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Jun 30, 2024

Fiserv Q2 2024 Earnings Report

Fiserv reported strong performance in Q2 2024, driven by integrated solutions and strategic positioning.

Key Takeaways

Fiserv reported a 7% increase in GAAP revenue to $5.11 billion and an 18% increase in adjusted EPS to $2.13. The company affirms its 2024 organic revenue growth outlook of 15% to 17% and raises its adjusted EPS outlook to $8.65 to $8.80.

GAAP revenue increased by 7% to $5.11 billion.

GAAP EPS increased 39% to $1.53.

Organic revenue growth was 18%, led by Merchant Solutions.

Adjusted EPS increased 18% to $2.13.

Total Revenue
$5.11B
Previous year: $4.76B
+7.4%
EPS
$2.13
Previous year: $1.81
+17.7%
Internal Revenue Growth
18%
Previous year: 10%
+80.0%
Gross Profit
$3.12B
Previous year: $2.83B
+10.5%
Cash and Equivalents
$1.2B
Previous year: $1.08B
+10.4%
Free Cash Flow
$1.01B
Previous year: $538M
+87.7%
Total Assets
$93.4B
Previous year: $77.6B
+20.4%

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 $8.65 to $8.80 for 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income