Q2 24 EPS
$2.13
BEAT +1.43%
Est. $2.10
Q2 24 Revenue
$5.11B
Did FISV Beat Earnings? Q2 2024 Results
Fiserv delivered a solid second quarter, posting adjusted earnings per share of $2.13 against a consensus estimate of $2.10, a beat of 1.43%, while revenue climbed 7.4% year over year to $5.11 billion. The primary engine behind the results was the Me… Read more Fiserv delivered a solid second quarter, posting adjusted earnings per share of $2.13 against a consensus estimate of $2.10, a beat of 1.43%, while revenue climbed 7.4% year over year to $5.11 billion. The primary engine behind the results was the Merchant Solutions segment, which generated 28% organic revenue growth and expanded its operating margin to 36.6% from 33.7% a year earlier, lifting the company's overall adjusted operating margin by 160 basis points to 38.4%. Total organic revenue growth for the quarter came in at 18%, matching an 18% rise in adjusted EPS compared to $1.81 in the prior-year period. Management responded to the momentum by raising its full-year adjusted EPS outlook to a range of $8.65 to $8.80, representing growth of 15% to 17% over the 2023 base of $7.52, while reaffirming organic revenue growth guidance of 15% to 17% for the full year. The company also repurchased 10.00 million shares for $1.50 billion during the quarter, underscoring continued confidence in its capital return program.
Key Takeaways
- • 28% organic revenue growth in Merchant Solutions segment
- • 8% organic revenue growth in Financial Solutions segment
- • Adjusted operating margin expansion of 160 basis points to 38.4%
- • Merchant Solutions operating margin expanded 290 basis points to 36.6% on adjusted basis
- • Integrated solutions, deep client relationships, and strategic positioning
FISV YoY Financials
Q2 2024 vs Q2 2023, source: SEC Filings
FISV Revenue by Segment
With YoY comparisons, source: SEC Filings
“Fiserv once again delivered strong performance across the business with 18% growth in both organic revenue and adjusted earnings per share. Fiserv's integrated solutions, deep client relationships, and strategic positioning continue to drive our industry leadership.”
— Frank Bisignano, Q2 2024 Earnings Press Release
FISV Earnings Trends
FISV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FISV EPS Trend
Earnings per share: estimate vs actual
FISV Revenue Trend
Quarterly revenue: estimate vs actual
FISV Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.58 | $1.79 | +13.49% | $5.03B | +6.30% |
| Q4 25 BEAT FY | $1.91 | $1.99 | +4.17% | $5.28B | +7.55% |
| FY Full Year | $8.60 | $8.64 | +0.50% | $21.19B | +6.53% |
| Q3 25 MISS | $2.65 | $2.04 | -23.02% | $5.26B | — |
| Q2 25 BEAT | $2.43 | $2.47 | +1.65% | $5.52B | — |
| Q1 25 BEAT | $2.08 | $2.14 | +2.88% | $5.13B | — |
| Q4 24 BEAT FY | $2.48 | $2.51 | +1.21% | $5.25B | — |
| FY Full Year | — | $8.80 | — | $20.46B | — |
| Q3 24 BEAT | $2.26 | $2.30 | +1.77% | $5.22B | — |
| Q2 24 BEAT | $2.10 | $2.13 | +1.43% | $5.11B | — |