Fiserv, Inc. (FI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 25	$2.65	$2.04	-23.0%	—	$5.3B	—
Q2 25	$2.43	$2.47	+1.6%	—	$5.5B	—
Q1 25	$2.08	$2.14	+2.9%	—	$5.1B	—
Q4 24	$2.48	$2.51	+1.2%	—	$5.3B	—
Q2 24	$2.1	$2.13	+1.4%	—	$5.1B	—
Q1 24	$1.79	$1.88	+5.0%	—	$4.9B	—
Q4 23	$2.15	$2.19	+1.9%	—	$4.9B	—
Q3 23	$1.93	$1.96	+1.6%	—	$4.9B	—
Q2 23	$1.79	$1.81	+1.1%	—	$4.8B	—
Q1 23	$1.56	$1.58	+1.3%	—	$4.5B	—
Q4 22	$1.91	$1.91	0.0%	—	$4.6B	—
Q3 22	$1.69	$1.63	-3.6%	—	$4.5B	—
Q2 22	$1.55	$1.56	+0.6%	—	$4.5B	—
Q1 22	$1.35	$1.4	+3.7%	—	$4.1B	—
Q4 21	$1.56	$1.57	+0.6%	—	$4.3B	—
Q3 21	$1.45	$1.47	+1.4%	—	$4.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY24	—	$5.55	—	—	$20.5B	—
FY23	—	$4.98	—	—	$19.1B	—
FY22	—	$4.02	—	—	$17.7B	—
FY21	—	$2.05	—	—	$16.2B	—

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Revenue	$5.3B	$5.5B	$5.7B	$5.8B	$10.2B	$14.9B	$16.2B	$17.7B	$19.1B	$20.5B
YoY change	+3.71%	+4.78%	+3.47%	+2.23%	+74.9%	+45.8%	+9.25%	+9.31%	+7.65%	+7.14%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Revenue	5.3B	5.5B	5.7B	5.8B	10.2B	14.9B	16.2B	17.7B	19.1B	20.5B
Cost of revenue	2.9B	3B	3B	3.1B	5.3B	7.8B	8.1B	8B	7.7B	8B
Gross profit	2.3B	2.5B	2.7B	2.8B	4.9B	7B	8.1B	9.7B	11.4B	12.4B
Gross margin	44.6%	46.2%	46.9%	47.3%	47.9%	47.4%	49.9%	54.9%	59.8%	60.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1B	1.1B	1.1B	1.2B	3.3B	5.7B	5.8B	6.1B	6.6B	6.6B
Operating expenses	1B	1.1B	1.1B	1.2B	3.3B	5.7B	5.8B	6.1B	6.6B	6.6B
Operating income	1.3B	1.4B	1.5B	1.5B	1.6B	1.4B	2.3B	3.7B	4.8B	5.9B
Operating margin	25%	26.2%	26.7%	26.2%	15.6%	9.35%	14.1%	20.8%	25.4%	28.7%
Non-operating income, net	-85M	-7M	11M	232M	9M	492M	71M	-40M	27M	-178M
Pretax income	1.1B	1.3B	1.4B	1.6B	1.1B	1.2B	1.7B	2.9B	3.9B	4.5B
Income tax	377M	492M	158M	378M	198M	196M	363M	551M	754M	641M
Net income	712M	930M	1.2B	1.2B	914M	975M	1.4B	2.6B	3.1B	3.2B
Net margin	13.6%	16.9%	21.9%	20.4%	8.97%	6.56%	8.65%	14.6%	16.4%	15.5%
EBITDA	1.7B	1.9B	2B	2.1B	3.2B	4.6B	5.6B	6.8B	7.9B	8.8B
EPS	1.58	2.16	3	3.02	1.31	1.43	2.05	4.02	4.98	5.55
Diluted EPS	1.5	2.08	2.89	2.87	1.31	1.4	1.99	3.91	4.98	5.38

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Revenue	4.6B	4.5B	4.8B	4.9B	4.9B	4.9B	5.1B	5.2B	5.3B	5.1B	5.5B	5.3B
Cost of revenue	2B	2B	1.9B	1.9B	1.8B	2B	2B	2B	2B	2.1B	2.1B	2.2B
Gross profit	2.7B	2.5B	2.8B	3B	3.1B	2.9B	3.1B	3.2B	3.2B	3.1B	3.4B	3.1B
Gross margin	57.2%	55.9%	59.4%	61.1%	62.5%	58.9%	61.2%	61.5%	61.6%	59.6%	61.8%	58.9%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.5B	1.6B	1.7B	1.7B	1.6B	1.7B	1.7B	1.6B	1.6B	1.7B	1.7B	1.8B
Operating expenses	1.5B	1.6B	1.7B	1.7B	1.6B	1.7B	1.7B	1.6B	1.6B	1.7B	1.7B	1.8B
Operating income	1.2B	938M	1.1B	1.3B	1.5B	1.2B	1.4B	1.6B	1.7B	1.4B	1.7B	1.3B
Operating margin	24.9%	20.6%	23.8%	27.2%	29.5%	24.2%	28%	30.7%	31.8%	26.8%	30.8%	25.4%
Non-operating income, net	16M	-24M	-26M	141M	-64M	-7M	-5M	-5M	-161M	2M	-42M	50M
Pretax income	969M	712M	873M	1.2B	1.1B	913M	1.1B	1.3B	1.2B	1B	1.3B	964M
Income tax	169M	124M	181M	239M	210M	153M	221M	74M	193M	190M	246M	173M
Net income	798M	576M	695M	969M	889M	752M	909M	571M	948M	848M	1B	799M
Net margin	17.2%	12.7%	14.6%	19.9%	18.1%	15.4%	17.8%	10.9%	18.1%	16.5%	18.7%	15.2%
EBITDA	1.9B	1.7B	1.9B	2.1B	2.2B	2B	2.2B	2.4B	2.3B	2.1B	2.5B	2.1B
EPS	1.24	0.91	1.12	1.58	1.45	1.24	1.55	0.99	1.66	1.53	1.89	1.47
Diluted EPS	1.23	0.89	1.1	1.56	1.45	1.24	1.53	0.98	1.64	1.51	1.86	1.46

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Market cap	—	—	—	—	—	—	—	—	—	—	25B
Enterprise value	—	—	—	—	—	—	—	—	—	—	63.6B
Shares outstanding	450.6M	431M	415.2M	392.5M	679.9M	669.1M	650M	630M	616.1M	564M	564M

Valuation

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
P/E	—	—	—	—	—	—	—	—	—	—	9.86
P/S	—	—	—	—	—	—	—	—	—	—	1.62
P/B	—	—	—	—	—	—	—	—	—	—	1.36
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	6.92
EV/Sales	—	—	—	—	—	—	—	—	—	—	3
Earnings yield	—	—	—	—	—	—	—	—	—	—	10.1%
FCF yield	—	—	—	—	—	—	—	—	—	—	16.8%
PEG	—	—	—	—	—	—	—	—	—	—	0.2

Profitability

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Gross margin	44.6%	46.2%	46.9%	47.3%	47.9%	47.4%	49.9%	54.9%	59.8%	60.8%	58.9%
Operating margin	25%	26.2%	26.7%	26.2%	15.6%	9.35%	14.1%	20.8%	25.4%	28.7%	25.4%
Net margin	13.6%	16.9%	21.9%	20.4%	8.97%	6.56%	8.65%	14.6%	16.4%	15.5%	17%
ROE	26.8%	36.6%	45.6%	51.8%	2.62%	2.93%	4.39%	8.15%	10.2%	11.5%	13.5%
ROA	7.62%	9.55%	12.1%	10.5%	1.18%	1.31%	1.84%	3.08%	3.44%	4.12%	4.77%
ROIC	12.6%	13%	18.4%	14.7%	2.33%	2.18%	3.42%	5.71%	7.42%	9.81%	9.15%
Return on tangible assets	-14.8%	-19.9%	-26.8%	-26.8%	-3.06%	-3.39%	-5.7%	-17.7%	-52.7%	-20%	-22.9%

Financial health

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Current ratio	1	0.95	1.02	1.11	1.08	1.04	1.03	1.04	1.04	1.06	1.08
Quick ratio	1	0.95	1.02	1.11	1.08	1.04	1.03	1.04	1.04	1.06	1.08
Debt / equity	1.61	1.8	1.79	2.6	0.63	0.62	0.66	0.68	0.76	0.9	1.21
Debt / assets	0.46	0.47	0.48	0.53	0.28	0.28	0.28	0.26	0.26	0.32	0.38
Net debt / EBITDA	2.32	2.29	2.34	2.69	6.51	4.27	3.67	3.05	2.8	2.68	3.28
Interest coverage	7.22	8.82	8.76	9.23	3.14	2.64	3.39	4.9	4.88	4.64	4.03
Effective tax rate	35.7%	38.6%	11.6%	24.3%	18.3%	16.7%	21.8%	18.9%	19.3%	14.2%	17.9%

Per share

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Revenue per share	11.7	12.8	13.7	14.8	15	22.2	25	28.2	31	36.3	38.1
EPS (basic)	1.58	2.16	3	3.02	1.31	1.43	2.05	4.02	4.98	5.55	5.55
EPS (diluted)	1.5	2.08	2.89	2.87	1.31	1.4	1.99	3.91	4.98	5.38	6.47
Book value per share	5.9	5.9	6.58	5.84	51.3	49.8	49.2	50.3	49.8	49.1	46.8
FCF per share	2.19	2.65	2.88	3.04	3.05	4.85	4.42	4.98	6.13	8.98	8.53
Cash per share	0.61	0.7	0.78	1.06	1.31	1.35	1.28	1.43	1.95	2.19	1.99

Capital allocation

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	Current
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	0.65%

Yield

0.65%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.225

ex-dividend Aug 29, 2017

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 29, 2017	$0.225
May 31, 2017	$0.225
Mar 2, 2017	$0.225
Nov 22, 2016	$0.225
Aug 29, 2016	$0.225
Jun 1, 2016	$0.45
Mar 3, 2016	$0.45
Nov 24, 2015	$0.45

Split history

Date	Ratio
Oct 4, 2021

Period	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Revenue	$4.6B	$4.5B	$4.8B	$4.9B	$4.9B	$4.9B	$5.1B	$5.2B	$5.3B	$5.1B	$5.5B	$5.3B
YoY change	+8.79%	+9.88%	+6.88%	+7.86%	+6.18%	+7.39%	+7.38%	+7.02%	+6.79%	+5.06%	+8.01%	+0.92%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Cash & short-term investments	275M	300M	325M	415M	893M	906M	835M	902M	1.2B	1.2B
Receivables	802M	902M	997M	1B	2.8B	2.5B	2.9B	3.6B	3.6B	3.7B
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	1.5B	1.7B	2B	2.2B	17B	16.2B	18.9B	27.5B	34.8B	23.5B
Property, plant & equipment	143M	149M	135M	142M	1.1B	1.1B	1.2B	1.2B	1.4B	1.5B
Goodwill & intangibles	14.1B	14.4B	14.9B	15.7B	107.4B	103.4B	100.9B	98.5B	96.8B	93B
Total assets	9.3B	9.7B	10.3B	11.3B	77.5B	74.6B	76.2B	83.9B	90.9B	77.2B
Accounts payable	74M	110M	80M	127M	392M	437M	593M	652M	449M	511M
Short-term debt	5M	95M	3M	4M	287M	384M	508M	592M	873M	1.2B
Total current liabilities	1.5B	1.8B	1.9B	2B	15.7B	15.6B	18.3B	26.5B	33.6B	22.2B
Long-term debt	4.3B	4.5B	4.9B	6B	21.6B	20.3B	20.7B	20.9B	22.4B	23.7B
Total liabilities	6.7B	7.2B	7.6B	9B	42.7B	41.3B	44.3B	52.2B	60.2B	49.5B
Shareholders' equity	2.7B	2.5B	2.7B	2.3B	34.9B	33.3B	31.9B	31.7B	30.7B	27.7B
Total debt	4.3B	4.6B	4.9B	6B	21.9B	20.7B	21.2B	21.5B	23.2B	25B
Net debt	4B	4.3B	4.6B	5.5B	21B	19.8B	20.4B	20.6B	22B	23.7B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Cash & short-term investments	902M	1B	441M	—	—	—	—	—	1.2B	641M	532M	884M
Receivables	3.6B	3.3B	3.5B	—	—	—	—	—	3.7B	3.9B	4.1B	4B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	27.5B	20.3B	21.4B	—	—	—	—	—	23.5B	25.6B	26.5B	24.2B
Property, plant & equipment	1.2B	—	—	—	—	—	—	—	1.5B	—	—	—
Goodwill & intangibles	98.5B	98B	97.8B	—	—	—	—	—	93B	95B	95.8B	95.2B
Total assets	83.9B	76.5B	77.6B	—	—	—	—	—	77.2B	80.4B	81.5B	79.4B
Accounts payable	652M	425M	412M	—	—	—	—	—	511M	663M	768M	717M
Short-term debt	592M	586M	726M	—	—	—	—	—	1.2B	1.4B	1.6B	1.4B
Total current liabilities	26.5B	18.9B	19.5B	—	—	—	—	—	22.2B	23.3B	24.3B	22.4B
Long-term debt	20.9B	21.9B	22.6B	—	—	—	—	—	23.7B	27B	28.1B	28.9B
Total liabilities	52.2B	45.6B	46.7B	—	—	—	—	—	49.5B	53.9B	55.8B	54.2B
Shareholders' equity	31.7B	31B	30.9B	—	—	—	—	—	27.7B	26.5B	25.8B	25.1B
Total debt	21.5B	22.5B	23.3B	—	—	—	—	—	25B	28.4B	29.7B	30.3B
Net debt	20.6B	21.5B	22.9B	—	—	—	—	—	23.7B	27.8B	29.2B	29.4B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24
Net income	712M	930M	1.2B	1.2B	914M	975M	1.4B	2.6B	3.1B	3.2B
Depreciation & amortization	417M	421M	429M	545M	1.7B	3.2B	3.2B	3.2B	3.1B	3.1B
Stock-based compensation	65M	68M	63M	73M	229M	369M	239M	323M	342M	367M
Change in working capital	142M	87M	11M	-163M	118M	-44M	-247M	-491M	-122M	60M
Operating cash flow	1.4B	1.5B	1.5B	1.8B	3.1B	4.6B	4.3B	5.1B	6B	6.1B
Capital expenditure	—	—	—	—	—	—	—	—	—	—
Investing cash flow	0	-264M	-370M	-303M	-15.1B	461M	-585M	-771M	184M	-895M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-1.5B	-1.2B	-1.2B	-1.9B	-561M	-1.8B	-2.8B	-2.7B	-4.8B	-5.8B
Financing cash flow	-1B	-852M	-820M	-842M	14.4B	-3.4B	-1.7B	-2.5B	-4.4B	-4.2B
Net change in cash	350M	409M	309M	645M	2.4B	1.6B	2B	1.8B	1.9B	1B
Free cash flow	987M	1.1B	1.2B	1.2B	2.1B	3.2B	2.9B	3.1B	3.8B	5.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 22	Q1 23	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25
Net income	798M	576M	695M	969M	889M	752M	909M	571M	948M	848M	1B	799M
Depreciation & amortization	771M	785M	800M	769M	767M	774M	785M	778M	758M	768M	802M	788M
Stock-based compensation	79M	93M	106M	76M	67M	86M	99M	88M	94M	124M	91M	87M
Change in working capital	185M	-49M	-444M	132M	239M	-493M	-205M	511M	247M	-646M	13M	484M
Operating cash flow	1.7B	1.3B	1.1B	1.8B	1.9B	1.1B	1.4B	1.7B	1.8B	1.1B	1.8B	1.8B
Capital expenditure	—	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-275M	-9M	-4M	227M	-30M	1M	-479M	-151M	-266M	-590M	128M	-131M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-768M	-1.5B	-1.1B	-1.2B	-1B	-1.7B	-1.6B	-1.3B	-1.3B	-2.4B	-2.3B	-1.1B
Financing cash flow	-1.3B	-1.1B	-601M	-1.3B	-1.3B	-189M	-925M	-1.1B	-2B	627M	-1.8B	-1.4B
Net change in cash	123M	169M	463M	738M	507M	928M	23M	499M	-408M	1.1B	89M	297M
Free cash flow	1.3B	791M	538M	1.2B	1.2B	411M	993M	1.8B	1.8B	313M	1.2B	1.3B

Fiserv, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement