Exhibit 99.1
aciw-logoa.jpg



ACI Worldwide, Inc. Reports Financial Results for the
Quarter Ending March 31, 2025


Q1 2025 HIGHLIGHTS
•Revenue up 25% versus Q1 2024
•Net income of $59 million versus net loss of $8 million in Q1 2024
•Adjusted EBITDA up 95% versus Q1 2024
•Repurchased 1 million shares for $52 million YTD
•Raising guidance range for full-year 2025

OMAHA, Neb. — May 8, 2025 — ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, announced financial results today for the quarter ending March 31, 2025.

"We are happy to report Q1 results that were again ahead of our expectations," said Thomas Warsop, president and CEO of ACI Worldwide. “Our newly formed Payment Software segment, which is the combination of our former Bank and Merchant segments, grew revenue 42%. We continue to see strength in our Issuing and Acquiring solutions driven by large financial institutions’ modernization efforts. Our Biller business was also strong with revenue up 11%.”

Warsop continued, “We had a strong start to the year and our financial position continues to improve. This strong start makes us even more confident in our full-year financial expectations. We remain focused on the execution of our strategy, delivering transformative software solutions that power intelligent payment orchestration in real time.”
Q1 2025 FINANCIAL SUMMARY
In Q1 2025, revenue was $395 million, up 25% from Q1 2024. Recurring revenue of $286 million grew 8% and represented 72% of total revenue in the quarter. Net income of $59 million compares to a net loss of $8 million in Q1 2024 and includes a $22 million after tax gain on the sale of our minority interest in India-based Mindgate. Adjusted EBITDA in Q1 2025 was $94 million, up 95% from Q1 2024. Cash flow from operating activities in Q1 2025 was $78 million, versus $123 million in Q1 2024.
•Payment Software segment revenue grew 42% and segment adjusted EBITDA increased 104% versus Q1 2024.
•Biller segment revenue grew 11% and segment adjusted EBITDA increased 1% versus Q1 2024.

ACI ended Q1 2025 with $230 million in cash on hand and a debt balance of $853 million, which represents a net debt leverage ratio of 1.2x adjusted EBITDA. Year to date, the company has repurchased 1 million shares for approximately $52 million in capital. The company has approximately $320 million remaining available on the share repurchase authorization.


RAISING 2025 GUIDANCE
Given our strong start to the year and to account for the impact of changes in foreign currency rates, we are raising our revenue guidance for the full year of 2025. We now expect revenue to be in the range of $1.690 billion to $1.720 billion. We continue to expect adjusted EBITDA to be in the range of $480 million to $495 million. For Q2 2025, we expect revenue to be between $375 million and $385 million and adjusted EBITDA of $55 million to $65 million.
CONFERENCE CALL TO DISCUSS FINANCIAL RESULTS
Today, management will host a conference call at 8:30 a.m. ET to discuss these results. Interested persons may access a real-time teleconference webcast at http://investor.aciworldwide.com/. To join the live audio call, please dial +1 (800) 715-9871, provide your name, the conference name of ACI Worldwide, Inc. and conference ID 88945; alternatively, to reduce operator assisted delays joining the call, we invite you to register in advance by visiting https://registrations.events/direct/Q4I88945397. This process will provide you with a unique passcode allowing you to join the call without operator assistance.
About ACI Worldwide
ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers, and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With nearly 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.
© Copyright ACI Worldwide, Inc. 2025.
ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries or both. Other parties' trademarks referenced are the property of their respective owners.
For more information contact:

Investor Relations
John Kraft
SVP, Head of Strategy and Finance
305-894-2223 / john.kraft@aciworldwide.com



To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude significant transaction-related expenses, as well as other significant non-cash expenses such as depreciation, amortization, and stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. The presentation of these non-GAAP financial measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management generally compensates for limitations in the use of non-GAAP financial measures by relying on comparable GAAP financial measures and providing investors with a reconciliation of non-GAAP financial measures only in addition to and in conjunction with results presented in accordance with GAAP.

We believe that these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business. Certain non-GAAP measures include:

•Adjusted EBITDA: net income (loss) plus income tax expense (benefit), net interest income (expense), net other income (expense), depreciation, amortization and stock-based compensation, as well as significant transaction-related expenses. Adjusted EBITDA should be considered in addition to, rather than as a substitute for, net income (loss).

•Net Adjusted EBITDA Margin: Adjusted EBITDA divided by revenue net of pass-through interchange revenue. Net Adjusted EBITDA Margin should be considered in addition to, rather than as a substitute for, net income (loss).

•Diluted EPS adjusted for non-cash and significant transaction related items: diluted EPS plus tax effected significant transaction related items, amortization of acquired intangibles and software, and non-cash stock-based compensation. Diluted EPS adjusted for non-cash and significant transaction related items should be considered in addition to, rather than as a substitute for, diluted EPS.

•Recurring Revenue: revenue from software as a service and platform as a service fees and maintenance fees. Recurring revenue should be considered in addition to, rather than as a substitute for, total revenue.

•ARR: New annual recurring revenue expected to be generated from new accounts, new applications, and add-on sales bookings contracts signed in the period.



FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements based on current expectations that involve a number of risks and uncertainties. Generally, forward-looking statements do not relate strictly to historical or current facts and may include words or phrases such as “believes,” “will,” “expects,” “anticipates,” “intends,” and words and phrases of similar impact. The forward-looking statements are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements in this press release include, but are not limited to: (i) we continue to see strength in our Issuing and Acquiring solutions driven by large financial institutions’ modernization efforts, (ii) our financial position continues to improve, (iii) this strong start makes us even more confident in our full-year financial expectations, (iv) we remain focused on the execution of our strategy, delivering transformative software solutions that power intelligent payment orchestration in real time, and (v) Q2 2025 and full-year 2025 revenue and adjusted EBITDA financial guidance.
All of the foregoing forward-looking statements are expressly qualified by the risk factors discussed in our filings with the Securities and Exchange Commission. Such factors include, but are not limited to, increased competition, business interruptions, cybersecurity incidents or failure of our information technology and communication systems, security breaches, our ability to attract and retain senior management personnel and skilled technical employees, future acquisitions, strategic partnerships and investments, divestitures and other restructuring activities, implementation and success of our strategy, impact if we convert some or all on-premise licenses from fixed-term to subscription model, anti-takeover provisions, exposure to credit or operating risks arising from certain payment funding methods, loss caused by theft or fraud, customer reluctance to switch to a new vendor, our ability to adequately defend our intellectual property, litigation, consent orders and other compliance agreements, our offshore software development activities, risks from operating internationally, including fluctuations in currency exchange rates, events in eastern Europe and the Middle East, adverse changes in the global economy, compliance of our products with applicable legislation, governmental regulations and industry standards, the complexity of our products and services and the risk that they may contain hidden defects, legal and business risks from artificial intelligence technology incorporated into our products, risks to our business from the use of artificial intelligence by our workforce, complex regulations applicable to our payments business, our compliance with privacy and cybersecurity regulations, compliance with requirements of the payment card networks and Nacha, exposure to unknown tax liabilities, changes in tax laws and regulations, consolidations and failures in the financial services industry, volatility in our stock price, demand for our products, failure to obtain renewals of customer contracts or to obtain such renewals on favorable terms, delay or cancellation of customer projects or inaccurate project completion estimates, changes in card association and debit network fees or products, impairment of our goodwill or intangible assets, the accuracy of management’s backlog estimates, the cyclical nature of our revenue and earnings and the accuracy of forecasts due to the concentration of revenue-generating activity during the final weeks of each quarter, restrictions and other financial covenants in our debt agreements, our existing levels of debt, incurring additional debt, events outside of our control including natural disasters, wars, and outbreaks of disease, and revenues or revenue mix below expectations. For a detailed discussion of these risk factors, parties that are relying on the forward-looking statements should review our filings with the Securities and Exchange Commission, including our most recently filed Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q.



ACI WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited and in thousands)
March 31, 2025December 31, 2024
ASSETS
Current assets
Cash and cash equivalents$230,057 $216,394 
Receivables, net of allowances386,083 414,399 
Settlement assets543,245 318,871 
Prepaid expenses35,885 29,218 
Other current assets13,430 11,940 
Total current assets1,208,700 990,822 
Noncurrent assets
Accrued receivables, net353,767 360,079 
Property and equipment, net33,712 35,069 
Operating lease right-of-use assets26,460 28,864 
Software, net83,738 92,893 
Goodwill1,226,026 1,226,026 
Intangible assets, net160,716 165,377 
Deferred income taxes, net76,681 72,713 
Other noncurrent assets33,462 53,450 
TOTAL ASSETS$3,203,262 $3,025,293 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable$52,521 $45,422 
Settlement liabilities542,092 317,484 
Employee compensation30,780 55,567 
Current portion of long-term debt34,945 34,928 
Deferred revenue72,449 75,419 
Other current liabilities71,727 73,808 
Total current liabilities804,514 602,628 
Noncurrent liabilities
Deferred revenue18,437 19,304 
Long-term debt810,906 889,649 
Deferred income taxes, net40,942 39,920 
Operating lease liabilities20,934 22,592 
Other noncurrent liabilities24,929 26,873 
Total liabilities1,720,662 1,600,966 
Commitments and contingencies
Stockholders’ equity
Preferred stock— — 
Common stock702 702 
Additional paid-in capital735,751 731,927 
Retained earnings1,656,955 1,598,085 
Treasury stock(797,214)(784,914)
Accumulated other comprehensive loss(113,594)(121,473)
Total stockholders’ equity1,482,600 1,424,327 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY$3,203,262 $3,025,293 



ACI WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited and in thousands, except per share amounts)
Three Months Ended March 31,
20252024
Revenues
Software as a service and platform as a service$237,083 $215,732 
License84,493 29,973 
Maintenance48,642 47,754 
Services24,347 22,560 
Total revenues394,565 316,019 
Operating expenses
Cost of revenue (1)213,378 191,107 
Research and development38,908 34,993 
Selling and marketing32,186 26,750 
General and administrative27,592 26,000 
Depreciation and amortization23,985 27,609 
Total operating expenses336,049 306,459 
Operating income58,516 9,560 
Other income (expense)
Interest expense(14,683)(19,010)
Interest income4,064 4,009 
Other, net23,740 (2,025)
Total other income (expense)13,121 (17,026)
Income (loss) before income taxes71,637 (7,466)
Income tax expense (benefit)12,767 285 
Net income (loss)$58,870 $(7,751)
Income (loss) per common share
Basic$0.56 $(0.07)
Diluted$0.55 $(0.07)
Weighted average common shares outstanding
Basic105,350 106,799 
Diluted106,827 106,799 
(1) The cost of revenue excludes charges for depreciation and amortization.


ACI WORLDWIDE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited and in thousands)
Three Months Ended March 31,
20252024
Cash flows from operating activities:
Net income (loss)$58,870 $(7,751)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation3,156 3,631 
Amortization20,829 23,978 
Amortization of operating lease right-of-use assets2,435 2,568 
Amortization of deferred debt issuance costs650 936 
Deferred income taxes(2,463)1,006 
Stock-based compensation expense11,627 8,099 
Gain on sale of equity investment(25,927)— 
Other(718)(1,311)
Changes in operating assets and liabilities:
Receivables41,640 127,269 
Accounts payable7,479 (448)
Accrued employee compensation(25,182)(26,453)
Deferred revenue(4,648)13,907 
Other current and noncurrent assets and liabilities(9,527)(22,190)
Net cash flows from operating activities78,221 123,241 
Cash flows from investing activities:
Purchases of property and equipment(2,170)(3,208)
Purchases of software and distribution rights(6,759)(14,582)
Proceeds from sale of equity investment46,021 — 
Net cash flows from investing activities37,092 (17,790)
Cash flows from financing activities:
Proceeds from issuance of common stock813 693 
Proceeds from exercises of stock options582 475 
Repurchase of stock-based compensation awards for tax withholdings(7,070)(3,302)
Repurchases of common stock(14,408)(62,515)
Proceeds from revolving credit facility— 164,000 
Repayment of revolving credit facility(70,000)(152,000)
Proceeds from term portion of credit agreement— 500,000 
Repayment of term portion of credit agreement(9,375)(529,073)
Payments for debt issuance costs— (5,141)
Payments on or proceeds from other debt, net(4,217)(2,694)
Net increase (decrease) in settlement assets and liabilities88,324 (18,933)
Net cash flows from financing activities(15,351)(108,490)
Effect of exchange rate fluctuations on cash1,791 2,314 
Net increase (decrease) in cash and cash equivalents101,753 (725)
Cash and cash equivalents, including settlement deposits, beginning of period265,018 238,821 
Cash and cash equivalents, including settlement deposits, end of period$366,771 $238,096 
Reconciliation of cash and cash equivalents to the Consolidated Balance Sheets
Cash and cash equivalents$230,057 $183,393 
Settlement deposits136,714 54,703 
Total cash and cash equivalents$366,771 $238,096 








Three Months Ended March 31,
Adjusted EBITDA (millions)20252024
Net income (loss)$58.9 $(7.8)
Plus:
Income tax expense12.8 0.3 
Net interest expense10.6 15.0 
Net other (income) expense(23.7)2.0 
Depreciation expense3.2 3.6 
Amortization expense20.8 24.0 
Non-cash stock-based compensation expense11.6 8.1 
Adjusted EBITDA before significant transaction-related expenses$94.1 $45.2 
Significant transaction-related expenses:
Cost reduction strategies$— $2.6 
Other— 0.3 
Adjusted EBITDA$94.1 $48.1 
Revenue, net of interchange:
Revenue$394.6 $316.0 
Interchange130.8 112.4 
Revenue, net of interchange$263.8 $203.6 
Net Adjusted EBITDA Margin36 %24 %

Three Months Ended March 31,
Segment Information (millions)20252024
Revenue
Payment Software$200.7 $141.1 
Biller193.9 174.9 
Total$394.6 $316.0 
Recurring Revenue
Payment Software$91.9 $88.6 
Biller193.8 174.9 
Total$285.7 $263.5 
Segment Adjusted EBITDA
Payment Software$106.6 $52.3 
Biller30.9 30.7 

Note: Amounts may not recalculate due to rounding.



Three Months Ended March 31,
20252024
EPS Impact of Non-cash and Significant Transaction-related Items (millions)EPS Impact$ in Millions
(Net of Tax)		EPS Impact$ in Millions
(Net of Tax)
GAAP net income (loss)$0.55 $58.9 $(0.07)$(7.8)
Adjusted for:
Gain on sale of equity investment(0.20)(21.7)— — 
Significant transaction-related expenses— — 0.02 2.2 
Amortization of acquisition-related intangibles0.04 4.1 0.06 6.4 
Amortization of acquisition-related software0.03 3.2 0.03 3.4 
Non-cash stock-based compensation0.09 9.2 0.06 6.2 
Total adjustments$(0.04)$(5.2)$0.17 $18.2 
Diluted EPS adjusted for non-cash and significant transaction-related items$0.51 $53.7 $0.10 $10.4 

Three Months Ended March 31,
Recurring Revenue (millions)20252024
SaaS and PaaS fees$237.1 $215.7 
Maintenance fees48.6 47.8 
Recurring Revenue$285.7 $263.5 

New Bookings (millions)Three Months Ended March 31,TTM Ended March 31,
2025202420252024
Annual recurring revenue (ARR) bookings$8.9 $6.4 $68.3 $68.4 
License and services bookings50.0 27.2 312.8 243.4 

Note: Amounts may not recalculate due to rounding.