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Sep 30, 2024

Fiserv Q3 2024 Earnings Report

Fiserv reported third quarter results, showcasing strength across Merchant and Financial Solutions segments with several significant new wins.

Key Takeaways

Fiserv reported a 7% increase in GAAP revenue to $5.22 billion for the third quarter of 2024. Adjusted EPS increased by 17% to $2.30. The company raised its 2024 organic revenue growth outlook to 16% to 17% and adjusted EPS outlook to $8.73 to $8.80.

GAAP revenue increased 7% in the quarter.

Organic revenue growth was 15% in the quarter.

Adjusted EPS increased 17% in the quarter.

Company raises 2024 organic revenue growth outlook to 16% to 17% and adjusted EPS outlook to $8.73 to $8.80.

Total Revenue
$5.22B
Previous year: $4.87B
+7.0%
EPS
$2.3
Previous year: $1.96
+17.3%
Internal Revenue Growth
15%
Previous year: 0.12%
+12400.0%
Gross Profit
$3.21B
Previous year: $2.98B
+7.7%
Cash and Equivalents
$1.23B
Previous year: $1.35B
-9.0%
Free Cash Flow
$1.86B
Previous year: $1.24B
+50.3%
Total Assets
$79.8B
Previous year: $84.2B
-5.2%

Fiserv

Fiserv

Fiserv Revenue by Segment

Forward Guidance

Fiserv raises organic revenue growth outlook to 16% to 17% and adjusted earnings per share outlook to $8.73 to $8.80 for 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income