NASDAQ$FISV

Fiserv Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Fiserv's Q3 2021 performance was marked by revenue growth, driven by the Acceptance segment, and an increase in adjusted earnings per share.

Fiserv reported a strong third quarter with a 10% increase in GAAP revenue, reaching $4.16 billion. Adjusted EPS grew by 23% to $1.47. The company has tightened its full year outlook for internal revenue growth to 11% and improved its adjusted earnings per share outlook to a range of $5.55 to $5.60.

  • GAAP revenue increased by 10% to $4.16 billion in Q3 2021.
  • Adjusted EPS increased by 23% to $1.47 in Q3 2021.
  • Internal revenue growth was 10% in Q3 2021, led by the Acceptance segment.
  • The company expects 2021 internal revenue growth of 11% and adjusted EPS between $5.55 and $5.60.

Headline financials

Total Revenue

$4.16B

Previous: $3.79B+10.0%
EPS (adj)

$1.47

Previous: $1.20+22.5%
Total company organic growth

10.0%

Previous: 3.0%+233.3%
Capital Expenditures

-$814M

Previous: -$689M-18.1%
Free Cash Flow

-$386M

Previous: -$425M+9.2%
Net Income

$428M

Previous: $264M+62.1%
Operating Income

$636M

Previous: $542M+17.3%
Gross Profit

$2.11B

Previous: $21M+9957.1%
Cash & Equivalents

$2.98B

Previous: $951M+213.1%
Total Assets

$75.8B

Previous: $72.4B+4.7%
Stock-Based Comp

$63M

Previous: $84M-25.0%

Revenue & EPS history

Fiserv · Revenue · Quarterly

$4.16B

Q3 2021+10%vs Q3 2020
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

Fiserv tightens its full year outlook for internal revenue growth to 11% and improves its adjusted earnings per share outlook to a range of $5.55 to $5.60, representing growth of 26% to 27%, for 2021.

Tailwinds

  • Strong financial results year to date
  • Increased visibility into the fourth quarter
  • Strength of our assets
  • Our agility
  • New product launches continue to accelerate our growth

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 Q3 2021

Historical avgQ3 2021

-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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