Fiserv, Inc. (FI)

Sector: Technology|Industry: Information Technology Services|Market Cap: $116.43B|Employees: 42K


Fiserv, Inc. is a leading global provider of payments and financial services technology solutions, serving clients such as merchants, banks, credit unions, and other financial institutions. The company's primary revenue streams are processing and services revenue (82% of total revenue in 2023), primarily generated from account- and transaction-based fees, and product revenue (18% of total revenue in 2023), from sales of print and card production, software licenses, and hardware. Fiserv has a strong competitive position due to the non-discretionary nature of its products and services and operates globally.

  1. Filings

Filing Highlights

Financial Performance

Total revenue increased to $5.107 billion, up 7% year-over-year, primarily driven by a $216 million increase in processing and services revenue. Product revenue also contributed, increasing by $135 million.

Operating income increased significantly to $1.428 billion, a 26% increase compared to the same quarter last year. This was driven by scalable revenue growth and a reduction in amortization of acquisition-related intangible assets.

Net income attributable to Fiserv, Inc. reached $894 million, a 31% increase compared to $683 million in the same quarter of the previous year. This increase was driven by revenue growth and improved operating income.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment