ACI Worldwide, Inc.

Thank you for standing by. My name is Janice, and I'll be your conference operator today. At this time, I would like to welcome everyone to the ACI Worldwide Inc. third quarter 2025 financial results. All lines have been placed on you to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question at this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you, and I would now like to turn the conference over to John Kraft. You may begin.

Good morning, everyone, and thank you for joining our call. On today's call, we will discuss ACI's third quarter 2025 results and our financial outlook for the remainder of the year. We will take your questions at the end of the call. The slides accompanying this webcast can be found at ACIworldwide.com under the Investor Relations tab and will remain available after the call. As always, today's call is subject to safe harbor and forward-looking statements. You can find the full text of these statements in our presentation deck and earnings release, both available on our website and filed with the SEC. Joining me today are Tom Warstop, our President and CEO, and Bobby LeBrock, our CFO. Before I turn it over, I did want to share that we will be attending some investor conferences, including Citi's 14th Annual FinTech Conference in New York City on November 18, Stephen's Annual Investment Conference in Nashville on November 20, and the UBS Global Technology and AI Conference in Scottsdale, December 3. With that, I'll turn the call over to Tom.

Thanks, John. Good morning, everyone, and thank you for joining our Q3 earnings call. I'm going to share some key takeaways, and then Bobby will review our financials and guidance before we take your questions. We spent the last couple of years investing in our leading software and working hard to structurally reshape ACI for accelerating growth and financial predictability. Q3 was another strong quarter for ACI and another proof point that our efforts are working. We delivered 7% year-over-year total revenue growth with double-digit recurring revenue growth in the quarter. For the year so far, both total revenue and adjusted EBITDA are up 12%, reflecting consistent execution and operational efficiency across the business. Given this momentum, we're again raising our full-year guidance, and Bobby will share more about that shortly. As I've mentioned on prior calls, our team is working hard to reduce some of the variability introduced by our historic term license software business model. While we can't completely eliminate it, our focus on getting deals closed earlier in the year, movement toward more ratable pricing structures in our payment software segment, and consistent growth in our biller business is helping lessen the quarter to quarter variability. We're continuing this effort, and I expect to continue to see benefits. Looking at our segments, the biller business continues to perform well, with Q3 revenue up 10% compared to a year ago. We're seeing particularly strong growth in the utility and government verticals. Our payment software segment delivered 4% growth compared to last year, and it's up 12% year to date with the strong start we had to 2025. We continue to see strong demand from both traditional banks and established payment processors, as well as from up-and-coming fintechs. Bottom line is, the winners in the marketplace are investing, and they're often choosing ACI for their software needs. I've been talking about our ACI Kinetic platform for several quarters now, and I'm happy to report We signed our first new ACI Kinetic customer in Q3, Solaris, a German fintech and bank. We were very selective in choosing our first customer, as I've indicated we would be, and we're committed to working closely with the Solaris team to successfully implement the technology across their system. They are an ideal partner, focused on the future and on dramatically improving their business, supported by our industry-leading technology and services. Solaris CEO Karsten Hultkemeyer was a featured speaker at our recent Payments Unleashed event in New York, and he talked about the many challenges and opportunities in the financial services industry, and specifically about how we are working together to take advantage. Looking ahead, Kinetics, architecture, and capabilities are resonating with customers who are looking to modernize and simplify their payments infrastructure. We have expanded our pipeline, we've deepened relationships with existing customers, and we're excited about what's ahead as we roll out this compelling new platform. In addition, we made a small but important acquisition of a European-based FinTech payment components. that provide software for financial messaging translation, orchestration, and integration. Although the direct impact to our revenue will not be material, the software they provide and the great team of technologists that have now joined us will augment our AI-first initiatives and help accelerate the development roadmap of our ACI kinetic offering. We will continue to be opportunistic in our approach to M&A grounded in disciplined capital allocation. I also want to point out our ongoing commitment to returning capital to shareholders and point you to our other announcement today. Year to date, we've repurchased 3.1 million shares for $150 million. And just today, we announced the increase of our repurchase authorization to $500 million. Stablecoin has obviously been another hot topic in our industry and on our recent earnings calls. Just a few weeks ago, we announced a partnership with BitPay, which supports our ability to unlock even more potential as cryptocurrencies and stablecoins continue to grow in importance. This partnership strengthens our existing commitment to digital currency innovation by expanding our payments orchestration platforms to establish capabilities for our customers. I mentioned Payments Unleashed briefly, and let me take a moment to give you a bit more insight on this great event. Payments Unleashed was ACI's premier payments summit and a celebration of our 50th anniversary. We brought together some of the brightest minds, thought leaders, innovators, and visionaries to discuss the future of payments. Topics included stablecoins, real-time payments, AI, modernization strategies for banks, merchants, and billers. The feedback was overwhelmingly positive, and we're proud to be at the center of these important conversations. On the topic of thought leadership, ACI has also been active in the media. Most recently, I joined Bloomberg TV's crypto show to share our perspective on stablecoins and its role in cross-border real-time payments. A couple weeks earlier, I discussed similar topics, including the role of Europe in the growth of stablecoins on CNBC's Squawk Box Europe. This is all part of a focused campaign to make ACI's points of view clearer and more widely shared. Expect to see me and the entire ACI leadership team much more often. Before I turn it over to Bobby, I'd also like to touch on the ongoing board refreshment that has continued to be a priority for us. We recently appointed Todd Ford and welcome back DDA LaMouche as independent directors. Todd, many years as CFO of high growth software technology companies, in combination with DDA's successful track record of leadership in global technology companies, will add value to our board and additional support for our management team as we focus on accelerating sustainable growth, delivering industry-leading software solutions, and generating shareholder value. Overall, we're pleased with our progress and optimistic about the remainder of 2025. And none of what we're doing would be possible without the hard work of our team members. I want to thank our talented team for their steadfast commitment to our customers and to all of our stakeholders. As I mentioned earlier, our strategy to sign contracts earlier in the year continues to pay off, and our pipeline remains robust. We will continue to focus on increasing shareholder value through operational excellence and technology leadership, solidifying the durability of our improving growth. With that, I'll turn it over to Bobby to walk through financials and guidance.