💼 Performance Overview:
Fiserv reported 7% YoY growth in revenue, reaching $5.25B, with organic revenue growth at 13%. This was fueled by strong performance in Merchant Solutions (+23%) and Financial Solutions (+4%). The company also achieved a 240 bps expansion in operating margin, reflecting improved efficiency and strategic initiatives.
📊 Key Financial Metrics (YoY Growth):
▫️ Revenue: $5.25B vs. $4.92B (+7%)
▫️ Net Income: $938M vs. $870M (+8%)
▫️ Adj. EPS: $2.51 vs. $2.19 (+15%)
▫️ GAAP EPS: $1.64 vs. $1.45 (+13%)
▫️ Operating Margin: 31.8% vs. 29.4% (+240 bps)
▫️ Adj. Operating Margin: 42.9% vs. 41.1% (+180 bps)
📍 Segment Breakdown:
▫️ Merchant Solutions: $2.50B (+11% YoY), organic growth of 23%
▫️ Financial Solutions: $2.40B (+3% YoY), organic growth of 4%
💰 Balance Sheet Highlights:
▫️ Total Assets: $77.18B vs. $90.89B
▫️ Cash & Equivalents: $2.99B vs. $2.96B
▫️ Total Debt: $24.84B vs. $23.12B
▫️ Free Cash Flow: $5.23B (+30% YoY)
📈 Future Outlook:
▫️ 2025 Organic Revenue Growth: 10%-12%
▫️ 2025 Adj. EPS Guidance: $10.10-$10.30 (+15%-17%)
▫️ Strategic Priorities: Continued expansion in Merchant Solutions, investment in digital banking technology, and leveraging Clover POS for SMB growth.
🔎 Key Takeaway: Strong momentum in Merchant Solutions, operational efficiency gains, and robust free cash flow support Fiserv’s positive 2025 outlook.