Company: ACIW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000935036-25-000013
Chunk: 71

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 attributed to the reportable segments in one of three methods: (1) direct costs of the segment, (2) labor costs that can be attributed based upon time tracking for individual projects, or (3) costs that are allocated. Allocated costs are generally marketing and sales related activities. Segment Adjusted EBITDA is the measure reported to the CODM for purposes of making decisions on allocating resources and assessing the performance of the Company’s segments, including budget and forecast-to-actual variances, and, therefore, Segment Adjusted EBITDA is presented in conformity with ASC 280, Segment Reporting. Segment Adjusted EBITDA is defined as earnings from operations before interest, income tax expense (benefit), depreciation and amortization (“EBITDA”) adjusted to exclude net other income (expense).Corporate and unallocated expenses includes global facilities and information technology costs and long-term product roadmap expenses in addition to corporate overhead costs that are not allocated to reportable segments. The overhead costs relate to human resources, finance, legal, accounting, and merger and acquisition activity. These costs along with depreciation and amortization and stock-based compensation are not considered when management evaluates segment performance.

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The following is selected financial data for the Company’s reportable segments for the periods indicated (in thousands):Three Months Ended March 31, 2025Payment SoftwareBillerTotalRevenue$200,725 $193,840 $394,565 Less:Interchange (a)— 130,828 130,828 Global technology and innovation (b)64,667 13,236 77,903 Other segment items (c)29,497 18,881 48,378 Segment Adjusted EBITDA$106,561 $30,895 $137,456 Reconciliation of income before income taxesDepreciation and amortization(23,985)Stock-based compensation expense(11,627)Corporate and unallocated expenses(43,328)Interest, net(10,619)Other, net23,740 Income before income taxes$71,637 Three Months Ended March 31, 2024Payment SoftwareBillerTotalRevenue$141,157 $174,862 $316,019 Less:Interchange (a)— 112,394 112,394 Global technology and innovation (b)60,432 11,983 72,415 Other segment items (c)28,436 19,748 48,