Consistent EBITDA Growth
The company reported a tenth consecutive quarter of year-over-year comparable adjusted EBITDA growth, with a 4.5% increase to $106 million.
Data Solutions Segment Success
The Data Solutions segment achieved more than 18% revenue growth in the second quarter, driven by demand deposit generation campaigns among financial institution partners.
Improved Free Cash Flow
Year-to-date free cash flow increased by 200%, or more than $34 million, compared to the first half of 2024.
Leverage Ratio Improvement
The company's leverage ratio improved to 3.5x with a path to be below 3x by next year.
Margin Expansion
The company expanded its margin rate by 140 basis points to just above 20%.
Merchant Services Growth
Merchant Services segment revenue grew by 2.9%, with adjusted EBITDA improving by 13% and margins expanding by 190 basis points.
B2B Payments Performance
B2B payments saw a 1.1% revenue increase, with adjusted EBITDA expanding by 11.4% and margins improving by 210 basis points.