Fiserv Q1: adj EPS $1.88 (+19%), revenue $4.88B (+7%), FY adj EPS guidance raised to $8.60-$8.75

FISERV INC

2024-Q1 EPS reported $1.24 revenue$4,883,000,000

GAAP revenue $4.88B (+7%); GAAP EPS $1.24 (+39%); adjusted EPS $1.88 (+19%).
Organic revenue growth 20%, led by Merchant Solutions (+36%) and Financial Solutions (+5%).
Adjusted operating margin up 180 bps to 35.8%; free cash flow $454M vs $861M year ago.
Repurchased 10.2M shares for $1.5B; completed $2.0B senior notes offering at 5.313% avg rate.
Affirms 2024 organic revenue growth 15–17%; raises adjusted EPS guidance to $8.60–$8.75.

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, 2024 results: revenue $4.88 billion, EPS $1.24. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $4.88 billion
EPS: $1.24
Guidance: raised
Result: reported results

Exact text from the filing

GAAP revenue for the company increased 7% to $4.88 billion in the first quarter of 2024 compared to the prior year period, with 13% growth in the Merchant Solutions segment and 3% growth in the Financial Solutions segment. GAAP earnings per share was $1.24 in the first quarter of 2024, an increase of 39% compared to the prior year period.

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Source: SEC EDGAR

accession 0000798354-24-000098

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