ACI环球 2025年度报告

EBITDA grew 9% to $507 million, with net adjustedEBITDA margin expanding to 42%. We repurchasedapproximately 4% of our outstanding shares for$203 million, and our strong balance sheet givesus the flexibility to keep investing while returningcapital to shareholders. Dear Fellow Shareholders, Two years ago, we committed to acceleratingrevenue growth into the high single digits. In 2025,we exceeded that objective, delivering double-digitrevenue growth for the second consecutive year. As you know, ACI builds and operates paymentsand billing software heavily and intricatelyconnected to our customers’ operations—softwarethey rely on every day to move money and supportrevenue generation. Our solutions are embedded incomplex environments, and replacing them can behighly disruptive; one customer likened replacingour flagship products to an organ transplant.This deep integration, combined with long-termrelationships and recurring revenue, is what allowsour business to continue growing year after year. Payment Software In 2025, we united our Banking and Merchantbusinesses into a single segment called PaymentSoftware, simplifying the operating model to supportfaster innovation and execution. The segmentdelivered 9% revenue growth and 10% adjustedEBITDA growth across issuing and acquiring,real-time payments, fraud and financial crimesolutions, and merchant services. We announcedlarge new customers for ACI Connetic, ourcloud-native payments hub, and our pipeline reflectsgrowing interest from institutions that need boththe stability of proven technology and a clear pathto modernize. We also won one of our largestcompetitive takeaways ever in Asia Pacific, whichwe expect to reference once implementation iscompleted. This advocacy will be critical as wepursue other institutions ready to move off aginginfrastructure and onto ACI Connetic. 2025 was ACI’s 50th year. I couldn’t fully appreciatehow meaningful this milestone was until we hostedPayments Unleashed in New York City in October,bringing together customers, partners, and industryleaders from the world’s top banks, financialinstitutions, merchants, and billers. I have known ACIfor many years—first as a customer, then as a boardmember—long before becoming CEO. Standing ina room full of people whose businesses dependon what this company has built over five decades,something clicked for me. The conversations aroundreal-time payments, stablecoins, fraud, and thefuture of payments infrastructure were among themost energizing of my career. I came away from thatevent, and indeed from 2025, with strengthenedconviction in the opportunities ahead. Biller Our Biller segment delivered another year ofconsistent, profitable growth, with revenueincreasing 13%. New business wins spannedutilities, government, and consumer finance, whileexisting customers expanded transaction volumes.More billers are consolidating onto modern digitalplatforms, and many are choosing ACI as the partnerfor that transformation. Speedpay One™, ournext-generation bill payment platform, continues toadvance as the centerpiece of our long-term strategy. Strong financial performance ACI delivered solid financial results in 2025, witha total revenue of $1.76 billion, up 10% from 2024.Recurring revenue grew 11% to $1.21 billion. Adjusted Our Board A global business In 2025, we welcomed two new directors,Didier Lamouche and Todd Ford, and added athird, Kim deBeers, in early 2026. Each bringsexpertise that strengthens our governance andour thinking about the future of payments. As partof a planned succession, Jan Estep and CharliePeters transitioned off the board in early 2026. I amgrateful for the judgment they brought over manyyears of service. In real-time account-to-account payments, weexpanded our relationship with PayNet in Malaysia,went live with Banco de la República in Colombia,and deepened our partnership with Canada’sleading digital payments network. In the US,FedNow®Service and RTP adoption continues togrow. ACI produces the de facto standard report onglobal real-time payments, Prime Time for Real-Time,consulted and relied upon by players across theglobe. When institutions evaluate options to build ormodernize critical real-time payments infrastructure,ACI is usually on the list for consideration, and thewins of the past year reflect that. Looking ahead I have spent much of my career in payments,watching the industry transform from card networksto the internet, mobile, and now real-time andAI-native payments. Each wave created newdemands and new winners. What I know afterwatching this company for many years is thatcomplexity in payments does not diminish demandfor what ACI does; it increases it. I have never beenmore confident in where we stand or more excitedabout what comes next. Artificial intelligence AI is top of mind, as both a facilitator of change anda potential source of risk for many industries. Theconcern I hear most often is that AI could replicateor displace what ACI does. Ou