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Dec 31, 2021
Fiserv Q4 2021 Earnings Report
Reported fourth quarter and full year 2021 results, showing revenue increase and adjusted EPS growth.
Key Takeaways
Fiserv reported a strong fourth quarter and full year 2021, with GAAP revenue increasing 11% in the quarter and 9% for the full year. Organic revenue growth was 11% in both the quarter and for the full year. Adjusted EPS increased 21% in the quarter and 26% for the full year. The company expects 2022 organic revenue growth of 7% to 9% and adjusted EPS of $6.40 to $6.55, or growth of 15% to 17%.
GAAP revenue increased 11% in the fourth quarter of 2021.
Organic revenue growth was 11% in the fourth quarter of 2021.
Adjusted EPS increased 21% in the fourth quarter of 2021.
The company expects 2022 organic revenue growth of 7% to 9% and adjusted EPS of $6.40 to $6.55.
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 organic revenue growth of 7% to 9% and adjusted earnings per share in a range of $6.40 to $6.55, representing growth of 15% to 17%, for 2022.
Positive Outlook
- Agility and the strength of assets enhance Fiserv's position as the operating system for commerce.
- Operational strength and balance sheet flexibility support high single digit organic revenue growth.
- Double digit adjusted EPS growth is expected in 2022.
- Completed First Data acquisition integration activities as of December 31, 2021.
- Lower merger and integration costs in 2022.
Challenges Ahead
- Estimates of impacts and adjustments on a forward-looking basis are not available due to the variability, complexity and limited visibility of these items.
- Currency impact is measured as the increase or decrease in the expected adjusted revenue for the period by applying prior period foreign currency exchange rates to present a constant currency comparison to prior periods.
- The expected impact of acquisitions is attributable to 2021 acquisitions.
- Amortization expense in 2022 with respect to acquired intangible assets will approximate the amount incurred in 2021.
- Other adjustments to the company’s financial measures that were incurred in 2021 are not necessarily indicative of adjustments that may be incurred throughout 2022 or beyond.
Revenue & Expenses
Visualization of income flow from segment revenue to net income