Company: ACIW
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000935036-25-000006
Chunk: 132

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 132
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Refer to Note 11, Income Taxes, to our Notes to Consolidated Financial Statements in Part IV, Item 15 of this Form 10-K for additional information.

37

Prior Year Results

For discussion of the year ended December 31, 2023, compared to the year ended December 31, 2022, see Results of Operations in Part II, Item 7 of our annual report on Form 10-K for the year ended December 31, 2023.

Segment Results

Refer to Note 10, Segment Information, to our Notes to Consolidated Financial Statements in Part IV, Item 15 of this Form 10-K for discussion on identification of operating segments.

The following is selected financial data for our reportable segments for the periods indicated (in thousands):

Years Ended December 31,20242023RevenuesBanks$701,860 $616,051 Merchants165,910 150,616 Billers726,518 685,912 Total revenue$1,594,288 $1,452,579 Segment Adjusted EBITDABanks$425,519 $355,489 Merchants69,548 44,345 Billers131,187 142,343 Depreciation and amortization(110,962)(122,373)Stock-based compensation expense(41,281)(24,547)Corporate and unallocated expenses(165,876)(174,849)Interest, net(56,545)(64,271)Other, net(1,181)(8,510)Income before income taxes$250,409 $147,627 

Banks Segment Adjusted EBITDA increased $70.0 million for the year ended December 31, 2024, compared to the same period in 2023, primarily due to a $85.8 million increase in revenue primarily related to an increase in license revenues, partially offset by a $15.8 million increase in cash operating expense.

Merchants Segment Adjusted EBITDA increased $25.2 million for the year ended December 31, 2024, compared to the same period in 2023, primarily due to a $15.3 million increase in revenue and a $9.9 million decrease in cash operating expenses.

Billers Segment Adjusted EBITDA decreased $11.2 million for the year ended December 31, 2024, compared to the same period in 2023, primarily due to a