# ACI Worldwide, Inc. (ACIW)

> Source: Nexqual · https://nexqual.com/ACIW · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, ACI Worldwide, Inc. (ACIW), nexqual.com/ACIW" · informational, not investment advice.

**Price:** USD 56.19 (+4.33% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 53.86 · day 53.69–56.34 · 52w 38.05–61.08 · market cap $5.67B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.82B, net income $226M (12.4% margin), free cash flow $311M (SEC filings).
- Valuation: P/E 25.1x (avg 25.6x at the last 3 fiscal year-ends), EV/EBITDA 14.5x, net debt $655M.
- 1 of 80 tracked superinvestors hold ACIW (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Buy (mean 2.40 on a 1–5 scale) (5 analysts), mean target USD 64.5 (range 56–70).
- Total return with dividends: 1Y +12.3% vs S&P 500 +14.9%; 5Y +81.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.61, revenue estimate $422M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.37B | $1.42B | $1.45B | $1.59B | $1.76B | $1.82B |
| Gross profit | $732M | $726M | $733M | $803M | $862M | — |
| Operating income | $210M | $204M | $220M | $308M | $330M | $339M |
| Net income | $128M | $142M | $122M | $203M | $227M | $226M |
| EPS (diluted) | $1.08 | $1.24 | $1.12 | $1.91 | $2.16 | — |
| Free cash flow | $200M | $130M | $160M | $343M | $310M | $311M |
| Gross margin | 53.4% | 51.0% | 50.5% | 50.3% | 49.0% | — |
| Operating margin | 15.3% | 14.3% | 15.2% | 19.3% | 18.7% | 18.6% |
| Net margin | 9.3% | 10.0% | 8.4% | 12.7% | 12.9% | 12.4% |
| Revenue growth | +5.9% | +3.7% | +2.2% | +9.8% | +10.4% | — |
| Cash + short-term investments | $122M | $125M | $164M | $216M | $196M | — |
| Total debt | $1.07B | $1.09B | $1.04B | $925M | $818M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 25.1x · P/S 3.1x · EV/EBITDA 14.5x · EV/Sales 3.5x · P/FCF 18.2x · P/B 3.8x · FCF yield 5.49% · Earnings yield 3.98% · Buyback yield (TTM) 3.10% · Net debt $655M · EV $6.33B
P/E at fiscal year-ends: Dec 2025 22.1x, Dec 2024 27.2x, Dec 2023 27.4x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold ACIW. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Wallace Weitz | Weitz Investment Management | 1.28% | $18.5M | Unchanged |

## Analysts
Consensus Buy (mean 2.40 on a 1–5 scale), 5 analysts; mean target USD 64.5 (low 56, high 70).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-02 | DA Davidson | Maintained | Buy | $66 |
| 2026-08-08 | DA Davidson | Target raised | Buy | $64 → $66 |
| 2026-07-15 | DA Davidson | Target raised | Buy | $60 → $64 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +12.3% | +81.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +12.4% | +12.7% |
| Volatility (annualized) | 34.8% | 35.8% |
| Max drawdown | -24.0% (Nov 2025→Feb 2026) | -43.8% (Nov 2021→Oct 2023) |

## Peers (Software - Infrastructure)
VRNS (Varonis Systems, Inc.) USD 48.89 +0.41% · BOX (Box, Inc.) USD 42.78 +1.93% · RELY (Remitly Global, Inc.) USD 25.32 -0.39% · MBGL (Mobility Global Inc.) USD 19.28 +4.10% · BB (BlackBerry Limited) USD 8.59 -8.71% · DOX (Amdocs Limited) USD 63.57 +3.20%

## More
Full page: https://nexqual.com/ACIW · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ACIW's own 10-K filed 2026-02-26 (https://www.sec.gov/Archives/edgar/data/935036/000093503626000011/aciw-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Amazon (AMZN) | "Building on these foundations, ACI Connetic—our fully cloud‑native banking platform launched in 2025—advances this strategy by conforming fully to Cloud Native Computing Foundation principles and by being deployable acro…" |
| Partner | Microsoft (MSFT) | "We have alliances with our technology partners Microsoft Corporation, Amazon, HPE, IBM, Red Hat, and Oracle, whose industry-leading hardware, software, and cloud-based infrastructure services are utilized by and in deliv…" |
| Partner | IBM (IBM) | "We have alliances with our technology partners Microsoft Corporation, Amazon, HPE, IBM, Red Hat, and Oracle, whose industry-leading hardware, software, and cloud-based infrastructure services are utilized by and in deliv…" |
| Partner | Hewlett Packard Enterprise (HPE) | "We have alliances with our technology partners Microsoft Corporation, Amazon, HPE, IBM, Red Hat, and Oracle, whose industry-leading hardware, software, and cloud-based infrastructure services are utilized by and in deliv…" |
| Partner | Oracle (ORCL) | "We have alliances with our technology partners Microsoft Corporation, Amazon, HPE, IBM, Red Hat, and Oracle, whose industry-leading hardware, software, and cloud-based infrastructure services are utilized by and in deliv…" |
| Partner | COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH) | "In addition, we work with a limited number of systems integration and services partners such as Concerto, Opus Technologies, Synechron, and Cognizant Technology Solutions Corporation, for staff augmentation and coordinat…" |
| Competitor | Visa (V) | "Primary digital payment processing competitors in this area include global entities such as Atos Origin S.A., Fiserv, Mastercard, SiNSYS, and Visa, as well as regional or country-specific processors." |
| Competitor | Mastercard (MA) | "The software competitors for ACI's issuing, acquiring, and account-to-account payments solutions include Fidelity National Information Service, Inc. ("FIS"), Finastra, Fiserv, Inc. ("Fiserv"), Mastercard, NCR, OpenWay Gr…" |

## Revenue by business segment (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Biller | $234.1M | 54.4% | +5.5% |
| Payment Software | $196.4M | 45.6% | +9.5% |
| Total revenue | $430.4M | 100% | — |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Software as a service and platform as a service | $284.8M | 66.2% | +5.0% |
| — Issuing and acquiring (part of Software as a service and platform as a service) | $116.3M | 27.0% | +36.8% |
| — License (part of Software as a service and platform as a service) | $68.8M | 16.0% | +21.3% |
| — Maintenance (part of Software as a service and platform as a service) | $51.6M | 12.0% | +2.3% |
| — Services (part of Software as a service and platform as a service) | $25.3M | 5.9% | +10.7% |
| — Real-time payments (part of Software as a service and platform as a service) | $22.9M | 5.3% | -42.1% |
| Software as a service and platform as a service | $50.7M | 11.8% | +2.8% |
| Merchant payments | $41.1M | 9.6% | +3.7% |
| Services | $25.3M | 5.9% | +10.7% |
| Payments intelligence | $16.1M | 3.7% | +5.9% |
| Total revenue | $430.4M | 100% | — |
The lines above cover 97.1% of total revenue.

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $275.1M | 63.9% | -0.3% |
| Other | $155.3M | 36.1% | +23.8% |
| Total revenue | $430.4M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.60 | $0.83 | -26.8% | $421.9M | 4 |
| Next quarter (ends 2026-12-31) | $1.85 | $1.55 | +19.4% | $628.4M | 4 |
| Current fiscal year (ends 2026-12-31) | $3.60 | $3.52 | +2.3% | $1.91B | 4 |
| Next fiscal year (ends 2027-12-31) | $3.90 | $3.84 | +1.6% | $2.05B | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-05): ±10.1%; last 8 reports averaged ±7.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 44.5% | ±10.1% |
| 2027-02-19 | 119 | 38.5% | ±17.3% |
| 2027-05-21 | 210 | 39.9% | ±23.8% |