Fiserv expects $400M-$600M non-cash impairment on WFMS joint venture expiring April 2025

FISERV INC

WFMS joint venture (40% owned) expires April 1, 2025; impairment charge of $400M-$600M expected in Q3 2024.
No material future cash expenditures from the charge; company does not expect impact on 2024 adjusted EPS.
Multiyear processing agreement signed with Wells Fargo for merchant clients post-expiration.
Medium-term outlook reaffirmed: organic revenue growth 9-12%, adjusted EPS growth 14-18% for 2025-2026.

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