Summary
Fiserv Inc. (FISV) reported solid financial performance for the fiscal year ending December 31, 2015, demonstrating consistent revenue growth and operational efficiency. Total revenue reached $5.3 billion, a 4% increase year-over-year, driven by the company's core processing and services segments. Operating income grew by 8% to $1.3 billion, reflecting improved operating margins due to scale efficiencies and expense management. The company maintained a strong cash flow from operations of $1.35 billion, underscoring its ability to fund ongoing operations, debt obligations, and strategic investments. Fiserv's business is diversified across two main segments: Payments and Financial. The Payments segment, which accounts for a significant portion of revenue, saw growth driven by card services, bill payment, and digital channel solutions. The Financial segment also exhibited growth, supported by account processing and lending businesses. The company continues to focus on innovation, client relationship value, and operational effectiveness as key enterprise priorities. Despite facing a competitive landscape and evolving market dynamics, Fiserv's recurring revenue model and essential services provide a stable foundation for future growth. The company also actively manages its capital structure, including share repurchases and debt management, indicating a commitment to enhancing shareholder value.
Financial Highlights
48 data points| Revenue | $5.25B |
| Cost of Revenue | $731.00M |
| Gross Profit | $4.52B |
| SG&A Expenses | $1.03B |
| Operating Expenses | $3.94B |
| Operating Income | $1.31B |
| Interest Expense | $170.00M |
| Net Income | $712.00M |
| EPS (Basic) | $1.52 |
| EPS (Diluted) | $1.50 |
| Shares Outstanding (Basic) | 467.80M |
| Shares Outstanding (Diluted) | 476.00M |
Key Highlights
- 1Total revenue for 2015 was $5.3 billion, a 4% increase from the prior year, indicating sustained top-line growth.
- 2Operating income grew by 8% to $1.3 billion, with operating margins improving to 24.9%, demonstrating enhanced profitability and efficiency.
- 3Net cash provided by operating activities was $1.35 billion, showcasing strong operational cash generation and financial health.
- 4The company repurchased approximately $1.47 billion of its common stock in 2015, signaling confidence and a commitment to returning capital to shareholders.
- 5Fiserv operates in two primary segments: Payments and Financial, both contributing to revenue growth, with the Payments segment showing particular strength in card services and digital solutions.
- 6The company's strategy emphasizes active portfolio management, client relationship value, operational effectiveness, capital discipline, and innovation.
- 7Significant long-term debt of $4.3 billion exists, though the company reports compliance with all debt covenants and has a revolving credit facility in place.