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Sep 30, 2022

Fiserv Q3 2022 Earnings Report

Fiserv reported third quarter results with revenue growth and increased EPS.

Key Takeaways

Fiserv reported a strong third quarter in 2022, with GAAP revenue increasing by 9% to $4.52 billion and adjusted EPS increasing by 11% to $1.63. The company raised its full-year outlook for organic revenue growth to 11% and adjusted EPS to $6.48 to $6.55.

GAAP revenue increased 9% to $4.52 billion.

Organic revenue growth was 11%.

Adjusted EPS increased 11% to $1.63.

The company raised its 2022 organic revenue growth outlook to 11% and adjusted EPS outlook to $6.48 to $6.55.

Total Revenue
$4.52B
Previous year: $4.16B
+8.5%
EPS
$1.63
Previous year: $1.47
+10.9%
Internal Revenue Growth
0.11%
Previous year: 10%
-98.9%
Gross Profit
$2.52B
Previous year: $2.11B
+19.4%
Cash and Equivalents
$3.38B
Previous year: $2.98B
+13.3%
Free Cash Flow
$750M
Previous year: $358M
+109.5%
Total Assets
$75.6B
Previous year: $75.8B
-0.2%

Fiserv

Fiserv

Fiserv Revenue by Segment

Forward Guidance

Fiserv raised its full year 2022 outlook and now expects organic revenue growth of 11% and adjusted earnings per share of $6.48 to $6.55, representing growth of 16% to 17%.

Positive Outlook

  • The demonstrated resilience of our business model should position Fiserv well to withstand current uncertainty
  • Continue to deliver for our clients
  • Invest for future growth
  • We’ve outperformed our original growth expectations
  • Have begun to see the benefits of operating leverage and expense management

Revenue & Expenses

Visualization of income flow from segment revenue to net income