Fiserv (FI) Financials

$212.44 +4.30 (+2.07%)

As of 03:58 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	712	930	1,246	1,187	893	958	1,334	2,530	3,068	3,131
Consolidated Net Income / (Loss)	712	930	1,246	1,187	914	975	1,403	2,582	3,129	3,180
Net Income / (Loss) Continuing Operations	712	930	1,232	1,187	914	975	1,403	2,582	3,129	3,180
Total Pre-Tax Income	1,057	1,275	1,358	1,555	1,083	1,171	1,666	2,913	3,898	4,506
Total Operating Income	1,311	1,445	1,532	1,753	1,609	1,852	2,288	3,740	5,014	5,879
Total Gross Profit	2,345	2,546	2,672	2,754	4,878	7,040	8,098	9,745	11,423	12,443
Total Revenue	5,254	5,505	5,696	5,823	10,187	14,852	16,226	17,737	19,093	20,456
Operating Revenue	5,254	5,505	5,696	5,823	10,187	14,852	16,226	17,737	19,093	20,456
Total Cost of Revenue	2,909	2,959	3,024	3,069	5,309	7,812	8,128	7,992	7,670	8,013
Operating Cost of Revenue	2,909	2,959	3,024	3,069	5,309	7,812	8,128	7,992	7,670	8,013
Total Operating Expenses	1,034	1,101	1,140	1,001	3,269	5,188	5,810	6,005	6,409	6,564
Selling, General & Admin Expense	1,034	1,101	1,150	1,228	3,284	5,652	5,810	6,059	6,576	6,564
Other Special Charges / (Income)	-	-	-	-	-	-464	0.00	-54	-167	0.00
Total Other Income / (Expense), net	-254	-170	-174	-198	-526	-681	-622	-827	-1,116	-1,373
Interest & Investment Income	1.00	-7.00	-	-	-	-	-	-733	-976	-1,195
Other Income / (Expense), net	-	-	1.00	5.00	-6.00	28	71	-94	-140	-178
Income Tax Expense	377	492	158	378	198	196	363	551	754	641
Other Gains / (Losses), net	32	147	32	10	29	0.00	100	220	-15	-685
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	21	17	69	52	61	49
Basic Earnings per Share	$3.04	$2.11	$2.95	$2.93	$1.74	$1.42	$2.01	$3.94	$5.02	$5.41
Weighted Average Basic Shares Outstanding	233.90M	440.60M	422.30M	405.50M	512.30M	672.10M	662.60M	642.30M	611.70M	578.70M
Diluted Earnings per Share	$2.99	$2.08	$2.89	$2.87	$1.71	$1.40	$1.99	$3.91	$4.98	$5.38
Weighted Average Diluted Shares Outstanding	238M	447.80M	431.30M	413.70M	522.60M	683.40M	671.60M	647.90M	615.90M	582.10M
Weighted Average Basic & Diluted Shares Outstanding	234.20M	220.40M	422.40M	423.90M	679.10M	669.46M	652.20M	628.13M	590.40M	561.29M

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

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

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

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

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	75,640	83,869	76,548	77,599	84,154	90,890	92,698	93,417	79,792	77,176
Total Current Assets	19,875	27,544	20,289	21,444	28,581	34,811	37,094	38,327	25,125	23,477
Cash & Equivalents	893	902	1,046	1,082	1,349	1,204	1,214	1,195	1,228	1,236
Accounts Receivable	3,303	3,585	3,340	3,465	3,461	3,582	3,574	3,744	3,714	3,725
Prepaid Expenses	1,484	1,575	1,762	2,076	1,986	2,344	2,595	3,263	2,749	3,087
Other Current Assets	14,195	21,482	14,141	14,821	21,785	27,681	29,711	30,125	17,434	15,429
Plant, Property, & Equipment, net	1,924	1,958	2,002	2,023	2,122	2,161	2,226	2,285	2,377	2,374
Total Noncurrent Assets	53,841	54,367	54,257	54,132	53,451	53,918	53,378	52,805	52,290	51,325
Long-Term Investments	2,390	2,403	2,362	2,316	2,259	2,262	2,220	2,210	1,585	1,506
Goodwill	36,241	36,811	37,017	37,109	36,836	37,205	37,038	36,867	37,133	36,584
Intangible Assets	12,456	12,415	11,994	11,779	11,439	11,210	10,926	10,552	10,322	9,940
Other Noncurrent Operating Assets	2,754	2,738	2,884	2,928	2,917	3,241	3,194	3,176	3,250	3,295
Total Liabilities & Shareholders' Equity	75,640	83,869	76,548	77,599	84,154	90,890	92,698	93,417	79,792	77,176
Total Liabilities	44,497	52,181	45,594	46,722	53,768	60,221	63,115	64,639	51,389	49,490
Total Current Liabilities	18,724	26,458	18,863	19,462	26,629	33,552	35,118	36,201	23,565	22,157
Short-Term Debt	528	468	461	608	649	755	671	1,108	1,200	1,110
Accounts Payable	3,456	3,883	3,569	3,359	3,590	4,355	3,957	4,187	4,161	4,799
Other Current Liabilities	14,195	22,107	14,833	15,495	22,390	28,442	30,490	30,906	18,204	16,248
Total Noncurrent Liabilities	25,773	25,723	26,731	27,260	27,139	26,669	27,997	28,438	27,824	27,333
Long-Term Debt	20,847	20,950	21,943	22,595	22,657	22,363	23,754	24,401	24,085	23,730
Noncurrent Deferred & Payable Income Tax Liabilities	3,766	3,602	3,520	3,400	3,264	3,078	3,048	2,862	2,526	2,477
Other Noncurrent Operating Liabilities	944	1,171	1,268	1,265	1,218	1,228	1,195	1,175	1,213	1,126
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	161	161	160	161	161	161	160	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	30,982	31,527	30,794	30,716	30,225	30,508	29,423	28,778	28,403	27,686
Total Preferred & Common Equity	30,326	30,828	30,077	29,991	29,573	29,857	28,801	28,154	27,751	27,068
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	30,326	30,828	30,077	29,991	29,573	29,857	28,801	28,154	27,751	27,068
Common Stock	22,967	23,019	22,954	22,996	23,064	23,111	22,869	23,022	23,011	23,088
Retained Earnings	16,594	17,376	17,939	18,622	19,574	20,444	21,179	22,073	22,637	23,575
Treasury Stock	-7,696	-8,378	-9,762	-10,727	-11,899	-12,915	-14,253	-15,744	-16,941	-18,182
Accumulated Other Comprehensive Income / (Loss)	-1,539	-1,189	-1,054	-900	-1,166	-783	-994	-1,197	-956	-1,413
Noncontrolling Interest	656	699	717	725	652	651	622	624	652	618

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

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

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

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

Frequently Asked Questions About Fiserv's Financials

When does Fiserv's financial year end?

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

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 4/14/2025 by MarketBeat.com Staff

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Fiserv (FI) Financials

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Fiserv (FI) Financials

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