FISERV INC

10-K & 10-Q Filings

Fiserv, Inc. is a leading global provider of payments and financial services technology solutions. The company operates in three segments: Acceptance, Fintech, and Payments. The Acceptance segment provides commerce-enabling solutions for merchants, including merchant acquiring and digital commerce services, mobile payment services, security and fraud protection products, and Clover, a cloud-based POS and integrated commerce operating system for small and mid-sized businesses. The Fintech segment offers financial institutions technology solutions for processing customer deposit and loan accounts, digital banking, financial and risk management, professional services, and consulting. The Payments segment provides financial institutions and corporate and public sector clients with products and services for processing digital payment transactions, including card transactions, network services, security and fraud protection products, and non-card digital payment software and services. Fiserv's website is [www.fiserv.com], and its ticker symbol is FISV. The company's business strategy includes increasing client relationships, innovation, operational effectiveness, portfolio management, and capital discipline.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$4337.00
4482.00
4814.00
5066.00
5254.00
5505.00
5696.00
5823.00
10187.00
14852.00
16226.00
17737.00
19093.00
4547.00
4883.00
13.15%7.39%Cost of Revenue (-)
$2542.00
2597.00
2776.00
2881.00
2909.00
2959.00
3024.00
3069.00
5309.00
7812.00
8128.00
7992.00
7670.00
2005.00
2005.00
9.64%0.00%Gross Profit (+)
$1795.00
1885.00
2038.00
2185.00
2345.00
2546.00
2672.00
2754.00
4405.00
6331.00
7405.00
9745.00
11423.00
2542.00
2878.00
16.67%13.22%Selling, General & Administrative (-)
$799.00
829.00
977.00
975.00
1034.00
1101.00
1150.00
1228.00
3284.00
5652.00
5810.00
6059.00
6576.00
1604.00
1697.00
19.20%5.80%Operating Expenses (-)
$799.00
829.00
977.00
975.00
1034.00
1101.00
1140.00
1001.00
3269.00
5188.00
5810.00
6005.00
6409.00
1608.00
1697.00
18.95%5.53%Costs & Expenses (Total) (-)
$3341.00
3426.00
3753.00
3856.00
3943.00
4060.00
4164.00
4070.00
8578.00
13000.00
13938.00
13997.00
14079.00
3613.00
3702.00
12.73%2.46%Operating Income/Loss (+)
$996.00
1056.00
1061.00
1210.00
1311.00
1445.00
1532.00
1753.00
1609.00
1852.00
2288.00
3740.00
5014.00
934.00
1181.00
14.42%26.45%Non-operating Income/Expense (+)
$-61.00
18.00
81.00
92.00
-53.00
140.00
34.00
5.00
23.00
28.00
171.00
126.00
-155.00
-32.00
-15.00
53.13%Interest Expense (-)
$188.00
174.00
164.00
164.00
169.00
163.00
176.00
193.00
47.00
Earnings before Tax (+)
$729.00
889.00
898.00
1047.00
1057.00
1275.00
1358.00
1555.00
1083.00
1171.00
1666.00
2913.00
3898.00
712.00
913.00
14.99%28.23%Tax Expense (-)
$256.00
303.00
328.00
384.00
377.00
492.00
158.00
378.00
198.00
196.00
363.00
551.00
754.00
124.00
153.00
9.42%23.39%Income/Loss (Continuing Operations) (+)
$491.00
597.00
650.00
754.00
712.00
930.00
1232.00
1187.00
914.00
975.00
1303.00
2362.00
3144.00
588.00
760.00
16.73%29.25%Income/Loss (Discontinued Operations) (+)
$-19.00
14.00
-2.00
14.00
Profit/Loss (+)
$
914.00
975.00
1403.00
2582.00
3129.00
576.00
752.00
30.56%Net Income/Loss (NCI) (-)
$
21.00
17.00
69.00
52.00
61.00
13.00
17.00
30.77%Net Income/Loss (+)
$472.00
611.00
648.00
754.00
712.00
930.00
1246.00
1187.00
893.00
958.00
1334.00
2530.00
3068.00
563.00
735.00
16.88%30.55%Net Income/Loss (Common) (+)
$472.00
611.00
648.00
754.00
712.00
930.00
1246.00
1187.00
893.00
958.00
1334.00
2530.00
3068.00
563.00
735.00
16.88%30.55%EPS (Basic)
$3.31
4.50
2.47
3.03
3.04
4.22
5.90
2.93
1.74
1.42
2.01
3.94
5.02
0.90
1.24
3.53%37.78%EPS (Diluted)
$3.28
4.44
2.44
2.98
2.99
4.15
5.78
2.87
1.71
1.40
1.99
3.91
4.98
0.89
1.24
3.54%39.33%Weighted Avg Shares (Basic)
142.60
135.80
262.40
248.60
233.90
220.30
211.10
405.50
512.30
672.10
662.60
642.30
611.70
626.90
590.90
12.90%-5.74%Weighted Avg Shares (Diluted)
144.20
137.50
266.10
252.70
238.00
223.90
215.60
413.70
522.60
683.40
671.60
647.90
615.90
631.30
594.80
12.86%-5.78%Cash
$337.00
358.00
400.00
835.00
902.00
1204.00
1214.00
11.19%Receivables
$666.00
663.00
751.00
798.00
802.00
902.00
997.00
1049.00
2782.00
2482.00
2860.00
3585.00
3582.00
3340.00
3574.00
15.05%7.01%Prepaid Expenses (Current)
$
603.00
760.00
Other Assets (Current)
$353.00
391.00
421.00
688.00
704.00
826.00
375.00
415.00
14264.00
13737.00
15175.00
23057.00
30025.00
16949.00
32306.00
44.81%90.61%Assets (Current)
$1356.00
1412.00
1572.00
1486.00
1506.00
1728.00
1975.00
2224.00
17046.00
16219.00
18870.00
27544.00
34811.00
20289.00
37094.00
31.06%82.83%Securities & Long-term Investments
$
2720.00
2756.00
2561.00
2403.00
2262.00
2362.00
2220.00
-6.01%Property, Plant & Equipment (Net)
$258.00
249.00
266.00
317.00
396.00
405.00
390.00
398.00
1606.00
1628.00
1742.00
1958.00
2161.00
2002.00
2226.00
19.38%11.19%Goodwill & Intangibles
$6601.00
6479.00
7358.00
7212.00
7072.00
7206.00
7472.00
7845.00
53680.00
51680.00
50442.00
49226.00
48415.00
49011.00
47964.00
18.06%-2.14%Other Assets
$333.00
357.00
317.00
322.00
366.00
404.00
452.00
795.00
2487.00
2336.00
2634.00
2738.00
3241.00
2884.00
3194.00
20.88%10.75%Assets (Non-current)
$7192.00
7085.00
7941.00
7851.00
7834.00
8015.00
8314.00
9038.00
60493.00
58400.00
57379.00
56325.00
56079.00
56259.00
55604.00
18.67%-1.16%Assets (Total)
$8548.00
8497.00
9513.00
9337.00
9340.00
9743.00
10289.00
11262.00
77539.00
74619.00
76249.00
83869.00
90890.00
76548.00
92698.00
21.77%21.10%Accounts Payable
$836.00
724.00
756.00
905.00
1024.00
1242.00
1383.00
1626.00
3080.00
3186.00
3550.00
3883.00
4355.00
3569.00
3957.00
14.74%10.87%Debt (Current)
$179.00
2.00
92.00
92.00
5.00
95.00
3.00
4.00
287.00
384.00
508.00
468.00
755.00
461.00
671.00
12.74%45.55%Other Liabilities (Current)
$369.00
379.00
484.00
489.00
473.00
483.00
552.00
380.00
12360.00
12067.00
14237.00
22107.00
28442.00
14833.00
30490.00
43.63%105.56%Liabilities (Current)
$1384.00
1105.00
1332.00
1486.00
1502.00
1820.00
1938.00
2010.00
15727.00
15637.00
18295.00
26458.00
33552.00
18863.00
35118.00
30.43%86.17%Debt (Non-current)
$3216.00
3228.00
3756.00
3711.00
4288.00
4467.00
4897.00
5955.00
21612.00
20300.00
20729.00
20950.00
22363.00
21943.00
23754.00
17.54%8.25%Other Liabilities
$690.00
747.00
840.00
845.00
890.00
915.00
723.00
1004.00
5343.00
5353.00
5275.00
4773.00
4306.00
4788.00
4243.00
16.48%-11.38%Liabilities (Non-current)
$3906.00
3975.00
4596.00
4556.00
5178.00
5382.00
5620.00
6959.00
26955.00
25653.00
26004.00
25723.00
26669.00
26731.00
27997.00
17.36%4.74%Liabilities (Total)
$5290.00
5080.00
5928.00
6042.00
6680.00
7202.00
7558.00
8969.00
42682.00
41290.00
44299.00
52181.00
60221.00
45594.00
63115.00
22.47%38.43%Treasury Stock
$2782.00
3279.00
3801.00
4895.00
6286.00
7401.00
8494.00
10340.00
3118.00
4375.00
6140.00
8378.00
12915.00
9762.00
14253.00
13.65%46.00%Retained Earnings
$5339.00
5950.00
6598.00
7352.00
8064.00
8994.00
10240.00
11635.00
12528.00
13441.00
14846.00
17376.00
20444.00
17939.00
21179.00
11.84%18.06%AOCI
$-78.00
-60.00
-60.00
-63.00
-74.00
-76.00
-54.00
-67.00
-180.00
-387.00
-745.00
-1189.00
-783.00
-1054.00
-994.00
5.69%Shareholder's Equity
$3258.00
3417.00
3585.00
3295.00
2660.00
2541.00
2731.00
2293.00
34595.00
33070.00
31672.00
31527.00
30508.00
30794.00
29423.00
20.49%-4.45%Liabilities & Equity
$8548.00
8497.00
9513.00
9337.00
9340.00
9743.00
10289.00
11262.00
77539.00
74619.00
76249.00
83869.00
90890.00
76548.00
92698.00
21.77%21.10%Net Income/Loss
$472.00
611.00
648.00
754.00
712.00
930.00
1246.00
1187.00
914.00
975.00
1403.00
2582.00
3129.00
576.00
752.00
17.07%30.56%Depreciation & Amortization
$192.00
191.00
193.00
200.00
223.00
253.00
274.00
393.00
615.00
1077.00
1158.00
1320.00
1479.00
352.00
401.00
18.55%13.92%Increase/Decrease in Working Capital
$20.00
78.00
-4.00
-96.00
-76.00
-33.00
15.00
169.00
-36.00
211.00
495.00
744.00
912.00
273.00
808.00
37.48%195.97%Share-based Compensation
$39.00
44.00
46.00
49.00
65.00
68.00
63.00
73.00
229.00
369.00
239.00
323.00
342.00
93.00
86.00
19.83%-7.53%Adjustments to Reconcile Net Income
$481.00
224.00
389.00
553.00
634.00
501.00
251.00
365.00
1881.00
3172.00
2631.00
2036.00
2033.00
554.00
79.00
12.76%-85.74%Net Cash (Operating)
$953.00
835.00
1039.00
1307.00
1346.00
1431.00
1483.00
1552.00
2795.00
4147.00
4034.00
4618.00
5162.00
1130.00
831.00
15.12%-26.46%Capital Expenditure
$703.00
195.00
266.00
292.00
359.00
555.00
654.00
653.00
16675.00
460.00
2008.00
2467.00
1401.00
339.00
420.00
5.91%23.89%Net Cash (Investing)
$-665.00
-138.00
-148.00
-286.00
-360.00
-554.00
-657.00
-663.00
-16602.00
-341.00
-1630.00
-2112.00
-1068.00
-314.00
-397.00
-26.43%Increase/Decrease in Debt
$-37.00
-173.00
-338.00
-49.00
3121.00
2126.00
2310.00
5039.00
14987.00
-2027.00
295.00
136.00
1096.00
866.00
1272.00
46.88%Increase/Decrease in Equity
$-460.00
-538.00
-529.00
-1095.00
-1451.00
-1166.00
-1145.00
-1871.00
-91.00
117.00
140.00
149.00
63.00
14.00
28.00
100.00%Dividends Paid
$
118.00
104.00
62.00
42.00
34.00
8.00
34.00
325.00%Net Cash (Financing)
$-498.00
-706.00
-873.00
-1126.00
-1005.00
-852.00
-820.00
-842.00
14191.00
-3836.00
-1741.00
-2478.00
-4356.00
-1149.00
-189.00
83.55%Effect of Exchange Rate
$
1.00
16.00
-27.00
-41.00
33.00
17.00
-17.00
-200.00%Increase/Decrease in Cash
$-210.00
-9.00
18.00
-105.00
-19.00
25.00
6.00
47.00
-14.00
636.00
-13.00
-229.00
-316.00
228.00
172.15%Cash (Beginning)
$563.00
337.00
358.00
400.00
294.00
275.00
300.00
325.00
415.00
933.00
2569.00
3205.00
3192.00
3192.00
2963.00
15.56%-7.17%Cash (Ending)
$337.00
358.00
400.00
294.00
275.00
300.00
325.00
415.00
933.00
919.00
3205.00
3192.00
2963.00
2876.00
3191.00
19.86%10.95%NOPAT
$646.24
696.08
673.46
766.22
843.41
887.40
1353.76
1326.87
1314.83
1542.02
1789.47
3032.57
4044.13
771.34
983.09
16.51%27.45%Gross Margin %
41.39%
42.06%
42.33%
43.13%
44.63%
46.25%
46.91%
47.30%
43.24%
42.63%
45.64%
54.94%
59.83%
55.90%
58.94%
Operating Margin %
22.97%
23.56%
22.04%
23.88%
24.95%
26.25%
26.90%
30.10%
15.79%
12.47%
14.10%
21.09%
26.26%
20.54%
24.19%
NOPAT Margin %
14.90%
15.53%
13.99%
15.12%
16.05%
16.12%
23.77%
22.79%
12.91%
10.38%
11.03%
17.10%
21.18%
16.96%
20.13%
Net Margin %
10.88%
13.63%
13.46%
14.88%
13.55%
16.89%
21.88%
20.38%
8.77%
6.45%
8.22%
14.26%
16.07%
12.38%
15.05%
Tax Rate %
35.12%
34.08%
36.53%
36.68%
35.67%
38.59%
11.63%
24.31%
18.28%
16.74%
21.79%
18.92%
19.34%
17.42%
16.76%
ROA
7.56%
8.19%
7.08%
8.21%
9.03%
9.11%
13.16%
11.78%
1.70%
2.07%
2.35%
3.62%
4.45%
1.01%
1.06%
ROE
19.84%
20.37%
18.79%
23.25%
31.71%
34.92%
49.57%
57.87%
3.80%
4.66%
5.65%
9.62%
13.26%
2.50%
3.34%
ROIC
9.45%
10.18%
8.66%
10.18%
11.29%
11.66%
17.22%
16.10%
2.38%
2.89%
3.96%
7.44%
10.99%
1.51%
2.80%
Asset Turnover
0.51
0.53
0.51
0.54
0.56
0.57
0.55
0.52
0.13
0.20
0.21
0.21
0.21
0.06
0.05
Equity Multiplier
2.62
2.49
2.65
2.83
3.51
3.83
3.77
4.91
2.24
2.26
2.41
2.66
2.98
2.49
3.15
Current Ratio
0.98
1.28
1.18
1.00
1.00
0.95
1.02
1.11
1.08
1.04
1.03
1.04
1.04
1.08
1.06
Quick Ratio
0.72
0.92
0.86
0.54
0.53
0.50
0.51
0.52
0.18
0.16
0.20
0.17
0.14
0.18
0.14
Debt/Equity Ratio
1.04
0.95
1.07
1.15
1.61
1.80
1.79
2.60
0.63
0.63
0.67
0.68
0.76
0.73
0.83
Working Capital/Sales
-0.00
0.02
0.03
-0.43
-0.59
-0.72
-3.10
Dividend Payout Ratio %
8.97%
6.74%
3.46%
1.38%
0.84%
1.04%
3.46%
Total Payout
$497.00
711.00
867.00
1144.00
-1670.00
-960.00
-1165.00
-3168.00
-14778.00
2014.00
-373.00
-243.00
-1125.00
-872.00
-1266.00
-45.18%Payout Ratio %
76.91%
102.14%
128.74%
149.30%
-198.01%
-108.18%
-86.06%
-238.76%
-1123.94%
130.61%
-20.84%
-8.01%
-27.82%
-113.05%
-128.78%