AI English summary of an SEC filing — figures as filed
Fiserv FISVThe company said GAAP revenue for Q2 2024 rose 7% year over year to $5.11 billion, and GAAP earnings per share rose 39% from Q2 2023 to $1.53. GAAP revenue for the first six months was $9.99 billion, and GAAP earnings per share was $2.76.
Key points
AI summaryThe company said GAAP revenue for Q2 2024 rose 7% year over year to $5.11 billion, and GAAP earnings per share rose 39% from Q2 2023 to $1.53. GAAP revenue for the first six months was $9.99 billion, and GAAP earnings per share was $2.76.
The company said organic revenue growth was 18% in Q2 2024, with Merchant Solutions growing 28% and Financial Solutions growing 8%. Adjusted operating margin for Q2 was 38.4%, up 160 basis points from the prior year period.
The company said net cash provided by operating activities for the first six months of 2024 was $2.17 billion, and free cash flow was $1.48 billion. It repurchased 10.0 million shares for $1.5 billion in Q2 and 20.2 million shares for $3.0 billion in the first six months.
The company said it maintained its organic revenue growth outlook of 15% to 17% for 2024 and raised its adjusted earnings per share outlook to $8.65 to $8.80. The company said this represents growth of 15% to 17%.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q2 and First-Half GAAP Revenue and EPS
The company said GAAP revenue for Q2 2024 rose 7% year over year to $5.11 billion, and GAAP earnings per share rose 39% from Q2 2023 to $1.53. GAAP revenue for the first six months was $9.99 billion, and GAAP earnings per share was $2.76.
Source · Based on the filing body and exhibits
Q2 Organic Revenue Growth and Adjusted Operating Margin
The company said organic revenue growth was 18% in Q2 2024, with Merchant Solutions growing 28% and Financial Solutions growing 8%. Adjusted operating margin for Q2 was 38.4%, up 160 basis points from the prior year period.
Source · Based on the filing body and exhibits
First-Half Operating Cash Flow, Free Cash Flow and Share Repurchases
The company said net cash provided by operating activities for the first six months of 2024 was $2.17 billion, and free cash flow was $1.48 billion. It repurchased 10.0 million shares for $1.5 billion in Q2 and 20.2 million shares for $3.0 billion in the first six months.
Source · Based on the filing body and exhibits
2024 Full-Year Outlook
The company said it maintained its organic revenue growth outlook of 15% to 17% for 2024 and raised its adjusted earnings per share outlook to $8.65 to $8.80. The company said this represents growth of 15% to 17%.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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