Fiserv (FI) Financials

$166.63 +7.50 (+4.71%)

Closing price 05/16/2025 03:59 PM Eastern

Extended Trading

$164.20 -2.43 (-1.46%)

As of 05/16/2025 07:59 PM Eastern

Annual Income Statements for Fiserv

This table shows Fiserv's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	3,131	3,068	2,530	1,334	958	893	1,187	1,246	930	712
Consolidated Net Income / (Loss)	3,180	3,129	2,582	1,403	975	914	1,187	1,246	930	712
Net Income / (Loss) Continuing Operations	3,180	3,129	2,582	1,403	975	914	1,187	1,232	930	712
Total Pre-Tax Income	4,506	3,898	2,913	1,666	1,171	1,083	1,555	1,358	1,275	1,057
Total Operating Income	5,879	5,014	3,740	2,288	1,852	1,609	1,753	1,532	1,445	1,311
Total Gross Profit	12,443	11,423	9,745	8,098	7,040	4,878	2,754	2,672	2,546	2,345
Total Revenue	20,456	19,093	17,737	16,226	14,852	10,187	5,823	5,696	5,505	5,254
Operating Revenue	20,456	19,093	17,737	16,226	14,852	10,187	5,823	5,696	5,505	5,254
Total Cost of Revenue	8,013	7,670	7,992	8,128	7,812	5,309	3,069	3,024	2,959	2,909
Operating Cost of Revenue	8,013	7,670	7,992	8,128	7,812	5,309	3,069	3,024	2,959	2,909
Total Operating Expenses	6,564	6,409	6,005	5,810	5,188	3,269	1,001	1,140	1,101	1,034
Selling, General & Admin Expense	6,564	6,576	6,059	5,810	5,652	3,284	1,228	1,150	1,101	1,034
Other Special Charges / (Income)	0.00	-167	-54	0.00	-464	-	-	-	-	-
Total Other Income / (Expense), net	-1,373	-1,116	-827	-622	-681	-526	-198	-174	-170	-254
Interest & Investment Income	-1,195	-976	-733	-	-	-	-	-	-7.00	1.00
Other Income / (Expense), net	-178	-140	-94	71	28	-6.00	5.00	1.00	-	-
Income Tax Expense	641	754	551	363	196	198	378	158	492	377
Other Gains / (Losses), net	-685	-15	220	100	0.00	29	10	32	147	32
Net Income / (Loss) Attributable to Noncontrolling Interest	49	61	52	69	17	21	0.00	0.00	-	-
Basic Earnings per Share	$5.41	$5.02	$3.94	$2.01	$1.42	$1.74	$2.93	$2.95	$2.11	$3.04
Weighted Average Basic Shares Outstanding	578.70M	611.70M	642.30M	662.60M	672.10M	512.30M	405.50M	422.30M	440.60M	233.90M
Diluted Earnings per Share	$5.38	$4.98	$3.91	$1.99	$1.40	$1.71	$2.87	$2.89	$2.08	$2.99
Weighted Average Diluted Shares Outstanding	582.10M	615.90M	647.90M	671.60M	683.40M	522.60M	413.70M	431.30M	447.80M	238M
Weighted Average Basic & Diluted Shares Outstanding	561.29M	590.40M	628.13M	652.20M	669.46M	679.10M	423.90M	422.40M	220.40M	234.20M

This table shows Fiserv's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	851	938	564	894	735	870	952	683	563	782	481
Consolidated Net Income / (Loss)	848	948	571	909	752	889	969	695	576	798	493
Net Income / (Loss) Continuing Operations	848	948	571	909	752	889	969	695	576	798	493
Total Pre-Tax Income	1,046	1,184	1,271	1,138	913	1,103	1,210	873	712	969	652
Total Operating Income	1,395	1,668	1,602	1,428	1,181	1,446	1,503	1,131	934	1,179	855
Total Gross Profit	3,057	3,232	3,208	3,125	2,878	3,075	2,979	2,827	2,542	2,651	2,522
Total Revenue	5,130	5,251	5,215	5,107	4,883	4,917	4,873	4,756	4,547	4,631	4,518
Operating Revenue	5,130	5,251	5,215	5,107	4,883	4,917	4,873	4,756	4,547	4,631	4,518
Total Cost of Revenue	2,073	2,019	2,007	1,982	2,005	1,842	1,894	1,929	2,005	1,980	1,996
Operating Cost of Revenue	2,073	2,019	2,007	1,982	2,005	1,842	1,894	1,929	2,005	1,980	1,996
Total Operating Expenses	1,662	1,564	1,606	1,697	1,697	1,629	1,476	1,696	1,608	1,472	1,667
Selling, General & Admin Expense	1,682	1,564	1,606	1,697	1,697	1,624	1,652	1,696	1,604	1,499	1,547
Other Special Charges / (Income)	-20	-	0.00	0.00	0.00	5.00	-176	0.00	4.00	-27	120
Total Other Income / (Expense), net	-349	-484	-331	-290	-268	-343	-293	-258	-222	-210	-203
Interest Expense	331	-	326	285	261	-	258	232	202	-	190
Other Income / (Expense), net	-18	-161	-5.00	-5.00	-7.00	-59	-35	-26	-20	-11	-13
Income Tax Expense	190	193	74	221	153	210	239	181	124	169	147
Other Gains / (Losses), net	-8.00	-43	-626	-8.00	-8.00	-4.00	-2.00	3.00	-12	-2.00	-12
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.00	10	7.00	15	17	19	17	12	13	16	12
Basic Earnings per Share	$1.52	$1.66	$0.98	$1.53	$1.24	$1.44	$1.57	$1.11	$0.90	$1.23	$0.75
Weighted Average Basic Shares Outstanding	561.30M	578.70M	573.70M	582.70M	590.90M	611.70M	606.20M	615.40M	626.90M	642.30M	639.60M
Diluted Earnings per Share	$1.51	$1.63	$0.98	$1.53	$1.24	$1.43	$1.56	$1.10	$0.89	$1.22	$0.75
Weighted Average Diluted Shares Outstanding	564.70M	582.10M	576.90M	585.40M	594.80M	615.90M	610.30M	619.20M	631.30M	647.90M	645M
Weighted Average Basic & Diluted Shares Outstanding	554.43M	561.29M	568.92M	575.73M	585.10M	590.40M	600.19M	609.61M	617.31M	628.13M	635.03M

This table details how cash moves in and out of Fiserv's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	30	-229	-13	636	391	1,489	90	25	25	-19
Net Cash From Operating Activities	6,631	5,162	4,618	4,034	4,147	2,795	1,552	1,483	1,431	1,346
Net Cash From Continuing Operating Activities	6,631	5,162	4,618	4,034	4,147	2,795	1,552	1,483	1,431	1,346
Net Income / (Loss) Continuing Operations	3,180	3,129	2,582	1,403	975	914	1,187	1,232	930	712
Consolidated Net Income / (Loss)	3,180	3,129	2,582	1,403	975	914	1,187	1,246	930	712
Depreciation Expense	1,672	1,479	1,320	1,158	1,077	615	382	270	263	223
Amortization Expense	1,466	1,683	1,892	2,090	2,180	1,163	174	174	158	194
Non-Cash Adjustments To Reconcile Net Income	1,063	75	-168	-81	-218	-6.00	-296	55	24	122
Changes in Operating Assets and Liabilities, net	-750	-1,204	-1,008	-536	133	109	105	-248	56	95
Net Cash From Investing Activities	-2,404	-1,068	-2,112	-1,630	-341	-15,680	-663	-657	-554	-360
Net Cash From Continuing Investing Activities	-2,404	-1,068	-2,112	-1,630	-341	-15,680	-663	-657	-554	-360
Purchase of Property, Plant & Equipment	-1,569	-1,388	-1,479	-1,160	-900	-721	-360	-287	-290	-359
Acquisitions	0.00	-13	-988	-848	-139	-15,083	-712	-384	-265	0.00
Purchase of Investments	-155	-39	-52	-256	-1.00	-45	-3.00	-10	-1.00	-4.00
Sale of Property, Plant & Equipment	0.00	234	246	0.00	579	-	-	-	-	-
Sale and/or Maturity of Investments	121	141	161	634	120	113	0.00	0.00	-	-
Other Investing Activities, net	-801	-3.00	0.00	0.00	-	5.00	-7.00	7.00	2.00	3.00
Net Cash From Financing Activities	-4,165	-4,356	-2,478	-1,741	-3,431	14,373	-842	-820	-852	-1,005
Net Cash From Continuing Financing Activities	-4,165	-4,356	-2,478	-1,741	-3,431	14,373	-842	-820	-852	-1,005
Repayment of Debt	-5,150	-4,545	-1,452	-6,142	-10,918	-5,303	-4,010	-1,985	-1,863	-2,713
Repurchase of Common Equity	-5,837	-4,827	-2,677	-2,786	-1,826	-561	-1,946	-1,223	-1,245	-1,522
Payment of Dividends	-55	-90	-42	-62	-104	-118	0.00	0.00	-	-
Issuance of Debt	6,783	5,567	1,624	6,435	8,897	20,030	5,039	2,310	2,126	3,121
Issuance of Common Equity	97	101	149	140	133	156	75	78	79	71
Other Financing Activities, net	-3.00	-562	-80	674	387	169	-	-	51	38
Effect of Exchange Rate Changes	-32	33	-41	-27	16	-	-	-	-	-

This table details how cash moves in and out of Fiserv's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	376	-480	671	-389	228	-42	149	-20	-316	-183	312
Net Cash From Operating Activities	648	2,221	2,238	1,341	831	1,595	1,559	878	1,130	1,633	1,180
Net Cash From Continuing Operating Activities	648	2,221	2,238	1,341	831	1,595	1,559	878	1,130	1,633	1,180
Net Income / (Loss) Continuing Operations	848	948	571	909	752	889	969	695	576	798	493
Consolidated Net Income / (Loss)	848	948	571	909	752	889	969	695	576	798	493
Depreciation Expense	437	424	433	414	401	386	376	365	352	338	340
Amortization Expense	342	344	356	382	384	392	403	445	443	443	461
Non-Cash Adjustments To Reconcile Net Income	88	294	639	71	59	99	-150	72	54	9.00	162
Changes in Operating Assets and Liabilities, net	-1,067	211	239	-435	-765	-171	-39	-699	-295	45	-276
Net Cash From Investing Activities	-925	-664	-533	-810	-397	-358	-97	-299	-314	-578	-374
Net Cash From Continuing Investing Activities	-925	-664	-533	-810	-397	-358	-97	-299	-314	-578	-374
Purchase of Property, Plant & Equipment	-335	-399	-402	-348	-420	-354	-355	-340	-339	-331	-430
Acquisitions	-316	-	-	-	-	-	-	-	-	-306	-14
Purchase of Investments	-32	-118	-2.00	-32	-3.00	-24	-4.00	-6.00	-5.00	-7.00	-15
Sale and/or Maturity of Investments	0.00	9.00	65	22	25	31	31	45	34	38	42
Other Investing Activities, net	-242	-156	-194	-452	1.00	-	-1.00	2.00	-4.00	-	-
Net Cash From Financing Activities	627	-1,980	-1,071	-925	-189	-1,320	-1,286	-601	-1,149	-1,281	-443
Net Cash From Continuing Financing Activities	627	-1,980	-1,071	-925	-189	-1,320	-1,286	-601	-1,149	-1,281	-443
Repayment of Debt	1,745	-800	-3,410	542	-1,482	-784	-1,960	-550	-1,251	-534	-190
Repurchase of Common Equity	-2,352	-1,346	-1,261	-1,556	-1,674	-1,037	-1,187	-1,073	-1,530	-768	-831
Payment of Dividends	0.00	-7.00	-7.00	-7.00	-34	-12	-64	-6.00	-8.00	-12	-8.00
Issuance of Debt	776	642	2,952	446	2,743	379	2,028	1,089	2,071	174	259
Issuance of Common Equity	24	18	21	19	39	33	15	24	29	53	24
Other Financing Activities, net	434	-487	634	-369	219	101	-118	-85	-460	-194	303
Effect of Exchange Rate Changes	26	-57	37	5.00	-17	41	-27	2.00	17	43	-

This table presents Fiserv's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	77,176	90,890	83,869	76,249	74,619	77,539	11,262	10,289	9,743	9,340
Total Current Assets	23,477	34,811	27,544	18,870	16,219	17,046	2,224	1,975	1,728	1,506
Cash & Equivalents	1,236	1,204	902	835	906	893	415	325	300	275
Accounts Receivable	3,725	3,582	3,585	2,860	2,482	2,782	1,049	997	902	802
Prepaid Expenses	3,087	2,344	1,575	1,523	1,310	1,503	274	603	526	429
Other Current Assets	15,429	27,681	21,482	13,652	11,521	11,868	486	50	0.00	-
Plant, Property, & Equipment, net	2,374	2,161	1,958	0.00	0.00	0.00	398	390	405	396
Total Noncurrent Assets	51,325	53,918	54,367	57,379	58,400	60,493	8,640	7,924	7,610	7,438
Long-Term Investments	1,506	2,262	2,403	2,561	2,756	2,720	65	-	-	-
Goodwill	36,584	37,205	36,811	36,433	36,322	36,038	5,702	5,590	5,373	5,200
Intangible Assets	9,940	11,210	12,415	14,009	15,358	17,642	2,143	1,882	1,833	1,872
Other Noncurrent Operating Assets	3,295	3,241	2,738	4,376	3,964	4,093	730	452	404	366
Total Liabilities & Shareholders' Equity	77,176	90,890	83,869	76,249	74,619	77,539	11,262	10,289	9,743	9,340
Total Liabilities	49,490	60,221	52,181	44,299	41,290	42,682	8,969	7,558	7,202	6,680
Total Current Liabilities	22,157	33,552	26,458	18,295	15,637	15,727	2,010	1,938	1,820	1,502
Short-Term Debt	1,110	755	468	508	384	287	4.00	3.00	95	5.00
Accounts Payable	4,799	4,355	3,883	3,550	3,186	3,080	1,146	1,359	1,242	1,024
Other Current Liabilities	16,248	28,442	22,107	14,237	11,521	12,360	480	-	-	-
Total Noncurrent Liabilities	27,333	26,669	25,723	26,004	25,653	26,955	6,959	5,620	5,382	5,178
Long-Term Debt	23,730	22,363	20,950	20,729	20,300	21,612	5,955	4,897	4,467	4,288
Noncurrent Deferred & Payable Income Tax Liabilities	2,477	3,078	3,602	4,172	4,389	4,247	745	552	762	726
Other Noncurrent Operating Liabilities	1,126	1,228	1,171	1,103	777	1,096	259	171	153	164
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	161	161	278	259	262	0.00	-	-	-
Total Equity & Noncontrolling Interests	27,686	30,508	31,527	31,672	33,070	34,595	2,293	2,731	2,541	2,660
Total Preferred & Common Equity	27,068	29,857	30,828	30,952	32,330	32,979	2,293	2,731	2,541	2,660
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	27,068	29,857	30,828	30,952	32,330	32,979	2,293	2,731	2,541	2,660
Common Stock	23,088	23,111	23,019	22,991	23,651	23,749	1,065	1,039	1,024	956
Retained Earnings	23,575	20,444	17,376	14,846	13,441	12,528	11,635	10,240	8,994	8,064
Treasury Stock	-18,182	-12,915	-8,378	-6,140	-4,375	-3,118	-10,340	-8,494	-7,401	-6,286
Accumulated Other Comprehensive Income / (Loss)	-1,413	-783	-1,189	-745	-387	-180	-67	-54	-76	-74
Noncontrolling Interest	618	651	699	720	740	1,616	0.00	-	-	-

This table presents Fiserv's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	80,402	77,176	79,792	93,417	92,698	90,890	84,154	77,599	76,548	83,869	75,640
Total Current Assets	25,591	23,477	25,125	38,327	37,094	34,811	28,581	21,444	20,289	27,544	19,875
Cash & Equivalents	1,177	1,236	1,228	1,195	1,214	1,204	1,349	1,082	1,046	902	893
Accounts Receivable	3,935	3,725	3,714	3,744	3,574	3,582	3,461	3,465	3,340	3,585	3,303
Prepaid Expenses	3,646	3,087	2,749	3,263	2,595	2,344	1,986	2,076	1,762	1,575	1,484
Other Current Assets	16,833	15,429	17,434	30,125	29,711	27,681	21,785	14,821	14,141	21,482	14,195
Plant, Property, & Equipment, net	2,427	2,374	2,377	2,285	2,226	2,161	2,122	2,023	2,002	1,958	1,924
Total Noncurrent Assets	52,384	51,325	52,290	52,805	53,378	53,918	53,451	54,132	54,257	54,367	53,841
Long-Term Investments	1,538	1,506	1,585	2,210	2,220	2,262	2,259	2,316	2,362	2,403	2,390
Goodwill	36,983	36,584	37,133	36,867	37,038	37,205	36,836	37,109	37,017	36,811	36,241
Intangible Assets	10,502	9,940	10,322	10,552	10,926	11,210	11,439	11,779	11,994	12,415	12,456
Other Noncurrent Operating Assets	3,361	3,295	3,250	3,176	3,194	3,241	2,917	2,928	2,884	2,738	2,754
Total Liabilities & Shareholders' Equity	80,402	77,176	79,792	93,417	92,698	90,890	84,154	77,599	76,548	83,869	75,640
Total Liabilities	53,881	49,490	51,389	64,639	63,115	60,221	53,768	46,722	45,594	52,181	44,497
Total Current Liabilities	23,293	22,157	23,565	36,201	35,118	33,552	26,629	19,462	18,863	26,458	18,724
Short-Term Debt	1,281	1,110	1,200	1,108	671	755	649	608	461	468	528
Accounts Payable	4,339	4,799	4,161	4,187	3,957	4,355	3,590	3,359	3,569	3,883	3,456
Other Current Liabilities	17,673	16,248	18,204	30,906	30,490	28,442	22,390	15,495	14,833	22,107	14,195
Total Noncurrent Liabilities	30,588	27,333	27,824	28,438	27,997	26,669	27,139	27,260	26,731	25,723	25,773
Long-Term Debt	27,016	23,730	24,085	24,401	23,754	22,363	22,657	22,595	21,943	20,950	20,847
Noncurrent Deferred & Payable Income Tax Liabilities	2,427	2,477	2,526	2,862	3,048	3,078	3,264	3,400	3,520	3,602	3,766
Other Noncurrent Operating Liabilities	1,145	1,126	1,213	1,175	1,195	1,228	1,218	1,265	1,268	1,171	944
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	26,521	27,686	28,403	28,778	29,423	30,508	30,225	30,716	30,794	31,527	30,982
Total Preferred & Common Equity	25,884	27,068	27,751	28,154	28,801	29,857	29,573	29,991	30,077	30,828	30,326
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	25,884	27,068	27,751	28,154	28,801	29,857	29,573	29,991	30,077	30,828	30,326
Common Stock	22,829	23,088	23,011	23,022	22,869	23,111	23,064	22,996	22,954	23,019	22,967
Retained Earnings	24,426	23,575	22,637	22,073	21,179	20,444	19,574	18,622	17,939	17,376	16,594
Treasury Stock	-20,184	-18,182	-16,941	-15,744	-14,253	-12,915	-11,899	-10,727	-9,762	-8,378	-7,696
Accumulated Other Comprehensive Income / (Loss)	-1,187	-1,413	-956	-1,197	-994	-783	-1,166	-900	-1,054	-1,189	-1,539
Noncontrolling Interest	637	618	652	624	622	651	652	725	717	699	656

This table displays calculated financial ratios and metrics derived from Fiserv's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.14%	7.65%	9.31%	9.25%	45.79%	74.94%	2.23%	3.47%	4.78%	3.71%
EBITDA Growth	9.99%	17.18%	22.31%	9.15%	51.94%	46.11%	17.05%	5.95%	7.99%	7.06%
EBIT Growth	16.97%	33.68%	54.56%	25.48%	17.28%	-8.82%	14.68%	6.09%	10.22%	8.35%
NOPAT Growth	24.69%	33.36%	69.47%	16.05%	17.28%	-0.91%	-1.99%	52.55%	5.22%	10.07%
Net Income Growth	1.63%	21.19%	84.03%	43.90%	6.67%	-23.00%	-4.74%	33.98%	30.62%	-5.57%
EPS Growth	8.03%	27.37%	96.48%	42.14%	-18.13%	-40.42%	-0.69%	33.98%	30.62%	0.34%
Operating Cash Flow Growth	28.46%	11.78%	14.48%	-2.72%	48.37%	80.09%	4.65%	3.63%	6.32%	3.06%
Free Cash Flow Firm Growth	58.33%	16.59%	28.65%	-45.79%	109.84%	-5,217.64%	1.19%	11.59%	-20.28%	-5.14%
Invested Capital Growth	-1.07%	1.04%	0.02%	-1.11%	-5.25%	583.78%	6.38%	7.39%	1.87%	-1.66%
Revenue Q/Q Growth	1.66%	1.52%	2.15%	2.69%	-1.41%	32.42%	0.60%	1.51%	1.16%	1.00%
EBITDA Q/Q Growth	1.26%	2.76%	9.40%	1.17%	0.45%	25.64%	2.07%	2.59%	3.09%	0.76%
EBIT Q/Q Growth	2.15%	4.70%	19.70%	2.52%	2.06%	2.56%	0.63%	3.44%	3.29%	0.92%
NOPAT Q/Q Growth	4.71%	5.10%	21.01%	-1.57%	7.15%	4.84%	-16.63%	35.62%	2.69%	1.53%
Net Income Q/Q Growth	1.89%	3.00%	20.71%	3.09%	7.97%	-4.69%	-17.97%	36.17%	2.88%	1.14%
EPS Q/Q Growth	3.86%	4.40%	22.57%	3.11%	3.70%	7.55%	-19.83%	36.17%	2.88%	-0.99%
Operating Cash Flow Q/Q Growth	10.42%	-0.73%	6.70%	4.05%	0.19%	27.74%	7.11%	5.63%	-0.14%	3.46%
Free Cash Flow Firm Q/Q Growth	38.63%	17.52%	-8.66%	16.37%	11.21%	0.28%	-41.22%	12.21%	-0.10%	2.10%
Invested Capital Q/Q Growth	-2.14%	0.47%	1.15%	-0.49%	0.22%	0.85%	7.01%	2.38%	-1.35%	-1.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.83%	59.83%	54.94%	49.91%	47.40%	47.88%	47.30%	46.91%	46.25%	44.63%
EBITDA Margin	43.21%	42.09%	38.66%	34.56%	34.59%	33.19%	39.74%	34.71%	33.90%	32.89%
Operating Margin	28.74%	26.26%	21.09%	14.10%	12.47%	15.79%	30.10%	26.90%	26.25%	24.95%
EBIT Margin	27.87%	25.53%	20.56%	14.54%	12.66%	15.74%	30.19%	26.91%	26.25%	24.95%
Profit (Net Income) Margin	15.55%	16.39%	14.56%	8.65%	6.56%	8.97%	20.38%	21.88%	16.89%	13.55%
Tax Burden Percent	70.57%	80.27%	88.64%	84.21%	83.26%	84.40%	76.33%	91.75%	72.94%	67.36%
Interest Burden Percent	79.04%	79.98%	79.90%	70.62%	62.29%	67.56%	88.45%	88.58%	88.24%	80.63%
Effective Tax Rate	14.23%	19.34%	18.92%	21.79%	16.74%	18.28%	24.31%	11.63%	38.59%	35.67%
Return on Invested Capital (ROIC)	10.07%	8.08%	6.09%	3.57%	2.98%	4.32%	17.60%	19.19%	13.17%	12.52%
ROIC Less NNEP Spread (ROIC-NNEP)	1.15%	3.23%	3.58%	1.36%	-0.23%	0.94%	14.82%	16.75%	14.19%	9.03%
Return on Net Nonoperating Assets (RNNOA)	0.82%	1.96%	2.02%	0.72%	-0.12%	0.60%	29.65%	28.08%	22.60%	11.39%
Return on Equity (ROE)	10.90%	10.04%	8.11%	4.30%	2.86%	4.92%	47.25%	47.27%	35.76%	23.91%
Cash Return on Invested Capital (CROIC)	11.15%	7.04%	6.07%	4.69%	8.38%	-144.65%	11.42%	12.06%	11.31%	14.20%
Operating Return on Assets (OROA)	6.78%	5.58%	4.55%	3.13%	2.47%	3.61%	16.31%	15.31%	15.14%	14.06%
Return on Assets (ROA)	3.78%	3.58%	3.23%	1.86%	1.28%	2.06%	11.02%	12.44%	9.75%	7.64%
Return on Common Equity (ROCE)	10.63%	9.77%	7.88%	4.17%	2.74%	4.67%	47.25%	47.27%	35.76%	23.91%
Return on Equity Simple (ROE_SIMPLE)	11.75%	10.48%	8.38%	4.53%	3.02%	2.77%	51.77%	45.62%	36.60%	26.77%
Net Operating Profit after Tax (NOPAT)	5,043	4,044	3,033	1,789	1,542	1,315	1,327	1,354	887	843
NOPAT Margin	24.65%	21.18%	17.10%	11.03%	10.38%	12.91%	22.79%	23.77%	16.12%	16.05%
Net Nonoperating Expense Percent (NNEP)	8.92%	4.85%	2.51%	2.22%	3.21%	3.37%	2.78%	2.44%	-1.03%	3.50%
Return On Investment Capital (ROIC_SIMPLE)	9.60%	7.54%	5.73%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	39.17%	40.17%	45.06%	50.09%	52.60%	52.12%	52.70%	53.09%	53.75%	55.37%
SG&A Expenses to Revenue	32.09%	34.44%	34.16%	35.81%	38.06%	32.24%	21.09%	20.19%	20.00%	19.68%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.09%	33.57%	33.86%	35.81%	34.93%	32.09%	17.19%	20.01%	20.00%	19.68%
Earnings before Interest and Taxes (EBIT)	5,701	4,874	3,646	2,359	1,880	1,603	1,758	1,533	1,445	1,311
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	8,839	8,036	6,858	5,607	5,137	3,381	2,314	1,977	1,866	1,728
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.32	2.67	2.08	2.21	2.36	2.38	12.77	5.00	4.54	3.93
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.71	4.18	3.62	4.22	5.14	7.72	5.03	2.40	2.10	1.99
Price to Earnings (P/E)	37.33	25.99	25.37	51.37	79.68	88.04	24.67	10.97	12.40	14.68
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.68%	3.85%	3.94%	1.95%	1.26%	1.14%	4.05%	9.12%	8.06%	6.81%
Enterprise Value to Invested Capital (EV/IC)	2.80	1.99	1.67	1.75	1.87	1.86	4.47	2.50	2.32	2.17
Enterprise Value to Revenue (EV/Rev)	6.82	5.25	4.69	5.38	6.35	9.70	5.97	3.20	2.87	2.75
Enterprise Value to EBITDA (EV/EBITDA)	15.79	12.47	12.13	15.58	18.37	29.22	15.02	9.23	8.47	8.37
Enterprise Value to EBIT (EV/EBIT)	24.48	20.56	22.81	37.03	50.19	61.62	19.77	11.90	10.93	11.04
Enterprise Value to NOPAT (EV/NOPAT)	27.68	24.77	27.42	48.82	61.19	75.13	26.20	13.47	17.80	17.16
Enterprise Value to Operating Cash Flow (EV/OCF)	21.05	19.41	18.01	21.66	22.75	35.34	22.40	12.30	11.04	10.75
Enterprise Value to Free Cash Flow (EV/FCFF)	25.02	28.43	27.51	37.18	21.77	0.00	40.38	21.44	20.72	15.13
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.90	0.75	0.68	0.66	0.62	0.63	2.60	1.79	1.80	1.61
Long-Term Debt to Equity	0.86	0.73	0.66	0.65	0.61	0.62	2.60	1.79	1.76	1.61
Financial Leverage	0.72	0.61	0.57	0.53	0.52	0.64	2.00	1.68	1.59	1.26
Leverage Ratio	2.88	2.80	2.52	2.31	2.23	2.39	4.29	3.80	3.67	3.13
Compound Leverage Factor	2.28	2.24	2.01	1.63	1.39	1.61	3.79	3.37	3.24	2.52
Debt to Total Capital	47.29%	42.98%	40.33%	39.93%	38.29%	38.58%	72.21%	64.21%	64.23%	61.74%
Short-Term Debt to Total Capital	2.11%	1.40%	0.88%	0.96%	0.71%	0.51%	0.05%	0.04%	1.34%	0.07%
Long-Term Debt to Total Capital	45.18%	41.58%	39.45%	38.97%	37.58%	38.08%	72.16%	64.17%	62.89%	61.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.18%	1.51%	1.62%	1.88%	1.85%	3.31%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	51.53%	55.51%	58.05%	58.19%	59.86%	58.11%	27.79%	35.79%	35.77%	38.26%
Debt to EBITDA	2.81	2.88	3.12	3.79	4.03	6.48	2.58	2.48	2.44	2.48
Net Debt to EBITDA	2.50	2.45	2.64	3.18	3.31	5.41	2.37	2.31	2.28	2.33
Long-Term Debt to EBITDA	2.68	2.78	3.05	3.70	3.95	6.39	2.57	2.48	2.39	2.48
Debt to NOPAT	4.93	5.72	7.06	11.87	13.41	16.66	4.49	3.62	5.14	5.09
Net Debt to NOPAT	4.38	4.86	5.97	9.97	11.04	13.91	4.13	3.38	4.80	4.76
Long-Term Debt to NOPAT	4.71	5.53	6.91	11.58	13.16	16.44	4.49	3.62	5.03	5.08
Altman Z-Score	2.37	1.51	1.40	1.52	1.65	1.55	4.46	3.53	3.30	3.17
Noncontrolling Interest Sharing Ratio	2.45%	2.68%	2.92%	3.06%	4.22%	5.06%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.06	1.04	1.04	1.03	1.04	1.08	1.11	1.02	0.95	1.00
Quick Ratio	0.22	0.14	0.17	0.20	0.22	0.23	0.73	0.68	0.66	0.72
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,580	3,524	3,023	2,349	4,334	-44,056	861	851	762	956
Operating Cash Flow to CapEx	422.63%	447.31%	374.53%	347.76%	1,291.90%	387.66%	431.11%	516.72%	493.45%	374.93%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	3.39	6.11	-84.72	4.24	4.86	4.68	3.75
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	5.82	5.85	5.38	7.65	8.47	8.78	5.28
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	4.15	5.40	3.99	5.87	6.83	7.00	3.87
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.22	0.22	0.22	0.20	0.23	0.54	0.57	0.58	0.56
Accounts Receivable Turnover	5.60	5.33	5.50	6.07	5.64	5.32	5.69	6.00	6.46	6.57
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	9.02	9.27	0.00	0.00	0.00	0.00	14.78	14.33	13.75	14.74
Accounts Payable Turnover	1.75	1.86	2.15	2.41	2.49	2.51	2.45	2.33	2.61	3.02
Days Sales Outstanding (DSO)	65.19	68.51	66.31	60.08	64.68	68.63	64.12	60.84	56.49	55.58
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	208.49	196.02	169.74	151.25	146.38	145.27	148.96	156.97	139.76	121.02
Cash Conversion Cycle (CCC)	-143.30	-127.51	-103.42	-91.16	-81.70	-76.64	-84.84	-96.13	-83.27	-65.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	49,784	50,321	49,801	49,791	50,351	53,143	7,772	7,306	6,803	6,678
Invested Capital Turnover	0.41	0.38	0.36	0.32	0.29	0.33	0.77	0.81	0.82	0.78
Increase / (Decrease) in Invested Capital	-537	520	10	-560	-2,792	45,371	466	503	125	-113
Enterprise Value (EV)	139,583	100,193	83,155	87,364	94,357	98,780	34,763	18,239	15,796	14,469
Market Capitalization	116,867	79,729	64,182	68,525	76,336	78,616	29,284	13,664	11,534	10,451
Book Value per Share	$47.58	$49.75	$48.55	$46.88	$48.22	$48.51	$5.75	$13.10	$11.71	$11.64
Tangible Book Value per Share	($34.20)	($30.92)	($28.97)	($29.52)	($28.86)	($30.45)	($13.93)	($22.75)	($21.49)	($19.31)
Total Capital	52,526	53,787	53,106	53,187	54,013	56,756	8,252	7,631	7,103	6,953
Total Debt	24,840	23,118	21,418	21,237	20,684	21,899	5,959	4,900	4,562	4,293
Total Long-Term Debt	23,730	22,363	20,950	20,729	20,300	21,612	5,955	4,897	4,467	4,288
Net Debt	22,098	19,652	18,113	17,841	17,022	18,286	5,479	4,575	4,262	4,018
Capital Expenditures (CapEx)	1,569	1,154	1,233	1,160	321	721	360	287	290	359
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,194	810	652	248	60	713	-197	-285	-297	-266
Debt-free Net Working Capital (DFNWC)	2,430	2,014	1,554	1,083	966	1,606	218	40	3.00	9.00
Net Working Capital (NWC)	1,320	1,259	1,086	575	582	1,319	214	37	-92	4.00
Net Nonoperating Expense (NNE)	1,863	915	451	386	567	401	140	108	-43	131
Net Nonoperating Obligations (NNO)	22,098	19,652	18,113	17,841	17,022	18,286	5,479	4,575	4,262	4,018
Total Depreciation and Amortization (D&A)	3,138	3,162	3,212	3,248	3,257	1,778	556	444	421	417
Debt-free, Cash-free Net Working Capital to Revenue	5.84%	4.24%	3.68%	1.53%	0.40%	7.00%	-3.38%	-5.00%	-5.40%	-5.06%
Debt-free Net Working Capital to Revenue	11.88%	10.55%	8.76%	6.67%	6.50%	15.77%	3.74%	0.70%	0.05%	0.17%
Net Working Capital to Revenue	6.45%	6.59%	6.12%	3.54%	3.92%	12.95%	3.68%	0.65%	-1.67%	0.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$5.41	$5.02	$3.94	$2.01	$1.42	$1.74	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	578.70M	611.70M	642.30M	662.60M	672.10M	512.30M	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$5.38	$4.98	$3.91	$1.99	$1.40	$1.71	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	582.10M	615.90M	647.90M	671.60M	683.40M	522.60M	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	561.29M	590.40M	628.13M	652.20M	669.46M	679.10M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	5,043	3,909	2,989	1,789	1,156	1,315	1,327	1,354	887	843
Normalized NOPAT Margin	24.65%	20.48%	16.85%	11.03%	7.78%	12.91%	22.79%	23.77%	16.12%	16.05%
Pre Tax Income Margin	22.03%	20.42%	16.42%	10.27%	7.88%	10.63%	26.70%	23.84%	23.16%	20.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	3.40	2.65	3.08	8.66	8.76	8.87	5.14
NOPAT to Interest Expense	0.00	0.00	0.00	2.58	2.17	2.53	6.54	7.74	5.44	3.31
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	1.73	2.20	1.70	6.89	7.12	7.09	3.73
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.91	1.72	1.14	4.76	6.10	3.67	1.90
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	1.73%	2.88%	1.63%	4.42%	10.67%	12.91%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	185.28%	157.14%	105.31%	202.99%	197.95%	74.29%	163.94%	98.15%	133.87%	213.76%

This table displays calculated financial ratios and metrics derived from Fiserv's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.06%	6.79%	7.02%	7.38%	7.39%	6.18%	7.86%	6.88%	9.88%	8.79%	8.53%
EBITDA Growth	10.06%	5.08%	6.19%	15.87%	14.63%	11.08%	36.76%	18.65%	3.45%	43.31%	11.69%
EBIT Growth	17.29%	8.65%	8.79%	28.78%	28.45%	18.75%	74.35%	39.17%	8.55%	105.63%	29.54%
NOPAT Growth	16.12%	19.25%	25.09%	28.35%	27.45%	20.27%	82.13%	33.94%	6.69%	116.97%	17.39%
Net Income Growth	12.77%	6.64%	-41.07%	30.79%	30.56%	11.40%	96.55%	14.12%	-15.54%	124.79%	10.54%
EPS Growth	21.77%	13.99%	-37.18%	39.09%	39.33%	17.21%	108.00%	19.57%	-12.75%	144.00%	17.19%
Operating Cash Flow Growth	-22.02%	39.25%	43.55%	52.73%	-26.46%	-2.33%	32.12%	-11.31%	38.65%	21.59%	74.04%
Free Cash Flow Firm Growth	-207.88%	197.08%	100.97%	217.41%	-39.28%	-32.46%	-75.63%	-62.06%	-47.85%	-4.49%	91.50%
Invested Capital Growth	3.02%	-1.07%	1.58%	0.39%	1.25%	1.04%	1.72%	1.19%	0.36%	0.02%	-1.60%
Revenue Q/Q Growth	-2.30%	0.69%	2.11%	4.59%	-0.69%	0.90%	2.46%	4.60%	-1.81%	2.50%	1.53%
EBITDA Q/Q Growth	-5.23%	-4.65%	7.53%	13.27%	-9.52%	-3.65%	17.34%	12.05%	-12.31%	18.62%	1.80%
EBIT Q/Q Growth	-8.63%	-5.64%	12.23%	21.21%	-15.36%	-5.52%	32.85%	20.90%	-21.75%	38.72%	6.05%
NOPAT Q/Q Growth	-18.23%	-7.46%	31.12%	17.05%	-16.03%	-2.94%	34.54%	16.23%	-20.76%	46.98%	-1.06%
Net Income Q/Q Growth	-10.55%	66.02%	-37.18%	20.88%	-15.41%	-8.26%	39.42%	20.66%	-27.82%	61.87%	-19.05%
EPS Q/Q Growth	-7.36%	66.33%	-35.95%	23.39%	-13.29%	-8.33%	41.82%	23.60%	-27.05%	62.67%	-18.48%
Operating Cash Flow Q/Q Growth	-70.82%	-0.76%	66.89%	61.37%	-47.90%	2.31%	77.56%	-22.30%	-30.80%	38.39%	19.19%
Free Cash Flow Firm Q/Q Growth	-120.04%	169.34%	-24.50%	164.75%	-44.81%	82.20%	19.24%	-49.35%	-38.62%	-34.25%	85.62%
Invested Capital Q/Q Growth	4.66%	-2.14%	-0.01%	0.61%	0.50%	0.47%	-1.18%	1.47%	0.30%	1.15%	-1.70%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	59.59%	61.55%	61.51%	61.19%	58.94%	62.54%	61.13%	59.44%	55.91%	57.24%	55.82%
EBITDA Margin	42.03%	43.33%	45.75%	43.45%	40.12%	44.03%	46.11%	40.26%	37.59%	42.09%	36.37%
Operating Margin	27.19%	31.77%	30.72%	27.96%	24.19%	29.41%	30.84%	23.78%	20.54%	25.46%	18.92%
EBIT Margin	26.84%	28.70%	30.62%	27.86%	24.04%	28.21%	30.13%	23.23%	20.10%	25.22%	18.64%
Profit (Net Income) Margin	16.53%	18.05%	10.95%	17.80%	15.40%	18.08%	19.89%	14.61%	12.67%	17.23%	10.91%
Tax Burden Percent	81.07%	80.07%	44.93%	79.88%	82.37%	80.60%	80.08%	79.61%	80.90%	82.35%	75.61%
Interest Burden Percent	75.96%	78.57%	79.59%	79.97%	77.77%	79.52%	82.43%	79.00%	77.90%	82.96%	77.43%
Effective Tax Rate	18.16%	16.30%	5.82%	19.42%	16.76%	19.04%	19.75%	20.73%	17.42%	17.44%	22.55%
Return on Invested Capital (ROIC)	8.97%	10.87%	11.53%	8.78%	7.78%	9.08%	9.37%	6.90%	6.17%	7.49%	5.13%
ROIC Less NNEP Spread (ROIC-NNEP)	7.71%	8.72%	7.08%	7.62%	6.63%	7.59%	8.12%	5.84%	5.11%	6.51%	4.18%
Return on Net Nonoperating Assets (RNNOA)	6.40%	6.24%	5.08%	5.36%	4.38%	4.60%	4.99%	3.52%	2.96%	3.68%	2.33%
Return on Equity (ROE)	15.38%	17.10%	16.61%	14.13%	12.16%	13.68%	14.36%	10.43%	9.14%	11.17%	7.46%
Cash Return on Invested Capital (CROIC)	7.16%	11.15%	7.97%	8.49%	7.23%	7.04%	6.04%	5.37%	5.82%	6.07%	6.67%
Operating Return on Assets (OROA)	6.42%	6.99%	7.52%	6.45%	5.52%	6.16%	7.09%	5.54%	4.80%	5.59%	4.27%
Return on Assets (ROA)	3.95%	4.39%	2.69%	4.12%	3.54%	3.95%	4.68%	3.48%	3.02%	3.82%	2.50%
Return on Common Equity (ROCE)	14.99%	16.69%	16.20%	13.77%	11.83%	13.31%	13.98%	10.14%	8.89%	10.84%	7.24%
Return on Equity Simple (ROE_SIMPLE)	12.66%	0.00%	11.25%	12.50%	11.48%	0.00%	10.27%	8.54%	8.23%	0.00%	7.05%
Net Operating Profit after Tax (NOPAT)	1,142	1,396	1,509	1,151	983	1,171	1,206	897	771	973	662
NOPAT Margin	22.25%	26.59%	28.93%	22.53%	20.13%	23.81%	24.75%	18.85%	16.96%	21.02%	14.66%
Net Nonoperating Expense Percent (NNEP)	1.26%	2.15%	4.45%	1.15%	1.16%	1.49%	1.26%	1.06%	1.07%	0.98%	0.95%
Return On Investment Capital (ROIC_SIMPLE)	2.08%	2.66%	-	-	-	2.18%	-	-	-	1.84%	-
Cost of Revenue to Revenue	40.41%	38.45%	38.49%	38.81%	41.06%	37.46%	38.87%	40.56%	44.10%	42.76%	44.18%
SG&A Expenses to Revenue	32.79%	29.78%	30.80%	33.23%	34.75%	33.03%	33.90%	35.66%	35.28%	32.37%	34.24%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.40%	29.78%	30.80%	33.23%	34.75%	33.13%	30.29%	35.66%	35.36%	31.79%	36.90%
Earnings before Interest and Taxes (EBIT)	1,377	1,507	1,597	1,423	1,174	1,387	1,468	1,105	914	1,168	842
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,156	2,275	2,386	2,219	1,959	2,165	2,247	1,915	1,709	1,949	1,643
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.79	4.32	3.73	3.10	3.33	2.67	2.33	2.60	2.36	2.08	1.97
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.99	5.71	5.14	4.41	4.94	4.18	3.66	4.22	3.91	3.62	3.45
Price to Earnings (P/E)	38.17	37.33	33.77	25.27	29.61	25.99	23.11	31.04	29.29	25.37	28.76
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.62%	2.68%	2.96%	3.96%	3.38%	3.85%	4.33%	3.22%	3.41%	3.94%	3.48%
Enterprise Value to Invested Capital (EV/IC)	2.88	2.80	2.49	2.16	2.33	1.99	1.78	1.94	1.82	1.67	1.60
Enterprise Value to Revenue (EV/Rev)	7.25	6.82	6.29	5.56	6.06	5.25	4.75	5.34	5.01	4.69	4.54
Enterprise Value to EBITDA (EV/EBITDA)	16.62	15.79	14.50	12.80	14.20	12.47	11.43	13.66	13.14	12.13	12.56
Enterprise Value to EBIT (EV/EBIT)	25.44	24.48	22.68	20.16	22.92	20.56	19.20	24.46	24.44	22.81	25.86
Enterprise Value to NOPAT (EV/NOPAT)	28.86	27.68	26.28	24.38	27.65	24.77	23.23	29.82	29.51	27.42	31.43
Enterprise Value to Operating Cash Flow (EV/OCF)	23.29	21.05	21.07	20.64	24.20	19.41	17.19	20.44	18.42	18.01	18.20
Enterprise Value to Free Cash Flow (EV/FCFF)	40.88	25.02	31.44	25.51	32.40	28.43	29.80	36.40	31.34	27.51	23.80
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.07	0.90	0.89	0.89	0.83	0.75	0.77	0.75	0.72	0.68	0.69
Long-Term Debt to Equity	1.02	0.86	0.85	0.85	0.80	0.73	0.75	0.73	0.71	0.66	0.67
Financial Leverage	0.83	0.72	0.72	0.70	0.66	0.61	0.61	0.60	0.58	0.57	0.56
Leverage Ratio	3.09	2.88	2.79	2.87	2.80	2.80	2.60	2.46	2.41	2.52	2.38
Compound Leverage Factor	2.34	2.26	2.22	2.29	2.17	2.23	2.14	1.95	1.88	2.09	1.84
Debt to Total Capital	51.62%	47.29%	47.10%	46.99%	45.22%	42.98%	43.41%	42.91%	41.99%	40.33%	40.70%
Short-Term Debt to Total Capital	2.34%	2.11%	2.24%	2.04%	1.24%	1.40%	1.21%	1.12%	0.86%	0.88%	1.01%
Long-Term Debt to Total Capital	49.28%	45.18%	44.86%	44.95%	43.98%	41.58%	42.20%	41.78%	41.12%	39.45%	39.70%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.16%	1.18%	1.21%	1.15%	1.45%	1.51%	1.51%	1.64%	1.64%	1.62%	1.56%
Common Equity to Total Capital	47.22%	51.53%	51.69%	51.86%	53.33%	55.51%	55.08%	55.46%	56.37%	58.05%	57.74%
Debt to EBITDA	3.13	2.81	2.90	2.97	2.95	2.88	2.98	3.22	3.24	3.12	3.41
Net Debt to EBITDA	2.83	2.50	2.57	2.57	2.53	2.45	2.52	2.74	2.75	2.64	2.89
Long-Term Debt to EBITDA	2.99	2.68	2.76	2.84	2.87	2.78	2.90	3.13	3.17	3.05	3.33
Debt to NOPAT	5.44	4.93	5.25	5.66	5.74	5.72	6.06	7.02	7.28	7.06	8.53
Net Debt to NOPAT	4.92	4.38	4.67	4.90	4.93	4.86	5.12	5.99	6.17	5.97	7.22
Long-Term Debt to NOPAT	5.19	4.71	5.00	5.41	5.58	5.53	5.89	6.84	7.13	6.91	8.32
Altman Z-Score	2.15	2.19	1.95	1.43	1.51	1.39	1.40	1.65	1.56	1.30	1.40
Noncontrolling Interest Sharing Ratio	2.53%	2.45%	2.49%	2.53%	2.74%	2.68%	2.65%	2.78%	2.77%	2.92%	2.83%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.10	1.06	1.07	1.06	1.06	1.04	1.07	1.10	1.08	1.04	1.06
Quick Ratio	0.22	0.22	0.21	0.14	0.14	0.14	0.18	0.23	0.23	0.17	0.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-387	1,933	718	951	359	651	357	300	591	963	1,465
Operating Cash Flow to CapEx	193.43%	556.64%	556.72%	385.34%	197.86%	453.13%	439.15%	258.24%	333.33%	538.94%	304.91%
Free Cash Flow to Firm to Interest Expense	-1.17	0.00	2.20	3.34	1.38	0.00	1.38	1.29	2.93	0.00	7.71
Operating Cash Flow to Interest Expense	1.96	0.00	6.87	4.71	3.18	0.00	6.04	3.78	5.59	0.00	6.21
Operating Cash Flow Less CapEx to Interest Expense	0.95	0.00	5.63	3.48	1.57	0.00	4.67	2.32	3.92	0.00	4.17
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.24	0.25	0.23	0.23	0.22	0.24	0.24	0.24	0.22	0.23
Accounts Receivable Turnover	5.51	5.60	5.61	5.49	5.62	5.33	5.56	5.54	5.81	5.50	5.70
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.90	9.02	8.95	9.18	9.19	9.27	9.30	9.64	9.73	0.00	9.54
Accounts Payable Turnover	1.95	1.75	2.02	2.05	2.04	1.86	2.22	2.32	2.33	2.15	2.42
Days Sales Outstanding (DSO)	66.19	65.19	65.07	66.51	64.94	68.51	65.64	65.86	62.87	66.31	64.07
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	187.36	208.49	180.52	178.32	179.07	196.02	164.69	157.61	156.82	169.74	150.98
Cash Conversion Cycle (CCC)	-121.16	-143.30	-115.45	-111.80	-114.13	-127.51	-99.05	-91.74	-93.96	-103.42	-86.90
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	52,103	49,784	50,875	50,882	50,574	50,321	50,084	50,682	49,950	49,801	49,235
Invested Capital Turnover	0.40	0.41	0.40	0.39	0.39	0.38	0.38	0.37	0.36	0.36	0.35
Increase / (Decrease) in Invested Capital	1,529	-537	791	200	624	520	849	597	180	10	-803
Enterprise Value (EV)	150,168	139,583	126,553	109,932	117,695	100,193	89,373	98,565	90,870	83,155	78,755
Market Capitalization	123,949	116,867	103,429	87,204	95,922	79,729	68,862	77,874	70,997	64,182	59,846
Book Value per Share	$46.12	$47.58	$48.20	$48.12	$48.74	$49.75	$48.51	$48.58	$47.88	$48.55	$47.42
Tangible Book Value per Share	($38.48)	($34.20)	($34.22)	($32.93)	($32.43)	($30.92)	($30.68)	($30.61)	($30.14)	($28.97)	($28.72)
Total Capital	54,818	52,526	53,688	54,287	54,008	53,787	53,692	54,080	53,358	53,106	52,518
Total Debt	28,297	24,840	25,285	25,509	24,425	23,118	23,306	23,203	22,404	21,418	21,375
Total Long-Term Debt	27,016	23,730	24,085	24,401	23,754	22,363	22,657	22,595	21,943	20,950	20,847
Net Debt	25,582	22,098	22,472	22,104	20,991	19,652	19,698	19,805	18,996	18,113	18,092
Capital Expenditures (CapEx)	335	399	402	348	420	352	355	340	339	303	387
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,402	1,194	1,532	2,039	1,433	810	1,252	1,508	841	652	786
Debt-free Net Working Capital (DFNWC)	3,579	2,430	2,760	3,234	2,647	2,014	2,601	2,590	1,887	1,554	1,679
Net Working Capital (NWC)	2,298	1,320	1,560	2,126	1,976	1,259	1,952	1,982	1,426	1,086	1,151
Net Nonoperating Expense (NNE)	294	448	938	242	231	282	237	202	195	175	169
Net Nonoperating Obligations (NNO)	25,582	22,098	22,472	22,104	20,991	19,652	19,698	19,805	18,996	18,113	18,092
Total Depreciation and Amortization (D&A)	779	768	789	796	785	778	779	810	795	781	801
Debt-free, Cash-free Net Working Capital to Revenue	11.60%	5.84%	7.61%	10.31%	7.38%	4.24%	6.66%	8.17%	4.63%	3.68%	4.53%
Debt-free Net Working Capital to Revenue	17.29%	11.88%	13.72%	16.35%	13.62%	10.55%	13.83%	14.04%	10.40%	8.76%	9.67%
Net Working Capital to Revenue	11.10%	6.45%	7.75%	10.75%	10.17%	6.59%	10.38%	10.74%	7.86%	6.12%	6.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.52	$1.66	$0.98	$1.53	$1.24	$1.44	$1.57	$1.11	$0.90	$1.23	$0.75
Adjusted Weighted Average Basic Shares Outstanding	561.30M	578.70M	573.70M	582.70M	590.90M	611.70M	606.20M	615.40M	626.90M	642.30M	639.60M
Adjusted Diluted Earnings per Share	$1.51	$1.63	$0.98	$1.53	$1.24	$1.43	$1.56	$1.10	$0.89	$1.22	$0.75
Adjusted Weighted Average Diluted Shares Outstanding	564.70M	582.10M	576.90M	585.40M	594.80M	615.90M	610.30M	619.20M	631.30M	647.90M	645M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	554.43M	561.29M	568.92M	575.73M	585.10M	590.40M	600.19M	609.61M	617.31M	628.13M	635.03M
Normalized Net Operating Profit after Tax (NOPAT)	1,125	1,396	1,509	1,151	983	1,175	1,065	897	775	951	755
Normalized NOPAT Margin	21.93%	26.59%	28.93%	22.53%	20.13%	23.89%	21.85%	18.85%	17.04%	20.54%	16.71%
Pre Tax Income Margin	20.39%	22.55%	24.37%	22.28%	18.70%	22.43%	24.83%	18.36%	15.66%	20.92%	14.43%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.16	0.00	4.90	4.99	4.50	0.00	5.69	4.76	4.52	0.00	4.43
NOPAT to Interest Expense	3.45	0.00	4.63	4.04	3.77	0.00	4.67	3.86	3.82	0.00	3.49
EBIT Less CapEx to Interest Expense	3.15	0.00	3.67	3.77	2.89	0.00	4.31	3.30	2.85	0.00	2.39
NOPAT Less CapEx to Interest Expense	2.44	0.00	3.39	2.82	2.16	0.00	3.30	2.40	2.14	0.00	1.45
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.64%	1.73%	1.92%	3.32%	3.51%	2.88%	2.96%	1.33%	1.49%	1.63%	2.38%
Augmented Payout Ratio	199.51%	185.28%	179.05%	158.31%	153.92%	157.14%	153.00%	165.34%	149.43%	105.31%	139.22%

Frequently Asked Questions About Fiserv's Financials

When does Fiserv's fiscal year end?

According to the most recent income statement we have on file, Fiserv's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Fiserv's net income changed over the last 9 years?

Fiserv's net income appears to be on an upward trend, with a most recent value of $3.18 billion in 2024, rising from $712 million in 2015. The previous period was $3.13 billion in 2023. See where experts think Fiserv is headed by visiting Fiserv's forecast page.

What is Fiserv's operating income?

Fiserv's total operating income in 2024 was $5.88 billion, based on the following breakdown:

Total Gross Profit: $12.44 billion
Total Operating Expenses: $6.56 billion

How has Fiserv revenue changed over the last 9 years?

Over the last 9 years, Fiserv's total revenue changed from $5.25 billion in 2015 to $20.46 billion in 2024, a change of 289.3%.

How much debt does Fiserv have?

Fiserv's total liabilities were at $49.49 billion at the end of 2024, a 17.8% decrease from 2023, and a 640.9% increase since 2015.

How much cash does Fiserv have?

In the past 9 years, Fiserv's cash and equivalents has ranged from $275 million in 2015 to $1.24 billion in 2024, and is currently $1.24 billion as of their latest financial filing in 2024.

How has Fiserv's book value per share changed over the last 9 years?

Over the last 9 years, Fiserv's book value per share changed from 11.64 in 2015 to 47.58 in 2024, a change of 308.8%.

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This page (NYSE:FI) was last updated on 5/18/2025 by MarketBeat.com Staff

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Fiserv (FI) Financials

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Fiserv (FI) Financials

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