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Mar 31, 2022

Fiserv Q1 2022 Earnings Report

Fiserv reported a strong start to the year with double-digit organic revenue and adjusted earnings per share growth, exceeding the provided outlook range.

Key Takeaways

Fiserv reported a revenue of $4.14 billion, a 10% increase compared to the prior year period. GAAP EPS increased by 127% to $1.02, and adjusted EPS increased by 20% to $1.40. The company reaffirms its full-year 2022 guidance.

GAAP revenue grew by 10%, with organic revenue growth of 11%.

GAAP EPS increased by 127%, while adjusted EPS increased by 20%.

The company repurchased 5.1 million shares of common stock for $500 million.

Fiserv reaffirmed its full-year 2022 guidance.

Total Revenue
$4.14B
Previous year: $3.76B
+10.2%
EPS
$1.4
Previous year: $1.17
+19.7%
Internal Revenue Growth
11%
Previous year: 4%
+175.0%
Gross Profit
$2.17B
Previous year: $1.85B
+17.2%
Cash and Equivalents
$2.83B
Previous year: $831M
+240.9%
Free Cash Flow
$603M
Previous year: $821M
-26.6%
Total Assets
$75.5B
Previous year: $74.8B
+0.8%

Fiserv

Fiserv

Fiserv Revenue by Segment

Forward Guidance

Fiserv continues to expect organic revenue growth of 7% to 9% and adjusted earnings per share in a range of $6.40 to $6.55, representing growth of 15% to 17%, for 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income