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Fiserv
🇺🇸 NASDAQ:FI
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OverviewEarningsDividends
•
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.

Total Revenue
$16.2B
Previous year: $14.9B
+9.3%
EPS
$1.57
Previous year: $1.3
+20.8%
Internal Revenue Growth
11%
Previous year: 1%
+1000.0%
Gross Profit
$2.05B
Previous year: $1.98B
+4.0%
Cash and Equivalents
$835M
Previous year: $906M
-7.8%
Free Cash Flow
$997M
Previous year: $1.05B
-5.0%
Total Assets
$76.2B
Previous year: $74.6B
+2.2%

Fiserv

Fiserv

Fiserv Revenue by Segment

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

Company Overview

Full financial data and analysis

View Fiserv