and Thank you, morning, good Frank, everyone.
slides, If on our X. cover you're I'll along our and on additional and metrics segment total detail company trends starting with following financial Slide performance, on
to strong margin demonstrated Third capability quarter again our growth and maintain revenue expansion.
billion, company X% XX% $X.X versus to total XX.X%, to operating of $X of income XXX Third quarter prior grew margin resulting operating billion, an year. adjusted the grew adjusted adjusted and basis in revenue points increase
an versus grew increase adjusted XX.X%, an Year-to-date, grew and margin to billion, $XX.X of operating X% year. to basis income $X.X resulting billion, the of adjusted in points XX% prior XXX adjusted operating revenue
XX% driven in inflation from points in X QX. the transitory revenue from both in segments. quarter, organic growth total our excess was the to Argentina X by strength down contribution in The grew points in Organic quarter,
last organic growth into QX than X.X mentioned call, earnings total less during of in quarter's point turista contributed quarter. and As Dólar company extended the
last provided to was to adjusted high guidance the the compared earnings year. our share share quarter year, the earnings end XX%. XX% prior per $X.XX $X.XX $X.XX XX% of full in per adjusted of to compared Year-to-date, Third to our on XX%, in up increased prior quarter year $X.XX
for flow and $X.X billion. cash flow the cash $X.X billion, free year-to-date was Free quarter was
in timing due to for in prior cash credit calls, mentioned this cash expected As the the came first year related to lighter after half green program. earnings higher through be a of second half much we in refund tax the flow quarter. free flows The the of third
by from the Organic on X-point Argentina above-average segment, includes performance growth and benefit in XX-point XX% benefit in revenue the XX% to was the Turning Solutions and in in year-to-date. X. year-to-date. Merchant Slide This a quarter inflation segment quarter starting a
did to X rates this growth the The turista of high, Merchant historical back in interest to X contribute remains Dólar in eased to not late Argentina and contributed excess inflation in quarter therefore growth percentage point year-to-date. quarter. are points quarter second averages continuation revenue nearly and While organic and
of with which and summary impact included the revenue. again total revenue, On adjusted on the Fiserv we've offsetting from Slide segment impacts currency inflation a along excess headwind X, interest of Argentine Merchant devaluation,
the Merchant December year-to-date. in for and devaluation results quarter last percentage XX% from Solutions revenue in after peso the Argentine quarterly XX The growth include Adjusted year. late headwind, was a largely point currency sharp X% a
the quarter. to than inflation headwind the was growth interest much tailwind to currency adjusted the in and higher Similar QX, revenue the
new XXXX factor manage Kitchen System, the hardware restaurants XX-inch to form this brought Clover orders an year outstanding market year, we been launches. has for KDS demand. XL, and Earlier or in larger that efficiency improve Display to a
and wait help restaurant towards revenue the most an tickets. QX, oriented and version which launched thinner And increasing the we which XX% retail. new of lighter, solution ordering, and introduced staff Compact, entry-level launched drive expansion in Clover opportunities. and We XX% that wait the TAM new we reducing create also device called Flex self-service handheld allows the recently, VAS Flex will average Kiosk, In a Pocket, is for times
volume Now growth the than and macro levels. pace. business similar in respectively, of slower moving Small is XX% spending comfortable on the According external volume lines. X%, consumer variety overall was quarter adjusted appears X%. was This to a but a to payment and growth of business QX last organic stable year, revenue to growth growth at indicators,
attributable Fiserv's our likely to presence Fiserv and index year-over-year small The growing business heavily food X.X% performance slightly results, small XXXX. business been QX was of is which of difference different compared growth a international weighted have such and sales to more of ahead faster. our for and volume business. categories, is services, to nondiscretionary QX mix X.X% X.X% which for showed as
in point growth to annualized Clover of XX% and payment in grew volume VAS growth the increased driven X SaaS sequentially Clover penetration Capital QX, on revenue quarter third by by XX% package. XX%. Clover in an the
will services. With $X.X XXXX retail Clover VAS plans progress, remain revenue billion rolling achieve QX, in track we vertical new and we of to In for XX%. targets out and this on be software our of penetration
organic was XX% growth by adjusted VAS and penetration. XX%, Enterprise the transactions XX% higher quarter revenue respectively, and of and in growth driven
Argentina. includes As with small benefit growth in organic some in business, transitory enterprise
growth a is to continues client. processing Above a QX direct reflects in Hub ongoing and of now enterprise customer to Xx and versus traction a QX. from business to PayFac compared the when ramping the average large almost transactions Xx daily Commerce see processing
the Much more gives And Hub. existing Hub forward. sell growth clients opportunity to to the And they migrating of clients increasingly the Commerce now to are platform going enhanced fact us from the Commerce connected comes are that the solutions. on transaction VAS
decreased certain organic merchant were where processing represents the the growth This own revenue both processing Finally, with the and revenue our processing Year-to-date, declined consistent partners X%. organic quarter and revenue ISO X%, bank adjusted in back-end business do for by we while flat, relationship. they adjusted our expectation.
Solutions million increased quarter, XXX XX% income the Merchant points basis up Adjusted adjusted segment $X.X increased operating $XXX XX.X%. with operating XX% Year-to-date, XX.X%. to margin XXX margin to operating points income in adjusted to in to operating the basis with billion, up adjusted
quarters, expense income operating from quarter recorded from points basis included expanded revenue XXX As were for below line. the operating cost is operating XXX If Merchant noted in margins adjusted anticipation prior the year-to-date. in and anticipation interest have income, interest the the would
in our Solutions Organic full Turning to segment. Slide X on and X% to quarter the year-to-date, Financial of year with in X% revenue outlook line grew the X%.
each business the XX%. be at in by Growth the payments continue Digital to at transactions Looking lines. organic and X% strong Zelle revenue grew adjusted quarter. in
We continue RTP such and payments as clients to digital FedNow see demand products for from integrations.
product Bank billion for XX last we last interest our National X X bringing financial the integrated total Counties high wins we to continues Central, months, the institutions, Amarillo announcement. see ARAP in X the X from since to total, CashFlow solution In institutions. nearly $XX In and months, signed Bank. Tri SMBs, had
quarter, care. and X% grew health revenue adjusted various across X%, and and driven organic verticals, demand including respectively, issuing, government by In in the
HSA health quarter, HealthEquity the to our processing Optus, the accounts converted we card vertical. FSA leadership and During care issuing in card solidifying platform, our the remaining
Digital, credit our COCC to Banking Last now Experience XD, will on of organic XXX adjusted and In or about relationship the X% we quarter. banking COCC, the online solution. the provider and and mobile XD as signing Center, client-owned quarter, merchant a include third we solution. grew expanded known Computer agreement banking which in banks with available revenue is Connecticut our unions quarter, to a which technology. community On-Line is be spoke
strong billion, with segment at X% segment operating the operating operating $X.X operating to for adjusted adjusted up Year-to-date, points came the billion, XX.X%. X% income Financial for basis $X.X adjusted margin XX.X%. up XX was Third and to Solutions was quarter up in income margin adjusted to
expectations. line some year-to-date. quarter with up the $XXX in details year-to-date, quarter adjusted wrap tax loss million and me with financials. let operating the in was was The and $XXX our Now effective rate remaining XX.X% million in on adjusted the XX.X% The corporate
be We expect slightly rate the year full to XX%. below
$XX.X outstanding XX. September debt Total billion on was
down X.Xx the quarter our ratio EBITDA Our debt from with in adjusted in leverage in target second third to X.Xx to range. line quarter, the went
we since total quarter, $X.X last our over repurchase billion, XXXX months $X.X the shares repurchased merger. We end bringing and XX shareholders the cash During $XX for the for return XX for million shares the to X billion authorized to million billion at the quarter. had remaining of
Turning to X. Slide
a in forecasted share our XX% per to range and XX% to $X.XX from earlier, is year Frank full are acceleration growth midpoint As at an $X.XX, This raising of a $X.XX from to raise also outlook to from XX% $X.XX. adjusted to $X.XX guidance. earnings guidance $X.XX said XX%. up we to EPS the from is This our adjusted original prior
XX% growth raising We organic our XX% from to outlook to XX% are revenue XXXX XX%. to
raising Additionally, basis from to points our we least basis at points. more are outlook XXX adjusted expansion margin than XXX
Lastly, free updating above we our third $X.X and from in cash driven about $X.X guidance quarter by cash are strong flow billion, to the billion flow free the year-to-date.
Given excess quarter, of continue through Solutions. for points the of but the points turista we fourth now inflation interest and benefit the company program see continuing for year. the easing environment current to into end We Argentina, X the assume X Dólar this the Merchant total from and year in
Dólar total inflation and and Our company full benefit organic turista. of interest year outlook point transitory XX% over X of from a Argentina growth in X-point just XX% to includes from growth
transitory our of X% the be these XX%. XX% growth to of guidance XXXX upper factors, to would XX%, Excluding revenue medium-term at combined organic end
the adjusted to impact X.X% foreign anticipate stronger, inflation to and and continue to exchange remains though forecasted from excess will revenue a The growth we headwind currency tailwind interest. from relative declining be
have we last been items past you the on that the many month. about month, over progress asking made in of X Finally,
have financials impact our of is disruptive to scale do they change not ability and an our demonstrate in business way a navigate business, not opportunity. While to on outsized given that these ongoing our open our the in always
First, reported, venture, X, take Merchant joint portion will Wells expect business. Fargo April as or owned XXXX, of previously cash we of XX% at time ownership Fargo Wells assets Services, on our the our to for we receive which
to to merchants, related new Well's Fiserv other processing services provide and continue along services. will existing with
growth see As adjusted X% no outlook XX% to we XX% to this from a transaction. our revenue adjusted EPS growth to of result, and medium-term XX% change
processing merchant fifth our extended business services we Fiserv, PNC enterprise back and for a Secondly, Clover venture dates processing XXXX, with from supporting small to and The to the relationship growing PNC time. joint expect with and clients here. have presence from we hardware
optionality And Georgia approved apply purpose limited merchant anticipated in to operational to is be acquirer acceptance is third, of for from sponsorship bank a the application the state approval purpose that networks for charter. card This enables direct the our acquiring. Fiserv XXXX. for charter special a and merchant state for allows This into
It's banks becoming Fiserv open important is not deposits do. not a traditional take to write that clarify loans or bank. will as Fiserv branches,
that. itself activities. no intention fact, traditional not doing in And charter banking in these have does permit We the
the back that, to me for let call Frank With turn remarks. some closing
