher to year, so anticipated of guidance guidance our again range was XX% outcomes. operating than EPS results new half revenue a the points. the range $X.XX This to improve higher revenue growth growth second growth, which half X%, we $X.XX range up economists’ includes range to basis to organic of the XXXX. XX% at XX%, to previous to prior representing the $X.XX, greater year margin XXX considers of over X% $X.XX quarter once least from now adjusted prior we well expected basis on Based XXX to from raising adjusted a organic from points full and second ahead are are our guidance raising strong for
guidance. time please opportunity so It you’ll outlook save see growth factor excited our on to deeper of November the a Investor New when how date. Day upcoming our into action. announce in we’re medium-term management get to and our spend XX, on team to We’ll be some Lastly, products our will great they going and Wednesday, see City we know strategies, York our in our update
With let to that, call me back Frank. turn the
