Fiserv Q4 2020 Earnings Report
Key Takeaways
Fiserv's fourth quarter saw a decrease in GAAP revenue by 5%, but a 22% increase in GAAP EPS. Internal revenue grew by 1%, and adjusted EPS increased by 16%. The company anticipates internal revenue growth of 8% to 12% and adjusted EPS of $5.30 to $5.50 for 2021.
GAAP revenue decreased 5% in Q4 2020, but increased 46% for the full year.
GAAP EPS rose 22% in Q4 2020, but declined 18% for the full year.
Internal revenue grew 1% in Q4 2020 and was flat for the full year.
Adjusted EPS increased 16% in Q4 2020 and 12% for the full year.
Fiserv
Fiserv
Fiserv Revenue by Segment
Forward Guidance
Fiserv projects internal revenue growth of 8% to 12% and adjusted earnings per share between $5.30 and $5.50 for 2021, assuming no significant extension of COVID-19 impacts beyond the first half of the year.
Positive Outlook
- Good momentum from strong sales activity in recent quarters
- Solid pipeline
- Strength of the business
- Strong post-pandemic macro environment
- Significantly improved financial performance in 2021
Challenges Ahead
- No significant extension of COVID-19 impacts beyond the first half of 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income