Fiserv, Inc., together with its subsidiaries, provides payment and financial services technology worldwide. The company operates through Acceptance, Fintech, and Payments segments. The Acceptance segment provides point-of-sale merchant acquiring and digital commerce services; mobile payment services; security and fraud protection products; Carat, an omnichannel commerce solution; Clover, a cloud-based point-of-sale and business management platform; and Clover Connect, an independent software vendors platform. This segment distributes through various channels, including direct sales teams, strategic partnerships with agent sales forces, independent software vendors, financial institutions, and other strategic partners. The Fintech segment offers customer deposit and loan accounts, as well as manages an institution's general ledger and central information files. This segment also provides digital banking, financial and risk management, professional services and consulting, item processing and source capture, and other products and services. The Payments segment offers card transactions, such as debit, credit, and prepaid card processing and services; security and fraud protection products; card production; print services; and various network services, as well as non-card digital payment software and services, including bill payment, account-to-account transfers, person-to-person payments, electronic billing, and security and fraud protection products. It serves business, banks, credit unions, other financial institutions, merchants, and corporate clients. Fiserv, Inc. was incorporated in 1984 and is headquartered in Brookfield, Wisconsin.

Fiserv, Inc.

Processing and Services

Processing and Services %Chg

Processing and Services Common Size

Product

Product %Chg

Product Common Size

Total Revenue

Total Revenue %Chg

Total Revenue Common Size

Cost of Processing and Services

Cost of Processing and Services %Chg

Cost of Processing and Services Common Size

Cost of Product

Cost of Product %Chg

Cost of Product Common Size

Selling, General and Administrative

Selling, General and Administrative %Chg

Selling, General and Administrative Common Size

Net Loss on Sales and Distribution of Other Assets

Net Loss on Sales and Distribution of Other Assets %Chg

Net Loss on Sales and Distribution of Other Assets Common Size

Total Expenses

Total Expenses %Chg

Total Expenses Common Size

Operating Income

Operating Income %Chg

Operating Income Common Size

Interest Expense, Net

Interest Expense, Net %Chg

Interest Expense, Net Common Size

Interest and Investment Income, Net

Interest and Investment Income, Net %Chg

Interest and Investment Income, Net Common Size

Realized Gain from Sale of Investments

Realized Gain from Sale of Investments %Chg

Realized Gain from Sale of Investments Common Size

Debt Financing Activities

Debt Financing Activities %Chg

Debt Financing Activities Common Size

Other Expense, Net

Other Expense, Net %Chg

Other Expense, Net Common Size

Income Before Income Taxes and Income from Investments in Unconsolidated Affiliates

Income Before Income Taxes and Income from Investments in Unconsolidated Affiliates %Chg

Income Before Income Taxes and Income from Investments in Unconsolidated Affiliates Common Size

Income Tax Provision

Income Tax Provision %Chg

Income Tax Provision Common Size

Income from Investments in Unconsolidated Affiliates

Income from Investments in Unconsolidated Affiliates %Chg

Income from Investments in Unconsolidated Affiliates Common Size

Income from Continuing Operations

Income from Continuing Operations %Chg

Income from Continuing Operations Common Size

Loss from Discontinued Operations, Net of Income Taxes

Loss from Discontinued Operations, Net of Income Taxes %Chg

Loss from Discontinued Operations, Net of Income Taxes Common Size

Income (Loss) from Discontinued Operations, Net of Income Taxes

Income (Loss) from Discontinued Operations, Net of Income Taxes %Chg

Income (Loss) from Discontinued Operations, Net of Income Taxes Common Size

Net Income

Net Income %Chg

Net Income Common Size

Less: Net Income Attributable to Noncontrolling Interests and Redeemable Noncontrolling Interest

Less: Net Income Attributable to Noncontrolling Interests and Redeemable Noncontrolling Interest %Chg

Less: Net Income Attributable to Noncontrolling Interests and Redeemable Noncontrolling Interest Common Size

Net Income Attributable to Fiserv, Inc.

Net Income Attributable to Fiserv, Inc. %Chg

Net Income Attributable to Fiserv, Inc. Common Size

Basic

Basic %Chg

Basic Common Size

Discontinued Operations

Discontinued Operations %Chg

Discontinued Operations Common Size

Net Income per Share-Basic

Net Income per Share-Basic %Chg

Net Income per Share-Basic Common Size

Total Net Income per Share - Basic

Total Net Income per Share - Basic %Chg

Total Net Income per Share - Basic Common Size

Net Income per Share - Basic

Net Income per Share - Basic %Chg

Net Income per Share - Basic Common Size

Net Income Attributable to Fiserv, Inc. per Share - Basic

Net Income Attributable to Fiserv, Inc. per Share - Basic %Chg

Net Income Attributable to Fiserv, Inc. per Share - Basic Common Size

Continuing Operations

Continuing Operations %Chg

Continuing Operations Common Size

Diluted

Diluted %Chg

Diluted Common Size

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Other Operating Expenses

Other Operating Expenses %Chg

Other Operating Expenses Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Interest and Investment Income

Interest and Investment Income %Chg

Interest and Investment Income Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Non-Operating Income

Non-Operating Income %Chg

Non-Operating Income Common Size

Total Non-Operating Income

Total Non-Operating Income %Chg

Total Non-Operating Income Common Size

Income Before Provision for Income Taxes

Income Before Provision for Income Taxes %Chg

Income Before Provision for Income Taxes Common Size

Provision for Income Taxes

Provision for Income Taxes %Chg

Provision for Income Taxes Common Size

Consolidated Net Income

Consolidated Net Income %Chg

Consolidated Net Income Common Size

Net Income Attributable to Minority Interests and Other

Net Income Attributable to Minority Interests and Other %Chg

Net Income Attributable to Minority Interests and Other Common Size

Net Income Attributable to Discontinued Operations

Net Income Attributable to Discontinued Operations %Chg

Net Income Attributable to Discontinued Operations Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Total Revenues	21,160	20,456	19,093	17,737	16,226	14,852	10,187	5,823	5,696	5,505	5,254
Total Revenues %Chg	5.2%	7.1%	7.6%	9.3%	9.3%	45.8%	74.9%	2.2%	3.5%	4.8%	3.7%
Processing and Services
Product
Cost of Sales	8,363	8,013	7,670	7,992	8,128	7,812	5,309	3,069	3,024	2,959	2,909
Cost of Processing and Services
Cost of Product
Gross Profit	12,797	12,443	11,423	9,745	8,098	7,040	4,878	2,754	2,672	2,546	2,345
Gross Profit Margin	60.5%	60.8%	59.8%	54.9%	49.9%	47.4%	47.9%	47.3%	46.9%	46.2%	44.6%
Selling, General & Administrative Expenses	6,719	6,564	6,576	6,059	5,810	5,652	3,284	1,228	1,150	1,101	1,034
Selling, General and Administrative
Other Operating Expenses	-117	—	-167	-54	—	-464	-15	-227	-10	—	—
Net Loss on Sales and Distribution of Other Assets
Operating Profit	6,195	5,879	5,014	3,740	2,288	1,852	1,609	1,753	1,532	1,445	1,311
Operating Income
Operating Margin	29.3%	28.7%	26.3%	21.1%	14.1%	12.5%	15.8%	30.1%	26.9%	26.2%	25%
Interest and Investment Income	—	—	—	—	—	—	—	—	—	—	1
Interest and Investment Income, Net
Interest Expense	-1,441	-1,195	-976	-733	-693	-709	-473	-189	-175	-163	-170
Interest Expense, Net
Non-Operating Income	-327	-863	-155	126	171	28	-24	1	33	140	-53
Realized Gain from Sale of Investments
Debt Financing Activities
Other Expense, Net
Income from Investments in Unconsolidated Affiliates
Total Non-Operating Income	-1,768	-2,058	-1,131	-607	-522	-681	-497	-188	-142	-23	-222
Income Before Provision for Income Taxes	4,427	3,821	3,883	3,133	1,766	1,171	1,112	1,565	1,390	1,422	1,089
Provision for Income Taxes	802	641	754	551	363	196	198	378	158	492	377
Income Tax Provision
Consolidated Net Income	3,625	3,180	3,129	2,582	1,403	975	914	1,187	1,232	930	712
Net Income Attributable to Minority Interests and Other	18	49	61	52	69	17	21	—	—	—	—
Less: Net Income Attributable to Noncontrolling Interests and Redeemable Noncontrolling Interest
Net Income Attributable to Discontinued Operations	—	—	—	—	—	—	—	—	14	—	—
Loss from Discontinued Operations, Net of Income Taxes
Income (Loss) from Discontinued Operations, Net of Income Taxes
Net Income Attributable to Common Shareholders	3,607	3,131	3,068	2,530	1,334	958	893	1,187	1,246	930	712
Net Income Attributable to Fiserv, Inc.
Basic EPS	6.5	5.4	5	3.9	2	1.4	1.7	2.9	3	2.1	1.5
Diluted EPS	6.5	5.4	5	3.9	2	1.4	1.7	2.9	2.9	2.1	1.5
Basic Weighted Average Shares Outstanding	556.4	578.7	611.7	642.3	662.6	672.1	512.3	405.5	422.3	440.6	467.8
Total Shares Outstanding	537.9	564	594	630	650	669.1	679.9	392.1	415.1	431	451.2
Diluted Weighted Average Shares Outstanding	557.7	582.1	615.9	647.9	671.6	683.4	522.6	413.7	431.3	447.8	476
EBITDA	9,355	9,017	8,176	6,952	5,536	5,109	3,387	2,309	1,976	1,866	1,728
Effective Tax Rate	18.1%	16.8%	19.4%	17.6%	20.6%	16.7%	17.8%	24.2%	11.4%	34.6%	34.6%