- Fiserv, Inc FISV reported fourth-quarter FY22 revenue growth of 9% year-on-year to $4.63 billion, while adjusted revenue increased 8% to $4.36 billion, surpassing the consensus of $4.34 billion. Organic revenue growth was 12%.
- The acceptance segment grew 16% Y/Y, the Fintech segment grew 8% Y/Y, and the Payments segment grew 10% Y/Y.
- The adjusted operating margin increased by 360 bps to 39.2%.
- Adjusted EPS of $1.91 beat the consensus of $1.90.
- Chair and CEO Frank Bisignano said, "Recent client wins, high recurring revenue, and our focus on productivity position us well for our 38th consecutive year of double-digit adjusted earnings per share growth."
- FY23 Outlook: Fiserv saw organic revenue growth of 7% - 9%.
- It saw adjusted EPS of $7.25 - $7.40 versus a consensus of $7.29.
- Price Action: FISV shares traded lower by 1.46% at $104.85 premarket on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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