As a situation is for all public companies, the publicly described quarter is important, but belief in the journey and tactics are critical. It’s now clear to me that we had the right previous tactics in place, where by shoring up the foundation first, had to be exactly that first. It remains a journey and will continue to stay the course. Our culture remains strong. We continue to refine our structure and our talent set for the future. While at the same time driving improvements in partnerships and excellence. Our leadership team received recognition from comparably demonstrating that cultural strength, and we launched a very important partnership with Charles Schwab in our benefits outsourcing space. Meanwhile, retention in our workforce is the strongest since I arrived and improving.
We must be and are focused on efficiency across the business as we rationalize our portfolio, starting with the divestiture of BenefitWallet. As we progress along this journey, I’d like to recognize our 60,000 strong workforces for their resilience and resolve along the way. I’d like to now turn it over to Steve for a deeper dive on the financials. We won’t have the opportunity today for follow on analyst questions, but please feel free to reach out to our IR team for questions. Steve, over to you.
Steve Wood : Thanks, Chris. As we have done in the past, we are reporting both GAAP and non-GAAP numbers. The reconciliations are in our press release and in the appendix of the presentation. Let’s turn to slide 5 and go over some of the key themes from our sales metrics. The punchline for Q3 is that our sales performance mirrored what we saw in the first two quarters of 2023. With the Government and Transportation segments generally outperforming the prior year compares and offsetting this, we’ve continued to see some softness in parts of Commercial segment sales. As Cliff mentioned, there’s plenty of deal activity in commercial, but there’s smaller deals. Cliff referred to them as singles and doubles. And at least to date this year, we’re lacking the same quantity of larger deals we saw in 2022.
As I said last quarter, in the Commercial segment, we’re seeing longer decision-making cycles and slightly more cautious buying behavior. We think driven by broader macro concerns consistent with others in our industry. The pipeline is still strong, but deals are taking a little longer than expected to close, and it’s changed are likely mix of full year sales, as we don’t necessarily see this correcting itself in the next couple of quarters. In Q3, overall ACV was $154 million, as compared to $191 million in Q3, 2022. Year-to-date, we’re at 91% of last year’s ACV attainment through the first three quarters. TCV was $316 million in the quarters compared to $347 million in Q3, 2022, and for TCV year-to-date, we’re at 160% of last year’s attainment through the first three quarters of 2023, driven primarily by the large long-term transit deal in Australia, which we announced in the second quarter, and which we are now underway with implementing.
We had a very strong fourth quarter in 2022. With some large government deals signing late in the quarter and this year our path to a strong Q4 will also depend on the timing of a couple of these larger government deals where there can be some unpredictability around time between award and signing of deals. The net ARR activity metric, our combined measure of wins, losses, pricing effects and other contractual changes was again positive for the quarter at $103 million. As a reminder, this trailing 12-month measure does not predict the timing of revenue but is based on timing of notification and as such will fluctuate from quarter-to-quarter. Overall, we’re pleased with the sales and pipeline development in the government and transportation segments and segment level variability is a function of the breadth of our business.
