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Jun 30, 2020
Fiserv Q2 2020 Earnings Report
Fiserv reported results with GAAP revenue increased and adjusted EPS decreased.
Key Takeaways
Fiserv reported a GAAP revenue increase of 129% but a GAAP EPS decrease of 100%. Adjusted EPS decreased by 4%, while free cash flow increased by 23%. The company expects 2020 adjusted EPS growth of at least 10%.
GAAP revenue growth of 129% in the quarter.
GAAP EPS decrease of 100% in the quarter.
Internal revenue decline of 7% in the quarter.
Adjusted EPS decrease of 4% in the quarter.
Fiserv
Fiserv
Fiserv Revenue by Segment
Revenue by Segment
Corporate and Other Revenue
CapyFin.com Forward Guidance
Fiserv expects full year 2020 adjusted earnings per share to grow at least 10% over adjusted earnings per share for 2019, as revised for the net impact of divestitures.
Positive Outlook
- Company expects 2020 adjusted EPS growth of at least 10%
- Strength of the results to date
- Improving performance trends around the world
- Expect to deliver 35th consecutive year of double digit adjusted earnings per share growth
- Well-positioned for 2021
Challenges Ahead
- COVID-19 pandemic continues to drive significant uncertainty over market conditions for the remainder of the year
- Possibility that the company may be unable to achieve expected synergies and operating efficiencies from the acquisition of First Data within the expected time frames or at all or to successfully integrate the operations of First Data into the company's operations
- Such integration may be more difficult, time-consuming or costly than expected
- Profitability following the transaction may be lower than expected, including due to unexpected costs, charges or expenses resulting from the transaction
- Operating costs, customer loss and business disruption may be greater than expected following the transaction