Fiserv Q1 revenue $4.55B (+10%), adj EPS $1.58 (+13%); raises 2023 organic growth to 8-9%, adj EPS $7.30-7.40

FISERV INC

2023-Q1 EPS reported $0.89 revenue$4,547,000,000

GAAP EPS $0.89 (-13% YoY) due to prior-year equity gains; GAAP operating margin 20.5% unchanged.
Organic revenue growth 13% led by Acceptance +18%, Payments +13%, Fintech +3%.
Free cash flow $861M, up from $603M; repurchased 13.3M shares for $1.5B in Q1.
Completed $1.8B senior notes offering at 5.525% weighted avg coupon (5yr and 10yr).
Raised FY23 organic revenue growth outlook to 8-9% and adjusted EPS to $7.30-$7.40 (12-14% growth).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FISERV INC reported the quarter ended March 31, 2023 results: revenue $4.55 billion, EPS $0.89. Guidance raised.

Period: the quarter ended March 31, 2023
Revenue: $4.55 billion
EPS: $0.89
Guidance: raised
Result: reported results

Exact text from the filing

GAAP revenue for the company increased 10% to $4.55 billion in the first quarter of 2023 compared to the prior year period, with 12% growth in the Acceptance segment, 2% growth in the Fintech segment and 11% growth in the Payments segment. GAAP earnings per share was $0.89 in the first quarter of 2023, a decrease of 13% compared to the prior year period.

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FISERV INC filing history →

Source: SEC EDGAR

accession 0000798354-23-000006

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