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Mar 31

Fiserv Q1 2025 Earnings Report

Fiserv reported strong results with higher earnings and steady revenue growth in Q1 2025.

Key Takeaways

Fiserv delivered solid Q1 results with 7% organic revenue growth and a 14% increase in adjusted EPS. The company continued to expand its footprint through four strategic acquisitions and announced a new fintech hub.

Organic revenue grew 7% year-over-year in Q1 2025.

Adjusted EPS rose 14% to $2.14, exceeding expectations.

Net income reached $851 million, up from $735 million a year earlier.

Fiserv completed four acquisitions and plans a new fintech hub in Kansas.

Total Revenue
$5.13B
Previous year: $4.88B
+5.1%
EPS
$2.14
Previous year: $1.88
+13.8%
Organic Revenue Growth
7%
Adj. Operating Margin
37.8%
GAAP Operating Margin
27.2%
Gross Profit
$3.62B
Previous year: $2.88B
+25.7%
Cash and Equivalents
$3.37B
Previous year: $1.21B
+177.5%
Free Cash Flow
$371M
Previous year: $433M
-14.3%
Total Assets
$80.4B
Previous year: $92.7B
-13.3%

Fiserv

Fiserv

Fiserv Revenue by Segment

Forward Guidance

Fiserv maintained its 2025 outlook, expecting 10-12% organic revenue growth and adjusted EPS between $10.10 and $10.30.

Positive Outlook

  • Maintains strong 2025 adjusted EPS growth outlook of 15-17%
  • Expects 10-12% organic revenue growth for 2025
  • Sees benefits from recent acquisitions including Payfare and CCV Group
  • New fintech hub in Kansas will support expansion and innovation
  • Strong execution in both Merchant and Financial Solutions segments

Challenges Ahead

  • Free cash flow declined to $371 million from $454 million year-over-year
  • Cash from operating activities dropped from $831 million to $648 million
  • Ongoing severance and integration costs impact margins
  • Decrease in amortization of acquired intangible assets expected
  • No geographic revenue breakdown provided in the report

Revenue & Expenses

Visualization of income flow from segment revenue to net income