Fiserv (FISV) FY2023 results: revenue $19.1 billion, up 7.6% on the year
Fiserv Inc. (FISV) reported revenue of $19.1 billion for fiscal 2023, the year ended 31 December 2023, up 7.6% on the year before. Net income was $3.1 billion, up 21.3%, and diluted earnings per share $4.98. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$19.1 billion
+7.6% on the year
FY2016FY2023
Operating margin
26.3%
21.1% a year earlier
FY2016FY2023
Net income
$3.1 billion
+21.3% on the year
FY2016FY2023
Diluted EPS
$4.98
+27.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
5,162
4,618
4,034
+11.8%
Capital expenditure
1,388
1,479
1,160
-6.2%
Free cash flow
3,774
3,139
2,874
+20.2%
Free cash flow margin
19.8%
17.7%
17.7%
Cash from investing
-1,068
-2,112
-1,630
Cash from financing
-4,356
-2,478
-1,741
Depreciation and amortisation
3,162
3,212
3,248
-1.6%
Share-based compensation
342
323
239
+5.9%
Diluted shares, weighted
616m
648m
672m
-4.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
29,857
30,828
30,952
-3.1%
Non-controlling interest
651
699
720
-6.9%
Redeemable equity
161
161
278
0.0%
Debt
23,118
21,418
21,237
+7.9%
Operating lease liabilities
665
628
615
+5.9%
Finance lease liabilities
430
366
313
+17.5%
Other liabilities
36,008
29,769
22,134
+21.0%
Total liabilities and equity
90,890
83,869
76,249
+8.4%
Fixed assets
2,161
1,958
1,742
+10.4%
Goodwill
37,205
36,811
36,433
+1.1%
Intangible assets
11,210
12,415
14,009
-9.7%
Cash and equivalents
1,204
902
835
+33.5%
Receivables
3,582
3,585
2,860
-0.1%
Other assets
35,528
28,198
20,370
+26.0%
Total assets
90,890
83,869
76,249
+8.4%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.