Revenue Growth
Total revenue for the quarter increased 6% year-over-year to $223 million, with all business segments outperforming internal expectations.
New York City Contract
Verra Mobility identified as the vendor to manage New York City's automated enforcement safety programs for a 5-year period starting December 2025.
Commercial Services Growth
Commercial Services segment revenue increased by 6% year-over-year, with RAC tolling and FMC revenue growing by 6% and 12% respectively.
Government Solutions Expansion
Government Solutions service revenue increased by 4%, with 7% growth outside of New York City, driven by new and existing customers implementing photo enforcement programs.
Strong Adjusted EPS Growth
Adjusted EPS increased 11% year-over-year, aided by operating performance, share repurchases, and reduced interest rates.