v3.25.2
Business segment information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Business segment information
The following is our segment information for the quarters and six months ended June 30, 2025 and June 30, 2024:

Quarter Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Merchant Services:
Revenue$101,404 $98,527 $199,173 $195,004 
Other segment items(79,667)(79,339)(156,058)(154,379)
Adjusted EBITDA21,737 19,188 43,115 40,625 
B2B Payments:
Revenue$70,982 70,230 $141,137 139,648 
Other segment items(55,367)(56,218)(112,200)(112,375)
Adjusted EBITDA15,615 14,012 28,937 27,273 
Data Solutions:
Revenue$67,829 57,393 $145,056 117,104 
Other segment items(47,462)(41,597)(104,996)(86,439)
Adjusted EBITDA20,367 15,796 40,060 30,665 
Print:
Revenue$281,047 308,745 $572,351 612,079 
Other segment items(190,695)(214,882)(391,165)(427,260)
Adjusted EBITDA90,352 93,863 181,186 184,819 
Total reportable segments:
Revenue$521,262 $534,895 $1,057,717 $1,063,835 
Other segment items(373,191)(392,036)(764,419)(780,453)
Adjusted EBITDA148,071 142,859 293,298 283,382 
All other:(1)
Revenue$— 2,921 $16 8,935 
Other segment items— (1,333)(52)(3,710)
Adjusted EBITDA— 1,588 (36)5,225 
Total:
Revenue$521,262 $537,816 $1,057,733 $1,072,770 
Other segment items(373,191)(393,369)(764,471)(784,163)
Adjusted EBITDA148,071 144,447 293,262 288,607 

(1) Includes the payroll and human resources services business, which we substantially exited during 2024 (Note 6).
Reconciliation of adjusted EBITDA to income before income taxes
The following table presents the reconciliation of total segment adjusted EBITDA to consolidated income before income taxes:

Quarter Ended
June 30,		Six Months Ended
June 30,
(in thousands)2025202420252024
Total segment adjusted EBITDA$148,071 $144,447 $293,262 $288,607 
Corporate operations(41,609)(41,061)(86,630)(84,763)
Depreciation and amortization expense(33,477)(41,692)(68,756)(83,439)
Interest expense(30,944)(30,197)(62,210)(61,006)
Net income attributable to non-controlling interest37 38 72 65 
Restructuring and integration expense(4,236)(11,029)(12,656)(25,766)
Share-based compensation expense(6,172)(5,009)(11,631)(10,130)
Certain legal and environmental expense— — (512)(300)
Gain on sale of businesses and long-lived assets— 15,401 — 23,982 
Income before income taxes$31,670 $30,898 $50,939 $47,250 
Revenue disaggregated by product and service offerings
The following tables present revenue disaggregated by our product and service offerings:
Quarter Ended June 30, 2025
(in thousands)Merchant ServicesB2B
Payments		Data
Solutions		PrintAll
Other		Consolidated
Checks$— $— $— $173,674 $— $173,674 
Merchant services101,404 — — — — 101,404 
Data-driven marketing— — 62,988 — — 62,988 
Treasury management solutions
— 54,484 — — — 54,484 
Forms and other business products— — — 54,178 — 54,178 
Promotional solutions— — — 53,195 — 53,195 
Other payment solutions— 16,498 — — — 16,498 
Other web-based solutions— — 4,841 — — 4,841 
Total revenue$101,404 $70,982 $67,829 $281,047 $— $521,262 
Quarter Ended June 30, 2024
(in thousands)Merchant ServicesB2B
Payments		Data
Solutions		PrintAll
other		Consolidated
Checks$— $— $— $179,360 $— $179,360 
Merchant services98,527 — — — — 98,527 
Data-driven marketing— — 52,495 — — 52,495 
Treasury management solutions
— 55,349 — — — 55,349 
Forms and other business products— — — 58,364 — 58,364 
Promotional solutions— — — 71,021 — 71,021 
Other payment solutions14,881 — 14,881 
Other web-based solutions4,898 — 4,898 
Other— — — — 2,921 2,921 
Total revenue$98,527 $70,230 $57,393 $308,745 $2,921 $537,816 
Six Months Ended June 30, 2025
(in thousands)Merchant ServicesB2B
Payments		Data
Solutions		PrintAll
Other		Consolidated
Checks$— $— $— $348,883 $— $348,883 
Merchant services199,173 — — — — 199,173 
Data-driven marketing— — 134,982 — — 134,982 
Forms and other business products— — — 114,708 — 114,708 
Treasury management solutions
— 108,796 — — — 108,796 
Promotional solutions— — — 108,760 — 108,760 
Other payment solutions— 32,341 — — — 32,341 
Other web-based solutions— — 10,074 — — 10,074 
Other— — — — 16 16 
Total revenue$199,173 $141,137 $145,056 $572,351 $16 $1,057,733 
Six Months Ended June 30, 2024
(in thousands)Merchant ServicesB2B
Payments		Data
Solutions		PrintAll
Other		Consolidated
Checks$— $— $— $357,844 $— $357,844 
Merchant services195,004 — — — — 195,004 
Data-driven marketing— — 106,819 — — 106,819 
Forms and other business products— — — 122,156 — 122,156 
Treasury management solutions— 110,426 — — — 110,426 
Promotional solutions— — — 132,079 — 132,079 
Other payment solutions— 29,222 — — — 29,222 
Other web-based solutions— — 10,285 — — 10,285 
Other— — — — 8,935 8,935 
Total revenue$195,004 $139,648 $117,104 $612,079 $8,935 $1,072,770