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Fiserv (FISV) FY2024 results: revenue $20.5 billion, up 7.1% on the year

Fiserv Inc. (FISV) reported revenue of $20.5 billion for fiscal 2024, the year ended 31 December 2024, up 7.1% on the year before. Net income was $3.1 billion, up 2.1%, and diluted earnings per share $5.38. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.

Revenue
$20.5 billion
+7.1% on the year
FY2017FY2024
Operating margin
28.7%
26.3% a year earlier
FY2017FY2024
Net income
$3.1 billion
+2.1% on the year
FY2017FY2024
Diluted EPS
$5.38
+8.0% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue20,45619,09317,737+7.1%
Selling, general and administrative6,5646,5766,059-0.2%
Operating income5,8795,0143,740+17.3%
Operating margin28.7%26.3%21.1%
Interest expense1,2381,004746+23.3%
Pre-tax income4,5063,8982,913+15.6%
Income tax641754551-15.0%
Effective tax rate14.2%19.3%18.9%
Net income3,1313,0682,530+2.1%
Net margin15.3%16.1%14.3%
Diluted EPS$5.38$4.98$3.91+8.0%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow6,6315,1624,618+28.5%
Capital expenditure1,5691,3881,479+13.0%
Free cash flow5,0623,7743,139+34.1%
Free cash flow margin24.7%19.8%17.7%
Cash from investing-2,404-1,068-2,112
Cash from financing-4,165-4,356-2,478
Depreciation and amortisation2,8893,1623,212-8.6%
Share-based compensation367342323+7.3%
Diluted shares, weighted582m616m648m-5.5%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity27,06829,85730,828-9.3%
Non-controlling interest618651699-5.1%
Redeemable equity0.0161161
Debt24,84023,11821,418+7.4%
Operating lease liabilities654665628-1.7%
Finance lease liabilities417430366-3.0%
Other liabilities23,57936,00829,769-34.5%
Total liabilities and equity77,17690,89083,869-15.1%
Fixed assets2,3742,1611,958+9.9%
Goodwill36,58437,20536,811-1.7%
Intangible assets9,94011,21012,415-11.3%
Cash and equivalents1,2361,204902+2.7%
Receivables3,7253,5823,585+4.0%
Other assets23,31735,52828,198-34.4%
Total assets77,17690,89083,869-15.1%

10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.