FISERV INC

Listed Company

FISVCIK 0000798354NasdaqLarge AcceleratedServices-Business Services, NecWisconsinFY ends Dec 31

Period

FY 2025

Revenue

$21.19B

Net Income

$3.48B

Total Assets

$80.13B

Equity

$25.79B

Shares Out

534.78M

Op. Cash Flow

$6.06B

Business

FISERV INC provides payments and financial services technology solutions to merchants, banks, credit unions, corporations and public sector clients. It offers account processing and digital banking platforms, card issuer processing and network services, payments, e‑commerce, merchant acquiring and processing, and the Clover® cloud-based point-of-sale and business management platform. The company operates through two reportable segments: Merchant Solutions (Small Business, Enterprise, Processing) and Financial Solutions (Digital Payments, Issuing, Banking). It serves clients globally across the U.S. and Canada, EMEA, Latin America and Asia‑Pacific through direct sales, partners, ISVs, ISOs and financial institution alliances.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	21,193	20,456	19,093	17,737	16,226
Selling, general and administrative	6,883	6,564	6,576	6,059	5,810
Net gain on sale of business and distribution of other assets	−120	0	−167	−54	0
Total expenses	15,375	14,577	14,079	13,997	13,938
Operating income	5,818	5,879	5,014	3,740	2,288
Interest expense, net	−1,493	−1,195	−976	−733	—
Other expense, net	−61	−178	−140	−94	71
Income before income taxes and income (loss) from investments in unconsolidated affiliates	4,264	4,506	3,898	2,913	1,666
Income tax provision	−811	−641	−754	−551	−363
Income (loss) from investments in unconsolidated affiliates	37	−685	−15	220	100
Net income	3,490	3,180	3,129	2,582	1,403
Less: net income attributable to noncontrolling interests and redeemable noncontrolling interest	10	49	61	52	69
Net income attributable to Fiserv, Inc.	3,480	3,131	3,068	2,530	1,334
Basic (in dollars per share)	6.36	5.41	5.02	3.94	2.01
Diluted (in dollars per share)	6.34	5.38	4.98	3.91	1.99
Basic (in shares)	547	579	612	642	663
Diluted (in shares)	549	582	616	648	672

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	798	1,236	1,204	902	835
Trade accounts receivable, less allowance for doubtful accounts	3,981	3,725	3,582	3,585	2,860
Prepaid expenses and other current assets	3,396	3,087	2,344	1,575	1,523
Settlement assets	16,479	15,429	27,681	21,482	13,652
Total current assets	24,654	23,477	34,811	27,544	18,870
Property and equipment, net	3,084	2,374	2,161	1,958	—
Intangible assets, net	10,161	9,940	11,210	12,415	14,009
Goodwill	37,703	36,584	37,205	36,811	36,433
Contract costs, net	1,039	996	968	905	811
Investments in unconsolidated affiliates	1,046	1,506	2,262	2,403	2,561
Other long-term assets	2,446	2,299	2,273	1,833	1,823
Total assets	80,133	77,176	90,890	83,869	76,249
Accounts payable and other current liabilities	5,307	4,799	4,355	3,883	3,550
Short-term and current maturities of long-term debt	1,239	1,110	755	468	508
Contract liabilities	865	819	761	625	585
Settlement obligations	16,479	15,429	27,681	21,482	13,652
Total current liabilities	23,890	22,157	33,552	26,458	18,295
Long-term debt	27,758	23,730	22,363	20,950	20,729
Deferred income taxes	1,478	2,477	3,078	3,602	4,172
Long-term contract liabilities	259	263	250	235	225
Other long-term liabilities	939	863	978	936	878
Total liabilities	54,324	49,490	60,221	52,181	44,299
Commitments and Contingencies (see Note 17)	—	—	—	—	—
Preferred stock, no par value: 25 million shares authorized; none issued	0	0	0	0	0
Common stock, $0.01 par value: 1,800 million shares authorized; 784 million shares issued	8	8	8	8	—
Additional paid-in capital	23,260	23,080	23,103	23,011	22,983
Accumulated other comprehensive loss	−984	−1,413	−783	−1,189	−745
Retained earnings	27,055	23,575	20,444	17,376	14,846
Treasury stock, at cost, 250 million and 220 million shares, respectively	−23,547	−18,182	−12,915	−8,378	—
Total Fiserv, Inc. shareholders equity	25,792	27,068	29,857	30,828	30,952
Noncontrolling interests	17	618	651	699	720
Total equity	25,809	27,686	30,508	31,527	31,672
Total liabilities and equity	80,133	77,176	90,890	83,869	76,249

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and other amortization	1,857	1,672	1,479	1,320	1,158
Amortization of acquisition-related intangible assets	1,304	1,423	1,642	1,849	2,038
Amortization of financing costs and debt discounts	46	43	41	43	52
Share-based compensation	357	367	342	323	239
Deferred income taxes	−942	−662	−511	−558	−262
Gain on sale of investments	−74	0	0	—	—
Distributions from unconsolidated affiliates	44	39	55	73	34
Non-cash settlement charge for terminated pension plans	0	147	0	0	—
Non-cash foreign currency exchange losses	159	92	76	0	—
Other operating activities	−13	−17	−27	4	−48
Trade accounts receivable	−123	−169	23	−770	−358
Prepaid expenses and other assets	−528	−398	−790	−253	−248
Contract costs	−252	−267	−246	−290	−269
Accounts payable and other liabilities	878	426	−54	511	303
Contract liabilities	16	70	155	58	77
Net cash provided by operating activities	6,062	6,631	5,162	4,618	4,034
Capital expenditures, including capitalized software and other intangibles	−1,763	−1,569	−1,388	−1,479	−1,160
Net proceeds from sale of business and other assets	0	0	234	246	0
Merchant cash advances, including Clover Capital program	−1,129	0	0	0	—
Repayment of merchant cash advances, including Clover Capital program	1,018	0	0	—	—
Settlement anticipation cash advances, net	−525	−801	0	—	—
Payments for acquisition of businesses, net of cash acquired	−820	0	−13	−988	−848
Distributions from unconsolidated affiliates	42	60	136	138	115
Purchases of investments	−81	−155	−39	−52	−256
Proceeds from sale of investments	756	61	5	23	519
Other investing activities	−18	0	−3	0	0
Net cash used in investing activities	−2,520	−2,404	−1,068	−2,112	−1,630
Debt proceeds	6,504	6,783	5,567	1,624	6,435
Debt repayments	−3,955	−5,396	−3,015	−3,315	−7,881
Net (repayments of) borrowings from commercial paper and short-term borrowings	−370	278	−1,456	1,837	1,741
Payments of debt financing costs	−20	−28	−38	−10	0
Proceeds from issuance of treasury stock	62	97	101	149	140
Purchases of treasury stock, including employee shares withheld for tax obligations	−5,899	−5,837	−4,827	−2,677	−2,786
Settlement activity, net	222	0	−527	−78	711
Distributions paid to noncontrolling interests and redeemable noncontrolling interest	−10	−55	−34	−42	−62
Payments to acquire noncontrolling interests of consolidated subsidiaries	−436	0	−56	0	0
Payments of acquisition-related contingent consideration	0	−3	−35	−2	−37
Settlement of derivative contracts	65	0	0	—	—
Other financing activities	5	−4	−36	36	−2
Net cash used in financing activities	−3,832	−4,165	−4,356	−2,478	−1,741
Effect of exchange rate changes on cash and cash equivalents	99	−32	33	−41	−27
Net change in cash and cash equivalents	−191	30	−229	−13	636

Filings

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