Non-GAAP results for the first quarter of 2025 and additional information
- Adjusted revenue increased by 5% to USD 4.79 billion in the first quarter of 2025 compared to the prior-year period.
- Organic revenue growth was 7% in the first quarter of 2025, led by 8% growth in the Merchant Solutions segment and 6% growth in the Financial Solutions segment
- Adjusted earnings per share increased by 14% to USD 2.14 in the first quarter of 2025 compared to the prior-year period.
- The adjusted operating margin increased by 200 basis points to 37.8% in the first quarter of 2025 compared to the same period of the previous year.
- The adjusted operating margin increased by 10 basis points to 34.2% in the Merchant Solutions segment and by 340 basis points to 47.5% in the Financial Solutions segment in the first quarter of 2025 compared to the same period of the previous year.
- Free cash flow amounted to USD 371 million in the first quarter of 2025 compared to USD 454 million in the prior-year period.
- The company repurchased 9.7 million ordinary shares worth USD 2.2 billion in the first quarter of 2025.
- In March, the company acquired Payfare Inc, a Canada-based provider of program management solutions that give employees instant access to earning and banking solutions, and CCV Group BV, a Netherlands-based provider of point-of-sale payment solutions.
- In April, Fiserv entered into agreements to acquire Pinch Payments NZ Limited, an Australia-based payment intermediary solutions provider, and Money Money Serviços Financeiros SA, a Brazil-based fintech company that provides small businesses with access to working capital.
- In April, the company announced plans to open a 2,000-employee fintech center in Overland Park, Kansas.
Outlook 2025
Fiserv continues to expect organic revenue growth of 10 to 12 percent and adjusted earnings per share of $10.10 to $10.30 in 2025, representing growth of 15 to 17 percent.
Source
https://investors.fiserv.com/newsroom/detail/2839/fiserv-reports-first-quarter-2025-results
