Loading...
•
Sep 30, 2020
Fiserv Q3 2020 Earnings Report
Fiserv reported strong financial results and free cash flow, driven by focus on client service and robust sales growth.
Key Takeaways
Fiserv reported a 21% increase in GAAP revenue and a 19% increase in adjusted EPS for Q3 2020. The company also raised its full year 2020 adjusted EPS growth outlook to at least 11%.
GAAP revenue increased 21% in the third quarter.
Adjusted EPS increased 19% in the third quarter.
Operating cash flow was $1.04 billion in the third quarter.
Company raises full year 2020 adjusted EPS growth outlook to at least 11%.
Fiserv
Fiserv
Fiserv Revenue by Segment
Revenue by Segment
Corporate and Other Revenue
CapyFin.com Forward Guidance
While the COVID-19 pandemic continues to provide uncertainty in market conditions, the company is raising its full year 2020 outlook for adjusted earnings per share. Fiserv now expects adjusted earnings per share to grow at least 11% over adjusted earnings per share for 2019, as revised for the net impact of divestitures.