Revenue Growth and Improved EBITDA
Achieved a 5% revenue growth and a 9.4% improvement in EBITDA compared to the prior year. Total revenue for Q1 was $204 million, an increase of $10 million over the previous year.
Capital Return to Shareholders
Returned approximately $455 million in capital to shareholders during the quarter through dividends and share repurchases. This brings the cumulative total of capital returned to shareholders since 2016 to nearly $5 billion.
Decrease in Operating Expenses
Total operating expenses for the quarter were $411 million, a decrease of $12 million compared to the prior year, primarily due to lower legal fees and settlements.
Continued Growth in Small Business and Wave
Continuing double-digit growth at Wave and momentum in high-margin subscription products such as Pro-Tier, as well as strong payments volume.
Dividend Increase and Share Repurchases
Regular quarterly dividend reflected a 12% increase announced in August. Completed share repurchase plan for fiscal 2026, retiring approximately 6% of shares outstanding.