Summary
Fiserv, Inc. reported strong performance in its Q2 2021 earnings, with total revenue increasing by 17% to $4.1 billion for the quarter and 8% to $7.8 billion for the first six months. This growth was driven by a significant rebound in merchant acquiring and payment volumes, recovering from COVID-19 impacts seen in the prior year. Net income attributable to Fiserv, Inc. saw a substantial rise to $269 million for the quarter, up from $2 million in Q2 2020, and $573 million for the six-month period, up from $394 million in the prior year. The company also demonstrated improved profitability with operating income increasing by 290% in the quarter and 41% year-to-date. Strategic acquisitions in early 2021, including Ondot, Pineapple Payments, and Spend Labs, are expected to further enhance Fiserv's digital capabilities and payment solutions. The company continues to manage its capital effectively, with robust operating cash flow generation and a solid liquidity position. Despite ongoing economic uncertainties related to the pandemic, Fiserv's performance indicates a strong recovery and positive momentum across its key business segments.
Financial Highlights
49 data points| Revenue | $4.05B |
| SG&A Expenses | $1.44B |
| Operating Expenses | $3.41B |
| Operating Income | $644.00M |
| Interest Expense | $176.00M |
| Net Income | $269.00M |
| EPS (Basic) | $0.41 |
| EPS (Diluted) | $0.40 |
| Shares Outstanding (Basic) | 663.70M |
| Shares Outstanding (Diluted) | 672.70M |
Key Highlights
- 1Total revenue for Q2 2021 increased 17% year-over-year to $4.1 billion, and 8% for the first six months to $7.8 billion, driven by recovering payment volumes.
- 2Net income attributable to Fiserv, Inc. surged to $269 million in Q2 2021 from $2 million in Q2 2020, and $573 million year-to-date, up from $394 million.
- 3Operating income saw a significant increase of 290% in Q2 2021 to $644 million and 41% for the first six months to $1.1 billion, indicating improved profitability and operating leverage.
- 4The company completed several strategic acquisitions in early 2021, including Ondot, Pineapple Payments, and Spend Labs, to bolster its digital offerings and market position.
- 5Operating cash flow remained strong at $2.0 billion for the first six months of 2021, an increase of 5% compared to the prior year.
- 6Fiserv maintained a solid liquidity position with $841 million in cash and cash equivalents and substantial availability under its revolving credit facility.
- 7The company noted a favorable trend in its merchant acquiring and payment-related businesses, with improved transaction volumes recovering from COVID-19 impacts.