NASDAQ$FISV

Fiserv Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Fiserv's financial results for Q4 2019 were reported, including significant revenue growth due to the First Data acquisition and an increase in adjusted earnings per share.

Fiserv reported a 161% increase in GAAP revenue for Q4 2019, reaching $4.05 billion, largely due to the inclusion of First Data's results. Adjusted EPS increased by 18% to $1.13. The company expects internal revenue growth of 6% to 8% for 2020 and adjusted EPS growth of 23% to 27%.

  • GAAP revenue increased by 161% in Q4 2019 due to the First Data acquisition.
  • Adjusted earnings per share grew by 18% to $1.13 in Q4 2019.
  • Internal revenue growth was 5% in Q4 2019.
  • The company anticipates internal revenue growth of 6% to 8% and adjusted EPS growth of 23% to 27% for 2020.

Headline financials

Total Revenue

$4.05B

Previous: $1.55B+160.8%
EPS (adj)

$1.13

Previous: $0.84+34.5%
Total company organic growth

5.0%

No prior period
Capital Expenditures

$290M

Previous: $97M+199.0%
Free Cash Flow

$888M

Previous: $1.46B-39.0%
Net Income

$241M

Previous: $286M-15.7%
Operating Income

$478M

Previous: $431M+10.9%
Gross Profit

$1.94B

Previous: $729M+165.6%
Cash & Equivalents

$893M

Previous: $415M+115.2%
Total Assets

$77.5B

Previous: $11.3B+588.5%
Stock-Based Comp

$108M

Previous: $19M+468.4%

Revenue & EPS history

Fiserv · Revenue · Quarterly

$4.05B

Q4 2019+160.8%vs Q4 2018
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Fiserv expects to deliver exceptional financial results in 2020, including accelerated internal revenue growth and adjusted earnings per share growth.

Tailwinds

  • Expects internal revenue growth of 6% to 8% for 2020.
  • Anticipates adjusted earnings per share to grow in a range of 23% to 27% ($4.86 to $5.02) over the adjusted earnings per share for 2019 as revised for the net impact of divestitures including the Investment Services transaction announced in December.
  • The company expects GAAP revenue growth to be significantly higher than internal revenue growth.
  • The company's adjusted earnings per share outlook for 2020 excludes certain non-cash or other items which should enhance shareholders' ability to evaluate the company's performance
  • Internal revenue growth outlook is calculated based on the combined results of Fiserv and First Data.

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 Q4 2019

Historical avgQ4 2019

-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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