earnings
confidence high
sentiment positive
materiality 0.75
Fiserv Q3 GAAP EPS $1.56 (+108% YoY); organic rev growth 12%; raises FY23 outlook
FISERV INC
2023-Q3 EPS reported
$3.54
revenue$14,176,000,000
- GAAP revenue $4.87B (+8% YoY); adjusted EPS $1.96 (+20% YoY); GAAP operating margin 30.8%.
- Organic revenue growth 12% (Acceptance +20%, Payments +6%, Fintech +6%); raised FY23 organic growth outlook to 11%.
- Adjusted EPS guidance raised to $7.47-$7.52 (15-16% growth); free cash flow YTD $2.72B (+29%).
- Repurchased 9.6M shares for $1.2B in Q3; issued $2.0B senior notes (weighted avg coupon 5.538%).
- Acquired remaining 49% of European Merchant Services; named #1 on IDC FinTech Top 100.