The company said GAAP revenue for Q2 2025 increased 8% year over year to $5.52 billion, with Merchant Solutions revenue up 10% and Financial Solutions revenue up 7%. GAAP earnings per share for the same quarter was $1.86.

1. 01

   The company said GAAP revenue for Q2 2025 increased 8% year over year to $5.52 billion, with Merchant Solutions revenue up 10% and Financial Solutions revenue up 7%. GAAP earnings per share for the same quarter was $1.86.

2. 02

   Fiserv said its GAAP operating margin for Q2 2025 was 30.7%, compared with 28.0% a year earlier, and its adjusted operating margin rose 120 basis points to 39.6%. Merchant Solutions was 34.6% (36.6% a year earlier), and Financial Solutions was 48.7% (45.9% a year earlier).

3. 03

   The company said net cash provided by operating activities for the first six months of 2025 was $2.31 billion, and free cash flow was $1.54 billion. It repurchased 12.2 million shares of common stock for $2.2 billion in Q2. For the first six months, the cumulative repurchase totaled 21.9 million shares for $4.4 billion.

4. 04

   The company outlined organic revenue growth of approximately 10% and adjusted earnings per share of $10.15 to $10.30, representing growth of 15% to 17%, for 2025. It also said it completed a public offering of 2.175 billion Euros of senior notes, with a weighted average coupon rate of 3.43%.

Analysis 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.

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

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