HighGravityData
Companies / Fiserv / Filing

Fiserv — Feb 5, 2025 release

Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000798354-25-000018
Open on SEC.gov ↗
Showing in the filing
Organic revenue growth
“10% to 12%”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 7
Organic revenue growth for FY2025
“10% to 12%”
Adjusted earnings per share for FY2025
“$10.10 to $10.30”
Revenue for FY2025
“9% - 11%”
Postage reimbursements for FY2025
“(0.5)%”
Adjusted revenue for FY2025
“8.5% - 10.5%”
Currency impact for FY2025
“1.5%”
Amortization expense with respect to acquire… for FY2025
“decrease approximately 10% compared to the amount incurred in 2024”
Exhibit 99.1 · the passage around this item
… earlier in the release
212-515-0278 julie.chariell@fiserv.com For Immediate Release Fiserv Reports Fourth Quarter and Full Year 2024 Results GAAP revenue growth of 7% both in the quarter and for the full year; GAAP EPS increased 13% in the quarter and 8% for the full year; Operating cash flow was $6.63 billion for the full year; Organic revenue growth of 13% in the quarter and 16% for the full year; Adjusted EPS increased 15% in the quarter and 17% for the full year; Free cash flow was $5.23 billion for the full year; Company expects 2025 organic revenue growth of 10% to 12% and adjusted EPS of $10.10 to $10.30, or growth of 15% to 17% MILWAUKEE, Wis., February 5, 2025 – Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, today reported financial results for the fourth quarter and full year 2024. Fourth Quarter and Full Year 2024 GAAP Results GAAP revenue for the company increased 7% to $5.25 billion in the fourth quarter of 2024 compared to the prior year period, with 11% growth in the Merchant Solutions segment and 3% growth in the Financial Solutions segment. GAAP revenue for the company increased 7% to $20.46 billion for the full year 2024 compared to the prior year, with 10% growth in the Merchant Solutions segment and 4% growth in the Financial Solutions segment. GAAP earnings per share was $1.64 in the fourth quarter and $5.38 for the full year 2024, an increase of 13% and 8%, respectively, compared to the prior year periods. The full year 2024 included a $595 million non-cash impairment charge related to one of the company’s equity method investments, as well as a $147 million non-cash settlement charge in the fourth quarter for terminated pension plans. The full year 2023 included a $172
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.