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Mar 31, 2021
Fiserv Q1 2021 Earnings Report
Fiserv reported results with flat GAAP revenue and increased adjusted EPS.
Key Takeaways
Fiserv's first quarter 2021 results showed flat GAAP revenue but internal revenue growth of 4%. Adjusted EPS increased by 18%, and free cash flow increased by 8%. The company raised the lower end of its full-year 2021 outlook.
GAAP revenue was flat, while internal revenue grew by 4%.
Adjusted earnings per share increased by 18%.
Operating cash flow increased by 7% to $952 million, and free cash flow increased by 8% to $821 million.
The company raised the lower end of its full-year 2021 outlook for internal revenue growth and adjusted earnings per share.
Revenue by Segment
Forward Guidance
Fiserv expects internal revenue growth of 9% to 12% and adjusted earnings per share in the range of $5.35 to $5.50 for 2021.
Positive Outlook
- Anticipates strong internal revenue growth.
- Expects significant growth in adjusted earnings per share.
- Focuses on innovation.
- Supports clients and associates.
- Sees broad economic conditions improve.
Challenges Ahead
- The duration and intensity of the COVID-19 pandemic.
- Governmental and private sector responses to the COVID-19 pandemic and the impact of such responses on the company.
- The impact of the COVID-19 pandemic on the company's employees, clients, vendors, operations and sales.
- Possibility of being unable to achieve expected synergies and operating efficiencies from the acquisition of First Data within the expected time frames.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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