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Dec 31, 2020
Fiserv Q4 2020 Earnings Report
Fiserv reported a decline in GAAP revenue but an increase in GAAP EPS for the fourth quarter of 2020.
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
Revenue by Segment
Merchant Solutions Revenue
CapyFin.comFinancial Solutions Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com 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