AI English summary of an SEC filing — figures as filed
Fiserv FISVFiserv said total revenue for Q2 2024 rose $351 million (7%), and first-half revenue rose $687 million (7%), each compared with 2023. The company said foreign currency exchange rate fluctuations, which reduced revenue by 9% in Q2 and by 10% in the first half, partially offset the gains.
Key points
AI summaryFiserv said total revenue for Q2 2024 rose $351 million (7%), and first-half revenue rose $687 million (7%), each compared with 2023. The company said foreign currency exchange rate fluctuations, which reduced revenue by 9% in Q2 and by 10% in the first half, partially offset the gains.
The company said total operating income for Q2 2024 rose $297 million (26%) from 2023, and operating margin increased 420 basis points to 28.0%. It cited scalable revenue growth and a reduction in amortization of acquisition-related intangible assets as factors.
Fiserv said operating cash flow for the first six months of 2024 was $2.2 billion, an increase of 8% from $2.0 billion in the first six months of 2023. The company also said it repurchased $3.0 billion of its common stock over the same period.
Fiserv said it sold $2.0 billion of senior notes in a public offering in March 2024. The company said it used the net proceeds for general corporate purposes, including repaying part of its commercial paper and repurchasing shares, and to repay part of its senior notes in July 2024, which carried 2.750% interest.
Key figures
Quarter ended June 30, 2024
- Revenue
- $5.1B
- Operating income
- $1.4B
- Net income
- $894M
- EPS
- $1.53
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Total Revenue Up $351 million in Q2 2024
Fiserv said total revenue for Q2 2024 rose $351 million (7%), and first-half revenue rose $687 million (7%), each compared with 2023. The company said foreign currency exchange rate fluctuations, which reduced revenue by 9% in Q2 and by 10% in the first half, partially offset the gains.
Source · Based on the MD&A text of the filing
Operating Income Up $297 million, Operating Margin Up 28.0%
The company said total operating income for Q2 2024 rose $297 million (26%) from 2023, and operating margin increased 420 basis points to 28.0%. It cited scalable revenue growth and a reduction in amortization of acquisition-related intangible assets as factors.
Source · Based on the MD&A text of the filing
First-Half Operating Cash Flow $2.2 billion, Share Repurchases $3.0 billion
Fiserv said operating cash flow for the first six months of 2024 was $2.2 billion, an increase of 8% from $2.0 billion in the first six months of 2023. The company also said it repurchased $3.0 billion of its common stock over the same period.
Source · Based on the MD&A text of the filing
Fiserv Prices $2.0 billion Senior Notes in March 2024
Fiserv said it sold $2.0 billion of senior notes in a public offering in March 2024. The company said it used the net proceeds for general corporate purposes, including repaying part of its commercial paper and repurchasing shares, and to repay part of its senior notes in July 2024, which carried 2.750% interest.
Source · Based on the MD&A text of the filing
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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