NASDAQ$FISV

Fiserv Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Fiserv's Q2 2023 performance reflected strong organic revenue growth and adjusted EPS, driven by sustained momentum in merchant acceptance and expansion of digital payments for financial institutions.

Fiserv reported a solid second quarter in 2023, marked by a 7% increase in GAAP revenue and a 10% rise in organic revenue. The company's adjusted EPS grew by 16%, and it raised its full-year outlook for both organic revenue growth and adjusted EPS.

  • GAAP revenue increased by 7% and organic revenue grew by 10% in the second quarter.
  • Adjusted EPS increased by 16% in the second quarter.
  • The company raised its 2023 organic revenue growth outlook to 9% to 11%.
  • The company raised its 2023 adjusted EPS outlook to $7.40 to $7.50.

Headline financials

Total Revenue

$4.76B

Previous: $4.45B+6.9%
EPS (adj)

$1.81

Previous: $1.56+16.0%
Total company organic growth

10.0%

Previous: 12.0%-16.7%
Capital Expenditures

-$679M

Previous: -$718M+5.4%
Free Cash Flow

$4M

Previous: -$120M+103.3%
Net Income

$683M

Previous: $598M+14.2%
Operating Income

$1.13B

Previous: $860M+31.5%
Gross Profit

$4.76B

Previous: $2.41B+97.7%
Cash & Equivalents

$1.08B

Previous: $3.06B-64.7%
Total Assets

$77.6B

Previous: $77.2B+0.5%
Stock-Based Comp

$106M

Previous: $94M+12.8%

Revenue & EPS history

Fiserv · Revenue · Quarterly

$4.76B

Q2 2023+6.9%vs Q2 2022
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

Fiserv raised its full year 2023 outlook and now expects organic revenue growth of 9% to 11% and adjusted earnings per share of $7.40 to $7.50, representing growth of 14% to 16%.

Tailwinds

  • Strong second-quarter results
  • Improved second-half outlook for the economy
  • Business confidence
  • Strong demand for products
  • Greater productivity for associates

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-0.2%

Avg return

Earnings day

-1.0%

Avg return

5 days after

+0.5%

Avg return

30 days after

64%

47 / 73 earnings

Positive

+9.0%

Q1 2022

Best reaction

-44.1%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-5.2%-4.8%
Q4 2025+4.1%-1.3%-6.8%
Q3 2025-44.1%-48.4%-51.3%
Q2 2025+0.2%+3.6%+0.0%
Q1 2025-18.5%-14.7%-26.6%
Q4 2024+7.1%+7.7%+1.8%
Q3 2024+2.6%+1.2%+10.3%
Q2 2024-0.8%+3.5%+8.0%
Q1 2024+2.3%+4.8%+0.9%
Q4 2023-1.0%+0.1%+4.2%
Q3 2023+4.1%+2.6%+14.5%
Q2 2023-5.0%-3.0%-6.6%
Q1 2023+0.9%+4.1%-3.8%
Q4 2022+8.9%+8.7%+8.5%
Q3 2022+0.8%+2.2%+0.7%
Q2 2022+6.5%+7.8%+9.4%
Q1 2022+9.0%+1.1%+5.5%
Q4 2021-3.5%-8.0%-10.2%
Q3 2021-10.3%-7.1%-10.6%
Q2 2021+2.3%+3.4%+5.4%
Q1 2021-2.5%-5.1%-8.6%
Q4 2020-3.5%-3.0%+9.4%
Q3 2020-4.9%-3.0%+16.9%
Q2 2020+2.7%-0.3%-0.6%
Q1 2020-0.7%-4.9%+3.8%
Q4 2019-0.2%-0.1%-10.4%
Q3 2019+5.4%+6.0%+10.1%
Q2 2019+8.6%+10.3%+11.2%
Q1 2019+1.0%+2.0%+2.4%
Q4 2018+1.3%-0.3%+0.3%
Q3 2018-3.9%-1.6%+1.5%
Q2 2018+0.4%+2.4%+6.8%
Q1 2018-2.6%-1.6%+2.5%
Q4 2017+1.8%+6.0%+13.4%
Q3 2017-3.0%-1.9%+1.5%
Q2 2017-3.5%-4.2%-3.7%
Q1 2017+0.2%-0.4%+3.7%
Q4 2016+2.9%+3.5%+10.2%
Q3 2016-3.0%-1.2%+7.5%
Q2 2016-5.3%-4.7%-5.9%
Q1 2016+3.7%
Q4 2015+0.4%
Q3 2015+1.1%
Q2 2015+2.3%
Q1 2015+0.4%
Q4 2014+3.2%
Q3 2014+2.4%
Q2 2014+0.4%
Q1 2014+7.0%
Q4 2013-1.2%
Q3 2013-1.4%
Q2 2013+4.2%
Q1 2013-4.3%
Q4 2012+0.3%
Q3 2012-0.5%
Q2 2012-3.1%
Q1 2012+1.4%
Q4 2011+1.0%
Q3 2011+2.0%
Q2 2011-2.1%
Q1 2011+0.5%
Q4 2010+2.1%
Q3 2010-0.1%
Q2 2010+0.6%
Q1 2009+0.2%
Q1 2010+0.7%
Q4 2007+2.1%
Q4 2009+2.1%
Q3 2008+1.9%
Q3 2009+1.9%
Q2 2009+0.8%
Q4 2008+0.8%
Q2 2008+0.8%

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