Fiserv, Inc. (FISV) 10-Year Financial Performance & Capital Metrics

FISV • • Industrial / General

TechnologyIT ServicesPayment Processing & Financial TechnologyPayment Processing Leaders

AboutFiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners. The Fintech segment offers customer deposit and loan accounts, as well as manages an institution's general ledger and central information files. This segment also provides digital banking, financial and risk management, professional services and consulting, item processing and source capture, and other products and services. The Payments segment offers card transactions, such as debit, credit, and prepaid card processing and services; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. It serves business, banks, credit unions, other financial institutions, merchants, and corporate clients. Fiserv, Inc. was incorporated in 1984 and is headquartered in Brookfield, Wisconsin.Show more

Revenue $20.46B +7.1%
EBITDA $8.97B +10.3%
Net Income $3.13B +2.1%
EPS (Diluted) 5.38 +8.0%
Gross Margin 60.83% +1.7%
EBITDA Margin 43.87% +3.0%
Operating Margin 28.74% +9.4%
Net Margin 15.31% -4.7%
ROE 10.73% +9.1%
ROIC 8.42% +18.3%
Debt/Equity 0.90 +15.7%
Interest Coverage 4.75 -4.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 28.5%
✓Strong Piotroski F-Score: 8/9
✓FCF machine: 24.7% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 15.0%
✓Share count reduced 5.5% through buybacks

✗Weaknesses

✗Weak momentum: RS Rating 9 (bottom 9%)
✗Trading more than 30% below 52-week high
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.98%

5Y14.96%

3Y8.03%

TTM5.16%

Profit (Net Income) CAGR

10Y15.3%

5Y28.52%

3Y32.9%

TTM17.76%

EPS CAGR

10Y13.7%

5Y25.76%

3Y39.31%

TTM24.6%

ROCE

10Y Avg11.1%

5Y Avg6.53%

3Y Avg8.56%

Latest10.46%

Peer Comparison

Payment Processing Leaders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
PAYPaymentus Holdings, Inc.	1.63B	29.31	83.74	41.86%	5.29%	11.06%	3.88%	0.02
FISFidelity National Information Services, Inc.	32.86B	63.45	44.68	3.01%	1.42%	1.1%	6.01%	0.74
PSFEPaysafe Limited	443.61M	7.72	21.44	6.48%	-7.35%	-17.42%	30.05%	2.74
FISVFiserv, Inc.	35.92B	66.78	12.41	7.14%	17.05%	14.35%	14.09%	0.90

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.25B	5.5B	5.7B	5.82B	10.19B	14.85B	16.23B	17.74B	19.09B	20.46B
Revenue Growth %	0.04%	0.05%	0.03%	0.02%	0.75%	0.46%	0.09%	0.09%	0.08%	0.07%
Cost of Goods Sold+	2.91B	2.96B	3.02B	3.07B	5.31B	7.81B	8.13B	7.99B	7.67B	8.01B
COGS % of Revenue	0.55%	0.54%	0.53%	0.53%	0.52%	0.53%	0.5%	0.45%	0.4%	0.39%
Gross Profit+	2.35B	2.55B	2.67B	2.75B	4.88B	7.04B	8.1B	9.74B	11.42B	12.44B
Gross Margin %	0.45%	0.46%	0.47%	0.47%	0.48%	0.47%	0.5%	0.55%	0.6%	0.61%
Gross Profit Growth %	0.07%	0.09%	0.05%	0.03%	0.77%	0.44%	0.15%	0.2%	0.17%	0.09%
Operating Expenses+	1.03B	1.1B	1.14B	1B	3.27B	5.19B	5.81B	6B	6.41B	6.56B
OpEx % of Revenue	0.2%	0.2%	0.2%	0.17%	0.32%	0.35%	0.36%	0.34%	0.34%	0.32%
Selling, General & Admin	1.03B	1.1B	1.15B	1.23B	3.28B	5.65B	5.81B	6.06B	6.58B	6.56B
SG&A % of Revenue	0.2%	0.2%	0.2%	0.21%	0.32%	0.38%	0.36%	0.34%	0.34%	0.32%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	-10M	-227M	-15M	-464M	0	-54M	-167M	0
Operating Income+	1.31B	1.45B	1.53B	1.75B	1.61B	1.85B	2.29B	3.74B	5.01B	5.88B
Operating Margin %	0.25%	0.26%	0.27%	0.3%	0.16%	0.12%	0.14%	0.21%	0.26%	0.29%
Operating Income Growth %	0.08%	0.1%	0.06%	0.14%	-0.08%	0.15%	0.24%	0.63%	0.34%	0.17%
EBITDA+	1.73B	1.87B	1.96B	2.3B	3.26B	5.06B	5.48B	6.91B	8.13B	8.97B
EBITDA Margin %	0.33%	0.34%	0.34%	0.39%	0.32%	0.34%	0.34%	0.39%	0.43%	0.44%
EBITDA Growth %	0.07%	0.08%	0.05%	0.17%	0.42%	0.55%	0.08%	0.26%	0.18%	0.1%
D&A (Non-Cash Add-back)	417M	421M	429M	545M	1.65B	3.21B	3.2B	3.17B	3.12B	3.1B
EBIT	1.23B	1.44B	1.53B	1.74B	1.59B	1.89B	2.36B	3.66B	4.9B	5.74B
Net Interest Income+	-169M	-170M	-173M	-189M	-473M	-709M	-693M	-733M	-976M	-1.2B
Interest Income	1M	0	2M	0	34M	7M	3M	13M	28M	43M
Interest Expense	170M	163M	175M	189M	507M	716M	696M	746M	1B	1.24B
Other Income/Expense	-222M	-23M	-142M	-188M	-497M	-681M	-522M	-607M	-1.13B	-2.06B
Pretax Income+	1.09B	1.42B	1.39B	1.56B	1.11B	1.17B	1.77B	3.13B	3.88B	3.82B
Pretax Margin %	0.21%	0.26%	0.24%	0.27%	0.11%	0.08%	0.11%	0.18%	0.2%	0.19%
Income Tax+	377M	492M	158M	378M	198M	196M	363M	551M	754M	641M
Effective Tax Rate %	0.65%	0.65%	0.9%	0.76%	0.8%	0.82%	0.76%	0.81%	0.79%	0.82%
Net Income+	712M	930M	1.25B	1.19B	893M	958M	1.33B	2.53B	3.07B	3.13B
Net Margin %	0.14%	0.17%	0.22%	0.2%	0.09%	0.06%	0.08%	0.14%	0.16%	0.15%
Net Income Growth %	-0.06%	0.31%	0.34%	-0.05%	-0.25%	0.07%	0.39%	0.9%	0.21%	0.02%
Net Income (Continuing)	712M	930M	1.23B	1.19B	914M	975M	1.4B	2.58B	3.13B	3.18B
Discontinued Operations	0	0	14M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	1.88B	999M	998M	860M	812M	618M
EPS (Diluted)+	1.50	2.08	2.89	2.87	1.71	1.40	1.99	3.90	4.98	5.38
EPS Growth %	0.01%	0.39%	0.39%	-0.01%	-0.4%	-0.18%	0.42%	0.96%	0.28%	0.08%
EPS (Basic)	1.58	2.16	3.00	2.93	1.74	1.43	2.01	3.94	5.02	5.41
Diluted Shares Outstanding	476M	447.8M	431.2M	413.7M	522.6M	683.4M	671.6M	647.9M	615.9M	582.1M
Basic Shares Outstanding	450.6M	431M	415.2M	405.5M	512.3M	672.1M	662.6M	642.3M	611.7M	578.7M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.51B	1.73B	1.98B	2.22B	17.05B	16.22B	18.87B	27.54B	34.81B	23.48B
Cash & Short-Term Investments	275M	300M	325M	415M	893M	906M	835M	902M	1.2B	1.24B
Cash Only	275M	300M	325M	415M	893M	906M	835M	902M	1.2B	1.24B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	802M	902M	997M	1.05B	2.78B	2.48B	2.86B	3.58B	3.58B	3.73B
Days Sales Outstanding	55.72	59.81	63.89	65.75	99.68	61	64.33	73.77	68.48	66.47
Inventory	0	0	76.42M	69.38M	0	0	0	0	0	0
Days Inventory Outstanding	-	-	9.22	8.25	-	-	-	-	-	-
Other Current Assets	0	0	579M	416.62M	12.44B	11.88B	14.07B	23.06B	30.02B	18.52B
Total Non-Current Assets+	7.83B	8.02B	8.31B	9.04B	60.49B	58.4B	57.38B	56.33B	56.08B	53.7B
Property, Plant & Equipment	396M	405M	390M	398M	1.61B	1.63B	1.74B	1.96B	2.79B	2.37B
Fixed Asset Turnover	13.27x	13.59x	14.61x	14.63x	6.34x	9.12x	9.31x	9.06x	6.85x	8.62x
Goodwill	5.2B	5.37B	5.59B	5.7B	36.04B	36.32B	36.43B	36.81B	37.2B	36.58B
Intangible Assets	1.87B	1.83B	1.88B	2.14B	17.64B	15.36B	14.01B	12.41B	11.21B	9.94B
Long-Term Investments	45.25M	36.27M	30.35M	23.78M	2.72B	2.76B	2.56B	2.4B	2.26B	1.51B
Other Non-Current Assets	320.21M	288.42M	452M	756.6M	1.95B	1.64B	1.82B	1.83B	2.61B	3.29B
Total Assets+	9.34B	9.74B	10.29B	11.26B	77.54B	74.62B	76.25B	83.87B	90.89B	77.18B
Asset Turnover	0.56x	0.57x	0.55x	0.52x	0.13x	0.20x	0.21x	0.21x	0.21x	0.27x
Asset Growth %	0%	0.04%	0.06%	0.09%	5.89%	-0.04%	0.02%	0.1%	0.08%	-0.15%
Total Current Liabilities+	1.5B	1.82B	1.94B	2.01B	15.73B	15.64B	18.3B	26.46B	33.55B	22.16B
Accounts Payable	74M	110M	80M	127M	392M	437M	593M	652M	449M	511M
Days Payables Outstanding	9.29	13.57	9.66	15.1	26.95	20.42	26.63	29.78	21.37	23.28
Short-Term Debt	5M	95M	3M	4M	150M	144M	240M	198M	442M	784M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	224M	489M	379M	498M	12.25B	11.65B	14.04B	21.76B	30.46B	15.82B
Current Ratio	1.00x	0.95x	1.02x	1.11x	1.08x	1.04x	1.03x	1.04x	1.04x	1.06x
Quick Ratio	1.00x	0.95x	0.98x	1.07x	1.08x	1.04x	1.03x	1.04x	1.04x	1.06x
Cash Conversion Cycle	-	-	63.46	58.9	-	-	-	-	-	-
Total Non-Current Liabilities+	5.18B	5.38B	5.62B	6.96B	26.95B	25.65B	26B	25.72B	26.67B	27.33B
Long-Term Debt	4.29B	4.47B	4.9B	5.96B	21.36B	19.8B	20.2B	20.41B	21.93B	23.07B
Capital Lease Obligations	0	0	0	5M	247M	504M	528M	539M	1.09B	656M
Deferred Tax Liabilities	726M	762M	552M	745M	4.25B	4.39B	4.17B	3.6B	3.08B	2.48B
Other Non-Current Liabilities	164M	153M	171M	254M	941M	777M	878M	936M	313M	863M
Total Liabilities	6.68B	7.2B	7.56B	8.97B	42.68B	41.29B	44.3B	52.18B	60.22B	49.49B
Total Debt+	4.29B	4.56B	4.9B	5.96B	21.9B	20.68B	21.24B	21.54B	23.9B	24.96B
Net Debt	4.02B	4.26B	4.58B	5.54B	21.01B	19.78B	20.4B	20.64B	22.7B	23.72B
Debt / Equity	1.61x	1.80x	1.79x	2.60x	0.63x	0.62x	0.66x	0.68x	0.78x	0.90x
Debt / EBITDA	2.48x	2.44x	2.50x	2.59x	6.72x	4.09x	3.87x	3.12x	2.94x	2.78x
Net Debt / EBITDA	2.33x	2.28x	2.33x	2.41x	6.44x	3.91x	3.72x	2.99x	2.79x	2.64x
Interest Coverage	7.71x	8.87x	8.75x	9.28x	3.17x	2.59x	3.29x	5.01x	4.99x	4.75x
Total Equity+	2.66B	2.54B	2.73B	2.29B	34.86B	33.33B	31.95B	31.69B	30.67B	27.69B
Equity Growth %	-0.19%	-0.04%	0.07%	-0.16%	14.2%	-0.04%	-0.04%	-0.01%	-0.03%	-0.1%
Book Value per Share	5.59	5.67	6.33	5.54	66.70	48.77	47.57	48.91	49.80	47.56
Total Shareholders' Equity	2.66B	2.54B	2.73B	2.29B	32.98B	32.33B	30.95B	30.83B	29.86B	27.07B
Common Stock	4M	4M	4M	8M	8M	8M	8M	8M	8M	8M
Retained Earnings	8.06B	8.99B	10.24B	11.63B	12.53B	13.44B	14.85B	17.38B	20.44B	23.57B
Treasury Stock	-6.29B	-7.4B	-8.49B	-10.34B	-3.12B	-4.38B	-6.14B	-8.38B	-12.91B	-18.18B
Accumulated OCI	-74M	-76M	-54M	-67M	-180M	-387M	-745M	-1.19B	-783M	-1.41B
Minority Interest	0	0	0	0	1.88B	999M	998M	860M	812M	618M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.35B	1.43B	1.48B	1.55B	2.93B	4.15B	4.03B	4.62B	5.16B	6.63B
Operating CF Margin %	0.26%	0.26%	0.26%	0.27%	0.29%	0.28%	0.25%	0.26%	0.27%	0.32%
Operating CF Growth %	0.03%	0.06%	0.04%	0.05%	0.89%	0.42%	-0.03%	0.14%	0.12%	0.28%
Net Income	712M	930M	1.23B	1.19B	914M	975M	1.4B	2.58B	3.07B	3.18B
Depreciation & Amortization	417M	411M	433M	556M	1.65B	3.21B	3.2B	3.17B	2.93B	3.1B
Stock-Based Compensation	65M	68M	63M	73M	229M	369M	239M	323M	342M	367M
Deferred Taxes	20M	21M	-247M	133M	47M	71M	-262M	-558M	-511M	-662M
Other Non-Cash Items	56M	-32M	17M	-228M	51M	-267M	-47M	-154M	249M	989M
Working Capital Changes	76M	33M	-15M	-169M	36M	-211M	-495M	-744M	-912M	-338M
Change in Receivables	-2M	-88M	-75M	-108M	-7M	320M	-358M	-770M	23M	-169M
Change in Inventory	41.5M	27.38M	12.1M	-2.92M	-82M	-167M	-248M	-253M	0	0
Change in Payables	148M	178M	54M	116M	238M	-146M	303M	511M	-54M	426M
Cash from Investing+	-360M	-554M	-657M	-663M	-16.6B	-341M	-1.63B	-2.11B	-1.07B	-2.4B
Capital Expenditures	-359M	-290M	-287M	-360M	-721M	-900M	-1.16B	-1.48B	-1.39B	-1.57B
CapEx % of Revenue	0.07%	0.05%	0.05%	0.06%	0.07%	0.06%	0.07%	0.08%	0.07%	0.08%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	77.55M	-9.1M	-46.3M	-150.82M	-603M	-780M	115M	138M	189M	-741M
Cash from Financing+	-1B	-852M	-820M	-842M	14.19B	-3.84B	-761M	-2.48B	-4.36B	-4.17B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	32M	51M	0	70M	-209M	-100M	1.59B	53M	-726M	-90M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	987M	1.14B	1.2B	1.19B	2.07B	3.25B	2.87B	3.14B	3.77B	5.06B
FCF Margin %	0.19%	0.21%	0.21%	0.2%	0.2%	0.22%	0.18%	0.18%	0.2%	0.25%
FCF Growth %	-0.03%	0.16%	0.05%	-0%	0.74%	0.57%	-0.11%	0.09%	0.2%	0.34%
FCF per Share	2.07	2.55	2.77	2.88	3.97	4.75	4.28	4.84	6.13	8.70
FCF Conversion (FCF/Net Income)	1.89x	1.54x	1.19x	1.31x	3.28x	4.33x	3.02x	1.83x	1.68x	2.12x
Interest Paid	150M	147M	160M	165M	291M	673M	648M	703M	879M	1.15B
Taxes Paid	306M	408M	409M	259M	197M	156M	666M	709M	1.22B	1.17B

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	23.91%	35.76%	47.27%	47.25%	4.81%	2.81%	4.09%	7.95%	9.84%	10.73%
Return on Invested Capital (ROIC)	14.59%	16.08%	16.29%	17.36%	3.79%	2.55%	3.25%	5.36%	7.12%	8.42%
Gross Margin	44.63%	46.25%	46.91%	47.3%	47.88%	47.4%	49.91%	54.94%	59.83%	60.83%
Net Margin	13.55%	16.89%	21.88%	20.38%	8.77%	6.45%	8.22%	14.26%	16.07%	15.31%
Debt / Equity	1.61x	1.80x	1.79x	2.60x	0.63x	0.62x	0.66x	0.68x	0.78x	0.90x
Interest Coverage	7.71x	8.87x	8.75x	9.28x	3.17x	2.59x	3.29x	5.01x	4.99x	4.75x
FCF Conversion	1.89x	1.54x	1.19x	1.31x	3.28x	4.33x	3.02x	1.83x	1.68x	2.12x
Revenue Growth	3.71%	4.78%	3.47%	2.23%	74.94%	45.79%	9.25%	9.31%	7.65%	7.14%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Processing And Services	-	-	-	1.06B	1.87B	-	-	-	-	16.64B
Processing And Services Growth	-	-	-	-	76.15%	-	-	-	-	-
Product	-	-	-	38M	40M	61.9M	-	-	-	3.82B
Product Growth	-	-	-	-	5.26%	54.75%	-	-	-	-
Acceptance	-	-	-	-	-	-	-	-	6.94B	-
Acceptance Growth	-	-	-	-	-	-	-	-	-	-
Payments And Industry Products	2.16B	2.33B	2.48B	-	-	-	-	-	6.7B	-
Payments And Industry Products Growth	-	8.11%	6.08%	-	-	-	-	-	-	-
Fintech	-	-	-	-	-	-	-	-	3.17B	-
Fintech Growth	-	-	-	-	-	-	-	-	-	-
Processing	-	-	-	-	-	-	11.58B	12.56B	-	-
Processing Growth	-	-	-	-	-	-	-	8.47%	-	-
Hardware, Print, And Card Production	-	-	-	-	-	-	1.79B	2B	-	-
Hardware, Print, And Card Production Growth	-	-	-	-	-	-	-	11.70%	-	-
Output Solutions Postage	-	-	-	-	-	-	860M	989M	-	-
Output Solutions Postage Growth	-	-	-	-	-	-	-	15.00%	-	-
Professional Services	-	-	-	-	-	-	779M	783M	-	-
Professional Services Growth	-	-	-	-	-	-	-	0.51%	-	-
Software Maintenance	-	-	-	-	-	-	568M	577M	-	-
Software Maintenance Growth	-	-	-	-	-	-	-	1.58%	-	-
License And Termination Fees	-	-	-	-	-	-	298M	435M	-	-
License And Termination Fees Growth	-	-	-	-	-	-	-	45.97%	-	-
Product and Service, Other	-	-	-	-	-	-	350M	392M	-	-
Product and Service, Other Growth	-	-	-	-	-	-	-	12.00%	-	-
Service	-	-	-	-	-	328.46M	-	-	-	-
Service Growth	-	-	-	-	-	-	-	-	-	-
Financial Institution Services	2.26B	2.29B	2.35B	-	-	-	-	-	-	-
Financial Institution Services Growth	-	1.29%	2.71%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
United States	-	-	-	-	-	155.24M	-	-	-	-
United States Growth	-	-	-	-	-	-	-	-	-	-
EMEA	-	-	-	-	-	101.69M	-	-	-	-
EMEA Growth	-	-	-	-	-	-	-	-	-	-
Latin America	-	-	-	-	-	87.52M	-	-	-	-
Latin America Growth	-	-	-	-	-	-	-	-	-	-
Asia Pacific	-	-	-	-	-	34.09M	-	-	-	-
Asia Pacific Growth	-	-	-	-	-	-	-	-	-	-
Other Geographical Areas	-	-	-	-	-	11.81M	-	-	-	-
Other Geographical Areas Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Fiserv, Inc. (FISV) has a price-to-earnings (P/E) ratio of 12.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Fiserv, Inc. (FISV) reported $21.16B in revenue for fiscal year 2024. This represents a 393% increase from $4.29B in 2011.

Fiserv, Inc. (FISV) grew revenue by 7.1% over the past year. This is steady growth.

Yes, Fiserv, Inc. (FISV) is profitable, generating $3.61B in net income for fiscal year 2024 (15.3% net margin).

Dividend & Returns

Fiserv, Inc. (FISV) has a return on equity (ROE) of 10.7%. This is reasonable for most industries.

Fiserv, Inc. (FISV) generated $5.94B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...