earnings
confidence high
sentiment positive
materiality 0.85
Fiserv Q3 GAAP EPS down 37% on $570M impairment; adjusted EPS up 17%, raises FY24 outlook
FISERV INC
2024-Q3 EPS reported
$3.74
revenue$15,205,000,000
- GAAP revenue up 7% to $5.22B; GAAP EPS $0.98 vs $1.55 prior year due to $570M investment impairment.
- Adjusted EPS $2.30, +17% YoY; organic revenue growth 15% (Merchant +24%, Financial +6%).
- Operating cash flow YTD $4.41B (+24%); free cash flow $3.34B (+23%).
- FY2024 guidance raised: organic revenue growth 16-17%, adjusted EPS $8.73-$8.80 (16-17% growth).
- Repurchased 7.6M shares for $1.3B in Q3; named #1 global fintech by IDC FinTech Top 100.