Fiserv Q2 organic revenue up 18%, adjusted EPS $2.13; raises 2024 adjusted EPS outlook to $8.65-$8.80

FISERV INC

2024-Q2 EPS reported $2.76 revenue$9,990,000,000

GAAP revenue $5.11B (+7% YoY); GAAP EPS $1.53 (+39% YoY).
Organic revenue growth 18% led by Merchant Solutions (+28%) and Financial Solutions (+8%).
Adjusted EPS $2.13 (+18%); adjusted operating margin 38.4% (+160 bps).
Raised 2024 adjusted EPS outlook to $8.65-$8.80; affirms organic revenue growth 15-17%.
Repurchased 10M shares for $1.5B in Q2; free cash flow $1.48B in H1 2024.

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