Fiserv Inc

FI

Equity

ISIN US3377381088 / Valor 930831

New York Stock Exchange, Inc (2024-11-21)

USD 217.41-0.24%

Fiserv Inc
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About company

Fiserv Inc is a leading payments and fintech provider that offers a wide range of services to financial institutions, corporate clients, small businesses, and consumers. The company has a strong presence in debit card processing and mobile and digital payments, with recent expansions in ATM Managed Services and the MoneyPass® network through the acquisition of Elan Financial Services. Fiserv's transformative combination with First Data has further solidified its position in the industry, allowing it to deliver unique value to its diverse client base.

Summarized from source with an LLMView SourceSector: Technology

GAAP Revenue Growth

Fiserv Inc. reported a 7% increase in GAAP revenue for the second quarter of 2024, reaching $5.11 billion. This growth was driven by a 9% increase in the Merchant Solutions segment and a 6% increase in the Financial Solutions segment. Year-to-date GAAP revenue also saw a 7% rise, totaling $9.99 billion.

GAAP Earnings Per Share

In the second quarter of 2024, Fiserv Inc.'s GAAP earnings per share (EPS) increased by 39% to $1.53. For the first six months of 2024, GAAP EPS also rose by 39%, reaching $2.76. This significant growth reflects the company's strong financial performance compared to the same periods in 2023.

Organic Revenue Growth

Fiserv Inc. achieved an 18% organic revenue growth in the second quarter of 2024, led by a 28% increase in the Merchant Solutions segment and an 8% rise in the Financial Solutions segment. Year-to-date organic revenue growth was 19%, with the Merchant Solutions segment growing by 32% and the Financial Solutions segment by 6%.

Adjusted Earnings Per Share

Adjusted earnings per share for Fiserv Inc. increased by 18% to $2.13 in the second quarter of 2024. For the first six months of the year, adjusted EPS also saw an 18% rise, reaching $4.00. This growth underscores the company's robust financial health and operational efficiency.

2024 Outlook

Fiserv Inc. has affirmed its 2024 organic revenue growth outlook of 15% to 17% and raised its adjusted EPS outlook to a range of $8.65 to $8.80. This updated guidance reflects the company's confidence in sustaining its growth trajectory and profitability for the remainder of the year.

Summarized from source with an LLMView Source

Key figures

73.8%1Y

117%3Y

90.6%5Y

Performance

16.5%1Y

24.2%3Y

30.2%5Y

Volatility