Fiserv Q1 2024 Earnings Report
Key Takeaways
Fiserv reported a 7% increase in GAAP revenue, reaching $4.88 billion, and a 20% organic revenue growth. The company's adjusted EPS grew by 19%. Fiserv has affirmed its 2024 organic revenue growth outlook of 15% to 17% and raised its adjusted EPS outlook to $8.60 to $8.75.
GAAP revenue increased by 7% to $4.88 billion, with Merchant Solutions growing by 13% and Financial Solutions by 3%.
Organic revenue growth was 20%, driven by a 36% increase in Merchant Solutions and a 5% increase in Financial Solutions.
Adjusted earnings per share rose by 19% to $1.88.
The company reaffirms 2024 organic revenue growth outlook of 15% to 17% and raises adjusted EPS outlook to $8.60 to $8.75.
Fiserv
Fiserv
Fiserv Revenue by Segment
Forward Guidance
Fiserv continues to expect organic revenue growth of 15% to 17% and raises adjusted earnings per share outlook to $8.60 to $8.75, representing growth of 14% to 16%, for 2024.
Positive Outlook
- Investment
- Revenue growth
- Operating leverage
- Capital return
- Re-investment for further growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income