ACI Worldwide (ACIW)
Market Price (10/5/2026): $50.17 | Market Cap: $5.1 BilSector: Information Technology | Industry: Application Software
ACI Worldwide (ACIW)
Market Price (10/5/2026): $50.17Market Cap: $5.1 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% Attractive yieldFCF Yield is 5.6% Low stock price volatilityVol 12M is 34% Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Digital Payments, Online Banking & Lending, Show more. | Weak multi-year price returns2Y Excs Rtn is -35% | Key risksACIW key risks include [1] potential service delivery interruptions from its significant internal platform consolidation project and [2] a high revenue concentration in the North American market. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Attractive yieldFCF Yield is 5.6% |
| Low stock price volatilityVol 12M is 34% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Digital Payments, Online Banking & Lending, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -35% |
| Key risksACIW key risks include [1] potential service delivery interruptions from its significant internal platform consolidation project and [2] a high revenue concentration in the North American market. |
Qualitative Assessment
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ACI Worldwide (ACIW) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Macroeconomic Headwinds and Broader Tech Sector Pressure: ACI Worldwide's stock movement was influenced by a broader market selloff that impacted technology and software companies. This downturn was driven by surging oil prices, a global bond yield spike following U.S.-Iran tensions, and heightened expectations for Federal Reserve interest rate hikes, creating a risk-off sentiment in the market, particularly evident in September 2026.
2. Softening Biller Segment Performance and Bookings Concerns: Despite overall strong fiscal Q2 2026 results (ended June 30, 2026), the company's Biller segment experienced softer net revenue and profitability due to a challenging prior-year comparison and increased discrete expenses. Additionally, net new annual recurring revenue bookings declined by 25% in fiscal Q2 2026 to $18 million, which, while partially offset by other factors, raised investor concerns about future revenue conversion.
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ACI Worldwide (ACIW) stock has remained largely at the same level since 6/30/2026 because of the following key factors:
1. Macroeconomic Headwinds and Broader Tech Sector Pressure: ACI Worldwide's stock movement was influenced by a broader market selloff that impacted technology and software companies. This downturn was driven by surging oil prices, a global bond yield spike following U.S.-Iran tensions, and heightened expectations for Federal Reserve interest rate hikes, creating a risk-off sentiment in the market, particularly evident in September 2026.
2. Softening Biller Segment Performance and Bookings Concerns: Despite overall strong fiscal Q2 2026 results (ended June 30, 2026), the company's Biller segment experienced softer net revenue and profitability due to a challenging prior-year comparison and increased discrete expenses. Additionally, net new annual recurring revenue bookings declined by 25% in fiscal Q2 2026 to $18 million, which, while partially offset by other factors, raised investor concerns about future revenue conversion.
3. Back-End Loaded Revenue Guidance and Q3 Expectations: ACI Worldwide provided fiscal year 2026 guidance that projected a significant portion of its second-half revenue, approximately 60%, to occur in fiscal Q4 2026, with only 40% expected in fiscal Q3 2026. This back-end-loaded revenue recognition, primarily due to the timing of high-margin Payment Software license renewals, likely tempered investor enthusiasm and expectations for fiscal Q3 performance.
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Stock Movement Drivers
Fundamental Drivers
The -0.3% change in ACIW stock from 6/30/2026 to 10/4/2026 was primarily driven by a -9.3% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.29 | 50.15 | -0.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,791 | 1,820 | 1.6% |
| Net Income Margin (%) | 11.5% | 12.4% | 7.8% |
| P/E Multiple | 24.9 | 22.6 | -9.3% |
| Shares Outstanding (Mil) | 102 | 102 | 0.4% |
| Cumulative Contribution | -0.3% |
Market Drivers
6/30/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| ACIW | -0.3% | |
| Market (SPY) | 3.1% | 5.2% |
| Sector (XLK) | 4.9% | -27.5% |
Fundamental Drivers
The 22.3% change in ACIW stock from 3/31/2026 to 10/4/2026 was primarily driven by a 21.2% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 41.01 | 50.15 | 22.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,760 | 1,820 | 3.4% |
| Net Income Margin (%) | 12.9% | 12.4% | -3.7% |
| P/E Multiple | 18.6 | 22.6 | 21.2% |
| Shares Outstanding (Mil) | 103 | 102 | 1.4% |
| Cumulative Contribution | 22.3% |
Market Drivers
3/31/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| ACIW | 22.3% | |
| Market (SPY) | 18.6% | -0.9% |
| Sector (XLK) | 50.5% | -19.3% |
Fundamental Drivers
The -5.0% change in ACIW stock from 9/30/2025 to 10/4/2026 was primarily driven by a -16.0% change in the company's Net Income Margin (%).| (LTM values as of) | 9302025 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 52.77 | 50.15 | -5.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,701 | 1,820 | 7.0% |
| Net Income Margin (%) | 14.8% | 12.4% | -16.0% |
| P/E Multiple | 21.9 | 22.6 | 2.8% |
| Shares Outstanding (Mil) | 104 | 102 | 2.8% |
| Cumulative Contribution | -5.0% |
Market Drivers
9/30/2025 to 10/4/2026| Return | Correlation | |
|---|---|---|
| ACIW | -5.0% | |
| Market (SPY) | 16.5% | 16.3% |
| Sector (XLK) | 42.3% | -0.4% |
Fundamental Drivers
The 122.3% change in ACIW stock from 9/30/2023 to 10/4/2026 was primarily driven by a 128.8% change in the company's Net Income Margin (%).| (LTM values as of) | 9302023 | 10042026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.56 | 50.15 | 122.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,371 | 1,820 | 32.7% |
| Net Income Margin (%) | 5.4% | 12.4% | 128.8% |
| P/E Multiple | 32.9 | 22.6 | -31.5% |
| Shares Outstanding (Mil) | 108 | 102 | 6.8% |
| Cumulative Contribution | 122.3% |
Market Drivers
9/30/2023 to 10/4/2026| Return | Correlation | |
|---|---|---|
| ACIW | 122.3% | |
| Market (SPY) | 86.2% | 43.8% |
| Sector (XLK) | 148.1% | 28.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ACIW Return | -10% | -34% | 33% | 70% | -8% | 2% | 27% |
| Peers Return | -17% | -24% | 7% | 26% | -28% | -21% | -52% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| ACIW Win Rate | 17% | 25% | 58% | 75% | 42% | 56% | |
| Peers Win Rate | 50% | 42% | 57% | 63% | 43% | 29% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| ACIW Max Drawdown | -34% | -44% | -32% | -13% | -29% | -20% | |
| Peers Max Drawdown | -33% | -39% | -28% | -16% | -40% | -36% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FISV, FIS, GPN, JKHY, PYPL. See ACIW Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/2/2026 (YTD)
How Low Can It Go
| Event | ACIW | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -13.7% | -18.8% |
| % Gain to Breakeven | 15.8% | 23.1% |
| Time to Breakeven | 101 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.7% | -9.5% |
| % Gain to Breakeven | 18.6% | 10.5% |
| Time to Breakeven | 7 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.8% | -6.7% |
| % Gain to Breakeven | 26.3% | 7.1% |
| Time to Breakeven | 158 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.5% | -24.5% |
| % Gain to Breakeven | 71.0% | 32.4% |
| Time to Breakeven | 584 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.7% | -33.7% |
| % Gain to Breakeven | 60.6% | 50.9% |
| Time to Breakeven | 236 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -10.5% | -19.2% |
| % Gain to Breakeven | 11.7% | 23.8% |
| Time to Breakeven | 10 days | 105 days |
In The Past
ACI Worldwide's stock fell -13.7% during the 2025 US Tariff Shock. Such a loss loss requires a 15.8% gain to breakeven.
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| Event | ACIW | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -20.8% | -6.7% |
| % Gain to Breakeven | 26.3% | 7.1% |
| Time to Breakeven | 158 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.5% | -24.5% |
| % Gain to Breakeven | 71.0% | 32.4% |
| Time to Breakeven | 584 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.7% | -33.7% |
| % Gain to Breakeven | 60.6% | 50.9% |
| Time to Breakeven | 236 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -30.0% | -12.2% |
| % Gain to Breakeven | 42.8% | 13.9% |
| Time to Breakeven | 451 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -29.4% | -17.9% |
| % Gain to Breakeven | 41.6% | 21.8% |
| Time to Breakeven | 129 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -54.7% | -53.4% |
| % Gain to Breakeven | 120.7% | 114.4% |
| Time to Breakeven | 158 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -28.7% | -8.6% |
| % Gain to Breakeven | 40.3% | 9.5% |
| Time to Breakeven | 1408 days | 47 days |
In The Past
ACI Worldwide's stock fell -13.7% during the 2025 US Tariff Shock. Such a loss loss requires a 15.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ACI Worldwide (ACIW)
ACI Worldwide, Inc. (ACIW) is a global software company specializing in comprehensive digital payment solutions. The company develops, markets, installs, and supports a broad range of software products designed to facilitate and manage digital payments for various entities worldwide. Essentially, ACIW provides the critical technology infrastructure that enables banks, businesses, and organizations to process and orchestrate payments efficiently and securely.
Its core offerings span the entire payment lifecycle, including solutions for payment acquiring (e.g., ACI Acquiring, ACI Omni Commerce) and payment issuing (ACI Issuing). ACIW also offers platforms for enterprise payment processing and orchestration (ACI Enterprise Payments Platform), real-time payment processing for both low and high-value transactions, and advanced fraud management (ACI Fraud Management). Beyond transactional processing, the company provides cloud-based digital banking platforms (ACI Digital Business Banking) and integrated suites for digital billing, payment, and communication services (ACI Speedpay).
ACI Worldwide primarily serves a diverse clientele globally, including banks, merchants, and billers. Its electronic bill presentment and payment services specifically cater to sectors such as consumer finance, insurance, healthcare, higher education, utility, government, and mortgage. In addition to its software products, ACIW provides implementation, configuration, custom modification, consultancy, and support services to ensure clients effectively leverage its payment technologies.
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Here are 1-3 brief analogies for ACI Worldwide (ACIW):
- Like Stripe for big banks and billers.
- The Intel inside for major banks' payment systems.
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- ACI Acquiring: A merchant management system designed to deliver digital innovation, improve fraud prevention, and reduce interchange fees.
- ACI Issuing: A dedicated solution for digital payments issuing.
- ACI Enterprise Payments Platform: Provides comprehensive payment processing and orchestration capabilities for digital payments.
- ACI Low Value Real-Time Payments: A platform specifically for processing real-time payments of lower value.
- ACI High Value Real-Time Payments: A payments engine offering multi-bank, multi-currency, 24x7 payment processing, and SWIFT messaging for high-value transactions.
- ACI Omni Commerce: A scalable, omni-channel platform for processing payments across various touchpoints.
- ACI Secure eCommerce: A solution focused on securing e-commerce transactions.
- ACI Fraud Management: A real-time approach to detecting and preventing payment fraud.
- ACI Digital Business Banking: A cloud-based platform facilitating digital banking operations for businesses.
- ACI Speedpay: An integrated suite providing digital billing, payment, disbursement, and communication services across multiple sectors.
- Implementation Services: Includes product installations, configurations, and custom software modifications.
- Consultancy and Support Services: Provides business and technical consultancy, on-site support, product education, and testing services.
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ACI Worldwide (ACIW) sells its software products and solutions primarily to other companies and institutions. The provided company description identifies its major customers by categories rather than by specific company names. Therefore, its major customers are:
- Banks and Financial Institutions: ACI Worldwide offers a range of solutions for these entities, including ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, and ACI Digital Business Banking, among others.
- Merchants: The company provides products such as ACI Acquiring, ACI Omni Commerce, and ACI Secure eCommerce solution to merchants for payment processing and management.
- Billers: ACI Worldwide serves billers with its ACI Speedpay suite, offering integrated digital billing, payment, disbursement, and communication services. These services are provided to various sectors, including consumer finance, insurance, healthcare, higher education, utility, government, and mortgage.
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Thomas W. Warsop, III President and Chief Executive Officer
Thomas Warsop became ACI's President and Chief Executive Officer in November 2022, and officially in June 2023, after joining the ACI Board of Directors in June 2015 and becoming non-executive Chairman in June 2022. He brings over 30 years of experience in information technology, financial services, and insurance. Prior to ACI, he served as Group President at Fiserv, Inc. from 2007 to 2012. He also spent 17 years at Electronic Data Systems in various leadership capacities, including President of its Business Process Outsourcing unit in Asia Pacific, and Vice President of Global Financial Services. Warsop has a pattern of managing companies backed by private equity firms, having led various portfolio companies for several leading private equity firms since 2012, such as One Call Care Management, York Risk Services Group, and The Warranty Group. He currently serves on the Board of Altus Group.
Robert Leibrock Chief Financial Officer
Robert Leibrock was appointed Chief Financial Officer, effective July 1, 2025. He joined ACI from Red Hat, Inc., where he held the roles of Senior Vice President, Chief Operating Officer, and CFO. At Red Hat, he was instrumental in overseeing financial operations during a period of significant growth and organizational transformation, including initiatives related to artificial intelligence. Before Red Hat, he spent nearly 20 years at IBM in various senior finance roles across the CFO and Software organizations. He was a pivotal member of the leadership team behind IBM's $34 billion acquisition of Red Hat and played a central role in driving the integration strategy and long-term value creation. His experience at IBM included financial leadership positions in security and automation software, cloud platform, global technology services, and the mainframe business.
Alessandro Silva Chief Revenue Officer
Alessandro Silva is ACI's Chief Revenue Officer, leading the company's commercial organization to drive global organic growth through sales effectiveness and customer service. Since joining ACI in 2021, he served as head of international markets, responsible for commercial strategy and strengthening sales and customer success capabilities across Latin America, Europe, Asia Pacific, the Middle East, and Africa. Prior to ACI, Mr. Silva held various sales and general manager roles in the U.S., Canada, Latin America, and Europe, working for companies such as Western Union, GE Capital, The Carlyle Group, and Credicard.
Philip Bruno Chief Strategy and Growth Officer
Philip Bruno serves as the Chief Strategy and Growth Officer at ACI Worldwide.
JP Krishnamoorthy Chief Innovation & Technology Officer
JP Krishnamoorthy holds the position of Chief Innovation & Technology Officer at ACI Worldwide.
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ACI Worldwide (symbol: ACIW), a software company facilitating digital payments globally, faces several key risks inherent to its industry and operations:
- Cybersecurity and Data Breaches: Given ACI Worldwide's role in processing sensitive financial data for banks, merchants, and billers, the company is highly vulnerable to cybersecurity threats and data breaches. A successful cyberattack or a lapse in data handling can lead to substantial financial losses, severe damage to customer relationships, and significant reputational harm. The company must continuously invest heavily in robust security measures to protect its systems and data. This risk was concretely demonstrated by a $25 million fine from the Consumer Financial Protection Bureau (CFPB) in 2023 for improper data handling that resulted in approximately $2.3 billion in erroneous mortgage payment transactions, impacting nearly 500,000 homeowners.
- Intense Competition and Rapid Technological Change: The digital payments market in which ACI Worldwide operates is characterized by intense competition and rapid technological advancements. ACI faces pressure from large-scale established competitors, smaller agile FinTech companies, and even the in-house IT departments of potential customers. The necessity for continuous innovation and adaptation to new technologies, including artificial intelligence (AI) and evolving payment methods, is crucial to prevent its products from becoming less competitive or obsolete. Failure to keep pace with these changes can strain resources and impact market share and profitability.
- Regulatory Compliance and Evolving Landscape: ACI Worldwide operates within a complex and dynamic global regulatory environment that includes stringent requirements related to data privacy, cybersecurity, financial services, and anti-money laundering. Adhering to these evolving regulations (such as FFIEC, PSD3, and ISO 20022) is costly and can limit operational flexibility. Non-compliance can result in significant penalties and legal challenges, as evidenced by the CFPB fine related to unauthorized mortgage payments and data handling violations. The company must maintain skilled compliance, security, risk, and audit professionals to navigate this landscape, and competition for these skillsets is intense.
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ACI Worldwide operates in several large and growing addressable markets for its payment software and solutions. The estimated market sizes for its main products and services are as follows:
- Digital Payments Market: The global digital payment market size was estimated at USD 114.41 billion in 2024 and is projected to reach USD 361.30 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 21.4% from 2025 to 2030. North America dominated the digital payment industry, accounting for a 33.5% share in 2024.
- Real-Time Payments Market: The global real-time payments market size was valued at USD 34.16 billion in 2025 and is projected to grow from USD 47.06 billion in 2026 to USD 498.99 billion by 2034, exhibiting a CAGR of 34.30% during the forecast period. North America held the largest market share in 2025 at 43.10%.
- Fraud Detection and Prevention Market: The global fraud detection and prevention market size was valued at USD 54.61 billion in 2025 and is projected to grow from USD 67.12 billion in 2026 to USD 243.72 billion by 2034, exhibiting a CAGR of 17.50% during the forecast period. North America held a 42.00% market share in 2025.
- eCommerce Payments Market: The global eCommerce payments market generated USD 291.5 billion in 2025 and is predicted to register growth from USD 332.9 billion in 2026 to approximately USD 1,099.8 billion by 2035, recording a CAGR of 14.20%. Asia Pacific held a dominant market position in 2025, capturing more than a 54.6% share.
- Bill Payment Software Market: The global bill payment software market was valued at approximately USD 4.83 billion in 2024 and is projected to reach USD 5.43 billion by 2025. ACI Worldwide is noted as a top company in this market, supporting over 5,100 organizations globally.
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ACI Worldwide (ACIW) anticipates several key drivers for its future revenue growth over the next two to three years, primarily stemming from its strategic focus on cloud-native solutions, real-time payments, and an expanding customer base.
One significant driver is the continued expansion and adoption of **ACI Connetic, the company's cloud-native payments hub**.
This platform has seen strategic wins, including the signing of a major European bank, and is considered the fastest-growing part of ACI's pipeline. Connetic is expected to further boost revenue by adding card capabilities and targeting mid-tier banks. ACI's overall emphasis on **recurring revenue streams, particularly from Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS) offerings**, is also a central growth engine, with recurring revenue increasing by 11% in 2025 and 13% in the fourth quarter of 2025. SaaS revenue alone grew 11% for the full year 2025 and 15% in Q4. This shift towards more predictable, subscription-based models is a key part of the company's growth strategy. Another expected driver is the robust performance and adoption within the **Biller segment, driven by the ACI Speedpay platform**. This segment delivered a 13% revenue increase in 2025, fueled by transaction growth and customer adoption of the Speedpay platform. Finally, ACI Worldwide is poised to benefit from the **global acceleration in the adoption of real-time payments**. Management has indicated that real-time payments are still in their early stages globally, and ACI, having established a strong global presence, anticipates continued growth in transaction volumes, which will translate into revenue expansion. The real-time payments portion of the business grew 8% in 2025 and is projected to be a significant contributor to future growth.AI Analysis | Feedback
Share Repurchases
- In June 2024, ACI Worldwide authorized a new $400 million share repurchase program, which included the remaining $65 million from a prior authorization. Year-to-date in 2024, the company had already repurchased approximately 3 million shares for $106 million.
- A new $500 million stock repurchase plan was approved in November 2025, replacing previous buyback authorizations.
- ACI Worldwide returned $203 million to shareholders through share repurchases in 2025 and plans to allocate 50% to 60% of operating cash flow to share repurchases in 2026.
Share Issuance
- The number of common shares outstanding was 106,412,716 as of December 31, 2023.
- As of February 23, 2026, there were 101,719,981 shares of common stock outstanding.
- A director acquired 2,400 shares of ACI Worldwide stock for $100,560 on March 3, 2026.
Outbound Investments
- On September 1, 2022, ACI Worldwide sold its corporate online banking solutions assets and liabilities to One Equity Partners for $100.0 million.
- In November 2025, ACI Worldwide acquired Payment Components, a Greek fintech specializing in AI-powered financial messaging and Open Banking solutions, to enhance its ACI Connetic platform.
Capital Expenditures
- Projected capital expenditures for ACI Worldwide in 2026 are $51 million.
- The primary focus of capital expenditures is on strategic initiatives such as the ACI Connetic platform, AI-driven efficiencies, and advancing Speedpay One.
Peer Outperformance in Application Software
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 72.0% | 194.8% | 342.7% | TTMI 927% · FLEX 789% · SANM 478% |
| Semiconductor Materials & Equipment | 27 | 102.0% | 118.1% | 135.4% | AXTI 986% · AEHR 681% · LRCX 558% |
| Technology Distributors | 9 | 44.1% | 98.0% | 108.7% | CLMB 415% · AVT 220% · SNX 177% |
| Electronic Components | 26 | 43.3% | 84.4% | 82.0% | CLS 4156% · BELFA 1424% · COHR 506% |
| Communications Equipment | 36 | 7.5% | 104.3% | 77.4% | AAOI 1583% · LITE 1224% · FEIM 959% |
| Semiconductors | 55 | 28.5% | 65.3% | 39.4% | POET 1813% · MU 1461% · NVDA 1049% |
| Technology Hardware, Storage & Peripherals | 20 | 23.9% | 126.2% | 35.7% | SMCI 1072% · DELL 1060% · STX 1049% |
| Internet Services & Infrastructure | 6 | -6.6% | 47.2% | 22.6% | DOCN 77% · VRSN 42% · GDDY 40% |
| Electronic Equipment & Instruments | 26 | -21.7% | 27.9% | -3.7% | PI 245% · KEYS 136% · VPG 123% |
| IT Consulting & Other Services | 28 | -22.9% | -7.7% | -18.9% | CHRN 505426% · APLD 1054% · TSSI 831% |
| Application Software ← | 125 | -29.5% | -14.1% | -45.2% | VIDA 132400% · INLX 4812% · PLTR 713% |
| Systems Software | 70 | -19.2% | 17.3% | -51.2% | QNC 555% · PAYS 456% · PANW 409% |
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.50 |
| Mkt Cap | 18.9 |
| Rev LTM | 11,216 |
| Op Inc LTM | 1,513 |
| FCF LTM | 1,372 |
| FCF 3Y Avg | 2,048 |
| CFO LTM | 2,317 |
| CFO 3Y Avg | 2,856 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.1% |
| Rev Chg 3Y Avg | 6.6% |
| Rev Chg Q | 6.0% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | 1.0% |
| Op Inc Chg 3Y Avg | 9.9% |
| Op Mgn LTM | 18.5% |
| Op Mgn 3Y Avg | 18.8% |
| QoQ Delta Op Mgn LTM | -0.7% |
| CFO/Rev LTM | 23.1% |
| CFO/Rev 3Y Avg | 28.3% |
| FCF/Rev LTM | 17.3% |
| FCF/Rev 3Y Avg | 20.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Payment Software | 942 | 868 | 767 | ||
| Biller | 818 | 727 | 686 | 629 | 592 |
| Banks | 639 | 625 | |||
| Merchants | 154 | 153 | |||
| Total | 1,760 | 1,594 | 1,453 | 1,422 | 1,371 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Payment Software | 544 | 495 | 400 | ||
| Biller | 141 | 131 | 142 | 107 | 129 |
| Stock-based compensation expense | -71 | -41 | -25 | -30 | -27 |
| Depreciation and amortization | -97 | -111 | -122 | -127 | -133 |
| Corporate and unallocated expenses | -187 | -166 | -175 | -167 | -186 |
| Banks | 371 | 373 | |||
| Merchants | 49 | 54 | |||
| Total | 330 | 308 | 220 | 204 | 210 |
| $ Mil | 2015 | 2014 | 2013 |
|---|---|---|---|
| United States | 1,197 | 1,243 | |
| Europe, Middle East and Africa | 643 | 488 | 380 |
| Asia Pacific | 117 | 120 | 132 |
| Other Americas | 33 | ||
| Americas | 1,169 | ||
| Total | 1,990 | 1,851 | 1,682 |
Price Behavior
| Market Price | $50.15 | |
| Market Cap ($ Bil) | 5.1 | |
| First Trading Date | 02/27/1995 | |
| Distance from 52W High | -16.7% | |
| 50 Days | 200 Days | |
| DMA Price | $52.85 | $46.64 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -5.1% | 7.5% |
| 3M | 1YR | |
| Volatility | 27.9% | 34.6% |
| Downside Capture | 150.61 | 69.38 |
| Upside Capture | 78.34 | 49.52 |
| Correlation (SPY) | 5.6% | 16.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.43 | 0.48 | 0.12 | -0.03 | 0.43 | 0.97 |
| Up Beta | -2.40 | -0.83 | -1.93 | -0.32 | 0.29 | 1.07 |
| Down Beta | 1.34 | 0.29 | 0.11 | -0.62 | 0.19 | 0.89 |
| Up Capture | 19% | 35% | 66% | 35% | 38% | 97% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 19 | 32 | 68 | 131 | 399 |
| Down Capture | 164% | 195% | 95% | 5% | 75% | 97% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 23 | 32 | 58 | 120 | 347 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACIW | |
|---|---|---|---|---|
| ACIW | -4.9% | 34.4% | -0.10 | - |
| Sector ETF (XLK) | 41.2% | 26.5% | 1.27 | -0.4% |
| Equity (SPY) | 16.2% | 13.0% | 0.88 | 16.3% |
| Gold (GLD) | 6.8% | 29.6% | 0.22 | -13.0% |
| Commodities (DBC) | 44.9% | 20.8% | 1.67 | -22.0% |
| Real Estate (VNQ) | 1.5% | 13.6% | -0.15 | 23.1% |
| Bitcoin (BTCUSD) | -28.9% | 44.3% | -0.64 | 15.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACIW | |
|---|---|---|---|---|
| ACIW | 9.8% | 35.7% | 0.33 | - |
| Sector ETF (XLK) | 21.5% | 25.9% | 0.73 | 38.9% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 49.9% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | 1.3% |
| Commodities (DBC) | 10.3% | 19.6% | 0.41 | 3.5% |
| Real Estate (VNQ) | 0.7% | 18.8% | -0.07 | 45.4% |
| Bitcoin (BTCUSD) | 14.6% | 52.2% | 0.45 | 20.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ACIW | |
|---|---|---|---|---|
| ACIW | 10.2% | 35.7% | 0.37 | - |
| Sector ETF (XLK) | 24.9% | 25.0% | 0.90 | 47.5% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 55.9% |
| Gold (GLD) | 11.5% | 16.4% | 0.57 | 0.2% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 12.8% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | 48.2% |
| Bitcoin (BTCUSD) | 64.1% | 66.2% | 1.04 | 14.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/9/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -4.4% | -8.7% | -8.4% |
| 5/7/2026 | 7.8% | -5.7% | -1.1% |
| 2/26/2026 | -4.1% | 2.3% | -1.5% |
| 11/6/2025 | 5.0% | -1.4% | -6.2% |
| 8/7/2025 | 3.8% | 12.2% | 19.2% |
| 5/8/2025 | -11.7% | -10.3% | -13.8% |
| 2/27/2025 | 7.7% | 7.2% | 9.1% |
| 11/7/2024 | 8.8% | 4.2% | 2.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 12 |
| # Negative | 10 | 12 | 12 |
| Median Positive | 5.5% | 5.4% | 7.3% |
| Median Negative | -4.2% | -6.5% | -5.0% |
| Max Positive | 13.8% | 20.8% | 35.5% |
| Max Negative | -18.6% | -15.5% | -18.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | -4.4% | -8.7% | -8.4% |
| 5/7/2026 | 7.8% | -5.7% | -1.1% |
| 2/26/2026 | -4.1% | 2.3% | -1.5% |
| 11/6/2025 | 5.0% | -1.4% | -6.2% |
| 8/7/2025 | 3.8% | 12.2% | 19.2% |
| 5/8/2025 | -11.7% | -10.3% | -13.8% |
| 2/27/2025 | 7.7% | 7.2% | 9.1% |
| 11/7/2024 | 8.8% | 4.2% | 2.6% |
| 8/1/2024 | 5.8% | 4.9% | 14.9% |
| 4/30/2024 | 3.0% | 7.3% | 5.0% |
| 2/29/2024 | 6.3% | 0.9% | 7.2% |
| 11/2/2023 | 13.8% | 20.8% | 35.5% |
| 8/3/2023 | 5.3% | 4.6% | 7.4% |
| 5/4/2023 | -2.7% | -0.5% | -3.8% |
| 3/1/2023 | -0.2% | -2.5% | 1.5% |
| 11/2/2022 | -18.6% | -15.5% | -12.3% |
| 8/4/2022 | -4.6% | -7.3% | -18.4% |
| 5/5/2022 | -3.9% | -13.6% | -3.3% |
| 2/24/2022 | 2.8% | -0.3% | -0.1% |
| 11/4/2021 | 2.2% | 12.5% | -3.8% |
| 8/5/2021 | -0.6% | -2.0% | 1.1% |
| 5/6/2021 | 1.1% | 3.8% | 5.3% |
| 2/25/2021 | -9.2% | -9.1% | -9.6% |
| 11/5/2020 | 6.3% | 5.8% | 26.1% |
| SUMMARY STATS | |||
| # Positive | 14 | 12 | 12 |
| # Negative | 10 | 12 | 12 |
| Median Positive | 5.5% | 5.4% | 7.3% |
| Median Negative | -4.2% | -6.5% | -5.0% |
| Max Positive | 13.8% | 20.8% | 35.5% |
| Max Negative | -18.6% | -15.5% | -18.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/01/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/24/2022 | 10-K |
| 09/30/2021 | 11/04/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/25/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/27/2020 | 10-K |
| 09/30/2019 | 11/07/2019 | 10-Q |
Recent Forward Guidance
Updated 10/4/2026Latest: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 417.00 Mil | 422.00 Mil | 427.00 Mil | -1.9% | Lower New | Guidance: 430.00 Mil for Q2 2026 | |
| Q3 2026 Adjusted EBITDA | Reported | 90.00 Mil | 92.50 Mil | 95.00 Mil | 2.8% | Higher New | Guidance: 90.00 Mil for Q2 2026 | |
| 2026 Revenue | Reported | 1.90 Bil | 1.91 Bil | 1.93 Bil | 0.3% | Raised | Guidance: 1.91 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 545.00 Mil | 552.50 Mil | 560.00 Mil | 0.9% | Raised | Guidance: 547.50 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | Reported | 420.00 Mil | 430.00 Mil | 440.00 Mil | 4.9% | Higher New | Guidance: 410.00 Mil for Q1 2026 | |
| Q2 2026 Adjusted EBITDA | Reported | 85.00 Mil | 90.00 Mil | 95.00 Mil | -0.6% | Lower New | Guidance: 90.50 Mil for Q1 2026 | |
| 2026 Revenue | Reported | 1.89 Bil | 1.91 Bil | 1.92 Bil | 0.5% | Raised | Guidance: 1.90 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 540.00 Mil | 547.50 Mil | 555.00 Mil | 1.4% | Raised | Guidance: 540.00 Mil for 2026 | |
Q4 2025 Earnings Reported 2/26/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | Reported | 405.00 Mil | 410.00 Mil | 415.00 Mil | ||||
| Q1 2026 Adjusted EBITDA | Reported | 88.00 Mil | 90.50 Mil | 93.00 Mil | ||||
| 2026 Revenue Growth | Reported | 7.0% | 8.0% | 9.0% | ||||
| 2026 Revenue | Reported | 1.88 Bil | 1.90 Bil | 1.91 Bil | 8.8% | Higher New | Guidance: 1.74 Bil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 530.00 Mil | 540.00 Mil | 550.00 Mil | 7.5% | Higher New | Guidance: 502.50 Mil for 2025 | |
Q3 2025 Earnings Reported 11/6/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | Reported | 1.73 Bil | 1.74 Bil | 1.75 Bil | 1.0% | Raised | Guidance: 1.73 Bil for 2025 | |
| 2025 Adjusted EBITDA | Reported | 495.00 Mil | 502.50 Mil | 510.00 Mil | 1.0% | Raised | Guidance: 497.50 Mil for 2025 | |
Insider Activity
Updated 9/25/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Benitez, Juan II | Direct | Buy | 3042026 | 41.90 | 2,400 | 100,551 | 707,250 | Form | |
| 2 | Sanchez, Adalio T | Direct | Buy | 3042026 | 40.98 | 3,000 | 122,936 | 2,638,127 | Form | |
| 3 | Kuruvilla, Abraham | Chief Technology Officer | Direct | Sell | 11122025 | 47.69 | 4,210 | 200,786 | 4,621,270 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Benitez, Juan II | Direct | Buy | 3042026 | 41.90 | 2,400 | 100,551 | 707,250 | Form | |
| 2 | Sanchez, Adalio T | Direct | Buy | 3042026 | 40.98 | 3,000 | 122,936 | 2,638,127 | Form | |
| 3 | Kuruvilla, Abraham | Chief Technology Officer | Direct | Sell | 11122025 | 47.69 | 4,210 | 200,786 | 4,621,270 | Form |
Investor Activity (13F)
Updated Oct 5, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
ACI Worldwide — Investor Video Playlist
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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