Curious about Fiserv net worth? At Ando Money, I dive deep into its financial performance, offering a clear picture of its market cap and how it achieved notable growth in 2024.
Let’s uncover Fiserv’s journey and its financial outlook.
Quick Facts
| FACT | DETAIL |
|---|---|
| Name | Fiserv, Inc. |
| Full Name | Fiserv, Inc. |
| Website | fiserv.com |
| Industry | Financial Technology |
| Traded as | NYSE: FI |
| ISIN | N/A |
| Founded | 1984 |
| Key people | Frank Bisignano (president and CEO) Robert W. Hau (CFO and Treasurer) Guy Chiarello (COO) |
| Country/Territory | USA |
| Headquarters | Milwaukee, Wisconsin |
| Number of Employees | N/A |
| Market Cap | $106.75 Billion (October 2024) |
| Total Assets | $93.42 Billion |
| Total Equity | $28.78 Billion |
| Revenue | $5.11 Billion (Q2 2024) |
| Net Income | $909 Million (Q2 2024) |
What is the Net Worth/Market Cap Of Fiserv in 2024?
As of October 2024, Fiserv boasts a market cap of $106.75 billion, marking it as a key player in the global financial technology sector.
This positions it well among other notable industry leaders. For context, this valuation is part of the ever-competitive financial landscape, with Fiserv being a strong contender for global recognition.
Below are some related entities and competitors that are significant in the same sector:
- PayPal
- Fidelity National Information Services (FIS)
- Global Payments
- Square (Block Inc.)
- Mastercard
- Visa
- First Data Corporation
- Worldline
- NCR Corporation
Fiserv’s position among the top financially successful entities makes it a company to watch when exploring some of the wealthiest companies worldwide.
Fiserv Financial Performance Overview
Fiserv has displayed solid financial performance in 2024. Revenue growth has been notable, with 7% GAAP revenue growth both in Q2 and the first six months of the year.
Organic revenue growth stood out even more, marking an impressive 18% increase in Q2. The company’s adjusted earnings per share (EPS) rose by 18% in the same quarter, reflecting a robust growth trajectory.
Breakdown of Revenue Sources
Fiserv operates mainly through two segments: Merchant Solutions and Financial Solutions. Each plays a critical role in the company’s revenue generation:
- Merchant Solutions saw a 9% growth in GAAP revenue in Q2 and 11% growth in the first six months of 2024.
- Financial Solutions contributed with a 6% GAAP revenue growth in Q2 and 4% growth in the first six months of the year.
This balanced revenue stream across segments reinforces Fiserv’s strategic market position and supports sustainable growth.
Organic Revenue Growth Analysis
Organic revenue growth is a strong indicator of Fiserv’s operational health. The company achieved 18% growth in Q2 2024, driven by 28% growth in the Merchant Solutions segment and 8% growth in Financial Solutions.
For the first half of 2024, organic revenue growth reached 19%, with the Merchant Solutions segment leading the charge at 32% growth.
The Financial Solutions segment also contributed 6% growth, showing consistent performance.
Profitability and Operating Margin
Operating margins are essential to understanding Fiserv’s profitability. In 2024, the company’s GAAP operating margin was 28.0% in Q2 and 26.1% for the first six months.
When looking at the adjusted operating margin, it improved to 38.4% in Q2.
The Merchant Solutions segment showed a 36.6% GAAP operating margin, while the Financial Solutions segment had a 45.9% GAAP operating margin for Q2 2024.
Earnings Per Share (EPS) Performance
EPS is a key measure of financial health. For Fiserv, GAAP EPS increased by 39% in both Q2 and the first six months of 2024, reaching $1.53 and $2.76 respectively.
On the adjusted side, EPS rose by 18% to $2.13 in Q2 and $4.00 for the first half of the year. This growth indicates improved profitability and shareholder value.
Cash Flow and Share Repurchases
Fiserv’s free cash flow was $1.48 billion in the first half of 2024, showing strong liquidity and cash generation capability.
A portion of this cash flow was used for share repurchases, with 10 million shares repurchased for $1.5 billion in Q2 alone, and 20.2 million shares for $3.0 billion in the first six months.
This strategy enhances shareholder value and underlines the company’s confidence in its future performance.
Financial Solutions Segment: Detailed Revenue Contribution
The Financial Solutions segment contributed significantly to Fiserv’s financial success in 2024. It offers services like account processing, digital banking solutions, and card issuer processing.
The segment’s revenue growth of 6% in Q2 reflects the rising demand for these offerings, helping drive overall financial stability.
Merchant Solutions Segment: Revenue and Growth
Merchant Solutions is another cornerstone of Fiserv’s business. With a 9% revenue increase in Q2, this segment provides various payment solutions, e-commerce services, and merchant acquiring services.
The 28% organic growth in this segment for Q2 underscores its importance in supporting Fiserv’s overall revenue growth.
Assets, Liabilities, and Shareholder Equity
Fiserv’s total assets stood at $93.42 billion as of June 30, 2024. With total liabilities amounting to $64.64 billion, the company maintains a strong total equity of $28.78 billion. These figures reflect a stable balance sheet, enabling sustained investments and growth.
Financial Outlook and Revenue Projections
For the remainder of 2024, Fiserv expects organic revenue to grow between 15% to 17%. The adjusted EPS outlook has also been raised to a range of $8.65 to $8.80, indicating strong confidence in its growth strategy.
The company aims to continue its focus on profitability while driving innovation and expanding its market reach.
FAQs About Fiserv
What are the Primary Business Segments of Fiserv?
It operates through two main segments: Merchant Solutions and Financial Solutions. Both segments contribute significantly to the company’s revenue and financial growth.
How Much Revenue Did Fiserv Generate in Q2 2024?
In the second quarter of 2024, it reported $5.11 billion in GAAP revenue, reflecting a 7% increase compared to the same period in 2023.
What Was Fiserv’s Operating Margin in 2024?
Its GAAP operating margin in Q2 2024 was 28.0%, while its adjusted operating margin stood at 38.4%.
How Did Fiserv’s Organic Revenue Grow in 2024?
Organic revenue grew by 18% in Q2 2024 and by 19% in the first half of 2024, mainly driven by 28% growth in Merchant Solutions and 8% in Financial Solutions.
How Much Cash Flow Did Fiserv Generate in the First Half of 2024?
It generated $1.48 billion in free cash flow in the first six months of 2024, compared to $1.47 billion in the prior year.
Conclusion
I hope this detailed analysis provided you with valuable insights into Fiserv’s financial performance. If you’d like to learn more or share your thoughts, please visit Ando Money.
