Fiserv Q1 2023 Earnings Report
Key Takeaways
Fiserv reported a 10% increase in GAAP revenue to $4.55 billion and a 13% increase in adjusted EPS to $1.58 in Q1 2023. The company raised its full-year 2023 outlook for organic revenue growth to 8% to 9% and adjusted EPS to $7.30 to $7.40.
GAAP revenue increased by 10% and reached $4.55 billion, with organic revenue growth of 13%.
Adjusted EPS grew by 13% to $1.58.
The company repurchased 13.3 million shares of common stock for $1.5 billion.
Fiserv raised its full-year 2023 outlook for organic revenue growth to 8% to 9% and adjusted EPS to $7.30 to $7.40.
Fiserv
Fiserv
Fiserv Revenue by Segment
Forward Guidance
Fiserv raised its full year 2023 outlook and now expects organic revenue growth of 8% to 9% and adjusted earnings per share of $7.30 to $7.40, representing growth of 12% to 14%.
Positive Outlook
- Expects organic revenue growth of 8% to 9%.
- Expects adjusted earnings per share of $7.30 to $7.40.
- Represents adjusted earnings per share growth of 12% to 14%.
Challenges Ahead
- Guidance tempered by the potential for a weaker, second-half economy.
Revenue & Expenses
Visualization of income flow from segment revenue to net income