FISERV INC FISV
Fiserv, Inc. is a leading global provider of payments and financial services technology solutions. We are publicly traded on the NASDAQ Global Select Market and part of the S&P 500 Index. We serve clients around the globe, including merchants, banks, credit unions, other financial institutions, corporate and public sector clients. We help clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale ("POS") and business management platform. Most of the products and services we provide are necessary for our clients to operate their businesses and are therefore non-discretionary in nature. We serve our global client base by working among our geographic teams across various regions, including the United States of America ("U.S.") and Canada; Europe, Middle East and Africa; Latin America; and Asia Pacific.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.19B | $20.46B | $19.09B | $17.74B | $16.23B | $14.85B | $10.19B | $5.82B | $5.70B | $5.50B |
| Cost of revenue | — | — | — | — | — | — | — | $2.32B | $2.29B | $2.21B |
| Gross profit | — | — | — | — | — | — | — | $3.50B | $3.40B | $3.29B |
| SG&A | $6.88B | $6.56B | $6.58B | $6.06B | $5.81B | $5.65B | $3.28B | $1.23B | $1.15B | $1.10B |
| Total operating expenses | $15.38B | $14.58B | $14.08B | $14.00B | $13.94B | $13.00B | $8.58B | $4.07B | $4.16B | $4.06B |
| Operating income | $5.82B | $5.88B | $5.01B | $3.74B | $2.29B | $1.85B | $1.61B | $1.75B | $1.53B | $1.45B |
| Interest expense | $1.53B | $1.24B | $1.00B | $746.0M | $696.0M | $716.0M | $507.0M | $193.0M | $176.0M | $163.0M |
| Pre-tax income | $4.26B | $4.51B | $3.90B | $2.91B | $1.67B | $1.17B | $1.08B | $1.55B | $1.36B | $1.27B |
| Income tax | $811.0M | $641.0M | $754.0M | $551.0M | $363.0M | $196.0M | $198.0M | $378.0M | $158.0M | $492.0M |
| Net income | $3.48B | $3.13B | $3.07B | $2.53B | $1.33B | $958.0M | $893.0M | $1.19B | $1.25B | $930.0M |
| EPS, basic | 6.36 | 5.41 | 5.02 | 3.94 | 2.01 | 1.42 | 1.74 | 2.93 | 2.95 | 2.11 |
| EPS, diluted | 6.34 | 5.38 | 4.98 | 3.91 | 1.99 | 1.40 | 1.71 | 2.87 | 2.89 | 2.08 |
| Shares, diluted (wtd. avg.) | $549.0M | $582.1M | $615.9M | $647.9M | $671.6M | $683.4M | $522.6M | $413.7M | $431.3M | $447.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $798.0M | $1.24B | $1.20B | $3.19B | $3.21B | $2.57B | $893.0M | — | — | — |
| Receivables | $3.98B | $3.73B | $3.58B | $3.58B | $2.86B | $2.48B | $2.78B | $1.05B | $997.0M | $902.0M |
| Total current assets | $24.65B | $23.48B | $34.81B | $27.54B | $18.87B | $16.22B | $17.05B | $2.22B | $1.98B | $1.73B |
| Property, plant and equipment | $3.08B | $2.37B | $2.16B | $1.96B | — | — | $1.61B | $398.0M | $390.0M | $405.0M |
| Goodwill | $37.70B | $36.58B | $37.20B | $36.81B | $36.43B | $36.32B | $36.04B | $5.70B | $5.59B | $5.37B |
| Other intangibles | $10.16B | $9.94B | $11.21B | $12.41B | $14.01B | $15.36B | $17.64B | $2.14B | $1.88B | $1.83B |
| Total assets | $80.13B | $77.18B | $90.89B | $83.87B | $76.25B | $74.62B | $77.54B | $11.26B | $10.29B | $9.74B |
| Accounts payable | $797.0M | $511.0M | $449.0M | $652.0M | $593.0M | $437.0M | $392.0M | $127.0M | $80.0M | $110.0M |
| Short-term debt | $1.24B | $1.11B | $755.0M | $468.0M | $508.0M | $384.0M | $287.0M | $4.0M | — | — |
| Total current liabilities | $23.89B | $22.16B | $33.55B | $26.46B | $18.30B | $15.64B | $15.73B | $2.01B | $1.94B | $1.82B |
| Total liabilities | $54.32B | $49.49B | $60.22B | $52.18B | $44.30B | $41.29B | $42.68B | $8.97B | $7.56B | $7.20B |
| Retained earnings | $27.05B | $23.57B | $20.44B | $17.38B | $14.85B | $13.44B | $12.53B | $11.63B | $10.24B | $8.99B |
| Total equity | $25.79B | $27.07B | $30.51B | $31.53B | $31.67B | $33.07B | $34.59B | $2.29B | $2.73B | $2.54B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6.06B | $6.63B | $5.16B | $4.62B | $4.03B | $4.15B | $2.79B | $1.55B | $1.48B | $1.43B |
| Depreciation and amortisation | $669.0M | $589.0M | $566.0M | $555.0M | $3.25B | $3.26B | $1.78B | $556.0M | $444.0M | $421.0M |
| Stock-based compensation | $357.0M | $367.0M | $342.0M | $323.0M | $239.0M | $369.0M | $229.0M | $73.0M | $63.0M | $68.0M |
| Capital expenditure | $1.76B | $1.57B | $1.39B | $1.48B | $1.16B | $900.0M | $721.0M | $360.0M | $287.0M | $290.0M |
| Investing cash flow | -$2.52B | -$2.40B | -$1.07B | -$2.11B | -$1.63B | -$341.0M | -$15.68B | -$663.0M | -$657.0M | -$554.0M |
| Financing cash flow | -$3.83B | -$4.17B | -$4.36B | -$2.48B | -$1.74B | -$3.43B | $14.37B | -$842.0M | -$820.0M | -$852.0M |
| Buybacks | $5.60B | $5.55B | $4.74B | $2.50B | $2.56B | $1.64B | $393.0M | $1.92B | $1.17B | $1.25B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000798354-26-000009.
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