Fiserv Shares Gain Following Q2 Revenue Beat; Robust Guidance

July 26, 2022 9:30 AM | 1 min read |

Fiserv, Inc FISV reported second-quarter FY22 revenue growth of 10% year-on-year to $4.45 billion, beating the consensus of $4.08 billion. Organic revenue growth was 12% Y/Y.
The acceptance segment grew 14% Y/Y, the Fintech segment grew 6% Y/Y, and the Payments segment grew 7% Y/Y.
The adjusted operating margin decreased 40 bps to 33.5%.
EPS of $1.56 is in line with the consensus.
Outlook: Fiserv raised the 2022 outlook and saw organic revenue growth of 9% - 11% and adjusted EPS of $6.45 - $6.55, representing 16% - 17% growth against the consensus of $6.47.
Price Action: FISV shares traded higher by 2.24% at $101 in the premarket on the last check Tuesday.