Fiserv Q2 2021 Earnings Report
Key Takeaways
Fiserv reported a strong second quarter of 2021, with GAAP revenue increasing by 17% to $4.05 billion and adjusted EPS increasing by 47% to $1.37. The company raised its full-year outlook for internal revenue growth to 10% to 12% and adjusted EPS growth to 24% to 27%.
GAAP revenue increased 17% in the quarter and 8% year to date.
GAAP EPS increased $0.40 in the quarter and $0.28 or 49% year to date.
Internal revenue growth was 18% in the quarter and 11% year to date.
Adjusted EPS increased 47% in the quarter and 32% year to date.
Fiserv
Fiserv
Fiserv Revenue by Segment
Forward Guidance
Fiserv increases the full year outlook and now expects internal revenue growth of 10% to 12% and adjusted earnings per share in a range of $5.50 to $5.60, representing growth of 24% to 27%, for 2021.
Positive Outlook
- Strong financial results in the first half of the year
- Continued business execution
- Raising internal revenue growth outlook
- Raising overall adjusted EPS outlook
- Agility, speed of implementation and new product launches should continue to accelerate our growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income