Fiserv Q2 2023 Earnings Report
Key Takeaways
Fiserv reported a solid second quarter in 2023, marked by a 7% increase in GAAP revenue and a 10% rise in organic revenue. The company's adjusted EPS grew by 16%, and it raised its full-year outlook for both organic revenue growth and adjusted EPS.
GAAP revenue increased by 7% and organic revenue grew by 10% in the second quarter.
Adjusted EPS increased by 16% in the second quarter.
The company raised its 2023 organic revenue growth outlook to 9% to 11%.
The company raised its 2023 adjusted EPS outlook to $7.40 to $7.50.
Fiserv
Fiserv
Fiserv Revenue by Segment
Forward Guidance
Fiserv raised its full year 2023 outlook and now expects organic revenue growth of 9% to 11% and adjusted earnings per share of $7.40 to $7.50, representing growth of 14% to 16%.
Positive Outlook
- Strong second-quarter results
- Improved second-half outlook for the economy
- Business confidence
- Strong demand for products
- Greater productivity for associates
Revenue & Expenses
Visualization of income flow from segment revenue to net income