undamentalytics Newsletter
Sign in

ACI Worldwide, Inc. (ACIW) stock

Add to watchlist

Add holding +

NASDAQ: ACIW Nasdaq Application Software Next results ~November 5, 2026

C+ Fundamentals grade

ACI Worldwide develops software that processes electronic payments for banks, merchants and billers. Its solutions include ACI Connetic, ACI Acquiring and ACI Issuing for card and real-time payment processing, the ACI Payments Orchestration Platform for merchants, ACI Fraud Management for fraud detection, and Speedpay ONE for bill payments.

Customers range from large and mid-sized banks, central banks, processors and fintechs to retailers and billers in sectors such as utilities, insurance, healthcare and government. Software is sold under term licences run on customer premises or delivered through the cloud as software-as-a-service or platform-as-a-service, with contracts usually committing customers to five years, or three for certain cloud deals. ACI also earns from professional services, training and revenue-sharing with partners.

The business is organised around three markets — banks and intermediaries, merchants, and billers — and sells across the Americas, Europe/Middle East/Africa and Asia Pacific, though its bill-payment products are sold only in the United States. Incorporated in Delaware in 1993, ACI had 2,930 employees at the end of 2025 and customers in roughly 90 countries on six continents, including nearly all of the ten largest banks worldwide by assets and more than 80,000 merchants.

Based on ACI Worldwide, Inc.'s 10-K filed February 26, 2026.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$68

Cash-flow model

Base case. Range ~$50–$92 across our lower- and higher-growth cases (3.5%–13.5% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 14% below our base value.

Price used: $58.40, November 2, 2026

ACI Worldwide, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 1 selling2 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds187 adding, 178 cuttingOf 47 active managers that changed their stake, 16 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter ACI Worldwide files

Where ACI Worldwide stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.82bn, up 7.0% on a year earlier, about the same pace as a quarter earlier. That puts it 26 of 27 for growth among the application software companies we cover. Free-cash-flow margin held at 17.1%. The diluted share count is down 3.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 5 of our 7 financial-health checks. Our cash-flow model value is $55.53 a share, against a share price of $53.74. At that price, our model says the market is pricing in about 8.2% a year of cash-flow growth for five years, faster than the 5.8% a year revenue growth it has delivered.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

ACI Worldwide, Inc.'s trailing-twelve-month revenue grew 7.0% year on year, with a free-cash-flow margin of 17.1%. Where it stands out: operating margin of 18.6% ranks 33 of 181 application software companies we cover.

Our discounted-cash-flow model values the business at ~$68 per share in the base case (~$50–$92 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 6.0% while net income fell 10.1%: a 16pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 3.1% in a year, so each share owns more of the business.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Below peers: days sales outstanding. Days sales outstanding of 92 days ranks 129 of 162 application software companies we cover (median 57 days).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.54 against an average estimate of $0.53: beat by 1.9%
Revenue
$430m, up 7.3% on a year earlier
Share reaction
-7.1% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Guidance given
capital expenditures $45m (FY 2026); cash taxes $80m to $90m (FY 2026)
Next report
November 5, 2026; average EPS estimate $0.60

ACI Worldwide's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+3.7%
  • 1 week+4.9%
  • 1 month+16.5%
  • This year+22.2%
  • 1 year+22.6%
  • 5 years+89.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.8B
Operating margin
18.6%
Net margin
12.4%
EPS (TTM, diluted)
$2.19

Growth

Revenue growth
+7.0%
Change in growth rate
−0.0 pts
Share count change
−3.1%

Cash

Free cash flow (TTM)
$311M
FCF margin
17.1%
Stock pay % of revenue
4.3%

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Announcement
  4. Announcement
  5. Announcement
  6. Announcement
  7. Announcement
  8. Announcement
  9. Announcement
  10. Announcement
  11. Announcement
  12. Announcement
  13. Announcement
  14. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

ACI Worldwide, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 5.8% a year of cash-flow growth for five years.That is close to the 5.8% a year revenue growth ACI Worldwide has delivered.

  • Priced in5.8%
  • Last 12 months7.0%
  • 3 years a year9.9%
  • 5 years a year5.8%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($57.83, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$68
Price used
$57.83close November 3, 2026
Implied change
▲ +18%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of ACI Worldwide, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($316M, FY2026 Q2 TTM), growing 8.6% and 8.2% in the next two years (forecasts, guidance and its record), then back to 8.5% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$50–~$92 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of ACI Worldwide, Inc.'s free cash flow after stock-based pay ( $316M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value ACI Worldwide, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.93 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$68 ~$50–$92 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$54 ~$45–$91 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$27 ~$18–$41 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$26 ~$22–$31 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$49 ~$26–$68 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare ACI Worldwide, Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +35%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▼ −1%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $39$55$76$104$141$188
8.5% $28$40$55$75$101$135
10% $22$31$42$58$78$103

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$21.40$18.15$22.67$27.67$37.89$38.43$34.70$23.00$30.60$51.91$47.81$58.40
Market value$2.5bn$2.2bn$2.7bn$3.3bn$4.5bn$4.5bn$4.1bn$2.6bn$3.3bn$5.5bn$5.0bn$6.0bn
+ Net debt (− = net cash)$822m$678m$627m$536m$1.3bn$1.0bn$956m$973m$879m$716m$626m$659m
Enterprise value$3.4bn$2.8bn$3.3bn$3.8bn$5.8bn$5.5bn$5.1bn$3.6bn$4.2bn$6.2bn$5.6bn$6.7bn
Multiples
Price / sales 2.4x2.1x2.6x3.2x3.6x3.5x3.0x1.8x2.3x3.5x2.8x3.3x
Price / earnings 29.8x16.7xn/m47.2x67.0x62.5x32.2x18.5x27.4x27.2x22.1x26.6x
Price / free cash flow 15.8x36.5x22.5x19.6x41.0x15.3x20.6x20.2x20.9x16.1x16.2x19.3x
EV / EBITDA 14.9x8.7x17.8x17.0x23.4x19.5x14.8x10.9x12.3x14.9x13.2x15.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

59 /100

Moderate moat

How hard ACI Worldwide's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 19 / 20

    Cash operating profit has been a median 14.1% of total assets over 10 years.

  • Pricing power 17 / 20

    Gross margin has been a median 51.1%, moving by 2.9 percentage points (standard deviation) across 10 years.

  • Durability 3 / 20

    Operating margin has been a median 11.7%; its worst year was -2.4%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 13.7% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 13.4% over five years; stock-based pay has been a median 2.3% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (74 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $422m and EPS of $0.60 (range $0.52 to $0.67) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.60 +27% $1.9bn +8%
Next $3.90 +9% $2.1bn +8%

Next year's EPS estimate has moved +1.6% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +2.3% on 90 days ago. In the last 30 days, 3 analysts raised ACI Worldwide, Inc.'s forecast and 0 cut it.

Consensus EPS forecast ACI Worldwide, Inc., last 90 days
$3.50 $3.60 $3.70 $3.80 $3.90 $4.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.52 Current fiscal year, 60 days ago: $3.63 Current fiscal year, 30 days ago: $3.59 Current fiscal year, 7 days ago: $3.59 Current fiscal year, Now: $3.60 $3.60 Next fiscal year, 90 days ago: $3.84 Next fiscal year, 60 days ago: $3.86 Next fiscal year, 30 days ago: $3.89 Next fiscal year, 7 days ago: $3.91 Next fiscal year, Now: $3.90 $3.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.52$3.84
60 days ago $3.63$3.86
30 days ago $3.59$3.89
7 days ago $3.59$3.91
Now $3.60$3.90

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.53 $0.54 +1.9%
Mar 2026 $0.50 $0.61 +22.8%
Dec 2025 $1.01 $0.90 −10.7%
Sept 2025 $0.99 $1.09 +10.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, May 7, 2026
  • Capital expenditures FY 2026 about $45m
    “Capital expenditures expected to approximate $45M” source
  • Cash taxes FY 2026 $80m to $90m
    “Cash taxes expected to approximate $80 - 90M” source
  • Interest expense, net FY 2026 about $30m
    “Interest expense, net expected to approximate $30M” source
  • Depreciation and amortization FY 2026 about $90m
    “Depreciation and amortization expected to approximate $90M” source
  • Non-cash compensation expense FY 2026 $65m to $75m
    “Non-cash compensation expense expected to approximate $65 - 75M” source
  • Effective tax rate FY 2026 about 25%
    “Effective tax rate expected to approximate 25%” source
Show 1 more item
  • Diluted share count FY 2026 about 103m
    “Diluted share count expected to approximate 103 million shares (excluding future share buy-back activity)” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows ACI Worldwide, Inc.'s revenue by +8.6% next year and +8.2% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.7%, weight 62%) and the company's own record (+8.5%, weight 38%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy360%
Hold240%
Sell00%

Monthly trend

  1. Oct 2026325
  2. Sep 2026314
  3. Aug 2026314
  4. Jul 2026314

Counts of recommendations published by analysts covering ACI Worldwide, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.0%
of tradable shares
Days to cover
8.77
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.2%
of shares
Employees
2,930
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +22.6%

$47.63 on October 31, 2025 to $58.40

ThenNowEffect
Revenue (last 12 months) $1.7bn $1.8bn +7.0%
Net margin 14.8% 12.4% −16.0%
P/E multiple 20.2x 26.6x +32.2%
Share count 106m 103m +3.2%

Biggest factor: p/e multiple.

Last 3 years +142.4%

$24.09 on November 3, 2023 to $58.40

ThenNowEffect
Revenue (last 12 months) $1.4bn $1.8bn +32.7%
Net margin 5.4% 12.4% +128.8%
P/E multiple 35.8x 26.6x −25.7%
Share count 111m 103m +7.4%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ACIW−10%−34%+33%+70%−8%+22%
Industry peers (median)−7%−50%+19%+2%−21%−14%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ACIW17%25%58%75%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ACIW−34%−44%−32%−13%−29%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 54% from February 17, 2021 to October 27, 2023. Getting back needed a 118% gain, reached on July 29, 2024, 276 days after the low.

Price behaviour

52-week range
$38.47 – $60.18
From 52-week high
−3.0%
vs 50-day average
+11.9%
vs 200-day average
+23.5%
Volatility (1 year)
35%
Beta vs S&P 500
0.31

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
9 up, 3 down
typical move ±7.4%
After a week
8 up, 4 down
typical move ±7.6%
After a month
6 up, 6 down
typical move ±10.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −7.1% +0.5% −7.1% −8.4%
May 7, 2026 +5.2% +0.5% −5.5% −1.6%
February 26, 2026 −4.3% −1.0% +3.3% −3.9%
November 6, 2025 +1.5% −1.0% −2.2% −6.2%
August 7, 2025 +5.7% +0.7% +10.6% +21.5%
May 8, 2025 −15.2% +0.6% −11.1% −12.9%
February 27, 2025 +13.4% −0.1% +4.5% +7.3%
November 7, 2024 +6.6% +1.2% +1.1% −1.0%
August 1, 2024 +3.8% −3.3% +7.1% +16.5%
April 30, 2024 +3.8% −1.9% +8.4% +5.4%
February 29, 2024 +3.7% +1.3% +1.7% +4.6%
November 2, 2023 +19.0% +2.8% +28.7% +36.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How ACI Worldwide, Inc.’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

ACI Worldwide, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) ACI Worldwide, Inc.
$1.4B $1.5B $1.6B $1.7B $1.8B $1.9B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.4B Revenue (TTM), FY23 Q4: $1.5B Revenue (TTM), FY24 Q1: $1.5B Revenue (TTM), FY24 Q2: $1.5B Revenue (TTM), FY24 Q3: $1.6B Revenue (TTM), FY24 Q4: $1.6B Revenue (TTM), FY25 Q1: $1.7B Revenue (TTM), FY25 Q2: $1.7B Revenue (TTM), FY25 Q3: $1.7B Revenue (TTM), FY25 Q4: $1.8B Revenue (TTM), FY26 Q1: $1.8B Revenue (TTM), FY26 Q2: $1.8B $1.8B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.4B
FY23 Q4 $1.5B
FY24 Q1 $1.5B
FY24 Q2 $1.5B
FY24 Q3 $1.6B
FY24 Q4 $1.6B
FY25 Q1 $1.7B
FY25 Q2 $1.7B
FY25 Q3 $1.7B
FY25 Q4 $1.8B
FY26 Q1 $1.8B
FY26 Q2 $1.8B
Revenue growth, TTM YoY ACI Worldwide, Inc.
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -0.6% Revenue growth, TTM YoY, FY23 Q4: 2.2% Revenue growth, TTM YoY, FY24 Q1: 6.5% Revenue growth, TTM YoY, FY24 Q2: 11.5% Revenue growth, TTM YoY, FY24 Q3: 13.3% Revenue growth, TTM YoY, FY24 Q4: 9.8% Revenue growth, TTM YoY, FY25 Q1: 13.1% Revenue growth, TTM YoY, FY25 Q2: 11.2% Revenue growth, TTM YoY, FY25 Q3: 7.0% Revenue growth, TTM YoY, FY25 Q4: 10.4% Revenue growth, TTM YoY, FY26 Q1: 7.1% Revenue growth, TTM YoY, FY26 Q2: 7.0% 7.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -0.6%
FY23 Q4 2.2%
FY24 Q1 6.5%
FY24 Q2 11.5%
FY24 Q3 13.3%
FY24 Q4 9.8%
FY25 Q1 13.1%
FY25 Q2 11.2%
FY25 Q3 7.0%
FY25 Q4 10.4%
FY26 Q1 7.1%
FY26 Q2 7.0%
Operating margin (TTM) ACI Worldwide, Inc.
10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 13.7% Operating margin (TTM), FY23 Q4: 15.2% Operating margin (TTM), FY24 Q1: 17.2% Operating margin (TTM), FY24 Q2: 19.5% Operating margin (TTM), FY24 Q3: 22.1% Operating margin (TTM), FY24 Q4: 19.3% Operating margin (TTM), FY25 Q1: 21.3% Operating margin (TTM), FY25 Q2: 19.9% Operating margin (TTM), FY25 Q3: 19.8% Operating margin (TTM), FY25 Q4: 18.7% Operating margin (TTM), FY26 Q1: 18.4% Operating margin (TTM), FY26 Q2: 18.6% 18.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 13.7%
FY23 Q4 15.2%
FY24 Q1 17.2%
FY24 Q2 19.5%
FY24 Q3 22.1%
FY24 Q4 19.3%
FY25 Q1 21.3%
FY25 Q2 19.9%
FY25 Q3 19.8%
FY25 Q4 18.7%
FY26 Q1 18.4%
FY26 Q2 18.6%
FCF margin (TTM) ACI Worldwide, Inc.
5% 10% 15% 20% 25% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 7.8% FCF margin (TTM), FY23 Q4: 11.0% FCF margin (TTM), FY24 Q1: 16.4% FCF margin (TTM), FY24 Q2: 18.3% FCF margin (TTM), FY24 Q3: 19.1% FCF margin (TTM), FY24 Q4: 21.5% FCF margin (TTM), FY25 Q1: 17.9% FCF margin (TTM), FY25 Q2: 17.3% FCF margin (TTM), FY25 Q3: 18.1% FCF margin (TTM), FY25 Q4: 17.6% FCF margin (TTM), FY26 Q1: 16.5% FCF margin (TTM), FY26 Q2: 17.1% 17.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 7.8%
FY23 Q4 11.0%
FY24 Q1 16.4%
FY24 Q2 18.3%
FY24 Q3 19.1%
FY24 Q4 21.5%
FY25 Q1 17.9%
FY25 Q2 17.3%
FY25 Q3 18.1%
FY25 Q4 17.6%
FY26 Q1 16.5%
FY26 Q2 17.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar ACI Worldwide took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.8B
  2. Cost of revenue $898M · 51.0%
  3. Gross profit $862M · 49.0%
  4. Research and development $168M · 9.5%
  5. Selling, general and admin $268M · 15.2%
  6. Other operating costs $96.9M · 5.5%
  7. Operating income $330M · 18.7%
  8. Income tax $80M · 4.5%
  9. Interest and other $23.2M · 1.3%
  10. Net income $227M · 12.9%

Shares of revenue. Source: ACI Worldwide's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 406 418 465 667 865 1,016 1,046 1,006 1,024 1,010 1,258 1,294 1,371 1,422 1,453 1,594 1,760 1,820
Gross profit — — — — — — 574 561 572 579 641 672 732 726 733 803 862 893
EBITDA 65 80 95 125 193 225 225 325 187 223 246 285 343 331 343 419 427 437
Operating income 42 54 66 74 123 138 128 221 85 126 124 145 210 204 220 308 330 339
Net income 20 27 46 49 64 68 85 130 5 69 67 73 128 142 122 203 227 226
Diluted EPS $0.19 $0.27 $0.45 $0.41 $0.53 $0.58 $0.72 $1.09 $0.04 $0.59 $0.57 $0.62 $1.08 $1.24 $1.12 $1.91 $2.16 $2.19
Growth (year on year)
Revenue −2.8% +3.1% +11.2% +43.3% +29.8% +17.5% +2.9% −3.9% +1.8% −1.4% +24.6% +2.9% +5.9% +3.7% +2.2% +9.8% +10.4% +7.0%
EBITDA +70.2% +22.5% +18.3% +32.3% +54.2% +16.5% +0.2% +44.0% −42.4% +19.5% +10.3% +15.7% +20.4% −3.5% +3.5% +22.3% +1.9% −1.2%
Operating income +91.5% +29.1% +23.5% +12.3% +65.4% +12.3% −7.4% +72.8% −61.7% +48.8% −1.7% +17.0% +45.0% −2.9% +8.1% +39.8% +7.1% +0.1%
Net income +85.5% +38.6% +68.6% +6.5% +30.8% +5.8% +26.5% +51.6% −96.0% — −2.7% +8.3% +75.9% +11.3% −14.5% +67.2% +11.6% −10.1%
Diluted EPS +90.0% +40.4% +67.5% −8.2% +29.3% +9.4% +24.1% +51.4% −96.3% — −3.4% +8.8% +74.2% +14.8% −9.7% +70.5% +13.1% −7.2%
Margins
Gross margin — — — — — — 54.8% 55.8% 55.8% 57.4% 50.9% 51.9% 53.4% 51.0% 50.5% 50.3% 49.0% 49.1%
EBITDA margin 16.1% 19.1% 20.3% 18.8% 22.3% 22.1% 21.5% 32.3% 18.2% 22.1% 19.6% 22.0% 25.0% 23.3% 23.6% 26.3% 24.3% 24.0%
Operating margin 10.2% 12.8% 14.2% 11.2% 14.2% 13.6% 12.2% 22.0% 8.3% 12.5% 9.8% 11.2% 15.3% 14.3% 15.2% 19.3% 18.7% 18.6%
Net margin 4.8% 6.5% 9.9% 7.3% 7.4% 6.6% 8.2% 12.9% 0.5% 6.8% 5.3% 5.6% 9.3% 10.0% 8.4% 12.7% 12.9% 12.4%
Free-cash-flow margin 10.2% 18.2% 15.7% −3.3% 13.6% 14.1% 15.4% 5.9% 11.8% 16.4% 8.7% 23.0% 14.6% 9.2% 11.0% 21.5% 17.6% 17.1%
Cash flow
Cash from operations 44 81 83 −9 138 161 188 100 146 184 133 315 220 143 169 359 323 330
Capital spending 3 5 11 13 21 18 27 41 26 18 23 18 21 13 9 15 13 18
Free cash flow 41 76 73 −22 117 143 161 59 120 166 110 297 200 130 160 343 310 311
Stock-based pay 8 8 11 15 14 11 18 44 14 20 37 30 27 30 25 41 71 78
Free cash flow after stock pay 34 69 62 −38 104 132 142 15 107 145 73 267 173 101 135 302 239 233
Balance sheet
Cash 126 171 197 76 95 77 102 76 70 149 121 165 122 125 164 216 196 167
Total debt 75 75 75 374 755 892 924 753 696 685 1,395 1,172 1,078 1,098 1,044 933 823 826
Net debt (negative = net cash) −51 −96 −122 298 660 815 822 678 627 536 1,274 1,007 956 973 879 716 626 659
Diluted shares 104m 102m 103m 120m 120m 117m 119m 119m 119m 118m 119m 118m 119m 114m 109m 106m 105m 103m
Returned to shareholders
Buybacks 15 19 — 58 81 70 — 60 37 55 36 29 107 207 28 128 203 176
Total returned 15 19 — 58 81 70 — 60 37 55 36 29 107 207 28 128 203 176

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

5 of 7 checks passed · June 30, 2026
What it owns · $3.1bn
Short-term assets $1.1bnLonger-term assets $2.0bn
What it owes, and who funded it · $3.1bn
Short-term liabilities $723mLonger-term liabilities $875mShareholders' equity $1.5bn
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $723m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $875m of longer-dated liabilities.
  • More cash than debt $167m of cash against $822m of debt.
  • Debt below 40% of shareholders' equity Debt is 55% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 82% to 55% over five years.
  • A year's operating cash flow covers at least 20% of debt $330m of operating cash flow against $822m of debt.
  • Operating profit covers interest at least five times over Operating income of $339m against $53m of interest.

From ACI Worldwide, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$176M
Returned to shareholders
56%
of free cash flow
Buybacks, last 3 fiscal years
$358M
Diluted share count
−3.1%
year over year
Total shareholder yield
3.0%
dividends 0.0% + buybacks 3.0% of market value
R&D spending
9.9%
of revenue
Days sales outstanding
92 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in application software
Last 12 months unless stated ACIW ESTC IOT PCTY PEGA YMM Median
Revenue, last 12 months $1.8bn $1.8bn $1.8bn $1.8bn $1.7bn $1.7bn $482m
Revenue growth, last 12 months 7.0% 16.2% 29.5% 11.0% 0.9% 11.3% 12.0%
Revenue growth, 3-year average 9.9% 17.4% 33.3% 14.7% 8.9% — 11.1%
Revenue growth, latest quarter 7.3% 15.1% 29.9% 11.0% 3.1% — 11.9%
Gross margin 49.1% 75.5% 76.4% 69.2% 75.9% 63.0% 69.2%
Operating margin 18.6% −2.6% 1.0% 21.8% 9.9% 33.2% 1.1%
Operating margin, 3-year average 19.3% −4.8% −11.8% 19.8% 12.2% — −0.8%
Net margin 12.4% 20.8% 4.9% 15.2% 16.9% 35.7% 2.1%
Cash from operations / revenue 18.1% 19.6% 15.6% 30.1% 26.5% 37.0% 18.2%
Free-cash-flow margin 17.1% 19.4% 13.8% 28.1% 25.3% 36.0% 15.0%
Free-cash-flow margin, 3-year average 17.6% 17.2% 8.5% 26.5% 24.0% — 16.2%
Stock pay / revenue 4.3% 16.8% 17.9% 7.8% 8.3% 2.3% 9.3%
Change in share count −3.1% 2.2% 3.1% −3.1% 4.1% 0.1% 2.2%

Median of all 185 companies we cover in application software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

185 application software companies
Measure Company Peer median Rank
Revenue growth Growth 7.0% 12.0% 120 of 184
Change in growth rate Growth -0.0pp +0.2pp 100 of 184
Gross margin Profitability 49.1% 69.8% 120 of 160
Operating margin Profitability 18.6% 1.1% 33 of 181
Net margin Profitability 12.4% 2.1% 54 of 185
Free-cash-flow margin Cash generation 17.1% 15.2% 86 of 180
Stock pay as % of revenue Cash generation 4.3% 9.3% 36 of 177
Long-term debt as % of assets Balance sheet 25.2% 16.9% 65 of 98
Change in share count Balance sheet -3.1% 1.7% 32 of 163
Days sales outstanding Balance sheet 92 days 57 days 129 of 162

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Software As Service and Platform As Service $1B 57.3% ▲ 12.3%
Licenses $462M 26.2% ▲ 11.9%
Maintenance $201M 11.4% ▲ 5.5%
Technology services $88.5M 5.0% ▼ 5.0%
Geography
Region Revenue Share YoY
United States $1B 57.6% ▲ 8.9%
Outside the US $746M 42.4% ▲ 12.4%

From ACI Worldwide, Inc.'s 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$5.2B
Institutions reporting
375
Shares held vs prior quarter
▲ 3.6%
Positions opened / closed
42 / 47

Top buyers and sellers, Q2 2026: 187 institutions bought and 178 sold ; the biggest buyer was FMR LLC (+4.4M shares) and the biggest seller Global Alpha Capital Management Ltd (−916K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $824M 16.4M 15.8% ▼ 3.7%
Vanguard Portfolio Management LLC $408M 8.1M 7.8% ▲ 0.7%
Franklin Resources Inc $337M 6.7M 6.4% ▲ 1.2%
FMR LLC $329M 6.5M 6.3% ▲ 202.2%
Vanguard Capital Management LLC $231M 4.6M 4.4% ▲ 1.0%
State Street Corp $216M 4.3M 4.1% ▲ 3.5%
Geode Capital Management, LLC $171M 3.4M 3.3% ▲ 7.1%
Dimensional Fund Advisors LP $159M 3.2M 3.0% ▲ 12.2%
Fuller & Thaler Asset Management, Inc. $137M 2.7M 2.6% ▲ 27.1%
North Reef Capital Management LP $132M 2.6M 2.5% ▲ 17.4%
Reinhart Partners, Llc. $122M 2.4M 2.3% ▲ 8.5%
Hood River Capital Management LLC $117M 2.3M 2.2% ▼ 2.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not ACI Worldwide, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $223,487 2 trades by 2 insiders, last 12 months Insider sales History → $200,786 1 trade by 1 insider · 0% under pre-set plans
Net ▲ $22,701 net buying
Insider Date Trade Shares Price Value
Benitez Juan Ii Director March 3, 2026 Buy 2,400 $41.90 $100,551
Sanchez Adalio T Director March 2, 2026 Buy 3,000 $40.98 $122,936
Kuruvilla Abraham Chief Technology Officer November 10, 2025 Sell 4,210 $47.69 $200,786

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 6 trades and filings

No trades in ACI Worldwide, Inc. disclosed in the last 12 months; 6 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 31, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded October 30, 2025, filed November 21, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 26, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on ACI Worldwide, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

ACI Worldwide, Inc. in brief

What does ACI Worldwide, Inc. do?
ACI Worldwide, Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What is ACI Worldwide, Inc.'s stock ticker?
ACI Worldwide, Inc. trades under the ticker ACIW on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is ACI Worldwide, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, ACI Worldwide, Inc. reported revenue of $1.8B, 7.0% higher than a year earlier, according to its SEC filings.
What is ACI Worldwide, Inc.'s free cash flow?
ACI Worldwide, Inc.'s free-cash-flow margin is 17.1% of revenue over the trailing twelve months, ranking 86 of the 180 application software companies we cover.
What is ACI Worldwide, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of ACI Worldwide, Inc.'s free cash flow after stock-based pay gives ~$68 per share in the base case, and ~$50–$92 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are ACI Worldwide, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Franklin Resources Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is ACI Worldwide, Inc. buying back stock, and does it pay a dividend?
ACI Worldwide, Inc. spent $176M on share repurchases over the trailing twelve months, and its diluted share count fell 3.1% over the year.
What is ACI Worldwide, Inc.'s market cap?
On November 2, 2026, ACI Worldwide, Inc.'s market capitalisation was about $6B, with a price-to-earnings ratio of 26.6 and net debt of $659M. Market figures come from third-party market data and may be delayed.
How much debt does ACI Worldwide, Inc. have?
ACI Worldwide, Inc.'s debt-to-equity ratio is 54.9%, from its latest balance sheet (81.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are ACI Worldwide, Inc.'s competitors?
In our Application Software peer group, the companies closest to ACI Worldwide, Inc. are Elastic N.V., Samsara Inc., Paylocity Holding Corp, Pegasystems Inc and Full Truck Alliance Co. Ltd. The side-by-side comparison below sets their revenue, margins and growth against ACI Worldwide, Inc.'s.
Are insiders buying or selling ACI Worldwide, Inc. stock?
Over the last 12 months, ACI Worldwide, Inc.'s directors and officers reported 2 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is ACI Worldwide, Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — ACI Worldwide, Inc. announces its own schedule.