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Dec 31, 2019
Fiserv Q4 2019 Earnings Report
Fiserv's financial results for Q4 2019 were reported, including significant revenue growth due to the First Data acquisition and an increase in adjusted earnings per share.
Key Takeaways
Fiserv reported a 161% increase in GAAP revenue for Q4 2019, reaching $4.05 billion, largely due to the inclusion of First Data's results. Adjusted EPS increased by 18% to $1.13. The company expects internal revenue growth of 6% to 8% for 2020 and adjusted EPS growth of 23% to 27%.
GAAP revenue increased by 161% in Q4 2019 due to the First Data acquisition.
Adjusted earnings per share grew by 18% to $1.13 in Q4 2019.
Internal revenue growth was 5% in Q4 2019.
The company anticipates internal revenue growth of 6% to 8% and adjusted EPS growth of 23% to 27% for 2020.
Fiserv
Fiserv
Fiserv Revenue by Segment
Revenue by Segment
Merchant Solutions Revenue
CapyFin.comFinancial Solutions Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
Fiserv expects to deliver exceptional financial results in 2020, including accelerated internal revenue growth and adjusted earnings per share growth.
Positive Outlook
- Expects internal revenue growth of 6% to 8% for 2020.
- Anticipates adjusted earnings per share to grow in a range of 23% to 27% ($4.86 to $5.02) over the adjusted earnings per share for 2019 as revised for the net impact of divestitures including the Investment Services transaction announced in December.
- The company expects GAAP revenue growth to be significantly higher than internal revenue growth.
- The company's adjusted earnings per share outlook for 2020 excludes certain non-cash or other items which should enhance shareholders' ability to evaluate the company's performance
- Internal revenue growth outlook is calculated based on the combined results of Fiserv and First Data.
Revenue & Expenses
Visualization of income flow from segment revenue to net income